Biopesticides Market Insights: A Comprehensive Analysis of Current Trends and Future Outlook

North America holds the largest share of the market in biopesticides, due to strong support from regulations and a growing need for sustainable agriculture, as well as a large adoption rate for organic farming. In the US and Canada, stringent regulations pertaining to the application of chemical pesticides, especially in the production of food, have fueled the rapid use of biopesticides as safer alternatives.
The global biopesticides market [https://www.marketsandmarkets.com/PressReleases/biopesticide.asp] is projected to reach USD 15.66 billion by 2029 from USD 7.72 billion by 2024, at a CAGR of 15.2% during the forecast period in terms of value. The growth in the biopesticides market is driven by increasing consumer demand for food produced organically and sustainably, coupled with increasing stringent government regulations pertaining to synthetic pesticides. In 2023, the EPA updated its FIFRA regulations. These updates will involve a more complete analysis of chemical pesticides' environmental and health risks, emphasizing ensuring minimal risk from pesticide residues in food. These revised regulations, particularly those related to the FQPA, further complicate the safety standards for synthetic chemical pesticides. The European Union opted to ban several key active ingredients in agriculture. In June 2022, the executive arm of the European Union proposed a reduction in chemical pesticides by 50% by 2030. All these types of restrictions are forcing the use of biopesticides in agricultural production.

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Biopesticides Market Driver [https://www.prnewswire.com/news-releases/biopesticides-market-worth-15-66-billion-by-2029--exclusive-report-by-marketsandmarkets-302263663.html]: Increasing demand for organic food

The increasing demand for organic food is a major driving factor behind the biopesticides market, as consumers increasingly seek healthy and environmentally friendly practices. Organic farming, which does not allow synthetic chemicals, depends on biopesticides to control pests and diseases in accordance with certification standards. This trend is driven by increased awareness of the health and environmental impacts of chemical residues. As consumers increasingly seek healthier options, farmers must adapt to organic and natural crop management methods without artificial chemicals. Organic farming prohibits synthetic pesticides and fertilizers, creating a natural alignment with biopesticides derived from natural sources like microorganisms, plant extracts, and other organic compounds. Organic food sales in the US broke through the USD 60 billion mark for the first time in 2022, and total organic sales, including non-food items, reached a record of USD 67.6 billion, according to the Organic Trade Association's 2023 Organic Industry Survey. This has correspondingly increased organic produce sales, increasing the demand for biopesticides as more farmers attempt to meet organic standards by managing pest populations effectively.

Biopesticides Market Opportunities [https://www.marketsandmarkets.com/blog/FB/Biopesticides-to-Lead-the-Charge-in-Sustainable-Agriculture-and-Integrated-Pest-Management-Globally]: Integration of biopesticides in precision agriculture

Precision agriculture is one of the key opportunities in the biopesticides market. It enhances the effectiveness and efficiency of pest management. Precision agriculture technology, like drones, GPS-guided equipment, and sensor-based systems, allow the targeted application of biopesticides in precise locations where waste is not induced and ensures efficient coverage of fields. In the process, environmental impact will be minimized and effective to reduce costs to the farmer who has a need for a precise application of biopesticides where and when needed. Technology combined with eco-friendly solutions can produce notable potential for the growth of biopesticides in modern, sustainable farming systems. Apart from this, the precision agriculture-based insights on data-driven information facilitate a better observation of pests and the provision of tailored solutions that suit the requirements of sustainable and efficient farming. To promote integration, governments and stakeholders in the agricultural sector offer subsidies, sponsor research, and create partnerships to push for innovations that bring sustainable agriculture closer to society. The advancement of digital farming platforms will facilitate biopesticide use in precision agriculture, hence promising a new source of market openings mainly in countries with high and rapid growth rates of advanced agricultural practices.

By crop type segment, fruits & vegetables segment to hold largest market share.

The fruits & vegetables hold largest share in biopesticides market. The increasing popularity of fresh organic produce among consumers is forcing the farmer to take the step of resorting to biopesticides as the crops they produce must have no chemical residue on them. This trend is particularly crucial for fruits and vegetables because they are eaten raw, and thus food safety is a greater concern. Biopesticides provide the opportunity to control pests while maintaining such low pesticide residue levels, hence they are favored by growers in these markets.

