The global biopesticides market size was valued at USD 5.61 billion in 2021. The market is expected to grow from USD 6.51 billion in 2022 to USD 18.15 billion by 2029, exhibiting a CAGR of 15.77% during the forecast period. This information is provided by...

Biopesticides Market size was valued at US$ 4.30 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 14.8% through 2021 to 2027, reaching nearly US$ 11.30 Bn.

Biopesticides Market by Type , Source (Microbials, Biochemicals, and Beneficial Insects), Mode of Application, Formulation (Dry, Liquid), Crop Type and Region

The global biopesticides market size was valued at USD 5.61 billion in 2021. The market is expected to grow from USD 6.51 billion in 2022 to USD 18.15 billion by 2029, exhibiting a CAGR of 15.77% during the forecast period.

Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bionematicides, and Bioherbicides), Source (Microbials, Biochemicals, and Beneficial Insects), Mode of Application, Formulation (Dry, Liquid), Crop Type and Region – Global Forecast to 2027

The global biopesticides market is set to gain traction from the increasing research activities that are being conducted by several companies to develop novel microbial products.

In the historical period (2016-2020), the market for biopesticides has seen a definite growth due to a definite rise in the technological advancements made in the field of microbiology and agricultural sciences.

Biopesticides Market is likely to witness a CAGR of 8.5% during the forecast period. Surge in demand for natural-based manure among farmers along with increasing industry competitiveness is driving the growth of the market.

Biopesticides Market

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.

Transparency Market Research (TMR), in a research report, finds that the global biopesticides market would grow at a CAGR of 14.2% over the period between 2019 and 2027. The total value of this market is slated to touch US$ 6.8 Bn by the end of 2027.

The need for increasing the productivity of cash as well as food crops has generated tremendous revenues within the global biopesticides market.

The demand within the global biopesticides market is expected to rise alongside advancements in the agricultural sector.

Global Biopesticides Market is projected to expand at a CAGR of 14.2% from 2019 to 2027. Easy adoption of bioherbicides in integrated weed control programs is also boosting the bioherbicides segment of the global biopesticides market.