The latest report by IMARC Group, titled “Biopesticides Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the biopesticides market forecast. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global biopesticides market size reached US$ 7.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.5 Billion by 2032, exhibiting a growth rate (CAGR) of 12.1% during 2024-2032.
Biopesticides Market Trends:
The global biopesticides market is driven by several factors, including increasing demand for organic food products, regulatory restrictions on synthetic pesticides, and growing awareness about environmental sustainability. Biopesticides, derived from natural sources such as plants, bacteria, and fungi, offer effective pest management solutions while minimizing environmental impact and preserving beneficial organisms. The rising consumer preference for organic and pesticide-free food products has spurred the adoption of biopesticides in agriculture.
These products are seen as safer alternatives to conventional pesticides, reducing residues on crops and promoting food safety. Regulatory measures aimed at reducing the use of synthetic pesticides and promoting sustainable agricultural practices also contribute to the market’s growth. Governments worldwide are imposing stricter regulations on pesticide residues in food and encouraging the use of biopesticides through subsidies and incentives. Moreover, the development of integrated pest management (IPM) practices, which emphasize the use of biopesticides alongside other pest control methods, further drives market demand.
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Biopesticides Market Scope and Growth Analysis:
The global biopesticides market encompasses a diverse range of products, including bioinsecticides, biofungicides, and bioherbicides, each tailored to control specific pests and diseases in crops. Market analysis indicates a positive growth trajectory, driven by increasing adoption in agriculture, horticulture, and forestry sectors. Bioinsecticides, which target insects and pests, dominate the market, followed by biofungicides used to control fungal diseases in crops. Bioherbicides, used for weed management, also contribute to market growth, particularly in organic farming systems. The market is characterized by the presence of both multinational corporations and small to medium-sized enterprises specializing in biopesticide production. Collaboration and partnerships between biopesticide manufacturers, research institutions, and agricultural organizations play a crucial role in product development, market expansion, and technology transfer.
Distribution channels, including agrochemical retailers, cooperatives, and online platforms, facilitate the accessibility and adoption of biopesticides among farmers. The analysis underscores the importance of sustainable agricultural practices and environmental stewardship in driving the global biopesticides market. With ongoing research and technological advancements, the market is poised for continued growth, meeting the increasing demand for safe and effective pest management solutions while promoting sustainable food production worldwide.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- BASF
- Bayer Cropscience
- Certis USA LLC
- FMC Corporation
- Isagro
- Koppert B.V.
- Marrone Bio Innovations
- Novozymes Biologicals
- Stockton (Israel) Ltd.
- Syngenta
- The Dow Chemical Company
- Valent BioSciences Corporation
Biopesticides Market Segmentation:
Our report has categorized the market based on region, product, formulation, source, mode of application and crop type.
Breakup by Product:
- Bioherbicides
- Bioinsecticides
- Biofungicides
- Others
Breakup by Formulation:
- Liquid
- Dry
Breakup by Source:
- Microbials
- Plant Extract
- Biochemicals
Breakup by Mode of Application:
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Post-Harvest
Breakup by Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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