The global Biopesticides Market size was valued at USD 4.6 billion in 2021, growing with a CAGR of 14.4% to reach USD 8.8 billion from 2022 to 2027.
Biopesticides are biodegradable. Biopesticides are pesticides retrieved from plants, animals, some minerals, and bacteria. Biopesticides comprise natural substances that control pests, microorganisms that control pests, and biochemical plant growth, regulators.
Biopesticides are used in the agricultural sector for the purpose of weed control, disease control, insect control, plant physiology and productivity, and nematode control.
Biopesticides are inherited from bacteria, viruses, and fungi are a stable subject of analysis within modern agriculture. Biopesticides are non-hazardous to non-target organisms, comprising insects and wildlife benefits.
The demand for global biopesticides is projected to increase besides advancements in the agricultural field. The growing amount of investments for developing a strong agricultural sector creates a gold rush for market players in the biopesticides market. The market for biopesticides is very small compared to the overall pesticides market. The rising health issues related to the use of synthetic pesticides along with different advantages provided by various governments across the globe have influenced the market growth positively.
However, a dearth of sufficient knowledge and awareness concerning the common modes of action of biopesticides and a lasting understanding of high cost and low efficiency are some great barriers for manufacturers and suppliers. These factors restrain the global market growth.
Recent Market Developments
By type, the bio-fungicides segment is dominated the biopesticides market with the largest share in 2019. The increasing combat to different chemical fungicides among fungi surges the growing demand for substitute efficient products like bio fungicides.
By source, the microbial segment has great demand over diverse farming longitudes. The birth of microbial biopesticides is microorganisms successively in maintaining the health of the crops. Microbes have proven their capacity to intensify nutrient uptake and motivate the development of residential microbiota of plants. Microbes containing biopesticides are popularly used to protect crops from a wide variety of plant pathogens in different cultivated conditions like nurseries, fields, and protected cultivation systems.
Chapter 1. Global Biopesticides Market – Scope & Methodology
1.1. Market Segmentation
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Global Biopesticides Market – Executive Summary
2.1. Market Size & Forecast – (2021 – 2027) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2022 - 2027
2.3.2. Impact on Supply – Demand
Chapter 3. Global Biopesticides Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Global Biopesticides Market Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Global Biopesticides Market - Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Global Biopesticides Market – By Type
6.2. Bio fungicides
6.5. Other biopesticides (which includes biomolluscicides, bioacaricides, and biorodenticides)
Chapter 7. Global Biopesticides Market – By Soucre
7.3. Beneficial insects
Chapter 8. Global Biopesticides Market – By Application
8.1. Seed treatment
8.2. Soil treatment
8.3. Foliar spray
8.4. Other modes of application (which includes post-harvest and root dipping)
Chapter 9. Global Biopesticides Market – By Formulation
Chapter 10. Global Biopesticides Market, By Geography - Market Size, Forecast, Trends & Insights
10.1. North America
10.2.7. Rest of Europe
10.3. Asia Pacific
10.3.2. South Korea
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Rest of the World
10.4.1. Middle East
10.4.3. South America
Chapter 11. Global Biopesticides Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
11.1. Company 1
11.2. Company 2
11.3. Company 3
11.4. Company 4
11.5 Company 5
11.6. Company 6
11.7. Company 7
11.8. Company 8
11.9. Company 9
11.10. Company 10
Primary & Secondary Sources to Collect & Validate Data
Utilization of Both Top Down & Bottom Up Approach
Holistic Research Methodology
Scope & Introductory Research
In the initial stage of research, the scope for market is defined. In order to better understanding of the market, secondary focus is on different segmentations of the market. Preliminary research involves identifying key data points related to the market under consideration to estimate the market sizes to the best extent.
Based on the scope of the market and the key data points, a number of secondary sources are considered. This data collection stage consists of a team of analysts who gather data from various secondary resources, accessing proprietary databases and primary research by reaching out to key market participants and opinion leaders.
At this stage, collected data using several sources is arranged in structured format. The sources include industry participants, in-house models, key opinion leaders in the market ecosystem and databases. Historical data trends are established at this point, and compared to the current scenario. Based on the macro- and micro-factor prevailing in various geographies, proprietary data models are used to analyze key market countries. Key players in this market are listed based on their capabilities in revenue, sales, and development. The study also involves the identification of companies in the category of 'new entrants' and their potential effects on the market.
At this stage, the analyst team moves on to understand how the market has changed over the years. The total size of the market is gathered after an study of different business segments and end-users is done. An impact research is also done to see what factors will/may influence the market in the years ahead. The effect of various variables on the industry is often taken into account when forecasting market sizes.
Data verification is conducted at all research levels, however this stage is dedicated to more rigorous checking of the data points. At this stage, the estimated data is triangulated with company revenues and checked with industry experts including several senior executives and key opinion leaders in the market. The data is then summarized, and the findings are derived from the same for the report.
Quality Assurance & Report Preparation
Holistic research methodology is followed with combination of Top Down and Bottom Up approach to undertake the estimation and forecasting task in order to ensure quality of data. At this stage of the research process, a dedicated QA team checks the data and approves after several predefined checks. Each section is checked and questioned to make the report accurate and reliable. In case of discrepancy, a team of analysts reviews the issue, and the whole process is repeated again. That significantly improves the report's quality. After approval, all the parts of the report are brought together and is formatted by highly trained team thus making it ready to dispatch.