Growing Organic Food Demand Boosts Biopesticides Market Growth: Strengthening the Growth Trajectory of the Biopesticides Market

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What Is the Expected CAGR for the Biopesticides Market Through 2025?
In recent times, the biopesticides market has witnessed a swift expansion. The market is projected to escalate from $7.35 billion in 2024 to an impressive $8.75 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 19.0%. Factors such as escalating consciousness about environmental and health implications, heightened government regulations, the spread of organic farming, advancements due to investments in research and development, and a surge in disposable income can be credited for this growth pattern observed in the historic period.

What's the Projected Size of the Global Biopesticides Market by 2029?
Expectations are high for the biopesticides market as it is predicted to experience a substantial expansion in the coming years. The market size is forecasted to surge to $17.21 billion by 2029, growing at a compound annual growth rate (CAGR) of 18.4%. This vast expansion in the forecast period can be owe to the developments in the agricultural industry, the increasing global population, higher demand for clean and quality food, and economic development. The forecast period will also see major trends like the integration of precision agriculture, the adoption of digital technologies, market mergers, and collaborations.

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Top Growth Drivers in the Biopesticides Industry: What's Accelerating the Market?
The growth of the biopesticides market is anticipated to be propelled by the escalating demand for organic food. Amidst the COVID-19 pandemic, the preference for organic food has surged as it is viewed by consumers as healthier and beneficial for boosting immunity. Biopesticides, which are made up of toxins present in living organisms that damage pests but not the plants, help in mitigating soil erosion and pollution. This makes them a preferred choice in organic farming. To illustrate, the Organic Industry Survey conducted by the Organic Trade Association, a U.S. based entity, reported that the sales of organic food in the United States surpassed $60 billion for the first time in 2022. This milestone indicates the steady resilience of the organic sector. Consequently, this surging demand for organic food is set to fuel the biopesticides market growth.

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What Trends Will Shape the Biopesticides Market Through 2029 and Beyond?
Technological progress is establishing itself as a significant trend in the biopesticides industry. Manufacturers of biopesticides are utilizing innovative technologies to create new bacterial strains for controlling pests and plant diseases. For example, in September 2023, Croda, a UK-based company specializing in the production of a variety of high-performance ingredients, introduced AtloxTM BS-50. This product is developed especially for spore-forming microbes and is designed to be compatible with a range of common microbes, thereby providing flexibility across numerous applications. Atlox BS-50 meets key performance benchmarks including preventing separation or sedimentation during storage, which helps in maintaining the potency and effectiveness of the microbes. Reflecting Croda's commitment to sustainability, Atlox BS-50 meets the growing interest in green agricultural solutions, as biopesticides made from natural sources are becoming more extensively incorporated in sustainable farming operations.

What Are the Main Segments in the Biopesticides Market?
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

Subsegments:
1) By Bioinsecticides: Bacillus thuringiensis (BT) Products, Neem Oil, Insect Pathogens
2) By Biofungicides: Trichoderma spp., Bacillus spp., Yeast-Based Products
3) By Bionematicides: Nematode-Pathogenic Fungi, Microbial and Plant-Based Nematode Controls
4) By Bioherbicides: Allelopathic Plant Extracts, Microbial Herbicides, Natural Compounds
5) By Other Types: Biochemical Pesticides, Plant Growth Regulators, Essential Oils

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Which Top Companies are Driving Growth in the Biopesticides Market?
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., Symbiota Inc.

Which Regions Will Dominate the Biopesticides Market Through 2029?
North America was the largest region in the biopesticides market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market share. The regions covered in the biopesticides market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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