The latest report by IMARC Group, titled “Biopesticides Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the biopesticides market size. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global biopesticides market size reached US$ 7.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.5 Billion by 2032, exhibiting a growth rate (CAGR) of 12.1% during 2024-2032.
Biopesticides Market Trends:
The global market is primarily driven by the increasing demand for organic food products due to health concerns and environmental awareness. Rising incidences of pest resistance to chemical pesticides are encouraging farmers to shift towards sustainable alternatives. Additionally, government regulations restricting the use of synthetic chemicals are promoting biopesticide adoption. Furthermore, the growing emphasis on sustainable agriculture practices is fueling demand. The reduced environmental impact of biopesticides compared to conventional chemicals also strengthens their market appeal.
Moreover, technological advancements in microbial production and formulation are enhancing biopesticide effectiveness. Besides, the rising investments in research and development are contributing to innovative product offerings. Furthermore, the expansion of integrated pest management (IPM) programs globally is propelling the market growth.
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Biopesticides Market Scope and Growth Analysis:
The market scope is broadening as biopesticides offer an eco-friendly alternative to synthetic pesticides, making them a key component in sustainable farming, thus attracting both consumers and regulatory bodies. Moreover, increasing R&D activities are leading to novel and more efficient formulations, expanding the product range, and enhancing market potential. The market is also benefitting from growing awareness about residue-free crops, a crucial factor for the export-oriented agricultural sectors.
Furthermore, the incorporation of biopesticides in integrated pest management systems is becoming more common, providing a wider application range. In addition, collaborations between agricultural producers and biopesticide manufacturers are fostering product innovation and market penetration.
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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 (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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IMARC Group
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