Biopesticides Market Research, 2031
The global biopesticides market size was valued at $8,737.8 million in 2021, and is projected to reach $33,638.9 million by 2031, registering a CAGR of 13.9% from 2022 to 2031.
Biopesticides are essentially microbial toxins that can be defined as a biological poison derived from a microorganism, such as a bacterium or a fungus. Pathogenesis by microbial entomopathogens occurs by the invasion of the pathogen through the gut of the insect followed by its multiplication, resulting in the death of the insect.
Key Takeaways
On the basis of biopesticides market analysis for region, Asia-Pacific accounted for the largest revenue share of the global market, registering a significant CAGR from 2022 to 2031, followed by North America.
On the basis of market trends in 2021, the orchards crop type segment accounted for majority share, and is expected to grow at the highest rate.
North America is anticipated to grow at the highest CAGR of 13.8% from 2022 to 2031 in the market forecast period.
In 2021, the U.S. generated the highest revenue, accounting for approximately more than one-fourth share of the global market.
Brazil is anticipated to grow at a significant CAGR of 15.4% during the forecast period.
Market Dynamics
The growing preference for organic food drives the biopesticides market since these products are required for sustainable and organic agricultural techniques. Consumers increasingly prioritize health-conscious options and ecologically friendly alternatives, encouraging farmers to use biopesticides as a safer and more environmentally friendly pest management solution. This trend is bolstered by severe controls on chemical-based pesticides and growing awareness of their negative impacts on health and the environment, making biopesticides the preferred option in the agricultural industry.
High manufacturing costs and short shelf life are important barriers to expanding the biopesticides industry. Biopesticides tend to require additional sophisticated production procedures and greater raw material prices than typical chemical-based pesticides, making them a greater expense for farmers. Furthermore, their reduced shelf life and susceptibility to environmental conditions like temperature and humidity complicate storage and transportation, restricting their broad use. These issues provide impediments to market penetration, particularly in areas with underdeveloped agricultural infrastructure.
Segment Overview
The biopesticides market is segmented on the basis of product type, formulation, crop type, and region. On the basis of product type, the market is segmented into microbial, predators, and others. By formulation, the market is segmented into dry form and liquid form. On the basis of corn type, the market is segmented into orchards, grazing & dry land, and field crops. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Russia, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, and rest of LAMEA).
By Product Type
According to biopesticides market trends, on the basis of product type, the microbial segment dominated the global market in 2021 and is expected to be dominant during the biopesticides market forecast period. The microbial segment is expected to grow with a CAGR of 13.8%. Microbial biopesticides have gained popularity that has increased substantially in recent years, as extensive usage of the types of microbial biopesticides has enhanced the crop quality and had helped to save from foreign attack of bacteria, fungus, and other contaminants.
By Formulation
On the basis of formulation, the dry form segment dominated the global market in 2021. Dry form of biopesticides is the most common form available in the market. The dry form is useful to the user since it allows for several uses. Dry biopesticides can be applied directly to crops or blended in a solution to be applied as a spray. The dual application of dry biopesticides has grown in favor among users.
By Crop Type
According to the biopesticides market growth, by crop type, the orchard segment was the segment in which the biopesticides are used the most for protecting the crop from foreign contaminants. Orchards are the crop that is most vulnerable for getting spoiled by pest and insects. Therefore the usages of biopesticides on orchards are the most. The emerging economies, such as India and China, have witnessed significant adoption of orchard farming due to which the use of biopesticides have increased in their regions.
By Region
Region wise, Asia-Pacific dominated the biopesticides market in 2021, and is expected to be dominant during the forecast period. The dominance in the market is largely due to existence of agricultural operations in Asia-Pacific region, and the availability of several variants of microbial and predator biopesticides for different pest, insects and contaminants that are preferred by the users for safeguarding their crops. Increase in demand for biopesticides in the agricultural sector of Asia-Pacific drives the growth of the biopesticides products.
Competition Analysis
The players operating in the global biopesticides market have adopted various developmental strategies to expand their biopesticides market share, increase profitability, and remain competitive in the market. The key players profiled in this report include AgBioChem, Inc., AgBiTech Pty Ltd., Ajay Bio-Tech Ltd., Amit Biotech Pvt. Ltd., Andermatt Biocontrol AG, Arizona Biological Control, Inc., BASF SE, Bayer AG, Kemin Industries, and Novozymes A/S.
KEY BENEFITS FOR STAKEHOLDERS
The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2022-2031 to identify the prevailing opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis and the market size and segmentation assist to determine the prevailing biopesticides market opportunities.
The major countries in each region are mapped according to their revenue contribution to the market.
The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry.
Biopesticides Market Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Formulation |
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 By Crop Type |
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 By Region |
|
 Key Market Players | Novozymes A/S, BASF SE, kemin industries, Amit Biotech Pvt. Ltd., Arizona Biological Control, Inc., Andermatt Biocontrol AG, AgBiTech Pty Ltd., AgBioChem, Inc., Ajay Bio-Tech Ltd., Bayer AG |
Analyst Review
The biopesticides market is expected to grow at the highest rate, owing to increase in adoption, specifically in emerging countries, such as China, India, Japan, and Korea. Moreover, the production cost of biopesticides is relatively low in Asia-Pacific compared to other regions.
Several advantages that boost the growth of the global biopesticides market during the forecast period are reduced environmental damage, targeted action, the necessity for smaller amounts for effective coverage, and quicker decomposition. Furthermore, the popularity of biopesticides increased substantially in recent years, owing to extensive research. In addition, the techniques for mass production, storage, transport, and application of biopesticides have improved in recent years and are anticipated to provide lucrative opportunities in the future.
However, factors such as lack of profit from niche market products, for example, bioinsecticides based on baculoviruses, including the Cydia pomonella granulosis virus (CpGV), typically are selective for just one or a few species of insect. These are expected to hamper the market growth.
A recent trend that has gained traction in the global biopesticides market is the growth in public concern over the potential health hazards of synthetic pesticides and the steep increase in the cost of cultivation leading to the exploration of eco-friendly pest management tactics that includes Integrated Pest Management (IPM).
The global biopesticides market size was valued at $8,737.8 million in 2021, and is estimated to reach $33,638.9 million by 2031, registering a CAGR of 13.9% from 2022 to 2031.
The global biopesticides market registered a CAGR of 13.9% from 2022 to 2031.
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The forecast period in the biopesticides market report is from 2022 to 2031.
The top companies that hold the market share in biopesticides market include Arizona Biological Control, Inc., BASF SE, Bayer AG, Kemin Industries, and Novozymes A/S.
The biopesticides market report has 3 segments. The segments are product type, formulation, and crop type.
The emerging countries in the biopesticides market is likely to grow at a CAGR of more than 16.5% from 2022 to 2031.
Asia-Pacific will dominate the biopesticides market by the end of 2031.
Post COVID-19, the ease of lockdown, reopening of state, country, and international borders have solved the problem of labor shortages. On the other hand, consumer demand for crops and grains is growing, which will drive up sales of biopesticides as farming continues to meet demand.
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