Global Biopesticides Market Overview

Global Biopesticides Market Size Was Valued at USD 4.69 Billion in 2023, and is Projected to Reach USD 13.43 Billion by 2032, Growing at a CAGR of 12.4% From 2024-2032.

Biopesticides, derived from natural sources like animals, plants, bacteria, and minerals, represent a safer, eco-friendly alternative to synthetic pesticides. They find widespread application in agriculture, forestry, aquaculture, and public health, offering targeted pest control while minimizing harm to non-target organisms and ecosystems. With various application methods and end-users ranging from farmers to consumers, biopesticides play a pivotal role in sustainable pest management, aligning with organic farming practices and regulatory standards.

While biopesticides boast advantages such as low toxicity, target specificity, and reduced residue levels, they also pose challenges like slower action and variability in efficacy. Despite these limitations, their role in promoting sustainable agriculture and mitigating environmental impacts underscores their significance in modern pest control strategies.

Market Dynamics and Factors of Biopesticides Market

Drivers:

The simplicity of registration for manufacturing biopesticide which leads to creating new windows for producers as health consciousness and awareness is growing among people, the attentiveness towards the use of harmful pesticides and chemicals in agricultural commodities is also rising. Therefore, producers are targeting biopesticides and natural ingredients for farmers. Governments and regulatory bodies are also taking lead for the accessibility of natural and organic food commodities, and allowing the usage of biopesticides in agricultural practices. Due to these, producers of biopesticides are getting easy registration for their products in almost every country. The process of biopesticides registration is easier and more elastic than that of synthetic pesticides.

Demand for organic products and growing population accelerating the growth of the biopesticides market. According to the US environmental protection agency, by 2050 the world population will reach 9.7 billion, and 60% of the population will live in the urban region. To feed this rising population, the production of agricultural goods required to be increased sustainably without injuring the environment or land. Areas such as the Asia Pacific and Latin America have the largest population with basic demand for agricultural goods such as grains, vegetables, cereals, fruits, and others in their daily routine. The agricultural industry acts an important role in the food sector. Food demand affects the demand for agricultural products, which is improving the growth of the biopesticides market.

Increasing organic farming systems and targeting environmental sustainability which leads to organic movement is trending all across the globe. Organic farming is one of the operations or practices of this movement. Rising crops and vegetables with organic techniques supply a more nutritional and healthier lifestyle to consumers. Organic farming is done without the application of any chemical pesticides and fertilizers on crops and helps them grow organically. In organic farming, instead of chemical pesticides, biopesticides are used to control pests against crops and vegetables.

Restraints:

Technological restriction for the usage of biological products restraint the biopesticides market. Biological products have a very few shelf life and a high probability of contamination. The other harmful parameters include exposure to culture mediums, sunlight, the physiological state of microorganisms when harvested, temperature maintenance while storage, and water activity of inoculants that influence their shelf life. Another issue with the application of microbial inoculants in the soil is their similarity with other agricultural products, such as chemical fungicides and herbicides.

Opportunities:

Soil treatment operations producing massive opportunities for the biopesticides market to rise production and earn more profits, growers are using more synthetic pesticides and chemicals on soil, which results in soil damage and loss. Owing to these operations, the soil is losing its productivity, and farmers are experiencing several issues. It takes nature a long period to restore 25mm of lost soil. Biopesticides treat and control plants and crops without harming the soil. In the emerged nations, soil treatment biopesticides are easily accepted by regulatory bodies due to their positive characteristics and better functionality as compared to chemical pesticides. Emerging economies have massive potential, and they can create lucrative opportunities shortly in the biopesticides market. Because of this, the soil treatment and management category can enhance the growth of the biopesticides market.

Market Segmentation

Segmentation Analysis of Biopesticides Market:

Based on the Product Type, the bioinsecticides segment is expected to hold the maximum share in the market during the forecast period. Growth in the rising pest resistance and renewal of crops is leading to the affectation of sustainable solutions such as bioinsecticides. Many insect pests are observed to damage the growth of the plant and also damage the crops post-harvest or in storage, resulting in crop loss. The marketability of the crops is also declined to owe to the infestation caused by insect pests. Hence, bioinsecticides that do not influence natural enemies of pests, do not contaminate the environment, or leave residues in the products are dominating the market.

