The ‘Global Biopesticides Market Size, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global biopesticides market, assessing the market on the basis of its segments like sources, types, formulations, modes of action, crop types, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Biopesticides Market Share, Size, Trends, Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 8.3%
Some of the key biopesticides market trends include the growing concerns regarding pollution, the introduction of stringent government regulations aimed at reducing the use of synthetic pesticides, and the rising awareness regarding the harmful effects of conventional pesticides.
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As chemical-based pesticides can result in the development of resistance in the pest population, secondary pest outbreaks, and lower biodiversity, the usage of biopesticides is rising. Biopesticides also replicate targeted hosts, which is bolstering their usage in plant disease management and integrated pest management applications.
There is a growing awareness regarding the safe, cost-effective, and sustainable benefits of biopesticides. With an increasing focus on food security amid the growing population levels, the use of biopesticides to enhance agricultural yield is likely to rise in the forecast period.
Biopesticides Industry Definition and Major Segments
Biopesticides refer to biological substances that are derived from natural materials, including minerals, plants, bacteria, and animals. They are less toxic than chemical pesticides and are safer and more economical than conventional pesticides.
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The market, on the basis of source, is categorised into:
- Microbials
- Biochemicals
- Beneficial Insects
Based on type, the market is divided into:
- Bioinsecticides
- Biofungicides
- Bioherbicides
- Bionematicides
- Others
By formulation, the market is bifurcated into:
- Liquid
- Dry
On the basis of mode of action, the market is segmented into:
- Foliar Application
- Seed Treatment
- Soil Treatment
- Post-Harvest
The various crop types in the market are:
- Cereals and Grains
- Oilseeds and Pulps
- Fruits and Vegetables
- Others
The major regional markets of biopesticides include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Biopesticides Market Trends
The growing adoption of sustainable agricultural practices among farmers is stimulating the demand for biopesticides. Besides, the biopesticides market growth can be attributed to the rising demand for organic produce and the surging cost-effectiveness of biological pesticides.
There is a rising deployment of nanotechnology in producing biopesticides with enhanced stability of active agents, favourable safety profiles, and increased activity on target pests. In addition, the potential of nano-biopesticides to protect microbial diversity and reduce pesticide usage is anticipated to favour the market in the coming years.
Increasing research activities aimed at determining the precise applications of biopesticides by utilising data collected from drone-based systems and sensors are anticipated to fuel the market. Technological advancements and innovations in genomics, biochemistry, genetics, and molecular biology, among others, are also likely to support the biopesticides market development in the forecast period.
Key Market Players
The major players in the biopesticides market report are:
- Bayer AG
- Certis USA L.L.C.
- Marrone Bio Innovations Inc
- Andermatt Biocontrol AG
- BASF SE
- Syngenta Crop Protection AG
- Others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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