Press Release / Global Biopesticides Market
Biopesticides Market to Exhibit a CAGR of 16.0% from 2025 to 2032; FMC Corporation Launched Entazia, a New Biofungicide to Control Bacterial Leaf Blight
May 30, 2024 | Food & BeveragesThe global biopesticides market size stood at USD 8.73 billion in 2024. The market value is slated to rise from USD 10.12 billion in 2025 to USD 28.61 billion by 2032 at a CAGR of 16% during 2025-2032. Fortune Business Insights™ presents this information in its report titled “Biopesticides Market Size, Share & Industry Analysis, By Type (Bioinsecticide, Biofungicide, Bionematicide, and Others), By Source (Microbials and Biochemicals), By Mode of Application (Foliar Application, Seed Treatment, Soil Application, and Others), By Crop (Cereals, Oilseeds, Fruits & Vegetables, and Others), and Regional Forecast, 2025-2032”
Biopesticide is a type of pesticide manufactured using natural materials such as bacteria, animals, plants, and a few minerals utilized for pathogens and agricultural pests. The market expansion can be ascribed to the surging government initiatives to aid research and development activities.
The producers based in North America, Europe, and India were assisted in filling the void and bolstering their order intakes by the time-being closure of Chinese biopesticide manufacturing plants amid the COVID-19 pandemic. In addition, it created disturbances in the supply chain, which resulted in problems in raw material procurement for many producers and players relying on Chinese raw materials, who encountered many logistical challenges.
FMC Corporation Unveiled a New Biofungicide, Entazia, for the Control of Bacterial Leaf Blight
In August 2023, FMC Corporation, an America-based chemical manufacturing company, announced the launch of Entazia, a new biofungicide. It is a biological crop protection product made using Bacillus subtilis for controlling bacterial leaf blight in rice.
Market Value to Grow Owing to Ever-growing Demand for Organic Food
The biopesticides market growth is driven by the ever-increasing demand for organic food. Organic farming is growingly considered an ideal substitute to conventional methods to minimize the overall environmental impact.
Despite an expanding scope for the adoption of biopesticides, their prohibitive cost and limited shelf life may hinder the market growth.
Industry Participants Emphasize Product Innovations to Broaden their Portfolio
The prominent companies in the biopestides market are opting for various strategic initiatives to outshine the competition. Joint ventures, mergers & acquisitions, partnerships, and capacity expansions are some of the strategies. Moreover, many companies are investing huge amounts into research and development activities to launch advanced capabilities of biopesticides.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/industry-reports/biopesticides-market-100073
Key Players
- BASF SE (Germany)
- Syngenta AG (Switzerland)
- Bayer AG (Germany)
- Bioceres S.A. (Argentina)
- Novozymes (Denmark)
- Koppert Biological Systems (Netherlands)
- Floridienne SA (Belgium)
- Gowan Group (Ireland)
- Sumitomo Chemical Co., Ltd. (Japan)
- Certis USA LLC. (U.S.)
Key Industry Development
- January 2024: Simbiose, a company based in Brazil, announced the release of Frontier Control (Bacillus velezensis), which is a microbiological fungicide with a concentrated suspension (S.C.) formulation and is deployed for ground application.
Further Report Findings
- North America is slated to occupy the largest share during the forecast period due to the stringent rules and regulations about the use of synthetic crop protection chemicals for the protection of the environment from hazardous effects.
- The bioinsecticide is anticipated to be the leading segment during the forecast period as it is effective in terms of pest control.
- The foliar application segment is poised to capture a larger revenue chunk during the forecast period. The foliar application of the product results in fast growth of seedlings after germination. This factor is augmenting the foliar application segment growth.
- In terms of crop, the market is divided into fruits & vegetables, oilseeds, cereals, and others. The fruits & vegetables segment is poised to register a major biopesticides market share during the forecast period. The demand for fruits & vegetables is being impelled by the ever-rising popularity of organic produce among consumers. This factor is boosting the fruits & vegetables segment growth.
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2032 |
Historical Period | 2019-2023 |
Unit | Value (USD Billion) |
Growth Rate | CAGR of 16% from 2025 to 2032 |
Segmentation | By Type
By Source
By Mode of Application
By Crop
By Geography
|
- 2024
- 2019-2023
- 238
Clients
- Inquiry Before Buying
-
-