Biopesticides Market to Reach USD 18.15 Billion by 2029; Syngenta Crop Protection AG Purchases NemaTrident and UniSpore to Build Novel and Lucrative Prospects

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 Fortune Business Insights, in its report, titled, “Biopesticides Market Size, Share & COVID-19 Impact Analysis, By Type (Bioinsecticide, Biofungicide, Bionematicide, and Others), By Source (Microbials and Biochemicals), By Mode of Application (Foliar Application, Seed Treatment, Soil Treatment, and Others), By Crop (Cereals, Oilseeds, Fruits & Vegetables, and Others), and Regional Forecast, 2022-2029.”

Commotion in Global Supply Chain Backed by COVID-19 Severely Swayed Market Growth

The exponential outbreak of coronavirus pandemic is influencing the global market as governments accept lockdown actions and constrain the travel and transportation of their people. These actions are having a considerable impact on biopesticide production as companies are experiencing supply chain disruptions and workers’ shortages. The overall biopesticides market growth witnessed interruptions and production deterioration owing to raw material scarcity, labor deficiencies, and government-obligated factory shutdowns.

Scottish Startup SOLASTA Bio Bags USD 2.06 Million to Develop Nature-Inspired Pesticides

SOLASTA Bio, a Glasgow University spin-out, has bagged seed funding of around USD 2.06 million to support the development of its nature-inspired pesticides, which are one of a kind.

SOLASTA Bio was established in 2020, after four years of research sponsored by the Biotechnology and Biological Sciences Research Council and the European Commission, with commercialization backing from Scottish Enterprise. The team improves environmentally-approachable products that satisfy the requirement for efficient crop protection, meaning that they aim insect and pests while conserving constructive pollinators such as bees.

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Phase-out of Important Chemical Active Ingredients to Upkeep Market Growth

The utilization of synthetic pesticides has registered a large-scale and expansive damage to the environment. Consequently, numerous government organizations have prohibited or set restrictions on the usage of a few chemical active ingredients to evade their severe impact on the environment and human & animal health. Numerous governments and government bodies are greatly supportive and providing funds to leverage the usages of biopesticides to reduce the environmental influence of pesticides. The increasing concern concerning the utilization of chemical pesticide is projected to affirmatively leverage the sales of other sustainable solutions such as biopesticides.

However, the decreased implementation rate of the product in comparison with chemical agri-inputs in emerging countries can limit the growth of the market. The traditional and orthodox agri-inputs market is well-organized at a global level with a remarkable existence of prime companies.

Purchases Commenced by Vital Companies to Endorse Market Growth

The dominating players in the market constantly opt for efficient tactics to bolster their brand value as well as endorse the global growth of the product. One such proficient strategy is purchasing competitive companies and further safeguarding a profit for both companies.

Notable Industry Development:

• January 2022: Syngenta Crop Protection AG declared the procurement of NemaTrident and UniSpore, two next generation bioinsecticides, from Bionema Limited, a dominating biocontrol technology creator.

List of Key Players Mentioned in the Report:

• BASF SE (Germany)


• Syngenta AG (Switzerland)


• Bayer CropScience (Germany)


• Marrone Bio Innovations (U.S.)


• Novozymes (Denmark)


• Koppert Biological Systems (Netherlands)


• BioWorks Inc. (U.S.)


• Gowan Group (Ireland)


• Sumitomo Chemical Co., Ltd. (Japan)


• Certis USA LLC., (U.S.)

Further Report Findings

North America holds the largest biopesticides market share at present and it is expected to account for a significant rank in the market during the forecast period as well. Stringent rules and regulations regarding the usage of synthetic crop protection chemicals to protect the environment from hazardous effects are driving the growth of regional market.

The increasing cultivation of cereals as they are consumed as staple across the globe along with the high profit associated with the cultivation of organic cereals will boost the utilization of biopesticides amid cereal growers.

Table of Segmentation