The global biopesticides market size was US$ 7987.4 million in 2021. The global biopesticides market size is forecast to reach US$ 25770.5 million by 2030, growing at a compound annual growth rate (CAGR) of 13.9% during the forecast period from 2022 to 2030.

Biopesticide refers to pesticides made from natural resources, such as plants, animals, bacteria, and minerals. A biopesticide is a natural substance that controls pests (biochemical pesticides), a pest-controlling microbe (microbial pesticide), or a biochemical substance that regulates plant growth. Plant physiology and productivity can improve by using biopesticides in agricultural practices for insect control, disease control, weed control, nematode control, and nematode control. Biopesticides do not harm non-target organisms, including beneficial insects and wildlife. In addition, many biopesticides are also biodegradable. They decompose quickly and do not harm surface or groundwater. 

Factors Influencing Market Growth

• The growing organic food and farming industry across the globe increases demand for biological pesticides, which fuels the growth of the overall biopesticides market.
• A high level of specificity on target pests and a higher cost of biopesticides are some factors that may slow down the overall market.
• Factors such as the growing investment from leading crop protection companies in the biopesticide space, increasing awareness about environmental safety with biopesticide use, and government initiatives to promote the use of biopesticides are fueling the global market.

Impact Analysis of COVID-19

The COVID-19 pandemic disrupted the food and beverage industries worldwide. COVID-19 led to labor mobility restrictions, the closure of production plants, and a decline in demand for products, which hampered the market's expansion. In addition to logistics and transportation, the biopesticides market experienced interruptions in all phases of its value chain, from raw materials to manufacturing, packaging, and distribution. Additionally, this industry experienced severe labor shortages caused by lockdowns that disrupted manufacturing and trade operations. Due to low cash flow on the market, farmer demand for biopesticides declined in 2020. Thus, placing pressure on profit margins for biopesticide manufacturers. 

Regional Insights

The Asia Pacific held the majority share of the global market in 2021 and is forecast to remain dominant throughout the forecast period. As a result of the presence of agricultural operations in Asia-Pacific and the availability of different microbial and predator biopesticides designed for different pests, insects, and contaminants, the market is growing in this region. The growing agricultural sector in the Asia Pacific drives the demand for biopesticide products. This leads to growth in the market.

Leading Competitors

The leading prominent companies profiled in the global biopesticides market are:

• AgBioChem, Incorporated
• AgBiTech Pty Limited
• Ajay Bio-Tech Limited
• Amit Biotech Pvt. Limited
• Andermatt Biocontrol AG
• Arizona Biological Control, Incorporated
• BASF SE
• Bayer AG
• Kemin Industries
• Novozymes A/S
• Other Prominent Players

Scope of the Report

The global biopesticides market segmentation focuses on Product Type, Formulation, Crop Type, and Region.

Segmentation based on Product Type

• Microbial
• Predators
• Others

Segmentation based on Formulation

• Dry Form
• Liquid Form

Segmentation based on Crop Type

• Orchards
• Grazing And Dry Land
• Field Crops

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America