Biopesticides Market
Growth Factors of Biopesticides Market
The Biopesticides Market size was valued at USD 7.54 billion in 2023 and is projected to grow from USD 8.73 billion in 2024 to USD 28.61 billion by 2032, exhibiting a CAGR of 15.99% during the forecast period of 2024-2032.
The COVID-19 pandemic disrupted the global supply chains, which includes the biopesticides market. Lockdowns and restrictions not on time manufacturing and distribution, inflicting temporary shortages. However, the accelerated focus of organic and sustainable agricultural practices in the course of the pandemic caused a surge in call for for biopesticides. With heightened fitness consciousness and the developing choice for chemical-loose produce, biopesticides received traction, in the end recuperating from the preliminary impact.
One of the trendy tendencies inside the biopesticides market is the mixture of precision agriculture technology. Farmers are adopting tools like drones, sensors, and AI-primarily based applications to optimize the utility of biopesticides, decreasing waste and improving efficiency. This trend now not simplest minimizes environmental effect but additionally guarantees centered pest control. The combination of technological advancements and eco-friendly practices is growing a powerful shift towards smarter, greater sustainable farming answers.
A main driving factor for the biopesticides marketplace is the growing client call for for organic meals. Health-aware individuals are pushing for pesticide-unfastened agricultural merchandise, encouraging farmers to switch to herbal pest manipulate methods. As natural farming continues to expand globally, the call for for biopesticides is rising. This shift is further supported via government guidelines promoting using eco-friendly insecticides, positioning biopesticides as a more secure opportunity to synthetic chemicals.
Comprehensive Analysis of Biopesticides Market
The Biopesticides Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by . By Type include Bioinsecticide, Biofungicide, Bionematicide, Others. By Source include Microbials, Biochemicals. By Mode of Application include Foliar Application, Seed Treatment, Soil Application, Others. By Crop include Cereals, Oilseeds, Fruits & Vegetables, Others.
The North America region lead the Biopesticides Market share by benefitting a market size of USD 2.76 billion Because of Countries such as the U.S., Canada, and Mexico are major global consumers of the product. Consumers in the location are an increasing number of choosing natural meals, in search of healthier options and minimizing their exposure to chemical residues.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
January 2024: UPL Limited, an Indian multinational agency, released a bioinsecticide, Tackler. The new product enables manipulate pests in diverse plants and is made from the fungus Beauveria bassiana.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 15.99% from 2024 to 2032
Segmentation By Type
- Bioinsecticide
- Biofungicide
- Bionematicide
- Others
By Source
- Microbials
- Biochemicals
By Mode of Application
- Foliar Application
- Seed Treatment
- Soil Application
- Others
By Crop
- Cereals
- Oilseeds
- Fruits & Vegetables
- Others
By Geography
- North America (By Type, Source, Mode of Application, and By Country)
- U.S. (By Mode of Application)
- Canada (By Mode of Application)
- Mexico (By Mode of Application)
- Europe (By Type, Source, Mode of Application, and By Country)
- Germany (By Mode of Application)
- France (By Mode of Application)
- Italy (By Mode of Application)
- Spain (By Mode of Application)
- U.K. (By Mode of Application)
- Russia (By Mode of Application)
- Rest of Europe (By Mode of Application)
- Asia Pacific (By Type, Source, Mode of Application, and By Country)
- China (By Mode of Application)
- India (By Mode of Application)
- Japan (By Mode of Application)
- Australia (By Mode of Application)
- Vietnam (By Mode of Application)
- Thailand (By Mode of Application)
- Malaysia (By Mode of Application)
- Rest of the Asia Pacific (By Mode of Application)
- South America (By Type, Mode of Application, and By Country)
- Brazil (By Mode of Application)
- Argentina (By Mode of Application)
- Chile (By Mode of Application)
- Rest of South America (By Mode of Application)
- Middle East & Africa (By Type, Mode of Application, and By Country)
- South Africa (By Mode of Application)
- Israel (By Mode of Application)
- Rest of the Middle East & Africa (By Mode of Application)