Biopesticides Market Analysis, Latest Trends, Growth Drivers, Opportunities, Key Segments, Leading players, and Future Outlook

Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bionematicides), Crop Type (Cereals & Grains, Oilseeds & Pulses), Formulation (Liquid and Dry), Source (Microbials, Biochemicals), Mode of Application, & Region-Global Forecast to 2029
The [https://www.prnewswire.com/news-releases/biopesticides-market-worth-15-66-billion-by-2029--exclusive-report-by-marketsandmarkets-302263663.html] is estimated at USD 7.72 billion in 2024 and is projected to reach USD 15.66 billion by 2029, at a CAGR of 15.2% from 2024 to 2029. The factors driving the biopesticides market are growing demand for sustainable farming practices; stringent regulations regarding chemical pesticide use, along with growing awareness of environmental and health benefits. Advances in biopesticide technology and innovations in biological pest control lead to a better product profile and have driven market growth. Increasing concern regarding chemical residues in food and the environment, coupled with growing pest resistance to conventional pesticides, further boosts adoption of biopesticides as a viable alternative. The strategic agreements between biotech companies and agricultural firms are making in the market further contribute to the expansion of the market. In addition, increased awareness among farmers about the long-term advantages of using biopesticides, such as healthier soils and environmental safety, further accelerates the demand.

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Biopesticides Market Drivers [https://www.marketsandmarkets.com/blog/FB/Biopesticides-to-Lead-the-Charge-in-Sustainable-Agriculture-and-Integrated-Pest-Management-Globally]: Increasing demand for organic food

The growing consumer preference for organic and sustainably produced food is a key driver of the biopesticides market. As consumers continue to prioritize healthier, eco-friendly options, farmers are increasingly adopting organic and natural crop management practices that avoid synthetic chemicals. Organic farming prohibits the use of synthetic pesticides and fertilizers, creating a natural synergy with biopesticides derived from substances like microorganisms, plant extracts, and other organic materials. In 2022, organic food sales in the US surpassed USD 60 billion for the first time, with total organic sales, including non-food products, reaching a record high of USD 67.6 billion, according to the 2023 Organic Industry Survey by the Organic Trade Association. This surge in organic produce sales has driven the demand for biopesticides as farmers strive to meet organic standards and effectively manage pest populations.

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The biopesticides market is witnessing significant growth as the demand for sustainable agricultural practices continues to rise. Biopesticides are gaining popularity due to their eco-friendly nature, effectiveness in managing pests, and reduced environmental impact compared to conventional chemical pesticides. Here are some key trends shaping the biopesticides market:

Growing Adoption of Organic Farming: Organic farming practices are increasingly embraced globally, driving the demand for biopesticides. These products are free from synthetic chemicals and meet the requirements of organic certification, making them a preferred choice for organic farmers.

Technological Advancements: Innovation in biopesticide formulations, such as advanced microbial strains, nano-formulations, and biocompatible delivery systems, is enhancing their effectiveness. This has led to improved pest control while minimizing negative effects on non-target organisms and ecosystems.

Integrated Pest Management (IPM) Integration: Biopesticides are playing a crucial role in integrated pest management systems, where they complement chemical solutions to create a more balanced approach to crop protection. This integration helps reduce dependency on synthetic chemicals, promoting sustainable agriculture.

Focus on Regulatory Approvals and Research & Development: Governments and regulatory bodies are actively working to streamline the approval process for biopesticides. R&D efforts are expanding, with significant investment aimed at creating safer and more efficient biopesticide solutions to meet global agricultural challenges.

Increase in Research on Novel Biopesticide Types: The development of new biopesticides such as RNA-based pesticides, bioherbicides, and biostimulants is gaining traction. These innovations are expected to further diversify the market and cater to specific agricultural needs.

