European Bio Pesticides Market Outlook 2031
The European bio pesticides market size was USD 1.64 Billion in 2022 and is projected to reach USD 3.89 Billion by 2031 expand at a substantial CAGR 10.08% during the forecast period, 2023 - 2031. Growth of the market is attributed to rising usage of organic pesticides.
Bio pesticides are pesticides made from natural sources such as animals, plants, microbes, and minerals. Factors such as advancement in organic industry, rising cost of chemical pesticides, rising concerns about the development of insect resistance to these chemicals, and increasing awareness about the occupational hazards caused by chemical pesticides are driving the market.
The expansion of bio fungicides in the region is being fueled by a growing awareness of the detrimental effects of chemicals, as well as government initiatives that favor biological pest control.
European Bio Pesticides Market Trends, Drivers, Restraints, and Opportunities
- Increasing initiatives and support from government is projected to drive the market.
- Increasing demand for organic farming has fueled the market.
- Time taken in development of fertilizers is estimated to hinder the market growth.
- Development of bio pesticides is anticipated to create immense opportunities for the market players.
Scope of The European Bio Pesticides Market Report
The report on the European bio pesticides market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Biopesticides Market - European Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Bio herbicides, Bio insecticides, Bio fungicides & other) Applications (Soil Treatment, Seed Treatment, Foliar Spray, Post-Harvest)
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Regional Scope
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Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Valent Biosciences Corporation, Koppert BV, LLC, Bayer Crop science AG, and Syngenta.
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European Bio Pesticides Market Segment Insights:
The bio fungicides hold major market share
Based on types, the European bio pesticides market is segregated into bio herbicides, bio insecticides, bio fungicides, and others. The bio fungicides section of the market is driven by quick disintegration and pollution, as well as the residual levels associated with synthetic pesticides. Organic product demand is surging, due to rising incomes, improved agricultural methods, and improved farming practices that make organic yields more resilient.
The soil treatment is anticipated to expand during the forecast period
On the basis of applications, the European bio pesticides market is segregated into soil treatment, seed treatment, foliar spray, and post-harvest. Consumer demand for organic food over conventional food is expanding, and manufactures are turning to organic farming that uses bio pesticides rather than chemicals to prevent negative health consequences of chemical preservatives.
Growing environmental awareness has cleared the road for the usage of bio-based insecticides. Farmers are able to embrace organic agricultural practices as the cost of conventional fertilizers rises and governments strive for more sustainable farming. The number of bio pesticides used has expanded as a result of regulatory activities.
Manufacturers in Europe are being pushed to use chemical-free insecticides to grow fresh fruits and vegetables. As a result, rising organic agricultural practices are propelling the bio pesticide market.
The market in France is projected to hold a major market share
In terms of geography, the European bio pesticides market is classified as United Kingdom, Germany, France, Spain, Italy, Russia, and Rest of Europe. France is Europe's leading manufacturer of bio pesticides. INRA participates in R&D for bio pesticides, which includes developing novel products, acquiring information on their mode of action, understanding the determinants of their effectiveness, and carefully controlling their use once they are commercially accessible.
Segments
The European bio pesticides market is segmented on the basis of
Types
- Bio herbicides
- Bio insecticides
- Bio fungicides
- Other
Applications
- Soil Treatment
- Seed Treatment
- Foliar Spray
- Post-Harvest
Regions
Key Players
Competitive Landscape
The major players in the European bio pesticides market include Valent Biosciences Corporation, Koppert BV, LLC, Bayer Crop science AG, and Syngenta.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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