PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477110
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477110
Microbial Biopesticides Market size was valued at USD 3,454.2 Million in 2023, expanding at a CAGR of 8.5% from 2024 to 2032.
One kind of pest control agent made from microorganisms such as bacteria, fungi, viruses, and protozoa is called a microbial biopesticide. Plant diseases, weeds, and insects are among the pests that these microbes are used to manage. Microbial biopesticides, in contrast to chemical pesticides, generally have targeted modes of action that minimize harm to non-target creatures and the environment while effectively targeting specific pests. They can be applied in a variety of horticultural, forestry, and agricultural settings as a component of integrated pest management plans meant to lessen dependency on artificial chemicals and protect the environment.
Microbial Biopesticides Market- Market Dynamics
Increasing organic land and adaptation of new farming technologies drive market growth
Safer field usage of items such as microbial pesticides resulted from the growing adoption of modern agricultural technologies. Farmers are encouraged by mainstream agriculture to embrace sustainable agricultural practices and reduce their usage of chemical pesticides, which saves money, resources, and the environment. In addition to addressing several environmental and social issues, the use of microbial pesticides in sustainable agriculture presents creative and profitable options for producers, employees, and customers. This is one of the main factors propelling the microbial biopesticide market's expansion.
Microbial Biopesticides Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.5% over the forecast period (2024-2032)
Based on ingredient type segmentation, the Bacterial Biopesticides segment is expected to capture the largest revenue share over the projected period
Based on application segmentation, the Fruits & Vegetables segment is expected to hold a prominent market share over the forecast period
Based on region, North America is expected to dominate the market over the forecast period
The Global Microbial Biopesticides Market is segmented based on Ingredient Type, Application and Region.
Based on the ingredient type, the Microbial Biopesticides market is bifurcated into Bacterial Biopesticides, Fungal Biopesticides, Viral Biopesticides and Others. The Bacterial Biopesticides segment is expected to capture the largest revenue share over the projected period. A move toward more environmentally friendly and sustainable pest management techniques has resulted from growing worries about the effects of synthetic chemical pesticides on the environment and human health. The use of microbial biopesticides-including those made of bacteria-is fueled by the perception that they are safer than alternatives.
Based on the application, the global Microbial Biopesticides market is segmented into Grains & Cereals, Pulses & Oilseeds, Fruits & Vegetables and Others. The Fruits & Vegetables segment is expected to grow at a rapid rate over the forecast period owing to rising awareness.
Microbial Biopesticides Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market over the forecast period. Bioherbicides can be used as an alternative to conventional herbicides and pesticides as a result of growing knowledge of their negative impacts, particularly about integrated weed control. Herbicides that contain pathogens, phytotoxins, and other microorganisms are known as bioherbicides. It functions as a biological weed killer. Bioherbicides can be created from phytotoxic plant residues, extracts, or single chemicals taken from different plant species, or they can be obtained as compounds and secondary metabolites from microorganisms like bacteria, fungi, and protozoa. Numerous factors, such as the growing interest in environmentally friendly farming methods and the loss of numerous traditional products due to reregistration and/or performance difficulties, are driving demand in the region.
The key players operating in the market are AgBioChem, Inc., Amit Biotech Pvt. Ltd., Bayer AG, Andermatt Biocontrol AG, Novozymes A/S, BASF SE, Ajay Bio-Tech Ltd., AgBiTech Pty Ltd., kemin industries, Arizona Biological Control, Inc. These players adopted various strategies to gain major market share in the industry including product launches, acquisitions, collaboration and others.
In September 2023, AtloxTM BS-50, a delivery system designed to particularly address the demands of the expanding biopesticide market, is a new product from Croda.
GLOBAL MICROBIAL BIOPESTICIDES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
AgBioChem, Inc.
Amit Biotech Pvt. Ltd.
Bayer AG
Andermatt Biocontrol AG
Novozymes A/S
BASF SE
Ajay Bio-Tech Ltd.
AgBiTech Pty Ltd.
kemin industries
Arizona Biological Control, Inc.