Biopesticides Market worth $8.5 billion by 2025

Biopesticides Market worth $8.5 billion by 2025

The report "Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bionematicides, and Bioherbicides), Source (Microbials, Biochemicals, and Beneficial Insects), Mode of Application, Formulation, Crop Application, and Region - Global Forecast to 2025" The global biopesticides market size is projected to grow at a CAGR of 14.7% from an estimated value of USD 4.3 billion in 2020 to reach USD 8.5 billion by 2025.The market is driven by factors such as the increase in area under organically grown crops, growth in concerns regarding the hazards of using pesticides, rise in demand for organic products, and a surge in regulations on maximum residue levels (MRL) for chemical pesticides is increasing the adoption of biopesticides.

Browse 118 market data Tables and 52 Figures spread through 249 Pages and in-depth TOC on "Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bionematicides, and Bioherbicides), Source (Microbials, Biochemicals, and Beneficial Insects), Mode of Application, Formulation, Crop Application, and Region - Global Forecast to 2025"
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Fruits & vegetables are estimated to form the largest segment among crop types in the biopesticides market

Fruits & vegetables are projected to grow as the fastest-growing crop segment in the biopesticides market. There is an increase in loss of fruits and vegetable production in Asia Pacific due to the rise in instances of insect pest outbreaks. Growing concerns regarding food residue levels and stringent regulations in exported fruits & vegetable, such as grapes, strawberries, and tomatoes, from the Asia Pacific region to European countries, would drive the adoption of biopesticides in this crop segment

Foliar spray is estimated to be the fastest-growing market in the biopesticides market

Foliar spray is projected to be the largest-growing segment during the forecast period from 2020 to 2025. Foliar sprays include the application of microbial pesticides directly on the leaves to control the insects and mites. It is the most effective tool to control pests in the short term. The use of spray equipment provides better placement, less dripping losses, and effective coverage over the foliage. These are some of the key reasons, which are driving the market for the foliar spray of biopesticides across the regions.

The increase in demand for bio-based products in the North American region is projected to drive the growth of the biopesticides market.

The North American region accounted for the largest share of the global market in 2019. The US is one of the leading countries for the export of various fruits and vegetables. The need to meet the international export standards is urging farmers to adopt biological crop protection inputs. The increase in consumer demand for organic food and concerns regarding residue levels in foods is also encouraging farmers to adopt biopesticides in this region. The increase in the presence of several key biopesticide manufacturers in the North American region has led to high investments and research on biological crop protection products.

This report includes a study of the marketing and development strategies, along with the product portfolio of leading companies. These companies include 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 (Israel), Andermatt Biocontrol AG (Switzerland), International Panaacea Ltd (India), Bionema (US), Vegalab S.A (US), Isagro S.p.A (Italy), FMC Corporation (US), Koppert Biological Systems (Netherlands), and UPL Ltd (India).

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