Global Microbial Pesticides Market Size By Type (Microbial Insecticides, Microbial Fungicides), By Application (Cereals and Pulses, Fruits and Vegetables), By Region, And Segment Forecasts, 2023 to 20...
Report Id: 20823 | Published Date: Nov 2024 | No. of Pages: | Base Year for Estimate: Nov 2024 | Format:
The Global Microbial Pesticides Market was valued at USD 2.8 billion in 2023 and is expected to grow to USD 5.6 billion by 2031, registering a robust CAGR of 9.0% over the forecast period of 2023–2031. Microbial pesticides, derived from microorganisms like bacteria, fungi, viruses, and protozoa, are increasingly adopted due to their environmentally friendly profile, effectiveness against specific pests, and minimal impact on non-target species. As sustainable agricultural practices gain traction worldwide, microbial pesticides are being adopted as viable alternatives to synthetic pesticides, promoting both crop health and ecological balance.
Drivers
Growing Demand for Sustainable Agriculture:
The rising global awareness of environmental impacts and food safety is
steering farmers and agricultural entities toward microbial pesticides, which
reduce chemical residues in crops and are safer for ecosystems.
Regulatory Support for Biopesticides: Many
governments and regulatory bodies worldwide are supporting the adoption of
biopesticides, including microbial pesticides, by streamlining approval
processes and promoting organic farming practices.
Increasing Pest Resistance to Synthetic
Pesticides: The overuse of synthetic pesticides has led to pest resistance,
creating an urgent need for alternative solutions, such as microbial
pesticides, which offer effective pest control without contributing to
resistance.
Restraints
High Production Costs: The production
process for microbial pesticides is often more complex and costly than that of
conventional pesticides, limiting their market penetration, especially in
cost-sensitive regions.
Lack of Awareness Among Farmers: In certain
regions, farmers are less aware of the advantages and application methods for
microbial pesticides, which restricts market growth and adoption.
Opportunity
Expansion in Emerging Markets: Emerging
economies in Asia-Pacific and Latin America present lucrative opportunities as
awareness of sustainable agricultural practices grows. The rising adoption of
organic farming methods is expected to create demand for microbial pesticides
in these regions.
Market by System Type Insights
In 2023, the Bacterial Pesticides segment
led the market, driven by the efficacy of bacterial pesticides like Bacillus
thuringiensis (Bt) in controlling pests across multiple crops. This segment is
anticipated to grow steadily as technological advancements make bacterial
pesticides more accessible and reliable for farmers.
Market by End-use Insights
The Agriculture sector held the largest
share in 2023, contributing over 50% to the global market revenue. Microbial
pesticides in agriculture are used extensively for pest control in food crops
and horticulture, promoting sustainable farming practices. With increased
adoption of organic farming and sustainable pest management practices, this
sector is expected to maintain dominance through the forecast period.
Market by Regional Insights
North America held the largest market share
in 2023, driven by high regulatory support, extensive adoption of organic
farming, and a well-developed market for sustainable agriculture. However,
Asia-Pacific is expected to witness the highest CAGR during the forecast
period, fueled by rapid agricultural advancements, increasing awareness, and
government incentives promoting organic farming practices.
Competitive Scenario
Key players in the Global Microbial
Pesticides Market include Marrone Bio Innovations, Bayer AG, Syngenta AG,
Corteva Agriscience, and BASF SE. These companies are focusing on expanding
their product portfolios, investing in R&D for innovative microbial
solutions, and forming strategic partnerships to enhance their market presence.
Recent developments include Bayer's expansion of its bio-based product line and
Marrone Bio Innovations' launch of a new strain-specific microbial pesticide
targeted at organic farmers.
Scope
of Work – Global Microbial Pesticides Market
Report
Metric |
Details |
Market Size (2023) |
USD 2.8 billion |
Projected Market Size (2031) |
USD 5.6 billion |
CAGR (2023-2031) |
9.0% |
Key Segments by System Type |
Bacterial Pesticides, Fungal Pesticides,
Viral Pesticides |
Key Segments by End-Use |
Agriculture, Horticulture, Lawn &
Garden |
Leading Region |
North America |
Key Players |
Marrone Bio Innovations, Bayer AG,
Syngenta AG, Corteva Agriscience, BASF SE |
Market Drivers |
Growing demand for sustainable
agriculture, regulatory support, increasing pest resistance |
Market Opportunities |
Expansion in emerging markets |
Key
Market Developments
2023: Bayer AG expanded its microbial
pesticide offerings to include targeted pest solutions for organic farming in
North America.
2024: Marrone Bio Innovations launched a
new microbial pesticide product in the U.S., focusing on environmentally safe
pest management for fruit and vegetable crops.
2025: Syngenta AG entered a joint venture
to advance microbial pesticide research, particularly aimed at soil health
improvements and pest resistance management.
FAQs
What is the current market size of the
Global Microbial Pesticides Market?
The market size of the Global Microbial
Pesticides Market is USD 2.8 billion as of 2023.
What is the major growth driver of the
Global Microbial Pesticides Market?
The primary growth driver is the increasing
demand for sustainable agriculture, with regulatory support promoting
eco-friendly pest control options.
Which is the largest region during the
forecast period in the Global Microbial Pesticides Market?
North America holds the largest market
share due to high adoption rates and regulatory support; however, Asia-Pacific
is expected to grow the fastest.
Which segment accounted for the largest
market share in the Global Microbial Pesticides Market?
The Bacterial Pesticides segment led the
market in 2023, driven by their broad application across various crops.
Who are the key market players in the
Global Microbial Pesticides Market?
Major players include Marrone Bio Innovations,
Bayer AG, Syngenta AG, Corteva Agriscience, and BASF SE.
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