Biopesticides Market Size to reach USD 23.21 Billion 2032 | Emergen Research

The global biopesticides market size was USD 6.20 Billion in 2022 and is expected to register a revenue CAGR of 14.1% during the forecast period. The global biopesticides market is witnessing robust growth driven by the escalating demand for environmentally friendly pest control solutions and the adoption of sustainable agricultural practices. According to recent market research, factors such as increasing awareness of the benefits of biopesticides, emphasis on sustainability in agriculture, and the rising consumption of organic food are propelling market expansion.

Key Drivers of Biopesticides Market Growth:

Growing Awareness Regarding the Benefits of Biopesticides:
There is a growing recognition of the advantages associated with biopesticides, primarily their environmentally friendly nature. Biopesticides are ecologically sound alternatives that do not harm soil, water supplies, animals, or beneficial insects. They also offer a sustainable solution by reducing the reliance on synthetic chemicals, which can lead to resistance among pests over time.

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Increasing Focus on Sustainability in Agriculture:
The agriculture sector is increasingly shifting towards sustainable practices, driving the demand for biopesticides. These products allow farmers to produce food safely while minimizing environmental impact. By being more selective in their targeting, biopesticides reduce the risk of harming beneficial organisms and contribute to environmental preservation.

Growing Consumption of Organic Food:
As consumers become more conscious of the food they consume, there is a rising demand for organic produce. Biopesticides play a crucial role in organic farming by providing effective pest control without the use of synthetic chemicals, aligning with consumer preferences for natural and sustainable agricultural practices.

Market Restraints and Challenges:
Economic Limitations in Developing Nations:
Despite their benefits, the adoption of biopesticides faces economic challenges in developing countries due to their higher cost compared to conventional pesticides. This limits accessibility, particularly for smallholder farmers with limited financial resources.

Reliance on Conventional Pesticides:
The reliance on conventional pesticides persists due to economic constraints, potentially hindering the widespread adoption of biopesticides. Additionally, the complex preparation and application processes of biopesticides may pose challenges for farmers, leading to increased costs and labor requirements.

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Emerging Trends in the Biopesticides Market:
Use of Botanical Extracts:
There is a growing trend towards utilizing botanical extracts as biopesticides, offering a natural and sustainable alternative to synthetic chemicals. Botanical pesticides demonstrate efficacy in pest control while minimizing environmental damage and promoting worker safety on farms.

Long-Term Defense Capability:
Biopesticides, particularly botanical ones, provide long-term defense against pest-related damage, offering advantages such as biodegradability and user safety. Integrated pest management systems combining biological and botanical controls are gaining traction for their effectiveness and sustainability.

Market Segment Insights:

1. Biopesticides Type:
• Biofungicides: Dominate the market due to their efficacy in controlling plant pathogenic fungi and bacteria.
• Bioinsecticides: Expected to witness rapid growth driven by their target specificity and environmental friendliness.

2. Biopesticides Formulation:
• Liquid Form: Leads the market, offering advantages such as extended shelf life and increased efficacy.
• Dry Form: Expected to grow robustly, aligning with integrated pest management practices and ease of application.

3. Biopesticides Application:
• Foliar Application: Dominates the market, providing effective pest management directly onto plant leaves.
• Seed Treatment: Expected to grow rapidly, offering protection during critical germination and early growth stages.

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Major Companies and Competitive Landscape

The global biopesticides market is moderately fragmented, with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective biopesticides solutions.

Some major players included in the global biopesticides market report are:
• Sumitomo Chemical Co., Ltd.
• BASF SE
• Bayer AG
• FMC Corporation
• Syngenta
• Pro Farm Group Inc.
• Gowan Company
• Novozymes
• Koppert
• SOM Phytopharma
• Valent Biosciences
• Andermatt Biogarten
• IPL Biologicals
• BIONEMA
• UPL
• Corteva
• Gujarat State Fertilizers & Chemicals Limited (GSFC)
• Biobest Group
• STK Bio-AG Technologies
• Certis USA L.L.C.

Biopesticides Segment Analysis

For the purpose of this report, Emergen Research has segmented the global biopesticides market on the basis of source, type, formulation, crop type, application, and region:
• Source Outlook (Revenue, USD Billion; 2019-2032)
o Microbial
o Biochemicals
o Plant Extracts
o Beneficial Insects
o Others

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Bioinsecticides
o Biofungicides
o Bioherbicides
o Bionematicides
o Others
• Formulation Outlook (Revenue, USD Billion; 2019-2032)
o Dry Form
o Liquid Form

• Crop Type Outlook (Revenue, USD Billion; 2019-2032)
o Cereals and Grains
o Oilseeds and Pulses
o Fruits and Vegetables
1. Apples
2. Grapes
3. Potatoes
4. Others
o Others

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Foliar Application
o Seed Treatment
o Soil Treatment
o Post-Harvest

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

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