The market size for global biopesticides is estimated at USD 5.62 Billion in 2022. Market size is forecast to increase from USD 6.52 Billion in 2022 to USD 18.16 Billion by 2031. This represents a CAGR (Conversion Rate Advancing Rate) of 15.78% over the forecast period.

A growing demand

Some countries are adopting stricter import regulations, focusing on pesticide residues. The United States could see an increase in the acreage of grains, cereals, and oilseeds which would result in a substantial increase in the consumption of biopesticides. While biopesticides used in grains and cereals account for most US consumption, the most significant growth in oilseed applications will be due to the rising demand for oilseed-based products.
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Asia-Pacific is likely to lead the way in using biopesticides. The leading players in this industry include Bayer CropScience LLC. Syngenta AG. BASF SE. Sumitomo chemicals Co Ltd. Biopesticides, which are more effective than synthetic alternatives regarding food safety and quality, are increasingly popular. However, the market is expected to be constrained by biopesticides’ lower specificity and higher price.

Driving Factors

The importance of organic food in product growth is increasing.

Organic farming is being increasingly promoted as an alternative to conventional methods that reduce environmental impacts. Bio-based pesticides will see strong demand for natural products. The promising growth trajectory in organic agriculture is expected to help future growth. The product’s acceptance has grown due to the increased emphasis by governments and other stakeholders on sustainable and organic farming.

Countries with solid agricultural bases gradually shift from a “green Revolution” to an “ever-green Revolution.” They do this because of their eco-friendly, economical, farmer-friendly, and consumer-friendly characteristics. Market growth is expected to be further driven by the rising demand for organic foods free from chemical pesticides.

Phase-out Key Chemical Active Ingredients for Market Growth

Synthetic pesticides have been causing extensive and severe damage to our environment. Many government bodies have placed restrictions on or banned certain active chemical substances to prevent their harmful effects on the environment and human and animal welfare. Many governments and other government bodies support bio-based crop protection chemicals and are willing to provide funds to help reduce pesticides’ environmental impact. The increased concern regarding chemical pesticide use is expected to encourage the sale of sustainable solutions, such as biopesticides.

Restraining factors

Sub-optimal Commercialization for Product to Hamper Market Growth

The low adoption rate could limit the market’s growth compared with chemical agri-inputs for developing countries. The global market for conventional and traditional agricultural inputs is well-structured, with many significant players. However, many new companies in the biopesticides sector struggle to raise sufficient funding and have limited market penetration. These small players may not be able to perceive the demand dynamics within a specific geographic area, which could limit the market growth.

Market Key Trends

New Farming Technologies Adapted to Increase Organic Land

Sustainable agriculture has grown in the last 20 years. It encourages more sustainable practices and lessens the negative impact on society. The adoption of new farm technologies means that biopesticides are safer to use in the field. Farmers who support sustainable farming and will accept mainstream agriculture’s acceptance of pesticides in their fields drive them towards minimizing the use of these pesticides, which reduces costs and productivity, as well as the impact on the environment.

Biopesticides are used in sustainable agriculture to address multiple environmental and social problems. They are a viable option for both growers and workers. This is the driving force behind the rise in biopesticides. Consumer demand for organic food is rising. Organic foods are free from chemical preservatives that can cause adverse health effects. Organic growers, over chemical-based pesticides, prefer biopesticides. A rise in environmental concerns led to the development of bio-based pesticides. Research Institute of Organic Agriculture statistics reveal that Europe’s overall organic area increased by 17.1million acres in 2017, from 14.4million in 2017.

The registration requirements have been simplified to encourage the use of biopesticides. These countries also offer grants for R&D or production unit setups. The EU proposed in May 2020 that 505 chemical insecticides would be reduced in the future. It also proposes increasing the use of biopesticides. This will increase Europe’s biopesticide market shares over the forecast time. These actions provide opportunities to expand global biopesticide markets.

Recent Development

Syngenta Crop Protection AG, a biocontrol technology company, acquired two next-generation bioinsecticides, UniSpore (NemaTrident) and UniSpore (2022). This move will help the company combat increasing resistance to various pests in horticulture and ornamentals, as well as turf amenities and forests, giving customers more choices.

BASF and AgBiome entered an agreement in March 2021 to bring a new biological fungicide to the European market and the key to the Middle East and African countries.

Symbiosis Agrotecnologia Biologica, in partnership with Embrapa (Brazilian Agricultural Research Corporation), created the first biopesticides in Brazil to control the soybean looper.

Key Companies

  • Dow AgroSciences
  • Novozymes A/S
  • Bayer CropScience AG
  • Valent Biosciences Corp
  • Arysta LifeSciences
  • BASF SE
  • Becker Underwood Inc
  • AgBiTech Pty Ltd.
  • Dupont
  • Andermatt Biocontrol
  • Syngenta Crop ProtectionsLLC

Key Market Segments
Type

  • Microbial Pesticides
  • Plant Pesticides
  • Biochemical Pesticides

Application

  • Seed Treatment Application
  • On Farm Application
  • Post Harvest Application

Frequently Asked Questions

  • What is the biopesticides market?
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  • What are the primary drivers of this market?
  • What are the major restraints of the global biopesticides market?
  • What are the significant opportunities in the global biopesticides market?
  • Who are the major players operating in the global biopesticides market?
  • Which are the high-growth countries/regions in the market?
  • What is the COVID-19 impact on biopesticide manufacturers?

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