Market Overview:
Biogenic Pesticide Market is Expected to Grow at A Significant Growth Rate, and The Forecast Period is 2023-2030, Considering the Base Year As 2022.
Biogenic pesticides are substances used for agricultural pest control that harness unique biological effects. They are derived from biocontrol agents or living organisms, offering a safer alternative to chemical pesticides. Biogenic pesticides provide environmental safety and exhibit host specificity, making them effective in managing agricultural pests without harming the ecosystem or human health. One significant advantage of biogenic pesticides is their lower cost for development and registration compared to chemical pesticides. Given the constant evolution of chemical resistance and stricter regulations, extensive research is being conducted by both public and private sectors to develop biogenic pesticides. These substances address the negative impact of synthetic pesticides on the environment and the growing issue of pesticide resistance, enabling improved disease management while maintaining ecological balance.
Top Key Players for 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
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Market Dynamics and Factors:
It takes time, money, and a large investment in research and development to create a new synthetic pesticide. It might take a long time. Due to the fact that they are primarily derived from living organisms like bacteria, fungi, and plants, biological pesticides are less expensive to design and manufacture. Biogenic pesticides are also appealing to customers who are more concerned about how agriculture affects the environment because they are generally seen as being more ecologically friendly and sustainable than synthetic pesticides.
The recognition of the detrimental impact of chemical pesticides on human health and the environment has led to increased public awareness and stricter regulations. As a result, farmers and consumers are actively seeking alternatives that are safer and more cost-effective than conventional chemical pesticides. Biogenic pesticides, derived from natural sources and often considered safer and more environmentally friendly, are well-positioned to capitalize on this trend. The demand for safer and more sustainable pest control options presents an opportunity for biogenic pesticides, particularly in light of stricter rules and regulations governing chemical pesticides.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
Key Industry Development:
In May 2023, Biobest, a renowned worldwide provider of biological control and pollination solutions, made an announcement regarding the signing of a non-binding letter of intent to acquire BioWorks, Inc. The Victor, NY-based company is a prominent manufacturer and marketer of highly effective biopesticides widely used in the industry. This proposed acquisition marked a significant milestone for Biobest Group as it aims to strengthen its presence in the biopesticide market.
In September 2022, Nuseed and GranBio entered into a long-term strategic alliance to accelerate R&D and commercialization into global energy cane markets. Nuseed acquired GranBio’s energy cane breeding and commercial assets, and R&D program aiming to fundamentally improve the output energy value through innovation in bioenergy cane.
Biogenic Pesticide Market Report Highlight:
- By Type, Microbial Pesticides are anticipated to hold a larger market. Because, Microbial insecticides insect pests with bacteria, fungi, or viruses in order to kill or render them ineffective. Because of their excellent pest specificity, they do not affect beneficial insects or other environmental species.
- By Application, the Insect Control segment is estimated to develop the fastest in the market. Increased awareness about the harmful effects of chemical pesticides, stricter regulations on their usage, and a shift towards more sustainable and environmentally friendly pest control methods will be contributed to this trend.
- The North American region is expected to have the highest share of the Biogenic Pesticide market over the projected period. The North American region, particularly the US, provides significant advantages for a sophisticated farming sector that heavily relies on pesticides. Here, biogenic pesticides have become increasingly common because they provide a safer and more useful alternative to manufactured pesticides.
Central to our report are the company profiles and competitive analysis, providing insights into market players’ overview, market role, and operating business segments. We evaluate their financial performance, production volume, sales volume, and sales margin, while highlighting recent market developments. Our market research offers invaluable intelligence and strategic insights to drive informed decision-making. By capitalizing on emerging opportunities and understanding the competitive landscape, our report empowers businesses to thrive in the Global Biogenic Pesticide Market.
Biogenic Pesticide Market Segmentation:
By Type
- Microbial Pesticides
- Biochemical Pesticides
- Plant-Incorporated-Protectants
- Others
By Application
- Insect Control
- Weed Control
- Plant Disease Control
- Others
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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
- US
- Canada
- Mexico
Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
Scope of the Report:
The latest research on the Biogenic Pesticide market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the Global Biogenic Pesticide industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Biogenic Pesticide market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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