Market Overview:
Biogenic Pesticide Market Size Was Valued at USD 3,700.00 Million in 2022, and is Projected to Reach USD 9,226.70 Million by 2030, Growing at a CAGR of 12.10% From 2023-2030.
The term Biogenic Pesticide refers to substances that are employed to control agricultural pests through unique biological effects. It refers to goods made with biocontrol agents, or substances made from living things, such as natural creatures. Biogenic pesticide is a method that poses less harm to people and the environment than using chemicals or pesticides made from chemicals. Environmental safety and host specificity are two of the main benefits of using biogenic pesticides to treat agricultural pests. Compared to chemical pesticides, the costs associated with developing and registering a biogenic pesticide are considerably lower. In addition, both the public and private sectors need to do extensive research on the creation of biogenic pesticides due to the ongoing evolution of chemical resistance and more stringent legislation.
Top Key Players Covered In The Biogenic Pesticide Market:
- Novozymes A/S (Denmark)
- Nufarm (Australia)
- Biobest NV (Belgium)
- Isagro S.P.A (Italy)
- Marrone Bio Innovations (US)
- Vegalab S.A (US)
- BASF SE (Germany)
- Andermatt Biocontrol AG (Switzerland)
- Bayer AG (Germany)
- Koppert Biological Systems (Netherlands)
- UPL Limited (India)
- STK Bio-Ag Technologies (Israel)
- Certis Biologicals (US)
- Bionema (UK)
- FMC Corporation (US)
- Bioworks Inc. (US)
- SOM Phytopharma India Ltd. (India)
- Valent Biosciences LLC (US)
- Syngenta AG (Switzerland)
- IPL Biologicals Ltd. (India), and Other Major Players
Market Dynamics and Factors:
Increasing consumer awareness regarding the harmful effects of synthetic pesticides on human health and the environment. Consumers are increasingly seeking safer and more sustainable alternatives, prompting a shift towards biogenic pesticides derived from natural sources such as plants, bacteria, fungi, and minerals. Moreover, stringent government regulations aimed at reducing the use of synthetic chemicals in agriculture have further bolstered the demand for biogenic pesticides.
Advancements in biotechnology and sustainable agriculture practices have also contributed to the expansion of the biogenic pesticide market. Biotechnological innovations have enabled the development of novel formulations with enhanced efficacy and reduced environmental impact. Furthermore, collaborations between researchers, industry players, and agricultural stakeholders have facilitated the adoption of integrated pest management (IPM) strategies, which emphasize the use of biogenic pesticides in conjunction with other pest control methods to minimize pesticide residues and maximize crop yields.
The Biogenic Pesticide Market Report Highlight:
- By Type, the Microbial Pesticides segment is Anticipated to Dominate the Market Microbial Pesticides are quite efficient against a variety of pests, including nematodes, fungi, and insects. Microbial pesticides kill or incapacitate pests by infecting them with bacteria, fungi, or viruses. They do not affect helpful insects or other environmental species because of their great pest specificity.
- By Application, the rising demand for environmentally friendly alternatives to conventional herbicides. Biogenic pesticides offer effective solutions for managing weed populations while minimizing adverse effects on ecosystems and human health. Leveraging natural compounds derived from plants, microorganisms, or minerals, these products provide farmers with sustainable tools to combat weed infestations without compromising soil fertility or contaminating water sources.
- By Region, The North American locale, especially the US, has serious areas of strength for an advanced farming industry that depends vigorously on pesticides. Biogenic pesticides have acquired prevalence around here as they offer a more secure and more practical option in contrast to engineered pesticides.
Key Industry Development:
In December 2023, Biobest NV, a global leader in sustainable biological pest control solutions headquartered in Belgium, proudly announced its recent acquisition of the biological control business of Koppert Biological Systems in the United States and Canada. This strategic move marks a significant milestone for Biobest, reinforcing its commitment to advancing sustainable agriculture and expanding its footprint in North America.
In November 2023, Ufarm, a leading agricultural solutions provider based in Australia, proudly announced its recent strategic move to acquire a majority stake in Biocontrol Tech, a prominent biocontrol company headquartered in Brazil. This acquisition marks a significant expansion of uFarm's biopesticide portfolio into the thriving South American market.
The Biogenic Pesticide Market Segmentation:
By Type
- Microbial Pesticides
- Biochemical Pesticides
- Plant-Incorporated-Protectants
By Application
- Insect Control
- Weed Control
- Plant Disease Control
For this report, Introspective Market Research has segmented the Biogenic Pesticide Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
