Global Biopesticides Market Size, Share, Growth Analysis, By Type (Bioinsecticide, Biofungicides), By Source(Microbials, Biochemical), By Application(Soil Treatment, Seed Treatment), By Crop Type (Cereals & Grains, Oilseeds & Pulses), By formulation(dry and liquid) - Industry Forecast 2022-2028

The global biopesticides market is segmented based on formulation, type, source, application, crop type, and region. Based on formulation, the market is segmented into dry and liquid. Based Type market is categorized into Bioinsecticide, Biofungicides, Bionematicide, and Bioherbicides. Based Source market is categorized into Microbials, Biochemical and Beneficial insects. By Application it is segmented Soil Treatment, Seed Treatment, Foliar spray and others. Based on crop market is categorized in Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Others. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.

Analysis by Type:

In 2021, the biofungicides segment accounted for the largest share of the global biopesticides market. Fungi resistance to various chemical fungicides is expected to increase demand for alternative efficient products such as biofungicides. Moreover, regulatory prohibition or restriction on the use of certain active ingredients in the production of chemical agri-inputs is expected to be a positive factor for product growth. Furthermore, several horticultural crops grown under sheltered cultivation are more susceptible to pathogens, especially pathogenic nematodes. Given the economic losses, industry stakeholders are investigating possible opportunities to identify biological pesticides effective in controlling pathogenic nematodes.

Analysis by Source:

Microbes have demonstrated their ability to improve nutrient uptake and promote the development of plant-resident microbiota. They can thus ensure optimal yield enhancement and stress tolerance without the need for genetic modification, which has unsustainable long-term consequences. Biopesticide-containing microbes are widely used to protect crops from a wide range of plant pathogens in a variety of cultivated environments such as fields, nurseries, and protected cultivation systems.

Analysis by Application:

With strong growth projections during the forecast period, the foliar application segment is expected to obtain larger revenue in the global marketplace. The use of biopesticides in this way can result in rapid growth of the seedling after germination. Foliar spray treatment is also a simple method that can be used to treat specific plant diseases and deficiencies both curatively and preventively. Crop protection agricultural biologicals are widely used in seed treatment as a supplement to chemical agri-inputs. These pesticides are becoming more popular among growers as more people become aware of the benefits of using microbe-based biopesticides to restore microbial diversity and improve seed quality.

North America is currently the largest biopesticides market, and it is expected to account for a large segment of the market during the forecast period as well. The regional market is being driven by stringent rules and regulations regarding the use of synthetic crop protection chemicals to protect the environment from adverse effects. The product's sales in the regional market are being driven by the rigorous search for greener crop inputs. Moreover, the strong emphasis on using microbe-based pesticides to improve yield and pest resistance is expected to positively impact market growth and product demand. The Asian agriculture sector has a high demand for biopesticides. The population growth that is bound to put a strain on food security is expected to be more pronounced in Asia Pacific. As a result, the products are marketed as cost-effective, safe, and effective crop inputs to help boost yields from limited cultivable land. Row crops such as wheat, soy, and rice are making greater use of these pesticides to increase crop yield in an environmentally friendly manner.

Europe is the world's second-largest consumer of these products, with a slow but steady increase in use. A large number of consumers and strict regulatory restrictions on the use of synthetic pesticides are two major factors driving market growth in the region. France is one of the most rapidly growing users in Europe. The government implemented an efficient regulatory framework and drug approval system, resulting in the biopesticides market's rapid development. Within six months, the French Agency for Food, Environmental, and Occupational Health and Safety (ANSES) completes its review of biological control products such as biopesticides.

Drivers

• Organic farming is increasingly being promoted as a superior alternative to conventional farming in terms of reducing overall environmental impact. With stronger demand dynamics for natural plant protection products, the promising growth trajectory of organic agriculture is expected to benefit the future growth of biopesticides. The government's and other stakeholders' strong emphasis on organic and sustainable farming methods has increased acceptance of bio-based crop protection chemicals. 
• The use of synthetic pesticides has resulted in large-scale and widespread environmental damage. As a result, several government organizations have banned or restricted the use of certain chemical active ingredients in order to avoid their negative effects on the environment, human, and animal health. Numerous governments and government bodies are extremely supportive and are providing funds to leverage the use of biopesticides to reduce pesticides' environmental impact. The growing concern about the use of chemical pesticides is expected to boost sales of other sustainable solutions, such as bio-based crop protection chemicals.

Restraint

• The product's low adoption rate in developing countries, when compared to chemical agri-inputs, may limit the market growth. The traditional and conventional agri-inputs market is well-structured on a global scale, with key giants prominently present. However, the biopesticides market is characterized by a number of start-ups that are battling for adequate funding, appropriate infrastructure, and market penetration. These small players' R&D activities also fail to sense the demand dynamics of a specific geography, which can further limit the market growth

Major biopesticides market players such as BASF SE, Bayer AG, Biobest Group NV, and Syngenta AG. are constantly innovating in order to provide advanced biopesticides. Moreover, they are increasing their R&D investment as well as their interest in technological adoption, strategic acquisition, and collaboration in order to design and develop modern humanoid Biopesticides. Furthermore, to sustain their market position, key companies have implemented organic and inorganic growth strategies such as new robot launches and long-term contracts with airport authorities.

Top Players in the Global Biopesticides Market

• BASF SE (Germany)
• Bayer AG(Germany)
• Biobest Group NV(Belgium)
• Certis USA L.L.C (US)
• Novozymes A/S (Denmark)
• Marrone Bio innovations (US)
• Syngenta AG (Switzerland)
• Nufarm (Australia)
• Som Phytopharma India Ltd (India)
• Valent Biosciences LLC.(US)
• BioWorks, Inc. (US)
• STK Bio-ag (Philippines)

Recent Developments

• In April 2020, Syngenta AG along with Novozymes announced the product launch of its unique bio fungicide, TAEGRO in the Latin American and European market.
• In March 2020, Marrone Bio Innovations signed an agreement with Anasac (Chile) to develop and distribute Grandevo and Venerate bioinsecticide in Chile.
• In March 2020, Andermatt Biocontrol AGs’ Madex Top product was approved to be used in Sweden and Israel, to control codling moth in pome fruit orchards

• Despite the unpredictability of the weather, microbes are expected to emerge as a low-cost, high-yielding input. With increasing investments from the institutional sector and venture capital, efforts to expand biopesticides and strain enhancement are underway to help optimize acre production. The ongoing research on new microbial product development is expected to support market growth in the coming years. 
• There is a high scope and demand for biopesticide products due to factors such as the ban on chemical pesticides in major countries due to deteriorating soil conditions, extensive farm practices, and growing concern about residue levels in food products. Biopesticides are primarily used on fruits and vegetables, cereals and grains, and oilseeds and pulses. In recent years, there has also been an increase in demand for biopesticides to control pests in recreational parks, theme parks, and golf courses. 
• Over the last few decades, site-specific pesticides have been able to provide crop protection. Plant pathogenic, bacteria and fungi, and insect pests, on the other hand, are developing resistance to chemicals and are able to adapt to crop protection chemicals through mutations, resulting in reduced efficacy and pest resurgence.

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

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