Biopesticides Market size was over USD 6.93 billion in 2024 and is poised to exceed USD 35.13 billion by 2037, growing at over 13.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of biopesticides is evaluated at USD 7.71 billion.
The growth of the biopesticides market can be attributed to the rapid surge in organic agricultural practices worldwide, backed by the growing demand for organic food, followed by the rise in awareness about environmental safety and the benefits associated with the use of biopesticides, along with the increasing technological advancements and innovation in the field of agricultural science. Moreover, stringent government regulations for the use of toxic pesticides, is also expected to create numerous opportunities for market growth.
One of the major factors that is expected to drive the market growth is the growing availability of organic agricultural land, where biopesticides are used widely. Moreover, growing sales of organic food products in several countries worldwide, backed by the shift in preferences of consumers towards such food products, along with the rise in demand for natural plant protection solutions are some of the other factors anticipated to contribute to the market growth.
Growth Drivers
Challenges
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
13.3% |
|
Base Year Market Size (2024) |
USD 6.93 billion |
|
Forecast Year Market Size (2037) |
USD 35.13 billion |
|
Regional Scope |
|
The global biopesticides market is segmented by class into biochemical pesticides, microbial pesticides, and plant-incorporated protectants. Amongst these segments, the microbial pesticides segment is expected to hold the largest market share throughout the forecast period and further attain a market share of 37.67% by the end of 2037. Further, on the basis of species, the market is segmented into Bacillus, Trichoderma, Streptomyces, Pseudomonas, Paecilomyces, and others. Out of these, the Bacillus segment is anticipated to hold the largest market revenue of USD 12270 Million by the end of 2037. The market is further segmented by type into insecticides, herbicides, bactericides, fungicides, and nematicides. Amongst these segments, the insecticides segment is expected to hold the largest market revenue throughout the forecast period and further attain the market share of 10.54% by the end of 2037. The segment is further expected to grow with a CAGR of 12.6% during the forecast period.
The market is further segmented by formulation into liquid pesticides, and dry formulation, out of which, the dry formulation segment is anticipated to grow with the highest CAGR of 14% during the forecast period. On the basis of mode of application, the market is segmented into foliar spray, dusting, soil treatment, seed treatment, and others. Out of these, the foliar spray segment is anticipated to hold the largest market share and further attain a share of 10.32% by the end of 2037. Based on crop type, the market is segmented into cereals & grains, pulses, fruits, vegetables, and others. Out of these, the cereals & pulses segment is anticipated to hold the largest market revenue of USD 4698.8 Million by the end of 2037. The market is also segmented on the basis of end user into agriculture farms, greenhouses, nursery, and lawn & garden. Amongst these, the agriculture farms segment is expected to hold the largest market share of 25.30% by the end of 2037.
North America Market Statistics
North America industry is expected to account for largest revenue share of 38% by 2037, attributed to growing demand for healthy and clean food amongst the consumers, increasing favorable initiatives of the government, and surge in sales of organic food products.
APAC Market Analysis
On the other hand, the market in the Asia Pacific is expected to grow with the highest CAGR of 14.8% during the forecast period. Further, the market in Europe is expected to hold the second leading stance by registering a share 10.73% by the end of 2037. The market in Europe is segmented by country into the UK, Germany, Italy, France, Spain, Russia, Netherlands, and Rest of Europe, out of which, the market in France is anticipated to hold the highest market share of 17.43% by the end of 2037 and further attain a market revenue of USD 580.7 Million.
March 30, 2021: BASF SE announced that it has signed an agreement with AgBiome to launch a new fungicide in Europe and for key countries in Africa and the Middle East.
October 14, 2020: Isagro S.p.A. announced that it has successfully acquired Phoenix-Del S.r.l. for a transactional value of around USD 4.23 Million. The acquisition will help Isagro to advance in the field of copper-based fungicides and biosolutions.
Author Credits: Nilanjana Ray
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