Recent Biopesticides Market Developments, Comprehensive Analysis, Industry Revenue Figures, Outlook, and Study of Top Players until 2028

Increased demand for food and growth of other industries is expected to drive biopesticides market growth.

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The biopesticides market is projected to grow from USD 6.7 billion in 2023 to USD 13.9 billion by 2028 growing at a CAGR of15.9% during the forecast period. The surging consumer demand for organic and pesticide-free food has significantly propelled the biopesticides market. Farmers engaged in organic crop production heavily rely on biopesticides to meet consumer expectations and maintain compliance with stringent organic certification standards. Moreover, the increasing global demand for sustainable agricultural practices has emerged as a pivotal driver. Biopesticides serve as an eco-friendly alternative to synthetic pesticides, perfectly aligning with the overarching goal of sustainable farming by mitigating environmental impact.

"Biofungicides is the second largest segment among types of biopesticides in 2022. "

The increasing consumer demand for food products free from pesticide residues has contributed to the rising popularity of biofungicides. Biofungicides are favored as they leave minimal to no residue on crops. Copper-based biofungicides, like Bordeaux mixture, have been widely employed in organic farming for many years to effectively control fungal diseases without leaving harmful residues.Furthermore, the growing adoption of sustainable farming practices has further propelled the demand for biofungicides. These eco-friendly solutions align with integrated pest management (IPM) strategies and organic farming principles. For instance, biofungicides derived from Trichoderma species, such as Trichoderma harzianum, offer dual benefits by effectively combating diseases like Fusarium and Rhizoctonia while promoting plant growth and enhancing soil health.

"The application of biopesticides in fruits & vegetables is accounting for the largest share in the crop type segment."

The demand for pesticide-free and residue-free fruits and vegetables is rising among consumers. Biopesticides, derived from natural sources, provide a safer alternative to chemical pesticides while leaving minimal residues on crops. This meets the growing preference for healthier and more sustainable food choices. Fruits and vegetables rely on beneficial insects for pollination and pest control, and biopesticides pose minimal risks to these organisms, ensuring their survival and maintaining ecological balance. Additionally, many biopesticides have shorter pre-harvest intervals, allowing farmers to manage pests closer to harvest time without exceeding residue limits, providing flexibility in pest and disease management.

"Asia Pacific is projected to witness substantial growth during the forecast period in the biopesticides market."

The Asia Pacific region is characterized by its diverse range of crops and high pest pressure, creating a strong demand for effective pest control solutions. Biopesticides have emerged as targeted alternatives for managing specific pests and diseases while minimizing environmental impact. For example, in rice cultivation, biopesticides based on Bacillus thuringiensis have proven successful in controlling the rice stem borer, a major pest in the region. Moreover, the Asia Pacific region has experienced notable growth in organic farming, where biopesticides play a vital role in pest management strategies. Organic farmers rely on biopesticides to meet the increasing consumer demand for organic produce, driving the adoption and market growth of these eco-friendly solutions in the region.

The Break-up of Primaries:

By Value Chain: Demand Side - 41.0%, Supply-side - 59.0%
By Designation: CXOs - 31.0%, Managers level - 24.0%, Executives - 45.0%
By Region: North America-24.0%, Europe - 29%,APAC-32.0%, RoW - 15.0%

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭:
BASF SE (Germany)
Bayer AG (Germany)
Syngenta AG (Switzerland)
UPL (India)
FMC Corporation (US)
Pro Farm Group Inc. (US)
Novozymes (Denmark)
Isagro S.p.A (Italy)
Nufarm (Australia)
Certis USA L.L.C. (US)
Koppert (Netherlands)
Biobest Group NV (Belgium)
SOM Phytopharma India Ltd (India)
Valent BioSciences LLC (US)
Stockton bio-ag technologies (Israel)
Andermatt Group AG. (Switzerland)
IPL Biologicals (India)
Vegalab S.A (US)
BioWorks, Inc. (US)
BIONEMA (Wales)

➡️ 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=216867

𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report segments the biopesticides market based on formulation, type, crop type, source, mode of application, and region. In terms of insights, this report has focused on various levels of analyses-the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the biopesticides market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, services; key strategies; Contracts, partnerships, and agreements. New product launches, mergers and acquisitions, and recent developments associated with the biopesticides market. Competitive analysis of upcoming startups in the biopesticides market ecosystem is covered in this report.

𝐊𝐞𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐛𝐮𝐲𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall biopesticides market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities. The report provides insights on the following pointers:

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