Press release
Biopesticides Market Overview 2025-2034: Key Drivers and Insights
Biopesticides Market Overview
Unprecedented Growth in Biopesticides Market Beckons: Market Size to expand from $7.35 billion in 2024 to $17.21 billion in 2029 at an impressive CAGR of 18.4%. Advances in technological innovation, increased market consolidation, and potential partnerships set to drive growth.
What Is The Projected Market Size Of The Global Biopesticides Market And Its Growth Rate?
The rapidly growing global biopesticides market gives us these figures:
• Past: The market expanded from $7.35 billion in 2024 to $8.75 billion in 2025, showing an impressive CAGR of 19.0%. This growth can be attributed to increased awareness about environmental and health impacts, government regulations, the rise in organic farming, and investments in research and development.
• Future: The market size is expected to jump to $17.21 billion in 2029 at a CAGR of 18.4%. This surge is driven by factors such as the rise in the agriculture sector, a burgeoning global population, increasing demand for hygiene and quality food, and overall economic growth.
What Is Driving The Growth In The Biopesticides Market?
The biopesticides market is witnessing impressive growth, fueled by a rising demand for organic food. This demand has seen a surge during the COVID-19 pandemic as consumers increasingly prefer healthy, immunity-boosting foods. Biopesticides, being harmful only to pests but not to the plants or soil, reduce soil pollution and erosion, and are therefore preferred in organic crop production. Remarkably, organic food sales in the US crossed the $60 billion mark for the first time in 2022, as reported by the Organic Trade Association, setting a new high for the robust organic sector. This trend is expected to boost the market growth for biopesticides.
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Who Are the Key Players Driving Biopesticides Market Growth?
Key players contributing to biopesticides market growth 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
What Are The Key Trends In The Biopesticides Market?
Key emerging trends in the market include:
• Precision agriculture integration
• Digital technologies
• Market consolidation
• Partnerships
What Are The Segments Of The Global Biopesticides Market?
The global biopesticides market is segmented by:
1) Type: Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides, Other Types
2) Source: Microbials, Biochemicals, Beneficial insects
3) Formulation: Liquid Formulation, Dry Formulation
4) Mode Of Application: Seed Treatment, Soil Treatment, Foliar Spray, Other Mode Of Applications
Which Region Leads The Biopesticides Market?
North America held the largest share in the biopesticides market in 2024. However, Asia-Pacific is pegged to be the fastest-growing region in the coming years.
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What Is Covered In The Biopesticides Market Global Market Report?
- Market Size Analysis: Analyze the Biopesticides Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Biopesticides Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Biopesticides Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Biopesticides Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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