The global biopesticides market size is expected to grow from $4.23 billion in 2021 to $5.05 billion in 2022 at a compound annual growth rate (CAGR) of 19.4%. The global biopesticide market size is then expected to grow to $9.16 billion in 2026 at a CAGR of 16.0%.
What is the Global Biopesticides Market?
The biopesticides market consists of sales of biopesticides by entities (organizations, sole traders, and partnerships) that include certain types of pesticides derived from natural materials such as animals, plants, bacteria, and certain minerals. Biopesticides are biological, natural substances that manage a wide range of agricultural pests found in forests, gardens, and farmlands. This includes plant-incorporated protectants, biochemical pesticides, and microbial pesticides.
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What drives the Global Biopesticides Market?
The rising demand for organic food is expected to propel the growth of the biopesticides market going forward. During the COVID 19, the demand for organic food has increased as buyers perceived it as healthier and good for immunity. Biopesticides are composed of toxins found in living organisms that are harmful to pests that attack plants but have no effect on the plant itself, therefore reducing soil pollution and erosion. As a result, biopesticides are used in organic crop production. For instance, according to the Healthline report, U.S. consumers spent nearly $56 billion on organic produce in the year 2020. In addition, according to the US Organic Trade Association, organic product sales reached 12.4% in 2020, surpassing $60 billion for the first time and more than twice the previous year's growth. Therefore, the rising demand for organic food will drive the growth of the biopesticides market.
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Global Biopesticides Market Segments
The global biopesticides market is segmented:
By Type: Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides, Others
By Source: Microbials, Biochemicals, Beneficial insects
By Formulation: Liquid Formulation, Dry Formulation
By Mode of Application: Seed Treatment, Soil Treatment, Foliar Spray, Others
By Geography: The regions covered in the biopesticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Biopesticides Global Market Report 2022provides market size and growth forecasts for the global biopesticides market, global biopesticides market share, biopesticides market segments and geographies, biopesticides market competitive landscape including leading competitors’ revenues, profiles and market shares. The biopesticides market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Biopesticides Industry Playersinclude BASF SE, Syngenta AG, Bayer AG, Marrone Bio Innovation, Novozymes A/S, Koppert Biological Systems, FMC Corporation, International Panaacea Ltd, Som Phytopharma India Ltd, BioWorks Inc, Valent Biosciences LLC, Andermatt Biocontrol AG, Isagro S.p.A, Certis US L.L.C, DowDuPont, The Stockton (STK) Group, InVivo Group, Vegalab S.A, Biobest Group NV, STK Bio-ag, Bionema, Corteva Agriscience, Sumitomo Chemical Co. Ltd, Omnia Holdings Limited, Amit Biotech, Agbiochem Inc, Agbitech Pty Ltd, Arbico Organics, Arysta Lifescience, and Stoller. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
