The biopesticides market was estimated to be worth USD 4.8 billion globally in 2022, and a compound annual growth rate (CAGR) of 11.5% is anticipated over the course of the forecast period. Technological developments and rising consumer awareness of product quality are driving the market. Biopesticides are used in agriculture to manage pests and are made from natural materials such as fungi, bacteria, and plants. In order to control pests without leaving dangerous chemical residues, farmers usually spray or apply them to crops.

The market for biopesticides is expanding as a result of a number of factors, including growing environmental consciousness and concern, which fuel demand for environmentally acceptable substitutes like biopesticides. The market for biopesticides is expanding as a result of government programs supporting biodiversity preservation, sustainable agriculture, and less chemical use.

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Growth Drivers

The market for biopesticides is expanding rapidly due to rising demand for these products as an alternative to chemical pesticides. The market is reaching new heights due to growing awareness and concern about the influence on the environment. Biopesticides are becoming more and more popular as compatible substitutes due to strict laws that support sustainable agriculture and restrict the use of synthetic pesticides. Since biopesticides complement organic agricultural methods, their use is growing as customer preferences for organic foods and commodities grow.

Continuous biopesticide technology research and development increases product efficacy, broadens the variety of pests managed, and boosts market competitiveness overall. Sustainable and efficient pest control in agriculture is supported by the use of integrated pest management strategies that combine several pest control techniques, such as biopesticides. The market for biopesticides is expanding as a result of government programs supporting biodiversity preservation, sustainable agriculture, and less chemical use.

Segmentation

By Type

Microbial Biopesticides

·         Bacteria

·         Fungi

Biochemical Biopesticides

·         Plant Incorporated Protectants

·         Plant Extracts

Botanical Biopesticides

·         Neem Based Products

·         Pyrethrum Extracts

Predatory Biopesticides

·         Predatory Insects

·         Parasitoids

Crop Type Segmentation

·         Cereals and Grains

·         Fruits and Vegetables

·         Oilseeds and Pulses

·         Cash Crops

·         Specialty Crops

·         Others

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Key Players

·         BASF SE

·         BAYER AG

·         SYNGENTA AG

·         UPL

·         FMC Corporation

·         Pro farm group Inc

·         Novozymes

·         Isagro

·         Nufarm

·         Koppert

·         Biobest Group NV

·         SOM Phytopharma India Limited

·         Valent Biosciences LLC

·         IPL Biologicals

·         Vegelab S.A.

·         Bioworks

·         BioNema

·         Other Players

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