Biopesticides Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Biopesticides Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Biopesticides Market size will record over 10.1% CAGR between 2024 and 2032, driven by rising integration with digital agriculture technologies, such as precision farming, drones, and IoT, for optimizing application and improving pest management efficiency. Of late, growing collaborations between research institutions, universities, and private companies are fostering innovations and the development of new biopesticide products. For example, in April 2023, Syngenta partnered with Israel-based Lavie Bio to explore as well as develop novel biopesticides. Rapid advances in biotechnology and microbial research for the introduction of more effective and targeted biopesticide products will also favor product uptake.

The industry is segmented into product, crop, form, source, application, and region.

By form, the biopesticides industry value from the dry segment will witness a lucrative growth rate through 2032. Dry biopesticides can be applied more precisely to specific areas, such as directly to the soil or on seeds to minimize waste and maximize the effectiveness of the treatment. This category of biopesticides also offers lower transportation costs as it is lighter and more concentrated than its liquid formulation counterparts.

With respect to application, the biopesticides market size from the seed treatment segment will showcase considerable expansion from 2024 to 2032. Biopesticides can protect seeds from various soil-borne and seed-borne diseases besides controlling pathogens, such as fungi, bacteria, and viruses that cause diseases like damping-off, seed rot, and root rot. They also enhance the tolerance of seeds to environmental stressors, such as drought, salinity, and extreme temperatures.

Asia Pacific biopesticides industry value will witness immense growth through 2032 led by the rise in sustainable agricultural practices through subsidies, incentives, and supportive regulations. Farmers across the region are becoming aware of the benefits of biopesticides, such as their safety, environmental friendliness, and ability to target specific pests without harming beneficial organisms. The increasing consumer preference for organic and chemical-free products will also boost the regional market growth.