Biopesticides Market Size by Product (Bioherbicides, Bioinsecticides, Biofungicides), By Application (Seed Treatment, Foliar, Soil Spray), By Crop (Grains & Oil Seeds, Fruits & Vegetables {Apple, Grapes, Potato}), By Form (Dry, Liquid), By Source (Microbi

Biopesticides Market Size by Product (Bioherbicides, Bioinsecticides, Biofungicides), By Application (Seed Treatment, Foliar, Soil Spray), By Crop (Grains & Oil Seeds, Fruits & Vegetables {Apple, Grapes, Potato}), By Form (Dry, Liquid), By Source (Microbial, Biochemical) Industry Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2030

The biopesticides market is speculated to witness sturdy growth by 2030 owing to soaring demand for organic food around the world. In addition, increasing agricultural growth, along with rising safety concerns are likely to impel market growth over the forecast period.

The COVID-19 pandemic disrupted the global supply chain and production activities due to strict lockdowns and safety protocols. Furthermore, the decline in consumer purchasing power hampered product penetration across the globe. However, relaxation in lockdowns and resumption of business operations boosted industry growth. Technological advancements in the field of biopesticides in recent years have also accelerated market progress.

For instance, a January 2022 study published in Chemical and Biological Technologies in Agriculture by the Department of Biochemistry, Kerman University of Medical Sciences, Iran, examined the shift away from conventional agrochemicals toward nano-biopesticides. The study concluded that in light of the drawbacks of natural substances, nanotechnological methods are being applied in biopesticides for the development of stable biopesticides that have long-term effects or for green synthesis of active inorganic nanomaterials.

Moreover, major players have been focusing on product innovation, technological integration, and strategic acquisitions and mergers to hold a strong position in the biopesticides market. To cite an instance, in March 2022, Marrone Bio Innovations, a bio-based pest management firm, inked a strategic merger agreement with Bioceres Crop Solutions Corp., a crop productivity solutions firm. The companies aimed to combine Bioceres’ bionutrition expertise and seed care products with MBI’s knowhow in biological crop protection solutions.

In another instance, in April 2022, Bayer Crop Science, a prominent pharmaceutical company, announced its plan to hand over its West Sacramento Biologics Research & Development site to Ginkgo Bioworks, an American biotech company. With the acquisition, Ginkgo Bioworks was set to become Bayer’s strategic partner in the latter’s work to develop biological solutions for next-generation crop protection, nitrogen optimization, and carbon sequestration.

The biopesticides market has been bifurcated in terms of crop, source, product, form, application, and region. From the crop point of reference, the biopesticides industry has been divided into fruits & vegetables and grains & oil seeds.

The fruits & vegetables segment has been further split into potatoes, grapes, and apples. The apples segment is set to witness robust growth through the review timespan. Biopesticides are advantageous for apples as they enhance plant vigor, increase fruit set in the plants, and fulfill the water requirement of the crop, which is likely to bolster segmental growth.

In the regional landscape, the Latin America biopesticides market is poised to depict sizable expansion over the study timespan. Government initiatives in the LATAM region to boost product penetration of biological protective agents in the agriculture industry are expected to propel regional growth.

Meanwhile, the Middle East & Africa biopesticides industry is anticipated to witness remarkable growth over the study period. Surging agriculture activities in countries such as Egypt, South Africa, and Saudi Arabia are foreseen to stimulate industry development in MEA through 2030.