PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464674
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464674
Microbial Pesticides Market size was valued at USD 1021.32 Million in 2023, expanding at a CAGR of 7.43% from 2024 to 2032.
Microbial pesticides, referred to as biopesticides, are eco-friendly pesticide alternatives generated from naturally existing microorganisms that include bacteria, fungi, viruses, and protozoa. These microorganisms are specially designed or genetically engineered to manage agricultural pests, diseases, and weeds while having the least negative impact on non-target creatures, people, or the environment. Microbial pesticides work by a variety of processes, including pathogen infection, toxin generation, and disruption of pest physiology.
Microbial Pesticides Market- Market Dynamics
Increasing demand for sustainable pest management solutions to propel market demand
With increased concern about the environmental and health effects of chemical pesticides, there is an urgent need for cleaner alternatives that lessen dependence on synthetic chemicals. Microbial pesticides provide a viable answer by using microorganisms' natural processes to manage pests while causing little damage to non-target creatures and ecosystems. Furthermore, regulatory demands and customer preferences for environmentally friendly and organic agricultural methods are encouraging farmers and agribusinesses to investigate and invest in microbial pesticides as part of integrated pest control techniques.
Microbial Pesticides Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.43% over the forecast period (2024-2032)
Based on product type segmentation, Microbial Fungicide was predicted to show maximum market share in the year 2023
Based on application segmentation, Grains & Cereals was the leading type in 2023
Based on region, Asia Pacific was the leading revenue generator in 2023
The Global Microbial Pesticides Market is segmented based on Product Type, Application, Ingredient Type, and Region.
The market is divided into three categories based on product type: Microbial Fungicide, Microbial Insecticide, and Other. Microbial fungicides are in high demand among microbial pesticides. These treatments use helpful microorganisms to battle fungal infections in crops, offering a natural and sustainable alternative to typical chemical fungicides. Their performance, along with their environmental friendliness, has made them popular among farmers looking for efficient yet ecologically friendly pest control methods.
The market is divided into two categories based on application: Grains & Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Others. In the agriculture industry, there is an increasing need for microbial pesticides designed particularly for grains and cereals. These treatments target pests and diseases that are common to staple crops such as wheat, rice, maize, and barley. By leveraging the power of beneficial microorganisms, these insecticides provide farmers with an efficient and sustainable alternative to safeguard their grain and cereal crops while minimising environmental damage.
Microbial Pesticides Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Certis USA, Bayer CropScience, and Syngenta are market leaders with a comprehensive array of microbial products designed for different crops and pests. They use significant R&D efforts to create breakthrough formulations and technologies, which improve product effectiveness and environmental safety. Furthermore, smaller companies such as Marrone Bio Innovations and Valent BioSciences carve out niches with specialised microbial solutions. Intense competition drives ongoing innovation and strategic alliances as businesses strive to distinguish themselves and gain a greater portion of the developing microbial pesticides industry, which is renowned for its eco-friendly and sustainable pest management solutions.
In September 2023, Croda introduced Atlox BS-50, a delivery method designed for the increasing biopesticide sector. With the move in agriculture towards more sustainable goods, biopesticides generated from natural materials are being extensively investigated as a viable alternative.
GLOBAL MICROBIAL PESTICIDES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Bayer CropScience AG
FMC Corporation
Bio Works Inc.
Agri Life
Marrone Bio Innovations
Koppert Biological Systems
Valent Biosciences Corporation
Certis USA LLC
Sumitomo Chemical Co. Ltd
IsAgro Spa
De Sangosse
Others