The global biopesticides market is projected to grow at a CAGR of 15.3% from an estimated value of USD 4.6 billion in 2020 to reach USD 7.5 billion by 2025.

The global biopesticides market is increasing significantly as it provides a wide range of benefits to shippers, growers, food processors, retailers, and end-users. Moreover, apart from the usage of food, they are also contributing towards the protection of turf, forests, and ornamentals. They are also used for the betterment of public health where they are used for managing diseases and nuisances for instance for mosquito control.

The benefit of using biopesticides in agriculture is indirectly associated with the health of humans. The application in agriculture helps commercial growers in delivering healthy and affordable fruits and vegetables to consumers around the globe. The biopesticides comprise targeted modes of action that allow the commercial growers to preserve beneficial insects or the natural predator’s population in their fields by helping the commercial grower to reduce the reliance on conventional chemical pesticides.

Biopesticides comprise certain types of pesticides that are derived from such natural materials as animals, plants, bacteria, and certain minerals. For example, canola oil and baking soda have pesticide applications and are considered biopesticides.

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Biopesticides are also known as an integral component of integrated pest management programs that combines cultural and chemical practices to maximize the production efficiency of agriculture and enhance environmental safety concerns. The biopesticides with these features provide flexibility to commercial growers. Since the biopesticides have a short restricted entry and harvest interval that helps in further managing the ripening process of crops. Biopesticides can be used to treat the plants by using foliar sprays, seed treatment, and soil treatment or can be applied post-harvest.

On the basic mode of application, the biopesticides market is categorized into seed treatment, soil treatment, foliar spray, and post-harvest. During the forecast period, the market for the application of biopesticides via foliar spray held the largest revenue share in the global biopesticides market as it is available at a lower cost in comparison to other categories, very convenient to use, and also helps in covering the overall area of the leaf. Moreover, also helps in cutting down the problem of leaching in soils.

The increasing awareness regarding hazardous chemical pesticides and the growing demand for organic food is driving the growth of the global biopesticides market. The use of synthetic fertilizers consumption has drastically increased and developed several harmful effects on human health. The introduction of biopesticides has eliminated such a negative impact created by chemical fertilizers and is considered to be a friendly option for non-targeted species.

The increasing growth in bio-control seed treatment solutions and the use of essential oil-based insecticides in organic agriculture is creating opportunities for the global biopesticides market. The plant essential oils are observing a broad spectrum of activity against pest insects and plant pathogenic fungi that are ranging from repellent, insecticidal, antifeedant, growth regulatory, and anti-vector activities. The wide availability of essential oils from the flavor and fragrance industries and has made it possible to fast track commercialization of essential oil-based pesticides and is thus driving the growth of the global biopesticides market. The lack of awareness and low adoption rate of biopesticides is the major restraint observed in the growth of the global biopesticides market.

Geographically, North America is expected to be the largest biopesticides market. Biopesticides are helping the region to promote healthy crops and thereby increasing the saleability frequency of the commercial crops. Increasing demand for organic food and stringent food safety regulations are major factors driving the growth of the North American biopesticides market.

Some of the key players operating in the global biopesticides industry are Bayer AG, BASF SE, The DOW Chemical Company, Monsanto Company, Marrone Bio Innovations Inc., Isagro SPA, Valent Biosciences Corporation, Certis USA L.L.C., W. Neudorff GmbH Kg, Koppert B.V., Bioworks, Inc., and Camson Bio Technologies Limited.

Source: VynZ Research