Biopesticides Market

The biopesticides market is estimated at USD 7.72 billion in 2024 and is projected to reach USD 15.66 billion by 2029, at a CAGR of 15.2% from 2024 to 2029.

The factors driving the biopesticides market are growing demand for sustainable farming practices; stringent regulations regarding chemical pesticide use, along with growing awareness of environmental and health benefits. Advances in biopesticide technology and innovations in biological pest control lead to a better product profile and have driven market growth. Increasing concern regarding chemical residues in food and the environment, coupled with growing pest resistance to conventional pesticides, further boosts adoption of biopesticides as a viable alternative. The strategic agreements between biotech companies and agricultural firms are making in the market further contribute to the expansion of the market. In addition, increased awareness among farmers about the long-term advantages of using biopesticides, such as healthier soils and environmental safety, further accelerates the demand.

Bayer AG (Germany)

Bayer AG is a multinational pharmaceutical and biotechnology company. The company includes a range of products under Pharmaceuticals, Consumer Health, and Crop Science business divisions. Bayer AG has a collection of more than 125,000 microbial strains. These enable the company to take advantage of genetic diversity as a means of developing novel and helpful products. The company continues to exploit its research on microbial and RNAi technology, utilizing RNA interference as a means of increasing efficiency in its products. Furthering this research is the acquisition of Monsanto US, which furthered the research on RNAi technology to advance the products for crop protection solutions. In 2023, Bayer entered a partnership with Kimitec to develop and expand its portfolio of biological solutions based on natural sources.

In April 2024, Bayer announced that it has reached an agreement with AlphaBio Control of the UK on a new biological insecticide. The move is strategic to strengthen Bayer's product portfolio, since the new insecticide will be unique in its type to be made available for arable crops, such as oilseed rape and cereals, thereby helping Bayer build its offerings in sustainable crop protection.

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BASF SE (Germany)

BASF SE is a chemical-based company that does all the production, marketing, and selling of chemicals, plastics, crop protection products, and various performance products. The product line includes solvents, paints, food additives, fungicides, herbicides, and various sorts of chemicals. BASF SE has 11 divisions, which are condensed into 7 business models : chemicals, materials, industrial solutions, surface technologies. nutrition & care, agricultural solution and others. The agriculture solutions segment provides biological solutions wherein the company has a broad product portfolio for crop protection & seed, turf & ornamentals, and urban & rural pest control. Crop protection mainly provides foliar and drench-applied biological solutions to the growers for control of pests and diseases for residue and resistance management. The segment of biological solutions herein comprises biofungicides, bioinsecticides, inoculants, biostimulants, and pheromones that are intended for use in integrated pest management programs by the greenhouse and open field grower.

In March 2024, BASF announced that it is investing in new fermentation plant for biologic and biotechnologically based crop protection products at the Ludwigshafen site. The production facility will start up in the second half of 2025, producing high-value products for farmers, such as biological fungicides and seed treatments.

Corteva (US)

Corteva is a US-based chemical and seed company, a spin-off from the agriculture unit of DowDuPont. It classifies biopesticides under its category of Biocontrol Products. These are part of the larger portfolio called Biologicals. Biopesticide products that would be derived from nature-based materials would fall under the following: organisms, including beneficial bacteria; natural derivatives, such as enzymes. These are naturally derived benefits that Corteva is trying to tap into to help improve productivity at the farm level, but their Biologicals portfolio also includes other products such as Biostimulants and Pheromones.

At Siconbiol 2023-the 17th Symposium on Biological Control and 2nd Latin American Symposium on Biological Control, Corteva Agriscience announced in August 2023 the launch of Tezpetix Beauve, a microbiological insecticide. Bioinsecticide contains an exclusive strain of the fungus Beauveria bassiana, isolated from Simbi BB 15

Related Reports:

Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bionematicides), Crop Type (Cereals & Grains, Oilseeds & Pulses), Formulation (Liquid and Dry), Source (Microbials, Biochemicals), Mode of Application, & Region - Global Forecast to 2029

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