(MENAFN- EIN Presswire)
The Biopesticides Market, valued at USD 6.87 billion in 2023, is expected to grow at a compound annual growth rate (CAGR) of 16.25% from 2023 to 2033
INDIA, October 22, 2024 /EINPresswire / -- The biopesticides
market refers to the segment of the agricultural
industry that focuses on environmentally friendly pest management solutions derived from natural sources such as animals, plants, bacteria, and certain minerals. Unlike traditional chemical pesticides, biopesticides have a reduced environmental impact and pose fewer risks to human health. They are increasingly adopted in integrated pest management strategies due to their effectiveness against pests and diseases while maintaining ecosystem balance. The market includes various types of biopesticides, such as microbial pesticides, plant-incorporated protectants, and biochemical pesticides. Growing consumer demand for organic and sustainable agricultural practices has fueled the expansion of this market globally, with North America, Europe, and Asia-Pacific being key regions for biopesticide adoption.
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Strategic Market Segments
“The Microbial segment is expected to grow faster throughout the forecast period.
Based on source, the biopesticides market is segmented into Microbials, Biochemicals, Beneficial Insects, and Others. Microbials are likely the largest segment within the biopesticides market. Microbial-based biopesticides can control a wide range of pests, including insects, fungi, and nematodes. They can be used in various agricultural settings, from field crops to greenhouses and orchards.”
“The vegetable segment is expected to grow faster throughout the forecast period.
Based on Crop Type, the market is divided into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others. The vegetable segment retained the largest market because vegetables are among the most intensively grown crops globally and are often more susceptible to pests and diseases than other crops. For vegetable growers, biopesticides provide sustainable and efficient pest management solutions that also reduce the risk of residues in the final product.”
“The soil treatment segment is expected to grow faster throughout the forecast period.
Based on Application, the market is divided into Foliar Spray, Soil Treatment, Seed Treatment, and Others. Soil treatment held the largest market share due to its potential for long-term pest management. Biopesticides applied to the soil can continue to work for weeks or months, offering ongoing defense against soil-borne diseases and pests.”
“The bioinsecticide segment is expected to grow faster throughout the forecast period.
Based on Type, the market is divided into Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides, and Others. The bioinsecticide segment accounted for the majority of revenue generated by biopesticides. The usage of bioinsecticides has increased due to rising agricultural productivity and growing pest resistance. Many insect pests are known to impair plant growth and damage crops after harvest or during storage, resulting in agricultural loss.”
Industry Leaders
BAYER, Syngenta, UPL Limited, FMC Corporation, Nufarm, Koppert Biological Systems, Biobest Group, Andermatt Biocontrol, Bionema, Certis
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Fueling Growth: The Essential Ingredients
Advancements in biotechnology have significantly transformed the landscape of pest management, leading to the emergence of more effective and economically viable biopesticides. Innovative techniques such as genetic engineering and microbial fermentation have revolutionized the production process, allowing for the development of biopesticides that exhibit enhanced potency, specificity, and stability. Genetic engineering enables the manipulation of plant and microbial genomes to create biopesticides that target specific pests while minimizing the impact on beneficial organisms. This precision reduces the likelihood of pest resistance, making biopesticides a sustainable alternative to traditional chemical pesticides. Microbial fermentation, on the other hand, harnesses the natural capabilities of microorganisms to produce biopesticides on a large scale. This method not only streamlines the production process but also enhances the consistency and quality of the biopesticides. The ability to produce biopesticides that are both effective against a wide range of pests and environmentally friendly aligns with the increasing consumer demand for sustainable agricultural practices. As farmers seek alternatives to chemical pesticides due to regulatory pressures and concerns over environmental impact, the market for biopesticides continues to grow. This growth is further supported by ongoing research and development efforts focused on improving the efficacy and application of biopesticides, solidifying their role as a critical component of integrated pest management strategies in modern agriculture.
The future of Biopesticides Market
The increasing awareness among consumers regarding the environmental and health implications of chemical pesticides has significantly fueled the demand for sustainable agricultural practices. As people become more conscious of the potential harm that synthetic chemicals can cause to ecosystems, wildlife, and human health, there is a growing shift towards seeking alternatives that minimize these risks. Biopesticides, which are derived from natural sources such as plants, microorganisms, and minerals, present an environmentally friendly alternative to conventional pesticides. They are perceived as safer options that effectively control pests while reducing the chemical burden on the environment. This shift towards biopesticides aligns with the preferences of consumers and regulators who advocate for safer, more sustainable farming practices. Many consumers are now prioritizing products that are produced without harmful chemicals, seeking out organic and sustainably sourced foods. Additionally, regulatory bodies are increasingly supporting the use of biopesticides through favorable policies and incentives, recognizing their potential to enhance agricultural sustainability and biodiversity. As a result, the biopesticides market is experiencing significant growth, driven by the dual demand for effective pest management solutions and the need for environmentally responsible agricultural practices. This trend not only benefits the health of consumers and the environment but also supports farmers in adopting more sustainable methods that can enhance crop resilience and yield.
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North America to main its dominance by 2033
The North American region holds a dominant position in the biopesticides market. North America leads this market, driven by the growing interest in environmentally friendly agricultural practices and the discontinuation of many conventional products due to re-registration issues and performance concerns. Currently, over 60 companies in the U.S. are involved in the development and marketing of biopesticide products. Additionally, advancements in product development have further fueled the growth of the biopesticides market in the region.
Key Matrix for Latest Report Update
.Base Year: 2023
.Estimated Year: 2024
.CAGR: 2024 to 2034
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