Enjoy complimentary customisation on priority with our Enterprise License!
The biopesticides market size is forecast to increase by USD 8.94 billion at a CAGR of 20.65% between 2023 and 2028. The market is experiencing significant growth due to rising awareness levels regarding the harmful effects of conventional pesticides, such as insecticides and fungicides, on the environment and human health. Biological crop protection through registered biopesticides is gaining preference in the crop protection industry as a sustainable alternative. Advances in biopesticide development, including targeted application methods like foliar segment, are driving market growth. However, challenges persist, including the lack of profitability and risks involved in producing biopesticides. Additionally, the proliferation of counterfeit and spurious biopesticides and agricultural pesticides poses a threat to market growth. The grassroots promotion and marketing of biopesticides are essential to increasing their adoption and combating these challenges.
To learn more about the biopesticides market report, Request Free Sample
The market is witnessing significant growth due to the increasing demand for smart farming. Biopesticides, derived from plants, animals, minerals, and bacteria, offer a natural alternative to synthetic pesticides in protecting crops and livestock from pests and diseases. Farming practices have evolved over the years, with a growing emphasis on healthier and more sustainable methods. Biopesticides play a crucial role in this transition, as they pose fewer risks to human health and the environment compared to synthetic pesticides. Respiratory problems, neurological damage, and allergies are some health concerns associated with synthetic pesticides.
The biopesticides business is gaining traction in various sectors, including agriculture, horticulture, and animal health. In agriculture, biopesticides are used to protect a wide range of crops, from fruits and vegetables like apples and grapes to arable land area dedicated to cereals and legumes. Biopesticides come in various forms, such as bioinsecticides, which are derived from bacteria, fungi, or other microorganisms, and foliar spray applications. These natural solutions offer effective pest control while minimizing the risk of harm to non-target organisms and the environment. The organic food industry is a significant contributor to the market. With increasing health awareness among consumers, the demand for organic food is on the rise.
Organic menus in restaurants and the growing supply chain for organic produce further boost the market's growth. The use of biopesticides in developed countries is becoming increasingly common as consumers become more conscious of the potential health risks associated with pesticides. Moreover, the environmental impact of synthetic pesticides is a significant concern, leading to a shift towards more sustainable farming practices. In conclusion, the market is poised for growth as modern farming practices evolve towards more sustainable and healthier methods. Biopesticides offer a natural alternative to synthetic pesticides, addressing concerns related to human health, the environment, and consumer preferences. The organic food industry's growth and increasing health awareness among consumers further fuel the market's expansion.
The biopesticides market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2017-2022 for the following segments.
The bioherbicides segment is estimated to witness significant growth during the forecast period. Bioherbicides are essential pesticides utilized in farming practices to eliminate and impede the development of unwanted plants, commonly referred to as weeds. Weeds are non-economic and often unsightly vegetation that can rapidly spread and negatively impact the productivity of valuable crops. In the context of organic farming and horticulture, managing weeds is a significant challenge, making bioherbicides increasingly important for sustainable agriculture. The expanding interest in organic produce has heightened the demand for bioherbicides to ensure successful crop cultivation. Bioherbicides encompass a variety of substances derived from plants, animals, minerals, and bacteria. These eco-friendly alternatives to traditional herbicides offer several advantages, including reduced risks of respiratory problems, neurological damage, and allergies for farmers and consumers.
By focusing on bio-based solutions, the agricultural industry can contribute to a healthier environment while maintaining high agricultural output on the arable land area. In summary, the use of bioherbicides is vital in addressing the challenges posed by weeds in various farming practices such as precision farming, particularly in the context of organic agriculture. These eco-friendly alternatives to conventional herbicides offer numerous benefits, including improved health and safety, reduced environmental impact, and enhanced productivity.
Get a glance at the market share of various segments. Request Free Sample
The Bioherbicides segment accounted for USD 1.42 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 31% to the growth of the global biopesticides market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions, Request Free Sample
The North American market is fueled by the ease of registration for biological pest control solutions, increasing consumer demand for organic agricultural products, and heightened concerns regarding the potential health risks associated with chemical fungicides. However, challenges persist in the form of insufficient awareness among farmers and limited availability of these products. Furthermore, the shorter shelf life of biopesticides necessitates frequent applications, which can drive up costs. As of 2021, there were approximately 2.1 million farms in the United States, according to the USDA Foreign Agricultural Service, making the demand for effective and eco-friendly crop protection solutions substantial. Biopesticides, which utilize microorganisms, culture mediums, and other biological products, are gaining traction due to their compatibility with various physiological states, temperature maintenance, and water activity levels.
The market's growth is also influenced by the ability of biopesticides to remain effective even under sunlight exposure. Microbial inoculants, a type of biopesticide, are particularly noteworthy due to their potential to reduce the reliance on chemical pesticides and minimize contamination risks.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increase in pest activities due to global warming is the key driver of biopesticides market growth. The agricultural industry faces numerous challenges due to the impact of climate change on crop productivity and sustainability. With global temperatures projected to rise by up to 6.8 degrees Celsius by 2100, agricultural zones will experience increased disease pressure and decreased crop yields. These environmental changes can lead to an increase in the damage caused by pests, as they require more nutrients to survive in the altered conditions. Herbicides and other traditional pesticides may not be effective against these new strains, and technological constraints limit the development of efficient strains with a longer shelf life. Additionally, abiotic and biotic stress factors, such as drought, extreme temperatures, and diseases, further complicate the situation.
