Global Biopesticides Market Overview
Biopesticides is a promising market, growing at a double-digit rate every year. It is the fastest-growing segment in crop protection. Demand for biopesticides increases with the combination of factors, including expanding global population, shrinking arable land, increasing pest attack on plants and crops, growing need to produce more food more sustainably, and escalating participation in research and development. Biopesticides are organic pest control prepared using organic or naturally occurring substances, such as plants, microbes, and biochemical. Biopesticides are less toxic and highly efficient than conventionally used synthetic pesticides. It offers the potential for higher crop yields and quality than chemical-based pesticides. Added benefits involve residue and resistance management, shorter field re-entry, biodegradability, and low risk to beneficials, including honeybees.
According to Value Market Research, the global biopesticides market size was valued at about USD 4.4 billion in 2020 and is estimated to grow at a CAGR of around 15 % during the forecast period 2021 to 2027.
Transforming the agriculture sector, the rising trend of organic farming practices, growing awareness among farmers about the adverse effect on the environment of using synthetic pesticides and other agricultural additives, and shifting consumer preference towards organic food is propelling the market for biopesticides. Besides this, increased participation, agricultural sciences innovations, and favorable government support to promote sustainable farming practices stimulate demand growth. However, the main challenge market-facing is the cost structure. Biopesticides stand out as costly compared to chemical-based pesticides, hindering their wide adoption among farming practitioners. However, if benefits are compared, biopesticides are more cost-effective.
The global biopesticides market is partially fragmented. Large agrochemical companies have become involved in biopesticides mainly through acquisitions and merger strategies. Scientists are looking for more and better natural active ingredients and products to compete with and complement conventional chemical pesticides. BASF SE, Bayer AG, Biobest Group NV, Certis USA, Novozymes A/S, Marrone Bio innovations, Syngenta AG, Nufarm, Som Phytopharma India Ltd, Valent Biosciences LLC, and BioWorks, Inc, are key players operating in the global biopesticides market.
In this research report, the biopesticides market is segmented by type, source, mode of application, crop type, formulation, and region.
Analysis, By Type
Based on type, the market is segmented into bioinsecticide, biofungicides, bionematicides, bioherbicides, and others. Bioinsecticide stands out as a dominant type segment in the global biopesticides market. Crops and plants are more likely to get attacked by an insect than fungus, nematodes, and others, leading to increased bioinsecticide use. The rise in crop losses due to insect infestation and more research on bringing effective and cost-effective bioinsecticides drive the segment growth. Severe infestation leads to curling of leaves, stunted growth, and gradual drying and death of young plants. Bio fungicides are the second leading segment of the market. Increasing incidences of fungal plant leaf diseases causing yield and commercial crop losses and diminished crop quality augments bio fungicides segment growth.
Analysis, By Source
By source, the market is fragmented into microbial, biochemical, and beneficial insects. Microbials are the most promising market segment, estimated to grow faster during the forecast period. Microorganisms, such as bacteria, fungi, viruses, or protozoans, form the active ingredient in microbial pesticides. Microbial biopesticides have a relatively lower residue level and are a perfect fit for the treatment. The segment is witnessing many discoveries; recent academic and industrial efforts have led to discovering new microbial species and strains. An updated representation of the current knowledge on microbial biopesticides and the flourishing availability of active substances are fuelling segment growth.
Analysis, By Mode of Application
By mode of application, the market is segmented into foliar spray, soil treatment, seed treatment, and others. The foliar spray segment accounted for the highest share in the global biopesticide market. Foliar spray is considered an effective crop protection strategy due to its impressive results and more eco-friendly nature. It is known to cause improved increase yield, resist diseases and insect pests, drought tolerance, and enhanced crop quality. The foliar application offers specific benefits over other methods that limit roots absorptions and area effectiveness and prevent blending to the soil.
Analysis, By Crop Type
By crop type, the market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Among application areas, fruit and vegetables held the most significant share. The pests are more likely to attack fruits and vegetables, hence a higher chance of using them. Cereals & grains is the second largest crop type segment. Increasing global population, demand for food safety and quality, and strict rules and regulations to ensure that the consumers are getting safe and healthy food drive the segment growth during the forecast period.
Analysis, By Formulation
By formulation, the market is segmented into liquid and dry. The liquid segment grabbed a significant chunk of the global biopesticides market by formulation. More biopesticides are liquid or sold as concentrates and mixed with water or other carriers before being applied. The liquid formulation is more prominent because of its suitability to treat large areas, easy and safe application with spray, economical, and ready to use.
Analysis, By Region
Based on region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America represents the largest market share in the global biopesticides market. The regional demand is driven by many factors that involve the growing interest in green agricultural practices, the loss of many traditional products to reregistration or performance issues, and increased research and development. Europe and the Asia Pacific are also striving to become market leaders. Rising sustainability initiatives, growing awareness, and increased knowledge are steering biopesticides demand in these regions.
Market Segmentation covered in the Report:
By Mode of Application
- Beneficial insects
By Crop Type
- Foliar spray
- Soil treatment
- Seed treatment
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.