Biopesticides Market Size Worth USD 14,000 million by 2028 | CAGR 11.5% | The Insight Partners

The biopesticides market was valued US$ 4,600 million in 2022, it is estimated to grow at a CAGR of 11.5% from 2022 to 2028. Biopesticides are used in the organic farms as they have no side effects on beneficial plants and human health. Microbial biopesticides are proved to be efficient in achieving control against many insects, pathogens, and weeds. Therefore, the growing demand for organic food drives the biopesticides market growth. The demand for organic fruits, vegetables, and other organic food products is growing rapidly due to an increase in the number of health-conscious people, surge in the preference for healthier food products, and a rise in awareness about the health risks posed by the use of chemical pesticides. This is encouraging farmers worldwide to produce crops using organic methods.

Companies Profiled in this report includes:

• BASF SE
• Syngenta
• Marrone Bio Innovations, Inc.
• Bayer AG
• Novozymes A/S
• Certis USA L.L.C.
• Andermatt Group AG.
• Nufarm
• MaxEEma Biotech Private Limited
• Greenwell Biotech

Sustainable weed management consists of different weed management methods, including the use of biopesticide that precludes the use of chemical pesticides. The use of biopesticide is an important compoent in integrated weed management strategies to increase crop yield in organic agriculture, which is propelling the biopesticides market growth. However, many weeds showcase pesticide resistance, a major concern among farmers. Hence, market players are increasingly focusing on developing cost-effective and efficient biopesticides that can control weeds.

In 2020, Seipasa-the Spanish company specialized in developing and formulating biopesticides, biostimulants, and fertilizers for agriculture-and the Technical University of Valencia (UPV) announced that they are working on the development of a new biopesticide through the Mediterranean Agroforestry Institute (IAM). The rising initiatives by major manufacturers of various countries in development of biopesticides due to higher demand is driving the biopesticides market.

Market Segmentation:

The global biopesticides market is segmented on the basis of type, source, mode of application, and crop type. Based on type, the market is segmented into bioinsecticides, biofungicides, bionematicides, and bioherbicides. By source, the market is segmented into microbials, biochemicals, and others. Based on mode of application, the global biopesticides market is segmented into seed treatment, soil treatment, foliar spray, and others. Based on crop type, the market is segmented into cereals and grains, oilseeds and pules, fruits and vegetables, and others.

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