Based on the Source, microbial pesticides dominate the global biopesticides market due to the effective substitutes for places where the use of traditional pesticides is prohibited. These places majorly include streams and lake borders of watersheds, urban & recreational areas, and schools in agricultural settings. The key microbial sources such as bacteria, viruses, yeast, and fungi, protozoa.

Based on Formulation, liquid formulation dominates the market owing to its advantages over the dry formulation in supplying boosted field performance with decreased changes of nozzle blockage. Furthermore, the ease in applicability and uniform application may help the segment share over the forecast period.

Based on the Crop Type, the fruits & vegetable segment is expected to be the highest growing segment in the biopesticides market over the projected frame line. With the shift in eating habits, farmers are influenced to switch to adopt a sustainable method of farming. Fruit & vegetable cultivation needs more investment, and with the massive infestation of fruits & vegetables both in open fields and greenhouses, the demand for biopesticides is growing. Also, to accomplish the export demand for residue-free crops, farmers are executing the applications of biopesticide in combination with conventional chemicals. The trend in the utilization of organic crops is also hastening the farmers to use biopesticides.

Based on Mode of Application, foliar spray accounted for the maximum share in the market because the foliar sprays include the application of microbial pesticides directly on the leaves to control the insects and mites. It is a beneficial tool to manage pests in a short term. The foliar application supplies a quick means of correcting pest attacks, when visible on the plant. When soil conditions are critical, foliar applications are desirable to supply control pests. The ease of application of foliar spray is also one of the major drivers for the development in the biopesticides market.

Regional Analysis of Biopesticides Market:

The North American region accounted for the maximum share of the global market over the forecast period. The US is one of the leading economies for the export of different fruits and vegetables. The demand to accomplish international export standards is demanding the farmers to acquire biological crop protection inputs. The growth in consumer demand for organic-based food awareness about residue levels in foods is also turning farmers to acquire biopesticides in this region. The region is being the presence of leading biopesticide produces have leads the research on biological crop protection products.

The Asia-Pacific biopesticides market is expected to register a maximum share over the forecast period. The regional market growth depends on the requirement for land productivity of agricultural farms while keeping soil health intact. The need for high crop productivity and production with high quality, evolving agricultural operations, and precision farming have been turning the market growth for biopesticides in the region. The region is encouraging the application of microbial pesticides, as opposed to chemical fertilizer and pesticides, to balance the agricultural sector development required to sustain its large-scale production.

The market in Europe is expected to register the highest CAGR during the forecast timeline mainly owing to rising demand for food safety and quality, growing consumer demand for organic products, thus motivating organic farming operations, and increasing government initiatives in stimulating biocontrol products.

Players Covered in Biopesticides Market are:

• Andermatt Biocontrol AG (Switzerland)
• Nufarm (Australia)
• Bayer AG (Germany)
• Som Phytopharma India Ltd (India)
• Valent Biosciences LLC (US)
• Marrone Bio Innovation (US)
• Novozymes A/S (Denmark)
• UPL Ltd (India)
• Koppert Biological Systems (Netherlands)
• Vegalab S.A (US)
• Biobest Group NV (Belgium)
• Syngenta AG (Switzerland)
• STK Bio-ag (Israel)
• Bionema (US)
• Certis US L.L.C (US)
• International Panacea Ltd (India)
• BASF SE (Germany)
• BioWorks Inc. (the US)
• Isagro S.p.An (Italy)
• FMC Corporation (US) and other major players.

Key Industry Developments In Biopesticides Market

• In September 2023, Croda unveils Atlox™ BS-50, marking its foray into the biopesticide market. This innovative delivery system caters to the needs of sustainable agriculture by providing an optimal environment for spore forming microbes. With Atlox BS-50, Croda aims to streamline formulation development while ensuring performance and viability, contributing to a more eco-friendly future in agriculture.
• In January 2023, Sumitomo Chemical is set to acquire FBSciences Holdings, Inc., a U.S. biostimulant company, to bolster its biorationals business. This move aligns with the growing demand for environmentally friendly crop protection solutions, with biorationals valued at $10 billion globally. Biostimulants, a key component, enhance crop resilience, nutrient uptake, and overall yield, contributing to sustainable agriculture practices.