Market Highlights
The Global Biopesticides market is projected to be valued at USD 15.66 Billion by 2033, recording a CAGR of around 16.25% during the forecast period. The biopesticides market refers to the segment of the agricultural industry focused on environmentally friendly pest management solutions derived from natural sources such as animals, plants, bacteria, and certain minerals. Unlike traditional chemical pesticides, biopesticides offer reduced environmental impact and pose fewer risks to human health. They are increasingly adopted in integrated pest management strategies due to their efficacy against pests and diseases while maintaining ecosystem balance. The market encompasses various types of biopesticides including microbial pesticides, plant-incorporated protectants, and biochemical pesticides. Growing consumer demand for organic and sustainable agricultural practices has fueled the expansion of this market globally, with North America, Europe, and Asia-Pacific being key regions for biopesticide adoption
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The Biopesticides market experienced a detrimental effect due to the Covid-19 pandemic. The COVID-19 pandemic has caused supply chain hiccups that have reduced demand or created shortages in the biopesticide sector. Spending by consumers and businesses has decreased significantly as a result of the travel restrictions and social distancing measures, and this trend is expected to persist for some time. The epidemic has altered end-user trends and tastes, leading manufacturers, developers, and service providers to implement several measures in an attempt to stabilize their businesses.
Segmental Analysis
The global Biopesticides market has been segmented based on Source, Crop Type, Application and Type
Based on the Source, the market is segmented based on Microbials, Biochemical, Beneficial insects and Others The biopesticides market segment is experiencing rapid growth due to increasing demand for organic food products and growing concerns regarding chemical pesticide residues in food. With a focus on sustainable agriculture practices, biopesticides offer environmentally friendly alternatives derived from natural substances like plants, microorganisms, and minerals.
Based on Crop Type, the market has been divided into Cereals & grains, Oilseeds & pulses, Fruits & vegetables and Others. Given that vegetables are among the crops that are grown most intensively globally and are frequently more sensitive to pests and illnesses than other crops, the vegetable segment retained the biggest market share in 2022. For vegetable growers, biopesticides can offer sustainable and efficient pest management solutions that also lower the possibility of residues in the finished product
Based on the Application, the market has been divided into Foliar spray, Soil treatment, Seed treatment and Others. Since soil application has the greatest potential for long-term pest management, it held the largest market share in 2022. Biopesticides sprayed on the soil can continue to work for weeks or months, giving ongoing defense against diseases and pests that are carried by the soil.
Based on Type, the market has been divided into Bioinsecticide, Bio fungicides, Bio nematicides, Bioherbicides and Others. When it came to the income generated by biopesticides in 2022, the bioinsecticide segment accounted for the majority. The usage of bioinsecticides has increased as a result of rising agricultural productivity and growing pest resistance. A lot of insect pests are known to impair plant growth and crops after harvest or while they are being stored, which results in agricultural loss.
For More Information: https://evolvebi.com/report/biopesticides-market-analysis-and-global-forecast-2023-2033-with-covid-impact-analysis/
Regional Analysis
The Biopesticides market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. The North American region holds a dominant position in the Biopesticides market. North America is the market leader. The market for biopesticides in North America is being driven by two factors: the growing interest in ecologically friendly agricultural practices and the loss of many conventional products as a result of reregistration and/or performance concerns. Today, the development and/or marketing of biopesticide products is carried out by more than 60 companies in the US alone. Product development has also led to an increase in the market for biopesticides. Europe Biopesticides market accounts for the second-largest market share mainly due to the growing demand for food safety and quality, increasing consumer demand for organic products, thus encouraging organic farming practices, and rising government initiatives in promoting biocontrol products. Further, the Germany Biopesticides market held the largest market share, and the UK Biopesticides market was the fastest growing market in the European region. The Asia-Pacific region is witnessing rapid growth and emerging as a significant market for the Biopesticides industry The demand for organic food, growing worries about the effects of chemicals on the environment, and the availability of a simplified registration process are the primary factors driving the anticipated high compound annual growth rate (CAGR) of the Asia-Pacific biopesticides market from 2022 to 2030. In addition, the biopesticide market in China had the most market share, while the biopesticide market in India had the quickest rate of growth in the Asia-Pacific area.
