Biopesticides Market 2024 Future Trends, Scope, Industry Analysis And Forecast To 2033

"The new report published by The Business Research Company, titled ""Biopesticides Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the biopesticides market size has grown rapidly in recent years. It will grow from $6.2 billion in 2023 to $7.4 billion in 2024 at a compound annual growth rate (CAGR) of 19.3%. The biopesticides market size is expected to see rapid growth in the next few years. It will grow to $14.46 billion in 2028 at a compound annual growth rate (CAGR) of 18.2%.

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Growing Organic Food Demand Boosts Biopesticides Market Growth
The rising demand for organic food is expected to propel the growth of the biopesticides market going forward. During the COVID-19, the demand for organic food has increased as buyers perceived it as healthier and good for immunity. Biopesticides are composed of toxins found in living organisms that are harmful to pests that attack plants but have no effect on the plant itself, therefore reducing soil pollution and erosion. As a result, biopesticides are used in organic crop production. For instance, in 2023, according to the Organic Industry Survey released by the Organic Trade Association, a U.S-based organization, Organic food sales in the United States in 2022 broke through $60 billion for the first time, hitting another high-level mark for the resilient organic sector. . Therefore, the rising demand for organic food will drive the biopesticides market growth.

Biopesticides Market: Advancements In Bacterial Strain Technology
Technological advancement has emerged as a key trend in the biopesticides market. Biopesticides manufacturers are developing new bacterial strains using new technologies for biological control of pests and plant diseases. For instance, in February 2021, Ballagro Agro Technology Ltd., a Brazil-based agricultural company launched biopesticide Acera based on Embrapa technology. Acera is a biopesticide formed by mixing two isolates of Bacillus thuringiensis (BT) bacteria. Bacillus thuringiensis (BT) is a bacterial species that produce proteins with poisonous effects for insects but not for humans or other animals. It is not harmful to the environment, unlike chemical pesticides. The substance must be sprayed on the leaves, and the caterpillars are influenced by the action of such proteins when they eat them. The product will benefit crops such as soybeans, corn, and cotton in particular.

The biopesticides market covered in this report is segmented -

1) By Type: Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides, Other Types
2) By Source: Microbials, Biochemicals, Beneficial insects
3) By Formulation: Liquid Formulation, Dry Formulation
4) By Mode Of Application: Seed TreATMent, Soil TreATMent, Foliar Spray, Other Mode Of Applications

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Major companies operating in the biopesticides market include BASF SE, Syngenta AG, Bayer AG, Marrone Bio Innovations Inc., Novozymes A/S, Koppert B.V., FMC Corporation, International Panaacea Limited, Som Phytopharma India Limited, BioWorks Inc., Valent Biosciences LLC, Andermatt Biocontrol AG, Isagro S.p.A., Certis USA LLC, DowDuPont Inc., The Stockton Group Ltd., InVivo Group, Vegalab S.A., Biobest Group NV, STK Bio-ag technologies Ltd., Bionema Limited, Corteva Inc., Sumitomo Chemical Co. Ltd., Omnia Holdings Limited, Amit Biotech Private Limited, Agbiochem Inc., AgBiTech Pty Ltd., Arbico Organics, Arysta LifeScience Limited, Stoller Enterprises Inc., Terramera PlantHealth, Aphea.Bio NV, Pluton Biosciences Inc., Phoreus Biotech Inc., Provivi Inc., Vestaron Corporation, Agragene Inc., Phytelligence Inc., Symbiota Inc.

Contents of the report:
1. Executive Summary
2. Biopesticides Market Report Structure
3. Biopesticides Market Trends And Strategies
4. Biopesticides Market - Macro Economic Scenario
5. Biopesticides Market Size And Growth
…..
27. Biopesticides Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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