Fruits & Vegetables Segment Dominates the Biopesticides Market by Crop Type

The fruits and vegetables segment holds the largest share of the biopesticides market due to the high susceptibility of these crops to pest infestations and stringent regulations on pesticide residues. Growing consumer preference for residue-free produce has significantly boosted the adoption of biopesticides as a safer and more environmentally friendly solution to protect crops without compromising quality. Furthermore, many export markets enforce strict organic standards for fruits and vegetables, further driving the demand for biopesticides in this segment.

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Biofungicides Lead the Biopesticides Market by Type

The biofungicides segment captures the largest share of the global biopesticides market. Biofungicides, derived from natural organisms or their metabolites, effectively target fungal pathogens without harming beneficial microbes or plants. The segment's growth is fueled by rising consumer demand for organic produce, increasing regulatory pressure for residue-free crops, and the need to reduce dependence on chemical fungicides. Additionally, farmers are increasingly adopting integrated solutions to combat fungal crop diseases, further solidifying the role of biofungicides as a critical and expanding segment within the biopesticides market.

North America to dominate biopesticides market during forecast period.

Due to growing interest in sustainable agriculture and integrated pest management, North America dominates the biopesticides market. Both the US and Canada experienced higher infiltration of biopesticides due to strict laws and regulations regarding the use of chemical pesticides, coupled with increasing demand on the part of consumers for organic and residue-free fruits and vegetables. Besides this, new bio-technological advances and the availability of new products have also contributed to further growth in the North American region. Coupling this with the already established agricultural industry within the area and governmental support for environmentally friendly pest control methods further strengthens its position as the leader in the global biopesticides market.

Leading Biopesticides Manufacturers [https://www.marketsandmarkets.com/ResearchInsight/biopesticides.asp]:

Key players in this market include BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), UPL (India), Corteva (US), FMC Corporation (US), Nufarm (Australia), Sumitomo Chemical Co., Ltd. (Japan), Certis USA L.L.C. (US), Bioceres Crop Solutions (Argentina), Novonesis Group (Denmark), Koppert (Netherlands), Biobest Group NV (Belgium), Gowan Company (US), and Lallemand Inc (Canada).

Bayer AG (Germany)

Bayer AG is a multinational pharmaceutical and biotechnology company. The company includes a range of products under Pharmaceuticals, Consumer Health, and Crop Science business divisions. Bayer AG has a collection of more than 125,000 microbial strains. These enable the company to take advantage of genetic diversity as a means of developing novel and helpful products. The company continues to exploit its research on microbial and RNAi technology, utilizing RNA interference as a means of increasing efficiency in its products. Furthering this research is the acquisition of Monsanto US, which furthered the research on RNAi technology to advance the products for crop protection solutions. In 2023, Bayer entered a partnership with Kimitec to develop and expand its portfolio of biological solutions based on natural sources.

In April 2024, Bayer announced that it has reached an agreement with AlphaBio Control of the UK on a new biological insecticide. The move is strategic to strengthen Bayer's product portfolio, since the new insecticide will be unique in its type to be made available for arable crops, such as oilseed rape and cereals, thereby helping Bayer build its offerings in sustainable crop protection.

BASF SE (Germany)

BASF SE is a chemical-based company that does all the production, marketing, and selling of chemicals, plastics, crop protection products, and various performance products. The product line includes solvents, paints, food additives, fungicides, herbicides, and various sorts of chemicals. BASF SE has 11 divisions, which are condensed into 7 business models : chemicals, materials, industrial solutions, surface technologies. nutrition & care, agricultural solution and others. The agriculture solutions segment provides biological solutions wherein the company has a broad product portfolio for crop protection & seed, turf & ornamentals, and urban & rural pest control. Crop protection mainly provides foliar and drench-applied biological solutions to the growers for control of pests and diseases for residue and resistance management. The segment of biological solutions herein comprises biofungicides, bioinsecticides, inoculants, biostimulants, and pheromones that are intended for use in integrated pest management programs by the greenhouse and open field grower.

In March 2024, BASF announced that it is investing in new fermentation plant for biologic and biotechnologically based crop protection products at the Ludwigshafen site. The production facility will start up in the second half of 2025, producing high-value products for farmers, such as biological fungicides and seed treatments.

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