Biopesticides Market Assessment, By Category [Biochemical Pesticides, Microbial Pesticides, Plant-Incorporated-Protectants], By Form [Solid, Liquid], By Crop Type [Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others], By Region, Opportu

Biopesticides Market Assessment, By Category [Biochemical Pesticides, Microbial Pesticides, Plant-Incorporated-Protectants], By Form [Solid, Liquid], By Crop Type [Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others], By Region, Opportunities and Forecast, 2017-2031F

Global biopesticides market is projected to witness a CAGR of 13.52% during the forecast period 2024-2031, growing from USD 4.89 billion in 2023 to USD 13.49 billion in 2031. Due to escalating demand for sustainable agriculture and awareness of the negative impacts of synthetic chemicals, the market is expanding quickly. Biopesticides that come from natural sources, such as bacteria, fungi, and plants, provide an environmentally friendly approach to pest control. Farmers and governments are drawn towards biopesticides as they are less toxic, have negligible impact on the environment, and can focus on particular pests.

Key drivers of change encompass the increasing inclination towards organic farming, tough rules regarding chemical pesticides, and enhanced customer demand for residue-free food items. Additionally, biopesticides are becoming more popular as they fit well into integrated pest management (IPM) systems that advocate for a combination of natural pest control techniques and conventional practices.

As of now, Europe dominates the market, considering it has strict rules that support market growth, and its organic farming industries are more developed than any other. On the contrary, the Asia-Pacific market is witnessing rapid growth due to an increasing agricultural sector and investment boost towards sustainable agriculture technologies.

Nevertheless, some obstacles may prevent market expansion, such as a restricted understanding of farmers residing in underdeveloped areas, inflated production expenses for these products, and a shorter lifespan compared to chemical pesticides. Notwithstanding these constraints, the global biopesticides market is anticipated to continue growing remarkably in the following years as new formulations are developed and applied.

In December 2023, Syngenta Group launched CERTANO, a biopesticide for sugarcane in Brazil. The product provides a fast-acting, long-lasting, steady action, acting as a fungicide, growth promoter, and insecticide.

Rising Demand for Organic Food Catalyzes Market Expansion

The biopesticides market is driven by increased demand among consumers for organic food. Food products without synthetic chemicals or pesticides are being more favored as people become more committed to their health. Biopesticides serve as the main strategy in organic farming since conventional pesticides do not relate to the concept, creating a rising market for these products.

The urgent need is stimulated by increased awareness of the possible health hazards related to eating traditionally produced foodstuffs with pesticide residues and intensifying concerns about environmental viability. Furthermore, buyers are increasingly ready to spend more on organic items, further motivating farmers to embrace organic farming methods.

Besides, the use of biopesticides is being promoted through government regulations and certifications such as the USDA Organic label in the United States and the EU Organic Farming standards in Europe. The global organic food industry is expected to continue expanding, hence, the demand for safe and environment-friendly insecticides such as biopesticides will rise, aiding market growth within this area.

In February 2024, Corteva Agriscience launched Enversa herbicide for use in the growing season of 2025 for sugar beets, cotton, corn, soybeans, peanuts, and sorghum. Particularly when combined with Enlist One herbicide for Enlist E3 soybeans and Enlist cotton, Enversa herbicide provides convenient handling and tank-mix compatibility.

Stringent Regulatory Policies Fuel the Market Growth

Strict regulatory policies are propelling the global biopesticides market. Governments and regulatory agencies across the globe have been introducing stricter restrictions on the employment of synthetic chemical pesticides owing to their negative impacts on human health, the environment, and biodiversity. This necessitates a gradual shift towards more sustainable and eco-friendly alternatives like biopesticides.

In areas such as North America and Europe, stringent regulations have been put in place concerning the use of harmful pesticides, such as U.S. EPA (Environmental Protection Agency) rules along with the European Union REACH framework that restricts their application. These policies advocate for safer pest control alternatives that can help reduce chemical residue levels in food and environmental pollution.

Moreover, several developing nations are intensifying their pesticide regulations and pushing for the adoption of biopesticides in sustainable agriculture practices. These changing policies are predicted to propel the global demand for biopesticides, which would motivate farmers and agriculture industry players to opt for natural pest control methods. In October 2023, to prevent and manage bed bugs in the European market, Aprehend biopesticide was introduced by Andermatt Group AG in collaboration with ConidioTec LLC. based on an oil formulation of Beauveria bassiana, a naturally occurring fungal disease that affects insects, Aprehend is a fungal biopesticide.

