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Biopesticides Market Size Analysis 2021: Competitive Insights, Leading Players, Technological Advancement and Growth Opportunities by 2030

The biopesticides market was valued at US$ 5,084.9 million in 2020. The global biopesticide market is projected to reach US$ 19177 million by 2030 by registering a compound annual growth rate (CAGR) of 14.2% during the forecast period from 2021-2030. Biopesticides are used as a substitute for another chemical pesticide to protect the plant from mosquitos, rats, and mice. The biopesticides are obtained from natural materials, such as animals, plants, bacteria, and certain minerals.

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Factors Influencing

The growing awareness regarding the harmful effects of chemical pesticides would boost the market growth in the coming years. The global biopesticides market is expanding due to the dangers of chemical pesticides and the increased demand for organic food. The usage of synthetic fertilizers has skyrocketed, resulting in various negative consequences for human health. Biopesticides have reduced the negative effects of chemical fertilizers. Thus, they are regarded as a more environmentally friendly solution for non-targeted species.

The cost-effectiveness of biopesticides is forecast to boost market growth in the coming years. Biological pesticides occur naturally and assist commercial growers in lowering their production costs, resulting in lower prices when compared to chemical pesticides. Biopesticides have a higher market preference than conventional pesticides. Moreover, government organizations are developing numerous agricultural awareness campaigns to encourage farmers to use biopesticides in their agricultural activities. Thus, it would boost the market growth in the coming years.

Growing agricultural activities would fuel the adoption of biopesticides during the analysis period.

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The rapidly rising advancements in bio-control seed treatment solutions are another factor driving the growth of the global biopesticides market. The use of essential oil-based insecticides is expected to create promising opportunities for the global market players in the future. As a result, the global biopesticide market would grow. Moreover, the benefits of the Plant essential oils in a wide range of activity against pest insects and plant pathogenic fungus are expected to fuel the adoption of the end product. The widespread availability of essential oils from the flavor and fragrance sectors has accelerated the commercialization of essential oil-based pesticides, propelling the worldwide biopesticides market forward.

The lack of knowledge and the poor acceptance rate of biopesticides has been a major block in the growth of the global biopesticides market.

Geography Analysis

Regionally, North America would emerge as the largest shareholder of the biopesticides market. Biopesticides have been helpful in maintaining the quality of the product. The growing awareness is leading to the significant rise in the adoption of biopesticides. As a result of the increasing demand for organic food products, the regional market for biopesticides would grow during the analysis period.

COVID-19 Impact Analysis

COVID-19 had a slight negative impact on the complete process, beginning from the generation of biopesticides to sales. During the COVID-19 pandemic, market players witnessed a significant decline in the demand from farmers. Moreover, the closure of production facilities further impacted the overall market.

Market Segmentation

By Type

  • Microbial
  • Bacterial
  • Fungal
  • Viral
  • Predators
  • Bugs & Beetles
  • Nematodes
  • Parasites
  • Others (Pheromones, Protozoa, etc.)

By Crop Type

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  • Orchards
  • Grazing & Dry land
  • Field Crops

By Region

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

Competitors in the Market

  • Actagro LLC.
  • Agbiochem Inc.
  • Agbitech Pty Ltd.
  • Bio-Tech Ltd.
  • Amit Biotech
  • Amvac Chemical
  • Andermatt Biocontrol Ag
  • Arbico Organics
  • Bayer AG
  • BASF Corp.
  • Other prominent players

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