According to the latest report by IMARC Group, titled “Biopesticides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on biopesticides industry share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global biopesticides market reached a value of US$ 5.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.1 Billion by 2027, exhibiting a CAGR of 14.5% during 2022-2027.
A biopesticide represents an organic pest repellent that is manufactured using naturally occurring substances, such as microbes, plants, and biochemicals. Bioinsecticides, bioherbicides, and bio fungicides are some of the most commonly used products. They aid in preventing the growth of pests, weeds, and insects on crops and are usually applied via foliar spray or directly added into the soil for the treatment of crops. Compared to the traditionally used synthetic pesticides, biopesticides provide permanent or long-term control of pests, are naturally less toxic, and are highly efficient even when applied in minimal quantities. As a result, these pest repellents find widespread applications across various crops, including cereals, grains, oilseeds, pulses, fruits, vegetables, etc.
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Market Trends:
The expanding agriculture industry and the extensive utilization of organic farming practices are among the primary factors driving the biopesticides market. Besides this, the escalating product demand to improve soil fertility and prevent plant infestation, owing to the rising concerns toward ground health, agricultural sustainability, and environmental safety, is further augmenting the market growth. Moreover, the growing popularity of biopesticides, as artificial pesticides and fertilizers are known to leave a toxic residue, which can cause microbial imbalance, soil pollution, and reduce the levels of biocontrol agents in the soil, is also catalyzing the global market. Apart from this, the increasing awareness in individuals toward the adverse environmental effects of using synthetic pesticides and other agricultural additives is acting as another significant growth-inducing factor. Additionally, the launch of several policies by the government bodies to promote sustainable farming practices and various innovations in the field of agricultural sciences are also stimulating the market growth. Furthermore, the shifting consumer preference toward organic food products manufactured using chemical-free ingredients is expected to bolster the biopesticides market in the coming years.
Despite the many advantages of biopesticides, there are still some challenges facing the industry. One of the main challenges is the lack of awareness and education about biopesticides among farmers and other stakeholders in the agriculture industry. Many farmers are still unfamiliar with biopesticides and may be hesitant to use them, even if they are more environmentally-friendly than traditional pesticides.
Another challenge facing the biopesticides market is the regulatory environment. In many countries, biopesticides are subject to the same regulations as traditional pesticides, which can be time-consuming and expensive for manufacturers. There is a need for more streamlined and consistent regulations for biopesticides, in order to encourage innovation and investment in the industry.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- BASF
- Bayer Cropscience
- Certis USA LLC
- FMC Corporation
- Isagro
- Koppert B.V.
- Marrone Bio Innovations
- Novozymes Biologicals
- Stockton (Israel) Ltd.
- Syngenta
- The Dow Chemical Company
- Valent BioSciences Corporation
Biopesticides Market Segmentation:
Our report has categorized the market based on region, product, formulation, source, mode of application and crop type.
Breakup by Product:
- Bioherbicides
- Bioinsecticides
- Biofungicides
- Others
Breakup by Formulation:
- Liquid
- Dry
Breakup by Source:
- Microbials
- Plant Extract
- Biochemicals
Breakup by Mode of Application:
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Post-Harvest
Breakup by Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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