Global Biopesticides Market Size, Share, Growth Analysis, By Type, By Source, By Application, By Crop Type, By formulation - Industry Forecast 2023-2030

Biopesticides Market size was valued at USD 5.61 billion in 2021 and is poised to grow from USD 6.51 billion in 2022 to USD 18.15 billion by 2030, growing at a CAGR of 15.77% in the forecast period (2023-2030).

Biopesticides are pesticides made from natural sources such plants, animals, microbes, and minerals. Examples of biopesticides include natural compounds (biochemical pesticides), microorganisms (microbial pesticides), and biochemical plant growth regulators. Biopesticides are used in agricultural practises to manage weeds, nematodes, insects, diseases, and nematode populations as well as to improve plant health and productivity. Biopesticides don't affect non-target organisms like beneficial insects and wildlife.

Numerous biopesticides are also biodegradable. They swiftly degrade and don't harm groundwater or surface water. Small doses of biopesticides are frequently effective, eliminating worries about pollution. Plants and crops are typically treated with biopesticides. Biopesticides are replacing synthetic pesticides in many crops, and they are essential to sustainable farming methods. Because they enable crops to flourish without the use of chemicals or synthetic treatments and are safe for people and livestock, biopesticides are the finest long-term crop protection alternatives. In agriculture, biopesticides are becoming more and more common, and their demand is anticipated to soar.

The global market for biological pesticides is growing as a result of the increasing demand for organic food and agricultural practises. Consumers are supporting alternatives to chemical-based production, pushing farmers to embrace organic farming practises, and increasing demand for biopesticides as they become more aware of the chemicals used in food production and the possible dangers of chemical residue on food.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Biopesticides Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

The global biopesticides market is segmented based on formulation, type, source, application, crop type, and region. Based on formulation, the market is segmented into dry and liquid. Based Type market is categorized into Bioinsecticide, Biofungicides, Bionematicide, and Bioherbicides. Based Source market is categorized into Microbials, Biochemical and Beneficial insects. By Application it is segmented Soil Treatment, Seed Treatment, Foliar spray and others. Based on crop market is categorized in Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Others. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.

Driver

In terms of minimising overall environmental impact, organic farming is being marketed as a superior substitute for conventional farming. Future growth of biopesticides is anticipated to be aided by the optimistic growth trajectory of organic agriculture, which is likely to increase demand for natural plant protection solutions. The great focus placed by the government and other stakeholders on organic and sustainable farming practises has increased support for bio-based crop protection agents.

Synthetic pesticide use has caused extensive and pervasive environmental harm. Therefore, in order to prevent their detrimental effects on the environment, human health, and animal health, a number of governmental organisations have prohibited or restricted the use of specific chemical active components. Many governments and government organisations are very supportive and are contributing money to increase the usage of biopesticides to lessen the environmental impact of pesticides. Sales of alternative sustainable solutions like bio-based crop protection chemicals are anticipated to increase as a result of the growing concern regarding the usage of chemical pesticides.

Restraint

When compared to chemical agri-inputs, the product's low adoption rate in developing countries may be a market growth constraint. On a global basis, the traditional and conventional agri-inputs market is tightly organised, with significant giants being strongly represented. The biopesticides market, on the other hand, is characterised by a number of start-ups that are competing for adequate finance, suitable infrastructure, and market penetration. The R&D efforts of these tiny players also frequently miss the regional demand dynamics, which can restrain market expansion.

Market Trends

Although the weather is unpredictable, microorganisms are anticipated to become a low-cost, high-yielding input. To help maximise acre production, efforts are being made to extend biopesticides and strain augmentation with rising investments from the institutional sector and venture capital. In the upcoming years, market expansion is anticipated to be supported by the continuous research on the creation of novel microbial products.

Due to factors including the ban on chemical pesticides in major nations due to poor soil conditions, extended farm practises, and increased concern about residue levels in food products, there is a large scope and demand for biopesticide products. Fruits, vegetables, cereals, grains, oilseeds, and pulses are the main agricultural commodities that biopesticides are utilised on. The need for biopesticides to manage pests in amusement parks, theme parks, and golf courses has grown in recent years.

Site-specific pesticides have been able to safeguard crops throughout the past few decades. On the other hand, pests that are caused by plant pathogens, bacteria, fungus, and insects are becoming resistant to pesticides and are able to adapt to crop protection agents through mutations, leading to decreased efficacy and pest recurrence.