Biopesticides Market Size Worth US$ 13.6 Billion By 2028 | Industry Growth Rate (CAGR) of 14.1%

According to the latest report by IMARC Group, titled "Biopesticides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on biopesticides market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global biopesticides market size reached US$ 6.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.6 Billion by 2028, exhibiting a growth rate (CAGR) of 14.1% during 2023-2028.

Biopesticides are a type of pest control agent derived from natural substances, such as bacteria, fungi, and plant extracts. They are considered a safer alternative to traditional chemical pesticides as they have minimal negative impacts on the environment and non-target species. They control pests in crops, forestry, and urban settings. They work by interfering with the biological functions of pests, such as reproduction or feeding, and can be combined with other pest control methods. They are increasingly being adopted by farmers and growers worldwide due to their effectiveness, safety, and sustainability.

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Market Trends:

The global market is primarily driven by the increasing demand for sustainable agriculture practices. In line with this, the rising concerns over the harmful effects of chemical pesticides are significantly contributing to the market. Furthermore, the growing trend towards organic farming is positively influencing the market. Apart from this, the escalating efforts by the government and market players to promote the usage of efficient and eco-friendly agri-inputs are offering numerous opportunities for market expansion. Moreover, the governments are offering various schemes and subsidiaries to ensure the rapid adoption of eco-friendly agri-inputs, including bio-based crop protection chemicals. This, in turn, is creating a positive outlook for the market. Besides, the new product development with microbial ingredients is expected to fuel the market. Additionally, the increasing environmental safety awareness regarding the use of biopesticides is providing a boost to the market.

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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 (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Browse Other Reports of IMARC Group:

Andhra Pradesh Dairy Market: https://www.imarcgroup.com/dairy-industry-andhra-pradesh

Haryana Dairy Market: https://www.imarcgroup.com/dairy-industry-haryana

Karnataka Dairy Market: https://www.imarcgroup.com/dairy-industry-karnataka

Kerala Dairy Market: https://www.imarcgroup.com/dairy-industry-kerala

Maharashtra Dairy Market: https://www.imarcgroup.com/dairy-industry-maharashtra

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