Biopesticides are certain types of pesticides derived from such natural materials as animals, plants, bacteria, and certain minerals. They are an important component of integrated pest management programmes and organic farming operations. Biopesticides include biochemical pesticides — naturally occurring substances that control pests by non-toxic mechanisms, and microbial pesticides — microorganisms like viruses, bacteria, fungi and protozoa. Compared to chemical pesticides, biopesticides pose minimal risks to human health and the environment. The global Biopesticides Market is estimated to be valued at US$ 3.5 billion in 2023 and is expected to exhibit a CAGR of 3.4% over the forecast period 2024 to 2026, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing consumer preference for organic food products and environment-friendly agricultural practices is projected to drive the demand for biopesticides over the forecast period. According to the U.S. Department of Agriculture, global organic food sales crossed $100 billion mark in 2017 which is indicative of the rising demand for products free of chemical residues. Biopesticides are exempted from the residue concerns and also comply with integrated pest management systems as they target specific pests and minimize health and environmental risks. The growing awareness about the long-term implications of chemical pesticide residues is expected to further accentuate the adoption of biopesticides for sustainable crop protection solutions across various geographies during the forecast period.

Segment Analysis

The global biopesticides market is segmented into bioinsecticides, bioherbicides, bionematicides and biofungicides. Among these, the biofungicides segment accounts for the largest market share. This segment dominates due to increasing demand and use of biopesticides for fungal diseases control in fruits & vegetables and cereals & grains crops. Biofungicides help farmers curb fungal diseases without any residue on crops, thus making them safer alternatives to chemical fungicides.

Key Takeaways

The Global Biopesticides Market Share is expected to witness high growth over the forecast period from 2024 to 2030.

Regional analysis: North America currently accounts for the largest share in the global biopesticides market. The U.S. is a major country leading market growth in the region. Growth in North America can be attributed to rising adoption of organic farming practices and ban on highly toxic chemical pesticides. Europe is also growing at a significant pace due to stringent environmental regulations and increasing consumer demand for organic produce.

Key players: Key players operating in the biopesticides market are Bayer AG, Syngenta AG, BASF SE, Marrone Bio Innovations, Isagro, Valent BioSciences LLC, Certis USA L.L.C., Andermatt Biocontrol AG, Seminis Vegetable Seeds, Inc., and Koppert Biological Systems. Bayer AG is a leading player due to its strong portfolio of biofungicide and bioinsecticide products. Syngenta AG also has a significant market share owing to its wide range of bioherbicide and bionematicide products.

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