As food demand continues to rise due to population growth, the need for sustainable and effective agricultural solutions becomes increasingly urgent. Biopesticide products offer a potential solution to these challenges, as they are derived from natural sources and can be effective against a wide range of pests. However, improper application or the use of inefficient strains can limit their effectiveness, and proper management is essential to ensure their success. The use of biopesticides can help reduce the negative impact of conventional pesticides on the environment, including soil contamination and pollution. Incorporating biopesticides into agricultural practices and vertical farming technologies is a crucial step towards sustainable farming and meeting the demands of a growing population.
Advances in biopesticide development is the upcoming trend in the biopesticides market. Biopesticides, which utilize microbial products derived from fungi, viruses, protozoa, and other natural enemies, are gaining significant attention in the agricultural industry due to their specific action against pests. The development of biopesticides relies on advanced molecular-based technologies that enable researchers to reconstruct the life cycles and behaviors of pests and their natural enemies.
By understanding the molecular basis for pathogenicity in weeds and pests, scientists can identify characteristics of receptor proteins in insects for detecting semi-chemicals, thereby enhancing the efficacy of biopesticides. This knowledge contributes to a better comprehension of ecological interactions between biopesticides and pests, ultimately leading to improved strains of natural microbial enemies and reduced environmental impact. Governments worldwide are promoting the use of biopesticides due to their eco-friendly nature and potential to mitigate resistance development in pests.
Lack of profit and risk involved is a key challenge affecting biopesticides market growth. Biopesticides, a segment of the crop protection industry, offer specific benefits for targeted pest control. These products, derived from natural sources, exhibit high selectivity levels, allowing application to particular insect or fungal species. This trait minimizes harm to non-target organisms and the environment. However, the niche market for biopesticides is characterized by high fixed costs, which may deter potential adopters. These expenses are anticipated to decrease as the technology becomes more commonplace. Early adopters of biopesticides, in contrast to those using conventional pesticides such as insecticides and fungicides, face higher initial investments.
The foliar segment of the market, which includes applications on grasses and other plants, has gained traction due to its effectiveness in controlling pests through biological means. Despite these challenges, the preference for sustainable and eco-friendly crop protection solutions continues to drive the growth of the market. However, it is crucial to ensure the authenticity of registered biopesticides to avoid the use of counterfeit or spurious products.
The biopesticides market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the biopesticides market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Andermatt Group AG - The company, a leading player in the biopesticides industry, introduces eco-friendly pest control solutions under the brand BioSolutions. Biopesticides are naturally derived from plants, animals, and microorganisms, making them a sustainable alternative to synthetic pesticides. These products effectively manage pests while minimizing environmental impact and reducing health risks.
The biopesticides market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The biopesticides business is a significant segment of the farming practices, catering to the needs of plants and animals for effective crop protection. Biopesticides are derived from minerals, bacteria, and other natural sources, offering sustainable agricultural solutions. These biological products are gaining popularity due to growing health awareness and consumer preference for organic food. Fruits and vegetables, such as apple, grapes, and potato, are common crops that benefit from biopesticides. Biopesticides come in various forms, including dry formulation and liquid formulation, and can be used for foliar spray application. Microbial and biochemical are the two main types of biopesticides.
Bioinsecticides and microbial inoculants are effective against pests, while fungal and bacterial biopesticides combat fungal diseases. The use of biopesticides offers several advantages, including minimal impact on human health and the environment. However, challenges such as technological constraints, improper strains, inefficient strains, short shelf life, and abiotic and biotic stress factors limit their widespread adoption. The agricultural output is increasing due to population growth and food demand, putting pressure on arable land area. The organic food industry is growing, with restaurants and consumers showing a preference for organic menus. Governments and regulatory bodies are promoting the use of biological crop protection through subsidies and registration of biopesticide products.
Despite these advantages, the market for biopesticides faces challenges, including counterfeit and spurious products, resistance development, and environmental impact. The crop protection industry is shifting towards biological solutions, with insecticides, fungicides, and herbicides being replaced by biopesticides. The foliar segment is expected to dominate the market due to targeted application and specific action against pests. Biopesticides offer a natural alternative to synthetic pesticides, which have been linked to respiratory problems, neurological damage, allergies, and other health issues. The use of biopesticides also reduces the risk of contamination and maintains ecological balance. Agricultural inoculation technology is a promising area of research, using microorganisms and culture mediums to enhance the physiological state of plants and maintain temperature and water activity.
The market for biopesticides is expected to grow due to increasing awareness levels, promotion and marketing efforts, and the preference for organic farming. However, the market faces challenges such as compatibility with chemical fungicides and herbicides, and the need for proper strain selection and maintenance. In conclusion, the biopesticides business is a growing segment of the farming practices, offering sustainable and effective solutions for crop protection. Biopesticides offer several advantages, including minimal impact on human health and the environment, and are gaining popularity due to increasing health awareness and consumer preference for organic food. However, challenges such as technological constraints, improper strains, and abiotic and biotic stress factors limit their widespread adoption. The market for biopesticides is expected to grow due to increasing awareness levels, promotion and marketing efforts, and the preference for organic farming.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
182 |
|
Base year |
2023 |
|
Historic period |
2017-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 20.65% |
|
Market growth 2024-2028 |
USD 8.93 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
15.57 |
|
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 31% |
|
Key countries |
US, Germany, China, UK, and India |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Andermatt Group AG, BASF SE, Bayer AG, Biobest Group NV, Bionema Ltd., Certis USA LLC, FMC Corp., Isagro Spa, Koppert, Novozymes AS, Nufarm Ltd., Phyllom BioProducts Corp., Pro Farm Group Inc., SEIPASA SA, STK Bio AG Technologies, Sumitomo Chemical Co. Ltd., Syngenta Crop Protection AG, UPL Ltd., Valent BioSciences LLC, and Vegalab SA |
|
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
|
Customization purview |
If our biopesticides market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this biopesticides market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
