Biopesticides Market Forecasts to 2028 – Global Analysis By Product (Biofungicide, Bioherbicide and Other Products), Formulation (Dry Formulation and Liquid Formulation), Crop Type (Cereals & Grains, Fruits & Vegetables and Other Crop Types), Source (Bioc

Biopesticides Market Forecasts to 2028 – Global Analysis By Product (Biofungicide, Bioherbicide and Other Products), Formulation (Dry Formulation and Liquid Formulation), Crop Type (Cereals & Grains, Fruits & Vegetables and Other Crop Types), Source (Biochemicals and Microbials), Mode of Application and By Geography

According tStratistics MRC, the Global Biopesticides Market is accounted for $5.32 billion in 2022 and is expected treach $13.39 billion by 2028 growing at a CAGR of 16.6% during the forecast period. Biopesticides are pesticides derived from natural sources such as plants, animals, and microorganisms (biopesticides). Biopesticides are used in agricultural practises tmanage insects, diseases, weeds, nematodes, and other pests, as well as timprove plant health and productivity. Non-target creatures, such as wildlife and beneficial insects, are not harmed by biopesticides. Biopesticides are replacing synthetic pesticides in many crops, which have a huge impact on agricultural and sustainability practises.

According tSurveys, organic farming is practised in 181 countries, and as of the end of 2017, 69.8 million hectares were under organic management, a 20 percent increase over 2016 of 11.7 million hectares, the highest increase ever noted.

Market Dynamics:

Driver:

Ever-rising demand for organic food

Organic farming is increasingly being marketed as a superior option tconventional farming in terms of lowering total environmental impact. The optimistic growth trajectory of organic agriculture is predicted tpromote future growth of biopesticides due tstronger demand dynamics for natural plant protection solutions. The government's and other stakeholders' significant emphasis on organic and sustainable agricultural methods has raised acceptability of bio-based crop protection agents.

Restraint:

Sub-optimal commercialization of product

The product's low adoption rate in developing countries compared tchemical agri-inputs may limit market expansion. The traditional and conventional agri-inputs industry is well-structured on a worldwide scale, with leading heavyweights prominently present. Yet, the biopesticides area is characterised by multiple start-ups that struggle with significant funding, appropriate infrastructure, and market penetration. These tiny players' R&D activities alsfail tunderstand the demand dynamics of a certain location, which might further limit market expansion.

Opportunity:

Phase-out of key chemical active ingredients

The use of synthetic pesticides has caused extensive and pervasive environmental damage. As a result, numerous government agencies have banned or limited the use of certain active chemical compounds in order tavoid their negative impact on the environment and human and animal health. Some countries and government entities are extremely supportive and provide grants tleverage the use of bio-based crop protection agents treduce the environmental impact of pesticides. The growing concern about the use of chemical pesticides is projected tboost sales of alternate sustainable solutions, such as biopesticides.

Threat:

Lack of awareness of biopesticides

Lack of awareness about the use of biopesticides is a significant barrier tmarket expansion. The main issue for pesticide makers is a lack of understanding among growers about the use and benefits of biopesticides. Farmers in emerging economies are frequently misinformed about the proper application of pesticides ttheir crops, which can result in incorrect pesticide selection or application in terms of amount, security, or frequency. As a result, these variables are likely thave a negative influence on the global economy throughout the projection period.

Covid-19 Impact

The rapid spread of the corona virus pandemic is disrupting the worldwide market as governments impose lockdowns and restrict the movement of their citizens. The logistical and economic effects of the epidemic continue tpose a challenge tthe worldwide economy. Yet, the effects vary per ma rket and are not always bad. For example, the temporary shutdown of Chinese biopesticide production plants can assist producers in India, Europe, and North America in filling the hole and increasing order intakes. However, supply chain disruptions have made it difficult for some businesses tget raw materials; in particular, those reliant on Chinese raw supplies are anticipated texperience serious logistical difficulties.

The bioinsecticides segment is expected tbe the largest during the forecast period

The bioinsecticides segment is estimated thave a lucrative growth. Bioinsecticides are being more commonly employed as a result of increased pest resistance and a rebound in agricultural production. Several insect pests are known timpair plant growth as well as crops after harvest or while in storage, resulting in agricultural loss. Insect pest infestation reduces agricultural marketability as well. The demand for alternate pest management measures is being driven by regulatory bans and the phase-out of critical active components. As a result, bioinsecticides, which dnot kill bugs' natural enemies, contaminate the environment, or leave residues in goods, dominate the market.

The foliar spray segment is expected thave the highest CAGR during the forecast period

The foliar spray segment is anticipated twitness the fastest CAGR growth during the forecast period. Farmers typically use foliar spray because it aids in pest management in the afflicted sections of the plant. It is regarded tbe more effective because it is easy tuse and safe tuse. Because of increased mechanisation in agriculture, such as aerial spraying of crop protection agents utilising aeroplanes and drones, the market for foliar spray methods of application is expanding. Foliar spray treatment is alsa simple strategy that can be used ttreat specific plant diseases and deficiencies both curatively and preventively.

Region with highest share:

North America is projected thold the largest market share during the forecast period owing tstringent rules and regulations regarding the usage of synthetic crop protection chemicals tprotect the environment from hazardous effects. The rigorous search for greener crop inputs is pushing product sales in the regional marketplace. Furthermore, the strong emphasis on using microbe-based insecticides for yield enhancement and pest-resistance advancements is projected tpositively impact market growth and product demand.

Region with highest CAGR:

Europe is projected thave the highest CAGR over the forecast period, due tthe growing demand for food safety and quality, increasing consumer demand for organic products, thus encouraging organic farming practices, and rising government initiatives in promoting biocontrol products. Among the European nations, France is one of the fastest-growing users. The government has adopted an efficient regulatory framework and drug approval system, which promoted the rapid development of the market.

Key players in the market

Some of the key players profiled in the Biopesticides Market include Som Phytopharma India Ltd, Novozymes A/S, BASF SE, Biobest Group NV, Syngenta AG, Certis USA L.L.C, Nufarm, Valent Biosciences LLC, Marrone Biinnovations, FMC Corporation, Andermatt Biocontol AG, International Panaacea Ltd, Koppert B.V., Gowan Company, LLC. and The Dow Chemical Company

Key Developments:

In January 2022, Syngenta Crop Protection AG announced the acquisition of twnext-generation bioinsecticides, NemaTrident and UniSpore, from leading biocontrol technology developer Bionema Limited.

In March 2021, Bayer AG announced the launch of Vynyty Citrus, a new biological and pheromone-based crop protection product tcontrol pests on citrus farms.

Products Covered:
• Biofungicide
• Bioherbicide
• Bioinsecticide
• Bionematicide
• Other Products

Formulations Covered:
• Dry Formulation
• Liquid Formulation

Crop Types Covered:
• Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
• Other Crop Types

Sources Covered:
• Biochemicals
• Microbials

Applications Covered:
• Root Treatment
• Seed Treatment
• Soil Treatment
• Post-Harvest
• Foliar Spray
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements