Biopesticides Market Report
Biopesticides Market Thrives on Sustainable Agriculture: Microbial and Biochemical Alternatives Witnessing Robust Growth, Asia-Pacific Leads Revenue Share.
โ Allied Market Research
WILMINGTON,NEW CASTLE, DELAWARE 19801 USA, UNITED STATE, January 14, 2024 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, โBiopesticides Market,” The biopesticides market was valued at $7,012.70 million in 2020, and is estimated to reach $33,638.90 million by 2031, growing at a CAGR of 13.9% from 2022 to 2031.
๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐ ๐ ๐จ๐ซ ๐๐ง๐ฌ๐ญ๐๐ง๐ญ ๐๐๐ :
Biopesticides are essential microbial toxins that can be defined as a biological poison derived from a microorganism, such as a bacterium or a fungus. Pathogenesis by microbial entomopathogens occurs by the invasion of the pathogen through the gut of the insect followed by its multiplication, resulting in the death of the insect.
๐๐๐ฏ๐๐ง๐ญ๐๐ ๐๐ฌ ๐จ๐ ๐๐ข๐๐ซ๐จ๐๐ข๐๐ฅ ๐๐ง๐ ๐๐ข๐จ๐๐ก๐๐ฆ๐ข๐๐๐ฅ ๐๐๐ฌ๐ญ๐ข๐๐ข๐๐๐ฌ:
Microbial pesticides, containing microorganisms like bacteria or fungi, and biochemical pesticides, incorporating naturally occurring substances such as insect sex pheromones and plant extracts, offer several advantages to farmers. They present competitive pricing and efficiency, making them viable alternatives in situations where conventional chemical pesticides and genetically modified crops face regulatory restrictions.
Biopesticides not only comply with market-imposed requirements for pest management programs by food processors and retailers but also meet stringent organic farming requirements. Importantly, they are environmentally friendly, exempt from maximum residue limits (MRL) applied to synthetic pesticides, and contribute to the prevention of insect, fungal, and bacterial resistance.
๐๐๐ค๐ ๐ ๐๐ข๐ซ๐๐๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
๐๐ก๐ ๐๐จ๐ฅ๐ ๐จ๐ ๐๐ข๐จ๐ฉ๐๐ฌ๐ญ๐ข๐๐ข๐๐๐ฌ ๐ข๐ง ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ฅ๐ ๐๐ ๐ซ๐ข๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐:
Integral to sustainable agriculture is an effective Integrated Pest Management (IPM) program. This approach utilizes biological controls, cultural practices, and chemical management to control pest populations. Biopesticides, being environmentally safe and not harmful to soil or water, offer a crucial advantage in sustainable agriculture. The adoption of biopesticides is on the rise, fueling the growth of the global biopesticides market.
As synthetic pesticides face declining availability due to new legislation and evolving resistance in pest populations, biopesticides become crucial components in IPM programs. Post-genomics technologies combined with ecological science present new opportunities for biopesticide development in IPM. However, this evolution brings forth regulatory and economic challenges that necessitate collaboration between scientists, policymakers, and the biopesticides industry.
๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ ๐๐๐ญ๐จ๐ซ๐ฌ:
The biopesticides market is witnessing a surge in adoption, driven by the increasing sales and growing demand for environmentally safe pest control solutions. Presently, Europe and LAMEA collectively contribute approximately 40% of the global market share, with emerging countries like Brazil, Argentina, and Chile displaying substantial growth potential due to high agricultural operations and a significant population shift toward the agricultural sector.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐:
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ:
The biopesticides market is segmented based on product type, formulation, crop type, and region. Microbial, predators, and others constitute the product type segment, while dry form and liquid form make up the formulation segment. Crop types include orchards, grazing & dry land, and field crops.
๐๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐ฌ๐ญ๐ฎ๐๐ฒ ๐ข๐ง๐๐ฅ๐ฎ๐๐:
Asia-Pacific accounts for the largest revenue share, with a significant CAGR expected from 2022 to 2031, followed by North America.
In 2021, the orchards crop type segment accounted for approximately 40% share and is projected to grow at the highest rate.
North America is anticipated to grow at the highest CAGR of 13.8% from 2022 to 2031.
The U.S. generated the highest revenue in 2021, accounting for approximately 20% share of the global market.
Brazil is expected to grow at a significant CAGR of 15.4% during the forecast period.
Regional Insights:
โข Asia-Pacific: Leading in revenue share, this region is experiencing significant growth with a promising CAGR from 2022 to 2031.
โข North America: Projected to have the highest CAGR of 13.8%, reflecting the growing importance of biopesticides in the region.
โข Europe and LAMEA: Contributing about 40% of the global market in 2021, these regions play a crucial role in the biopesticides market landscape.
๐๐ข๐จ๐ฉ๐๐ฌ๐ญ๐ข๐๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐:
Microbial
Predators
Others
๐๐ฒ ๐
๐จ๐ซ๐ฆ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง:
Dry Form
Liquid Form
๐๐ฒ ๐๐ซ๐จ๐ฉ ๐๐ฒ๐ฉ๐:
Orchards
Grazing and Dry Land
Field Crops
๐๐๐ฅ๐ค ๐ญ๐จ ๐จ๐ฎ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ:
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. Arizona Biological Control, Inc.
2. Ajay Bio-Tech Ltd.
3. AgBiTech Pty Ltd.
4. Bayer AG
5. Amit Biotech Pvt. Ltd.
6. Kemin Industries
7. Novozymes A/S
8. AgBioChem, Inc.
9. Andermatt Biocontrol AG
10. BASF SE
These key market players contribute significantly to the biopesticides market, each bringing unique products and innovations to the industry. Their collective efforts contribute to the growth and development of sustainable pest management solutions in agriculture.
David Correa
Allied Market Research
+ 1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Article originally published on www.einpresswire.com as Biopesticides Market Soars: Projected to Reach $33.6 Billion by 2031 with a 13.9% CAGR