The Biopesticides Market Is Expected To See A Substantial Rise In Growth And Demand In The Forecast Period 2023-2032
As per the biopesticides market report by The Business Research Company, the rising demand for organic food is expected to propel the growth of the biopesticides market.
The global biopesticides market size grew from $5.11 billion in 2022 to $6.13 billion in 2023 at a compound annual growth rate (CAGR) of 19.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The biopesticides market size is expected to grow to $11.27 billion in 2027 at a CAGR of 16.4%.
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Major competitors in the biopesticides market include BASF SE, Syngenta AG, Bayer AG, Marrone Bio Innovation, Novozymes A/S, Koppert Biological Systems, FMC Corporation, International Panaacea Ltd., Som Phytopharma India Ltd., BioWorks Inc., Valent Biosciences LLC, Andermatt Biocontrol AG, Isagro S.p.A, Certis US L.L.C, DowDuPont, The Stockton (STK) Group, InVivo Group, Vegalab S.A, Biobest Group NV, STK Bio-ag, Bionema, Corteva Agriscience, Sumitomo Chemical Co. Ltd., Omnia Holdings Limited, Amit Biotech, Agbiochem Inc., Agbitech Pty Ltd., Arbico Organics, Arysta Lifescience, and Stoller.
The biopesticides market is segmented -
• By Type: Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides, Other Types
• By Source: Microbials, Biochemicals, Beneficial insects
• By Formulation: Liquid Formulation, Dry Formulation
• By Mode Of Application: Seed TreATMent, Soil Treatment, Foliar Spray, Other Mode Of Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the biopesticides market in 2022.
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The biopesticides include certain types of pesticides derived from natural materials such as animals, plants, bacteria, and certain minerals. Biopesticides are biological, natural substances that manage a wide range of agricultural pests found in forests, gardens, and farmlands. This includes plant-incorporated protectants, biochemical pesticides, and microbial pesticides.
The Table Of Content For The Biopesticides Market Include:
1. Executive Summary
2. Biopesticides Market Characteristics
3. Biopesticides Market Trends And Strategies
4. Biopesticides Market - Macro Economic Scenario
5. Biopesticides Market Size And Growth
6. Biopesticides Market Segmentation
26. Africa Biopesticides Market
27. Biopesticides Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biopesticides Market
29. Biopesticides Market Future Outlook And Potential Analysis
The "Global Biopesticides Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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