Biological Pesticide Market Size, Share, Growth, and Industry Analysis, By Type (Botanical Pesticide & Zooid Pesticide), By Downstream Industry (Agriculture & Forestry) and Regional Forecast to 2032

Updated On: 02 September 2024

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BIOLOGICAL PESTICIDE MARKET REPORT OVERVIEW

The global Biological Pesticide Market Size was USD 1.74 billion in 2023 and the market is projected to touch USD 4.31 billion in 2032, exhibiting a CAGR of 9.48% during the forecast period.

The biological pesticide market is growing at a fast pace due to major changes in the sector of agriculture, where more and more attention is being given to bio- and eco-friendly ways of pest control. Organic pesticides, which are biological control agents that are readily obtained from bioorganisms, plants, and minerals, are effective and harmless to humans and other animals. This makes these products specific to certain pests and diseases with minimal effect on other living creatures and the ecosystem in general.

COVID-19 Impact: Market Growth Restrained During Pandemic Due to supply discontinuity

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID-19 pandemic affected the biological pesticide market in a negative way, mainly due to disruptions of supply chains and reduced agricultural activities during the periods of the lockdowns. The market was affected as manufacturing and distribution were affected, and the farmers reduced or even adjusted the frequency of using pesticides due to the instability of the economy. Also, the COVID-19 outbreak caused disruptions in the execution of research activities and the subsequent delayed introduction of innovations in the form of biological pesticide products.

LATEST TRENDS

"The biological pesticide market is growing due to microbial solutions"

Being one of the most current trends in the biological pesticide market, the focus is shifting towards the combination of biological control methods and the Downstream Industry of precision agriculture technologies. One prompting factor is the rising tendency toward microbial pest control, especially bacteria and fungi, as they entailed pests and at the same time improved the fertility of the soil. It can be explained by the development of biotechnology that enhances the effectiveness and stability of such products and by the growing interest in organic farming. It is believed that the Downstream Industry of microbial solutions will grow since they are safer for use and more environmentally friendly than chemical pesticides.

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SEGMENTATION

By Type

Based on type the market can be categorized into Botanical Pesticide & Zooid Pesticide.

Botanical pesticides: derived from plant extracts and offer natural pest control solutions. The growing interest in organic farming and sustainable practices drives the demand for these plant-based alternatives.

Zooid pesticides: based on natural predators or parasites that target pests, such as beneficial insects or mites. They work by controlling pest populations through biological interactions rather than chemicals. The increasing focus on integrated pest management and ecological balance is boosting the adoption of zooid pesticides.

By Downstream Industry

Based on Downstream Industry the market can be categorized into Agriculture & Forestry

Agriculture: In the field of agriculture, many biologicals are used in the form of pesticides in order to fight pests and diseases, thus encouraging integrated mechanisms for farming. They assist in the conservation of chemical pesticides, hence the health and productivity of the crops. This has been precipitated by the rising concerns about consumers’ preference for organic food as well as serving to preserve the environment.

Forestry: biocontrol agencies are used in a bid to control pests, which negatively affect the forest ecosystem and timber quality. They are environmentally friendly ways of protecting trees and minimizing damage to the trees without adversely affecting wildlife. Their use is useful in the promotion of sustainable forest management and, more importantly, in the conservation of biodiversity.

DRIVING FACTORS

"Rising demand for organic produce drives growth"

The demand for organic produce is gradually rising more than it was in the past, which is likely to drive the biological pesticide market. Because the overall method of organic farming involves the use of natural pest control to control pests, farmers use biological pesticides to meet the regulatory agencies’ certification and also to satisfy consumers’ demands for chemical-free food products.

"Regulatory pressure drives market growth for eco-friendly bio-pesticides"

Ministries of different countries have stepped up their measures on chemical pesticides in a bid to cut further their effects on the environment. This regulatory pressure leads to the use of bio-pesticides in agriculture because they are regarded as environmentally friendly and less toxic to other forms of life and the environment which lead to Biological Pesticide Market Growth.

RESTRAINING FACTOR

"High costs of biological pesticides limit market growth, especially for smallholders"

High cost of biological pesticides compared to chemical pesticides is a major limiting factor in the growth of this market. Thus, the costs associated with getting started with biological pesticides pose a challenge, especially for smallholder farmers in the developing world. This cost difference can act as a brake in the process of substituting biological replacements.

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BIOLOGICAL PESTICIDE MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America leads pesticide market growth due to sustainability"

North America is the largest consumer of biological pesticides due to its well-developed agriculture, keen interest in the research and development of new products, and high standards of environmental concern. The elements of sustainable farming and innovative biotechnology propel the market in the region. Moreover, it has good infrastructure in terms of distribution channels, and customers in North America are more aware of going green and preferring products that are organic.

KEY INDUSTRY PLAYERS

"Heavy investments and strategic moves drive market growth"

That is why the industry’s major participants have been investing heavily in the development of new materials and an effective biological pesticide market. Strategic alliances and acquisitions of firms in agriculture increase the availability and accessibility of their products in the market. Also, these companies create market demands for their biological pesticides and promote their advantages in the fight against pests and diseases, striving for the achievement of sustainability goals.

List of Market Players Profiled

• Nichino
• Sumitomo chemical
• DuPont
• Nufarm
• ADAMA
• Mitsui Chemicals

INDUSTRIAL DEVELOPMENT

April 2023: Bayer Crop Science received (EU) approval for their new bioinsecticide, Xentari DG. This innovation utilizes a specific strain of Bacillus thuringiensis bacteria to target the diamondback moth, a major vegetable crop pest. This development highlights the ongoing advancements in the biological pesticide market, offering farmers a more natural and potentially safer alternative for pest control.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Biological Pesticide Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose Downstream Industry may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.