Biopesticides Market: Global Industry Analysis and Forecast (2024-2030) by Source, Mode of Application, Formulation, Type, and Region

Biopesticides Market Overview:

Biopesticides are pesticides that are made from natural substances such as animals, plants, microbes, and minerals. Canola oil and baking soda, for example, have pesticidal properties and are considered biopesticides. Invertebrate pests, plant diseases, and weeds are currently managed with biopesticides. Bacteria, yeasts, fungus, and viruses are among the microorganisms employed. Biopesticides can kill hazardous organisms directly or indirectly by disrupting reproduction or simply deterring pests with compounds they don't like. Most biopesticides don't kill pests right away; instead, they inhibit them so that they can be managed over time. The Biopesticides Market report is published on the basis of segment analysis by source, mode of application, formulation, type and region.

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COVID-19 Influences on the Biopesticides Market:

Key active ingredients for biopesticide synthesis are sourced from China and other major manufacturers in Europe and North America. With the current situation persisting, it is predicted that raw material supply will be limited as the cropping season unfolds. This could result in product scarcity in high-growth economies including the United States, Brazil, Spain, and Italy. There is also the possibility of a lack of chemical active components, which would result in a scarcity of chemical products on the market, pushing farmers to use an alternative pest control method. The demand in the biopesticides market may be influenced by this situation.

Biopesticides Market Dynamics:

Growing demand for organic food and organic agriculture around the world boosts demand for biological pesticides, boosting the overall Biopesticides Market forward. As customers become more aware of the chemicals used in food production and the possible dangers of chemical residue on food, they are supporting chemical-free production methods, pushing growers toward organic farming and therefore increasing demand for biopesticides.

Organic agriculture is practiced in 181 countries, according to Surveys, and a total of 69.8 million hectares were organically maintained at the end of 2017, up 20% or 11.7 million hectares from 2016, the largest improvement ever recorded. Furthermore, according to the poll, global organic food and beverage sales increased to USD 97 billion in 2017 from USD 81.6 billion in 2015. As a result, rising demand for organic food and burgeoning organic agriculture around the world boosts demand for biological pesticides, propelling the entire Biopesticides Market forward. In addition, the need for bio fungicides is expected to be driven by technology advancements aimed at increasing agricultural output.

To limit the harm caused by fungicides and disease-causing microorganisms, technological breakthroughs have led to the introduction of very effective bio fungicides. Furthermore, the Biopesticides Market segment will benefit from product development that can endure high temperatures.

Over the last few decades, site-specific insecticides have been able to give crop protection. Plant diseases, bacteria and fungi, and insect pests, on the other hand, are gaining chemical resistance and are able to adapt to crop protection agents through mutations, resulting in reduced efficacy and pest resurgence. Botrytis cinereal, which impacts the development of fruit and vegetable crops both before and after harvest, is one of the principal pathogen species that has acquired resistance. In numerous countries, excessive spraying has resulted in the creation of multi-resistant strains. Strawberries were seeded in the bulk of the impacted fields. This rapid loss of fungicidal activity against resistant infections is both a threat to the fungicide market's growth and an opportunity for biopesticides market.

Biopesticides Market Segment Analysis:

The Biopesticides Market is segmented by Source, Mode of Application, Formulation, and Type.

Based on the Type, the market is segmented into Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides, and Other biopesticides. Bioinsecticides segment is expected to hold the largest biopesticides market shares of xx% by 2027. The development of agricultural biologicals has been driven by rising need for sustainable agriculture practises, integrated pest control, insect resistance and resurgence, organic farming, and the growing need to reduce post-harvest crop losses. Biological solutions, in contrast to their chemical equivalents, are target-specific and require less of them. Bioinsecticides, unlike chemical pesticides, are safe to use and pose no environmental risk because they do not leave any chemical residues on the plant. Furthermore, producers benefit from the lower product development costs and time associated with bioinsecticides, as they can be registered in a short period of time, whereas chemical registration might take up to three years. These are the factors that are expected to drives the growth of the Bioinsecticides segment in the global market during the forecast period 2024-2030.

Based on the Mode of Application, the market is segmented into Seed treatment, Soil treatment, Foliar spray, and other mode of application. Foliar spray segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Foliar sprays are used to control insects and mites by spraying microbial pesticides directly on the plants. It is the most effective tool for short-term pest management. When a pest infestation is visible on the plant, foliar spray is a rapid way to remedy it. Foliar applications are preferable when soil conditions are poor for insect control. One of the primary drivers of growth in the biopesticides market is the ease with which foliar spray may be applied.

North America region is expected to dominate the Biopesticides market during the forecast period 2024-2030. North America region is expected to hold the largest market shares of xx% by 2027. The growing concern about the effects of toxic chemicals on the environment, increased demand for organic food, and the availability of a streamlined registration process are all factors contributing to this market's growth. The presence of a large number of important companies in the region, as well as farmers' increasing use of environmentally friendly agricultural methods, all contribute to the market's growth in North America.

Europe is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Increased demand for high-quality crops to preserve export quality, regulatory bans on important active components and the rise of pests and diseases as a result of climatic change are all paving the way for biopesticides to be used in Europe.

Competitive Landscape of Global Biopesticides Market:

BASF SE (Germany) Company is expected to dominate the Biopesticides Market during the forecast period 2021-2027.

BASF SE (Germany) is expected to hold the largest biopesticides market share of xx% by 2027. German company BASF SE, located in Ludwigshafen, is the world's largest chemical company. The company was originally called Badische Anilin- und Soda-Fabrik. The four letters of the corporation have now become a trademark and the company is listed on the Frankfurt, London, and Zurich stock exchanges. BASF manufactures chemicals, polymers, performance chemicals, catalysts, coatings, agricultural technology, oil exploration, and natural gas production. There are numerous products manufactured by the company, including MDI (diphenylmethane diisocyanate), TDI (toluene diisocyanate), caprolactam, adipic acid, polyamide 6 and 6.6, ammonia, nitric acid, sulphur and chlorine products, inorganic salts, urea, melamine, glues, and impregnating resins.

The objective of the report is to present a comprehensive analysis of the Biopesticides Market to the stakeholders in the industry. The report provides trends that are most dominant in the Biopesticides Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Biopesticides Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Biopesticides Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Biopesticides Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Biopesticides Market is aided by legal factors.

Biopesticides Market Scope:

Biopesticides Market Key Players

• BASF SE (Germany)
• Syngenta AG (Switzerland)
• Bayer AG (Germany)
• Marrone Bio Innovation (US)
• Novozymes A/S (Denmark)
• Nufarm (Australia)
• UPL Ltd (India)
• Koppert Biological Systems (Netherlands)
• Vegalab S.A (US)
• Biobest Group NV (Belgium)
• FMC Corporation (US)
• STK Bio-ag (Israel)
• Bionema (US)
• International Panaacea Ltd (India)
• Som Phytopharma India Ltd (India)
• BioWorks, Inc. (US)
• Valent Biosciences LLC (US)