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Biological Pesticide Market

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The global biological pesticides market size is projected to surpass US$ 6.5 billion by 2027, and register a CAGR of 16.1% over the forecast period (2019 – 2027).
Biological Pesticide Market - Size, Share, Emerging
Trends, Analysis and Forecasts to 2027
The global biological pesticides market size is projected to surpass US$ 6.5
billion by 2027, and register a CAGR of 16.1% over the forecast period
(2019 - 2027).
Market Overview
Biological pesticides are compounds that contain natural agents derived from
plants, animals, minerals, or bacteria, for managing agricultural pests, disease
causing pathogens, and weeds. Biological pesticides can be classified into
three types depending on their application, such as microbial pesticides,
plant-incorporated protectants (PIPs), and biochemical pesticides. Microbial
pesticides contain microorganisms such as virus, fungi, and bacteria, whereas
PPIs are substances produced through genetic material assimilated in a plant.
Biochemicals are pesticides derived from naturally occurring compounds that
employ non-toxic processes to eradicate pests.
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Market Dynamics
Demand for biological pesticides is driven by the wide range of advantages it
has over chemical pesticides. Chemical pesticides are known to account for
extensive pollution. Moreover, presence of chemical residues in food can
cause serious health issues. Biopesticides, however, are comparatively less
toxic to humans and the environment, as they do not leave behind toxic
deposits on plants, and are specifically targeted at eliminating pests. The
demand for biological products is expected to increase over the forecast
period since it is safer and sustainable, and can be used extensively as a
substitute for chemical pesticides in applications such as Integrated Pest
Management (IPM). Moreover, biological pesticides are economical due to
their renewable and biodegradable properties, which makes them ideal for
application in organic farming.
Increasing number of product approvals from environment agencies such as
the Environmental Protection Agency (EPA) are expected to boost growth of
the market further. Owing to the fewer risks posed by biological pesticides
compared to conventional, chemical pesticides, getting approvals is generally
a quicker, easier process, which is likely to make biopesticides a more
preferred choice in the agricultural community. Furthermore, growing
demand for sustainable alternatives to synthetic substances, as well as
inclination towards adopting natural product-based strategies in food
production are projected to benefit the market growth over the next few
years. Increasing research on pesticides of plant origin is likely to benefit the
growth of the biological pesticides market over the forecast period.
It is worth noting, however, that the mode of administration for biopesticides
is quite specific. As a result, unlike conventional pesticides, applying
biopesticides requires a fair amount of user knowledge to achieve efficiency,
such as application time, application intervals, and field rates among others.
Lack of sufficient knowledge with regards to application can lead to poorer
yield or higher production cost, which, in turn, is expected to hamper the
market growth to some degree.
Market Outlook
Environmental regulations in North America and Europe, particularly
Western Europe, have led to an increase in adoption of plant based products
and organic farming. This is expected to drive demand for biological
pesticides in these regions. Moreover, stringent regulations placed on the use
of chemical pesticides by the Environment Protection Agency (EPA) in the
U.S. is boosting growth of the market. Increasing number of research and
development activities by research institutions and investment in
technological advancements by key players are expected to account for a
major market share in the global biological pesticides market. Usage of
biopesticides in other regions such as Asia Pacific and Latin America is
projected to witness considerable growth over the forecast period.
Government initiatives to raise awareness among the agricultural community
in countries such as India regarding application of biopesticides is expected
to propel growth of the Asia Pacific market over the forecast period.
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Key Players
Some of the key players operating in the global biological pesticides market
are Dow Chemicals, Du Pont (EI) de Nemours, Henkel AG, Bayers AG, and
BASF SE among others.
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