PUBLISHER: TechSci Research | PRODUCT CODE: 1668167
PUBLISHER: TechSci Research | PRODUCT CODE: 1668167
We offer 8 hour analyst time for an additional research. Please contact us for the details.
Global Bio Pesticides Market was valued at USD 6.72 Billion in 2024 and is expected to reach USD 11.64 Billion by 2030 with a CAGR of 9.55% during the forecast period. Biopesticides are pesticides derived from natural sources such as plants, animals, and microorganisms. They are utilized in agricultural practices to effectively manage insects, diseases, weeds, nematodes, and other pests, while also improving plant health and productivity. What sets biopesticides apart is their minimal impact on non-target organisms like wildlife and beneficial insects.
Market Overview | |
---|---|
Forecast Period | 2026-2030 |
Market Size 2024 | USD 6.72 Billion |
Market Size 2030 | USD 11.64 Billion |
CAGR 2025-2030 | 9.55% |
Fastest Growing Segment | Bioinsecticides |
Largest Market | North America |
Furthermore, biopesticides exhibit environmental degradation, rapidly breaking down in the environment without causing harm to groundwater or surface water. Due to their efficacy at low concentrations, pollution concerns are minimized. Primarily used in plant and crop treatments, biopesticides are increasingly replacing synthetic pesticides, contributing significantly to sustainable and environmentally friendly agricultural practices. These techniques promote plant growth without relying on synthetic or chemical pesticides, ensuring the safety of people and animals. With their growing recognition in the agriculture sector, the market for biopesticides is poised to experience rapid expansion.
Key Market Drivers
Increasing Adoption of Biopesticides
The growth of the global biopesticides market is being significantly propelled by the increasing adoption of these substances in agricultural practices around the world. Biopesticides, being derived from natural materials like animals, plants, bacteria, and minerals, offer an environmentally friendly alternative to synthetic pesticides. They have minimal impact on non-target species and biodiversity, reducing the risk of water contamination and residual toxicity in crops. As the global community becomes more environmentally conscious, the demand for such sustainable solutions is growing. In November 2023, FMC introduced Ethos Elite LFR, a new insecticide/biofungicide premix crop protection product for the U.S. market. This innovative solution combines the proven efficacy of bifenthrin, a trusted pyrethroid insecticide, with two proprietary biological strains from FMC-Bacillus velezensis strain RTI301 and Bacillus subtilis strain RTI477. Designed to provide broad-spectrum protection, it effectively combats early-season diseases and soilborne pests.
Governments are also encouraging the use of biopesticides through favorable regulations and incentives, which further boosts their acceptance. In addition, advancements in biotechnology have led to the development of highly effective biopesticides, thereby enhancing their marketability. Farmers are now recognizing the long-term economic benefits of using biopesticides, such as reduced resistance in pests and improved soil health, leading to higher crop yields. All these factors combined are expected to drive the increased demand for biopesticides globally.
Key Market Challenges
Limited Shelf Life
Biopesticides have emerged as a sustainable and environmentally friendly alternative to conventional chemical pesticides. However, their limited shelf-life poses a significant challenge that could negatively affect their global demand. Biopesticides, being biological agents, are particularly sensitive to storage conditions. Exposure to heat, light, and moisture can rapidly degrade their effectiveness, shortening their shelf-life to just a few months compared to several years for chemical pesticides. This limited shelf-life not only increases the risk of waste due to expired stock but also necessitates more frequent, often costly, purchases for farmers. Additionally, the requirement for specialized storage facilities to extend the lifespan of these products adds to the overall cost and complexity of their usage. Moreover, the short shelf-life of biopesticides complicates distribution and supply chain management, particularly in developing countries with inadequate infrastructure. These challenges are expected to hinder the adoption of biopesticides among farmers globally, potentially slowing down the growth of the biopesticides market. Despite the environmental benefits, the practical disadvantages associated with the limited shelf-life of biopesticides could decrease their demand in the global agricultural sector.
Key Market Trends
Rising Costs Associated with Synthetic Pesticides
Globally, the demand for biopesticides is anticipated to escalate, driven by the surging costs of synthetic pesticides. Not only does the high manufacturing cost of synthetic pesticides burden agricultural businesses, but the indirect costs associated with their usage, such as environmental degradation, health hazards, and the loss of biodiversity, are also increasing. These heightened expenses are steering the agricultural sector towards more sustainable and cost-effective alternatives, like biopesticides. Biopesticides, derived from natural materials like animals, plants, bacteria, and minerals, are not only significantly less expensive to produce, but they also pose fewer risks to the environment and human health. Their ability to biodegrade and leave minimal residual effects reduces the probability of harmful environmental impacts, making them a promising investment for the future. In September 2022, Corteva Agriscience entered into an agreement to acquire Symborg, a leading biologicals-based company, as part of its strategic expansion in the biological's portfolio. This strategic move aims to propel Corteva Agriscience towards global leadership in the agricultural biologicals market. Furthermore, as regulatory bodies worldwide tighten the rules around synthetic pesticide use to protect the environment, the shift towards biopesticides becomes even more appealing. Hence, the compounding pressure of rising production costs, environmental consciousness, and stringent regulations is expected to fuel the global demand for biopesticides.
In this report, the Global Bio Pesticides Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Bio Pesticides Market.
Global Bio Pesticides market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: