North America Biopesticides Market Size, Industry | 2031

Report Description

North America Biopesticides Market Outlook

The North America biopesticides market size was valued at USD XX Billion in 2022 and likely reach to USD XX Billion by 2031, expanding at a CAGR of 13.8% during the forecast period, 2023–2031. The growth of the market is attributed to growing awareness regarding the importance of organic farming and increasing consumption of organic products.

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Biopesticides are the contraction of biological pesticides. The biopesticides include several types of pest management intervention through parasitic, predatory, and chemical relationships. The biopesticides are used for biological pest control and manipulation of living organisms in the soil.

The biopesticides are easily decomposable, increase fertility of the soil, and prevent soil pollution. Biopesticides are obtained from organisms including plants, fungi, bacteria, microbes, nematodes, and others.

The biopesticides are often important components of integrated pest management program. Therefore, biopesticides have received much practical attention as substitutes to synthetic chemical plant protection products.

Biopesticides can be classified into microbial pesticides, bio-derived chemicals, plant-incorporated protectants, and RNAi pesticides. The microbial pesticides consist of bacteria and entomopathogenic fungi. The bio-derived chemicals are commercially used for controlling pests and microbial diseases.

The COVID-19 pandemic has affected almost every industry including the agricultural industry. The outbreak of coronavirus disease witnessed nationwide lockdowns and stringent regulations. Furthermore, the pandemic situation resulted into the disruption in supply-chain, production, manufacturing, and transportation activities.

Therefore, the slowdown in the economy, low availability of raw materials with cropping season, and work stoppages owing to the worldwide coronavirus pandemic restricted the growth of the biopesticides market.

Market Trends, Drivers, Restraints and Opportunities

• Increasing growth, development, and functioning for the large scale use of biopesticides owing to the growing encouragement from environment protection agencies is anticipated to drive the market growth during the forecast period.
• Growing implementation of the IPM (Integrated Pest & Management) programs is expected to boost the market expansion during the projected period.
• Rising support and encouragement from the government for increasing the use of organic products is anticipated to spur the market growth in the coming years.
• Technological limitation for the use of biological products is expected to hamper the market growth during the projected timeline.
• Government support and rising industrial investments for new product launches are expected to create numerous opportunities for the market in the long run.

Scope of North America Biopesticides Market Report

The report on the North America biopesticides market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

North America Biopesticides Market Segment Insights

Bioinsecticides segment is projected to expand at a considerable CAGR

Based on products, the market is segregated into biofungicides, bioherbicides, bioinsecticides, and others. The bioinsecticides segment is projected to expand at a considerable CAGR during the forecast period owing to the rising demand for sustainable agriculture practices and integrated pest management.

Moreover, the growing consumption of bioinsecticides for pest resistance & resurgence and organic farming is expected to increase the demand for heart rate monitors at a rapid pace in the coming years.

On the other hand, the bioherbicides segment is anticipated to hold a considerable market share in coming years owing to increasing demand to curb post-harvest crop losses and growing encouragement for the development of agricultural biological.

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Liquid formulation segment is expected to grow at a rapid pace

On the basis of formulations, the market is bifurcated into dry formulation and liquid formulation. The liquid formulation segment is expected to grow at a rapid pace during the projected period due the availability of improved stickiness, stabilization, surfactant, and dispersal abilities associated with liquid formulation of biopesticides.

Additionally, the flexibility for its usage in broth culture and liquid suspension in water, mineral oils, and organic oils are the major factors that aid in the growth of the market. However, the dry formulation segment is anticipated to exhibit a substantial growth during the forecast period owing to the ease in the application and longer shelf life as compare to the other formulations of biopesticides.

Furthermore, the rising demand for dry formulations for its direct application in the form of dust, powders, and micro granules is expected to encourage the growth of the market segment during the forecast period.

Biochemical pesticides segment is anticipated to constitute a major market share

Based on ingredients, the market is segmented into biochemical pesticides, microbial pesticides, and plant pesticides. The biochemical pesticides segment is anticipated to constitute a major market share during the forecast period owing to the growing usage of naturally occurring pesticides such as plant extracts, fatty acids, and pheromones that effectively control pests by non-toxic mechanisms.

Furthermore, the high adoption of naturally occurring pesticides for implementation of non-toxic mode of pest control is estimated to fuel the growth of the market in the coming years.

On the other hand, the plant pesticides segment is anticipated to exhibit a substantial growth during the projected period owing to the rising demand for food security, growing consumption of plant pesticides, and the increasing requirement for augmented agricultural productivity.

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Seed treatment segment is projected to exhibit substantial growth

On the basis of mode of application, the market is categorized as foliar spray, post harvest, seed treatment, and soil treatment. The seed treatment segment is projected to exhibit substantial growth during the projected period due the rising demand for high-efficiency and organic seed chemicals.

Moreover, the increasing requirement to turn every seed into a viable seedling for the production of high yield is the major factors that aid in the growth of the market segment in the coming years.

However, the soil treatment segment is anticipated to expand at a rapid pace during the forecast period owing to the changing farming practices and increasing demand for organic food.

Crop-based segment is estimated to hold a key market share

Based on applications, the market is divided into crop-based and non-crop-based. The crop-based segment is estimated to hold a key market share during the forecast period owing to the rising consumption of crop-based biopesticides for inherently less toxic ways for pest control.

Furthermore, the high adoption of biopesticides for producing high crop yields, rising utilization of crop pesticides that decompose quickly, and increasing trend of organic farming are some of the factors estimated to fuel the growth of the market in the coming years.

On the other hand, the non-crop-based segment is anticipated to exhibit a substantial growth during the projected period owing to the rising consumption of biopesticides for soil treatment and increasing fertility of soil.

Moreover, the rising concerns regarding shrinking arable land and growing initiatives to use organic products are projected to boost the market growth in the upcoming years.

North America Biopesticides Market Regional Outlook

The US market is expected to dominate the market

In terms of geography, the market is classified as the US, Canada, Mexico, and Rest of North America. The US market is expected to dominate the market during the projected period owing to the increasing demand for the crop-based applications of biopesticides.

Moreover, the growing need for organic products and decreasing efficacy of synthetic pesticides are the major factors to propel the expansion of the market in the coming years.

However, the market in Mexico is anticipated to exhibit a robust CAGR during the forecast period due to the growing sale of organic food and presence of well-developed organic food market in the country.

Additionally, the increasing consumption of biopesticides for the production and cultivation of vegetables, cereals, and oilseeds is expected to spur the market expansion during the projected timeline.