Biopesticides Global Market Report 2022

Major players in the biopesticides market are BASF SE, Syngenta AG, Bayer AG, Marrone Bio Innovation, Novozymes A/S, Koppert Biological Systems, FMC Corporation, International Panaacea Ltd, Som Phytopharma India Ltd, BioWorks Inc, Valent Biosciences LLC, Andermatt Biocontrol AG, Isagro S.p.A, Certis US L.L.C, DowDuPont, The Stockton (STK) Group, InVivo Group, Vegalab S.A, Biobest Group NV, STK Bio-ag, Bionema, Corteva Agriscience, Sumitomo Chemical Co. Ltd, Omnia Holdings Limited, Amit Biotech, Agbiochem Inc, Agbitech Pty Ltd, Arbico Organics, Arysta Lifescience, and Stoller.

The global biopesticides market is expected to grow from $4.23 billion in 2021 to $5.05 billion in 2022 at a compound annual growth rate (CAGR) of 19.4%. The market is expected to grow to $9.16 billion in 2026 at a compound annual growth rate (CAGR) of 16.0%.

The biopesticides market consists of sales of biopesticides by entities (organizations, sole traders, and partnerships) that include certain types of pesticides derived from natural materials such as animals, plants, bacteria, and certain minerals.Biopesticides are biological, natural substances that manage a wide range of agricultural pests found in forests, gardens, and farmlands.

This includes plant-incorporated protectants, biochemical pesticides, and microbial pesticides.

The main types of biopesticides are bioinsecticides, bio fungicides, bio nematicides, bioherbicides, others.Bio nematicides are biopesticides used to protect crops from nematode infestation.

The bio nematicides are environmentally friendly and have no negative effects on soil fertility or crop quality.The various sources of biopesticides include microbial, biochemicals, beneficial insects and are available in liquid and dry formulations.

Biopesticides are applied for different modes of application such as seed treATMent, soil treATMent, foliar spray, others.

North America was the largest region in the biopesticides market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The rising demand for organic food is expected to propel the growth of the biopesticides market going forward.During the COVID 19, the demand for organic food has increased as buyers perceived it as healthier and good for immunity.

Biopesticides are composed of toxins found in living organisms that are harmful to pests that attack plants but have no effect on the plant itself, therefore reducing soil pollution and erosion.As a result, biopesticides are used in organic crop production.

For instance, according to the Healthline report, U.S. consumers spent nearly $56 billion on organic produce in the year 2020. In addition, according to the US Organic Trade Association, organic product sales reached 12.4% in 2020, surpassing $60 billion for the first time and more than twice the previous year’s growth. Therefore, the rising demand for organic food will drive the growth of the biopesticides market.

Technological advancement has emerged as a key trend in the biopesticides market.Biopesticides manufacturers are developing new bacterial strains using new technologies for biological control of pests and plant diseases.

For instance, in February 2021, Ballagro Agro Technology Ltd., a Brazil-based agricultural company launched biopesticide Acera based on Embrapa technology. Acera is a biopesticide formed by mixing two isolates of Bacillus thuringiensis (BT) bacteria. Bacillus thuringiensis (BT) is a bacterial species that produce proteins with poisonous effects for insects but not for humans or other animals. It is not harmful to the environment, unlike chemical pesticides. The substance must be sprayed on the leaves, and the caterpillars are influenced by the action of such proteins when they eat them. The product will benefit crops such as soybeans, corn, and cotton in particular.

In October 2020, Syngenta Group, a Switzerland-based company that provides agricultural science and technology acquired Valagro for an undisclosed amount.This acquisition strengthens Syngenta Group’s goal of offering farmers more complimentary product and technology options, which reinforces the company’s commitment to making agriculture more resilient and sustainable.

Valagro is an Italy-based company that is specialized in the manufacturing and sale of biostimulants and specialty nutrients.

The countries covered in the biopesticides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.