Stratview Research has recently published a report on the Biopesticides Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.

The Biopesticides Market is Segmented by Product Type (Bioherbicides, Bioinsecticides, Biofungicides, and Others), by Application Type (Seed Treatment, Foliar Spray, and Soil Spray), by Crop ?Type (Grains & Oil Seeds, Fruits & Vegetables, and Others), by Form Type (Dry and Liquid), by Source Type (Microbial, Biochemical, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Biopesticides Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Biopesticides Market  is estimated to grow from USD 5.77 billion in 2022 to USD 13.65 billion by 2028 at an impressive CAGR of 15.43% during the forecast period.

Some of the companies drives the market growth:

  • Arysta Lifescience
  • Bayer
  • Bioworks
  • Futureco Bioscience
  • Bio Huma Netics Inc.
  • Koppert B.V.
  • Stoller
  • Syngenta
  • BASF SE
  • Parry America, Inc.
  • International Panaacea Ltd
  • Valent BioScience.

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Segment Analysis

By Product Type

The market is segmented as bioherbicides, bioinsecticides, biofungicides, and others. Biofungicides are expected to witness significant growth during the forecast period.

The growth of the segment is driven by technological advancements, which have led to the development of highly effective biofungicides to reduce the damage caused by disease-causing bacteria among others.

Furthermore, product development with capability to weather high temperatures will escalate the market share of biopesticides over the forecast period.

By Application Type

The market is segmented as seed treatment, foliar spray, and soil spray. Foliar spray application dominated the overall industry accounting for more than 80% share in 2021.

The segment is estimated to maintain its incontestable lead during the forecast period as well. Biopesticides application employing foliar spray ascertains efficient pest control and increases plant productivity.

Furthermore, growing usage of foliar spray in crop protection owing to availability of spray ingredients and ease in application will fuel the biopesticides market growth over the forecast period.

By Crop Type

The market is segmented as grains & oil seeds, fruits & vegetables, and others. The fruits & vegetables segment is estimated to account for the major share of the market during the forecast period.

Increasing global demand for organic fruits & vegetables coupled with growing awareness regarding healthy diet is driving the growth of the segment.

By Source Type

The market is segmented as microbial, biochemical, and others. Microbial biopesticides are expected to register the fastest growth during the forecast period.

Proven to be the effective alternatives for places, where use of conventional pesticides is restricted, they dominate the global biopesticides market, thereby significantly contributing to the growth of the segment.

Research Methodology

  • This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
  • More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
  • We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

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