Biopesticides Market Segments, Industry Size and Forecast 2024-2032

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 demand. 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 globally recognized as a leader in market research, specializing in offering strategic management solutions and extensive market analyses across diverse industries. We collaborate with clients worldwide, focusing on identifying the most lucrative opportunities, addressing critical business challenges, and guiding significant business transformations.

Our detailed reports cover significant market, scientific, economic, and technological developments, serving business leaders in pharmaceutical, industrial, and high technology sectors. With a deep expertise in providing industry forecasts and analyses for sectors including biotechnology, advanced materials, pharmaceuticals, and food and beverage, we equip leaders with the knowledge to navigate complex markets and stay ahead of technological trends.

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