Fruits and Vegetables Significantly Attribute to the Market Growth

The growth of the global biopesticides market is significantly driven by fruits and vegetables. These crops are prone to pests and diseases, which results in a high demand for working solutions to eradicate them. However, as consumers want pesticides that leave little or no residues on their products, especially on fresh fruits and vegetables, biopesticide usage by farmers has been increasing.

Another important aspect is the sensitivity of fruits and vegetables to chemical residues. Consumers, especially in export markets where safety regulations are very strict, have great concerns about synthetic pesticide use, leading to chemical residue accumulation. By minimizing chemical residues and taking care of pests at the same time, biopesticides that come from natural sources provide an environmentally friendly option.

Consequently, several fruits and vegetables have brief growth periods, thus compelling the constant use of pesticides, leading to the increasing preference for biopesticides as they are less toxic. Alongside the increasing global craving for fresh, organic, and superior foodstuff, biopesticides are taking center stage in horticultural pest control strategies, hence boosting the general market expansion.

In December 2023, Biobest Group NV launched its biological product, FytoSol, to guard against Cladosporium in Moroccan tomatoes. FytoSol is an oligosaccharide complex consisting of two subcomponents, COS and OGA, and transmits a double emergency signal to tomato plant receptors.

Europe is Expected to Dominate the Market Share

Europe is anticipated to lead the global biopesticides market since its strict laws and long-standing organic farming sector drive growth. The region imposes some of the toughest restrictions regarding synthetic insecticides. For instance, the Sustainable Use Directive of the European Union was created to encourage an alternative way to use chemicals that might not be good for the environment, including biopesticides. This has forced farmers and producers in agriculture to embrace more sustainable pest control techniques. In September 2023, the ready-to-use powder delivery system for spore-forming microorganisms, called AtloxTM BS-50, was introduced by Croda International Plc. Due to its ease of use, formula creation time is decreased as the end product simply needs the inclusion of the microbe.

High consumer demand for organic and residue-free food products in Europe boosts the growth of the region's market. In countries such as Germany, France, Italy, and Spain, government incentives, subsidies, and certifications have supported a rise in organic farming, including the EU Organic label.

Moreover, Europe’s commitment to biotechnology research and development has brought advancements in biopesticide formulations that make them more effective and widely accepted. With increasing environmental awareness and the proliferation of sustainable agronomy systems, it is anticipated that Europe will continue to dominate the share of the biopesticide market globally.

Future Market Scenario (2024 – 2031F)

Prospects for future growth of the biopesticides market are going to be driven by innovations in biotechnology, including better compositions, increased shelf life, and more potent microbial strains.

With increasing consumer demand for organic, non-GMO, and residue-free products, farmers are going to be more inclined to use biopesticides in their integrated pest management systems.

Rising agricultural production, government support for eco-friendly farming practices, and increasing awareness of biopesticides’ benefits will fuel demand in emerging markets.

Key Players Landscape and Outlook

The global biopesticides market is characterized by a mix of established companies and emerging players focusing on innovation and sustainability. Large multinational companies are leveraging their resources to expand their biopesticide portfolios, often through acquisitions of smaller, specialized firms. These players are heavily investing in research and development to enhance product efficiency and broaden their applications across various crops, including fruits, vegetables, and cereals.

At the same time, smaller and regional companies are gaining traction by developing niche biopesticide products tailored to local market needs, particularly in regions such as Asia-Pacific. These companies are capitalizing on the growing demand for organic farming and residue-free products, positioning themselves as key contributors to the market's expansion.

The outlook for the biopesticides market is positive, with increasing global awareness of sustainable agriculture and stricter regulations on synthetic pesticides continuing to shape the competitive landscape. Collaborations between agricultural researchers, biotechnology firms, and regulatory bodies are expected to fuel innovation, while strategic partnerships and acquisitions will further consolidate the market. This dynamic environment will lead to more accessible and effective biopesticide solutions worldwide.

In March 2024, Certis USA L.L.C. acquired the fungicides, Howler and Theia from AgBiome, besides other multiple assets. The acquisition was aimed at enhancing the portfolio and bringing innovative solutions to agriculture.