Moreover, fruits and vegetables are significantly vulnerable to various pests and diseases, which could seriously affect yield as well as quality. The disadvantages of traditional pesticides can be eliminated with the help of biopesticides. Biopesticides provide effective control over pests that target a specific pest without harming beneficial insects or the environment. Increasing IPM practices in fruit and vegetable farming have further promoted the use of biopesticides. The fruit and vegetable sector is the major consumer of biopesticide solutions with an increasing number of biopesticide products being developed to address diverse pest problems in crops.

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By formulation segment, liquid form segment to grow at highest rate during forecast period.

Liquid biopesticides can be mixed easier, applied and incorporated into most conventional spraying apparatuses, so they are generally easier for the farmer to work with. Uniform distribution of the active ingredients by liquid biopesticides over crops can also be increased. Liquid formulations are also more versatile in terms of application, whether foliar or soil, and hence can be applied to almost all types of crops under various kinds of growing conditions. Rising demand for easy-to-use, effective formulations opens up larger space for liquid biopesticides in the market.

Advances in formulation technology in recent times have rapidly increased the adoption of liquid biopesticides because of improved stability, shelf life, and performance. Liquid biopesticides have the advantage of speedier effects for control purposes in most cases, making them preferable for pest management under high pressure. Besides, with increased emphasis on integrated pest management, where biological control methods are combined with other forms of pest management, liquid biopesticides become easy choices because they fit into the flexibility and successful operations in controlling most kinds of pests. Liquid biopesticides will find a significant growth in demand from farmers seeking alternatives to chemical pesticides.

North America to dominate biopesticides market Share [https://finance.yahoo.com/news/biopesticides-market-worth-15-66-105500359.html] during forecast period.

North America holds the largest share of the market in biopesticides, due to strong support from regulations and a growing need for sustainable agriculture, as well as a large adoption rate for organic farming. In the US and Canada, stringent regulations pertaining to the application of chemical pesticides, especially in the production of food, have fueled the rapid use of biopesticides as safer alternatives. Besides subsidies and grants given by the government, it supports the practice of sustainable farming using biopesticides. The region's strong research and development activities, especially in the United States, have also contributed to North America's leadership in the biopesticides market. Leading agricultural companies in the region are investing heavily in new biopesticide formulations, improving the efficacy of products developed and expanding the possibility of application on most crops. Good distribution networks are also developed in the North American market, which makes the product extensively available for use among farmers. With both public and private sectors continuing to strive for the cause of environment-friendly farming practices, North America would continue to maintain its lead position in the global market of biopesticides.

Top Biopesticides Companies [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).

Recent Developments of Biopesticides Industry [https://www.marketsandmarketsblog.com/the-rise-of-biopesticides-transforming-sustainable-agriculture.html]

In May 2024, Bioceres Crop Solutions Corp announced that Brazil's Ministry of Agriculture and Livestock (MAPA - Ministerio da Agricultura e Pecuaria) has approved three new bio-insecticidal and bio-nematocidal solutions derived from inactivated cells of the company's proprietary Burkholderia platform.

In May 2024, FMC Corporation and Optibrium signed an agreement to accelerate the discovery of novel crop protection technologies including biopesticides using ML and AI.

In April 2024, Bayer signed an agreement with UK-based AlphaBio Control on a new biological insecticide. This strategic move should strengthen Bayer's product portfolio. This new insecticide will be the first of its kind made available for arable crops, such as oilseed, rapeseed, and cereals, enabling Bayer to enhance its offerings in the field of sustainable crop protection.

In March 2024, BASF invested in building a new fermentation plant for biological and biotechnology-based crop protection products at the Ludwigshafen site. The plant is expected to start operating in the second half of 2025. It will include biological fungicides and seed treatments, among other valuable products, to help farmers.

In December 2023, Syngenta introduced CERTANO, its first biological product for sugarcane production. This microbiological bionematicide controls nematodes and acts as a biofungicide with immediate and long-lasting action, promoting plant growth.

Key Questions Addressed by the Biopesticides Market Report [https://www.marketsandmarkets.com/Market-Reports/biopesticides-267.html]:

Which are the major companies in the biopesticides market? What are their major strategies to strengthen their market presence?

What are the drivers and opportunities for the biopesticides market?

Which region is expected to hold the largest share in the biopesticides market?

What are key technology trends prevailing in the biopesticides market?

What are the factors driving the biopesticides market?

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