Biopesticides

Biopesticides

Global Biopesticides Market to Reach US$31.4 Billion by 2030

The global market for Biopesticides estimated at US$12.2 Billion in the year 2023, is expected to reach US$31.4 Billion by 2030, growing at a CAGR of 14.4% over the analysis period 2023-2030. Bioinsecticide, one of the segments analyzed in the report, is expected to record a 15.1% CAGR and reach US$16.1 Billion by the end of the analysis period. Growth in the Biofungicide segment is estimated at 14.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.3 Billion While China is Forecast to Grow at 13.3% CAGR

The Biopesticides market in the U.S. is estimated at US$3.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2030 trailing a CAGR of 13.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 13.2% and 12.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.1% CAGR.

Global Biopesticides Market - Key Trends & Drivers Summarized

What Are Biopesticides and How Are They Transforming Agricultural Practices?
Biopesticides are biological or naturally derived agents used to control agricultural pests and diseases, offering an eco-friendly alternative to synthetic chemical pesticides. They are derived from natural materials like animals, plants, bacteria, and certain minerals. Types of biopesticides include microbial pesticides, which utilize microorganisms (bacterium, fungus, virus or protozoan); biochemical pesticides, which are naturally occurring substances that control pests by non-toxic mechanisms; and plant-incorporated protectants (PIPs), which are genetic material from other species implanted into a plant. Biopesticides generally affect only the targeted pest and closely related organisms, in contrast to broad-spectrum, conventional pesticides that may affect organisms as diverse as birds, insects, and mammals.

How Are Innovations Enhancing Biopesticide Effectiveness and Adoption?
Innovation and technological advancements are driving significant improvements in the formulation and application of biopesticides, enhancing their effectiveness, stability, and ease of use. Advances in biotechnology have led to the development of more potent microbial strains with specific action against pests while being safe for non-target species. Encapsulation technologies improve the delivery and persistence of biopesticides in the environment, protecting them from degradation by UV light and extreme temperatures. Additionally, developments in integrated pest management (IPM) practices are promoting the use of biopesticides as part of a holistic approach to pest control that combines biological, physical, and chemical tools in a way that minimizes economic, health, and environmental risks.

What Are the Emerging Trends in the Biopesticides Industry?
The biopesticides industry is witnessing several emerging trends that are shaping its growth and development. There is a significant shift towards sustainable agriculture practices that prioritize environmental health and safety, driving the demand for biopesticides. Regulatory agencies worldwide are also increasingly supporting the use of bio-based products; for instance, the registration process for biopesticides is often simpler and faster compared to chemical pesticides, encouraging more companies to enter the market. Another trend is the growing consumer preference for organic produce, which requires the use of pest control methods that are organic certified, including many biopesticides. Additionally, the rise of precision farming and the use of drones for precise application are optimizing the delivery of biopesticides, increasing their efficacy and appeal to farmers.

What Drives the Growth of the Biopesticides Market?
The growth in the biopesticides market is driven by several factors, reflecting shifts in agricultural practices, regulatory landscapes, and consumer preferences. Increasing environmental concerns and the push for sustainable agricultural inputs are major drivers, as biopesticides typically offer lower toxicity levels and reduced environmental impact compared to conventional pesticides. Advances in scientific research that enhance the efficacy and cost-effectiveness of biopesticides also contribute to market expansion. Furthermore, growing consumer awareness of the health and environmental impacts of synthetic chemicals is increasing demand for organically produced foods, which in turn fuels the need for biopesticides. Additionally, supportive government policies and subsidies aimed at reducing chemical pesticide use act as catalysts for the adoption of biopesticides.

Select Competitors (Total 18 Featured) -

• AgBiTech Pty Ltd.
• Agrauxine SA
• AgrichemBio
• Andermatt Biocontrol AG
• BASF SE
• Bayer CropScience AG
• BioWorks, Inc.
• Certis USA LLC
• Dow AgroSciences LLC
• Environmental Crop Management Limited
• FUTURECO BIOSCIENCE S.A.
• Invivo
• Isagro SpA
• Koppert B.V.
• Lallemand Inc.
• LAM International Corp.
• Marrone Bio Innovations, Inc.
• stk bio-ag technologies
• Stoller
• Syngenta AG
• Valent BioSciences Corporation

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