According to the latest report by IMARC Group, titled "Biopesticides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, offers a comprehensive analysis of the industry, which comprises insights onbiopesticides marketreport. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global biopesticides market size reached US$ 6.2 Billion in 2022. Looking forward, IMARC Group expects themarket to reach US$ 13.6 Billion by 2028, exhibiting a growth rate (CAGR) of 14.1% during 2023-2028.
What are biopesticides?
Biopesticides are a type of pest control agent derived from natural substances, such as bacteria, fungi, and plant extracts. They are considered a safer alternative to traditional chemical pesticides as they have minimal negative impacts on the environment and non-target species. They control pests in crops, forestry, and urban settings. They work by interfering with the biological functions of pests, such as reproduction or feeding, and can be combined with other pest control methods. They are increasingly being adopted by farmers and growers worldwide due to their effectiveness, safety, and sustainability.
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What are the growth prospects and trends in the biopesticides industry?
The global market is primarily driven by the increasing demand for sustainable agriculture practices. In line with this, the rising concerns over the harmful effects of chemical pesticides are significantly contributing to the market. Furthermore, the growing trend towards organic farming is positively influencing the market. Apart from this, the escalating efforts by the government and market players to promote the usage of efficient and eco-friendly agri-inputs are offering numerous opportunities for market expansion. Moreover, the governments are offering various schemes and subsidiaries to ensure the rapid adoption of eco-friendly agri-inputs, including bio-based crop protection chemicals. This, in turn, is creating a positive outlook for the market. Besides, the new product development with microbial ingredients is expected to fuel the market. Additionally, the increasing environmental safety awareness regarding the use of biopesticides is providing a boost to the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- BASF
- Bayer Cropscience
- Certis USA LLC
- FMC Corporation
- Isagro
- Koppert B.V.
- Marrone Bio Innovations
- Novozymes Biologicals
- Stockton (Israel) Ltd.
- Syngenta
- The Dow Chemical Company
- Valent BioSciences Corporation
Biopesticides Market Segmentation:
Our report has categorized the market based on region, product, formulation, source, mode of application and crop type.
Breakup by Product:
- Bioherbicides
- Bioinsecticides
- Biofungicides
- Others
Breakup by Formulation:
- Liquid
- Dry
Breakup by Source:
- Microbials
- Plant Extract
- Biochemicals
Breakup by Mode of Application:
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Post-Harvest
Breakup by Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porters Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
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