Microbial Pesticides Market is Segmented By Ingredient Type (Bacteria-Based Pesticides, Fungi-Based Pesticides, Virus-Based Pesticides, Others), By Product Type (Microbial Fungicide, Microbial Insecticide, Others), By Application (Grains & Cereals, Pulses & Oilseeds, Fruits & Vegetables, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Microbial Pesticides Market Size
The Global Microbial Pesticides Market reached US$ 1.3 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 2.1 billion by 2030. The market is growing at a CAGR of 6.3% during the forecast period 2024-2031. The microbial pesticides market is witnessing increased demand due to rising awareness about the harmful effects of synthetic pesticides on human health and the environment.
The Global Microbial Pesticides Market is experiencing significant growth and is poised for a promising outlook in the coming years. Consumers are increasingly opting for safer and more sustainable alternatives, which is fueling the adoption of microbial pesticides. The microbial pesticides market is witnessing a surge in research and development activities aimed at developing new and improved microbial pesticides. This is leading to the introduction of advanced formulations that offer enhanced efficacy and longer shelf life. The continuous innovation in microbial pesticide products is expected to drive market growth in the forecasting period.
Microbial Pesticides Market Scope
| Metrics | Details |
| Market CAGR | 6.3% |
| Segments Covered | By Ingredient Type, By Product Type, By Application, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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Microbial Pesticides Market Dynamics and Trends
Growing Demand for Organic Products Drives the Market Growth
The growing demand for organic products is driving the global microbial pesticides market by creating a significant market opportunity. Consumers are increasingly concerned about the use of synthetic pesticides in conventional farming practices and are seeking safer and more environmentally friendly alternatives. This shift in consumer preferences is leading to a surge in the demand for organic products, which in turn is propelling the market for microbial pesticides.
As the demand for organic products grows, farmers are increasingly adopting microbial pesticides to protect their crops. This is creating a favorable market landscape for microbial pesticide manufacturers, leading to increased production and sales. The market is responding by offering a wide range of microbial pesticide products specifically formulated for organic farming, targeting various pests and diseases.
The Expansion of Agriculture and Horticulture Industries Creates an Opportunity for the Market Growth
As the agriculture and horticulture sectors are expanding in various regions globally, there is a growing need for effective pest management solutions to protect crops from pests and diseases. This expansion is leading to an increase in the cultivated area and crop production, creating a larger market for agricultural inputs, including microbial pesticides.
The expansion of agriculture and horticulture industries is also providing an opportunity for microbial pesticide manufacturers to expand their market presence. As the demand for pest management solutions increases, companies in the microbial pesticides market are enhancing their production capacities, developing new formulations, and introducing advanced products to cater to the evolving needs of farmers and growers.
Lack of Awareness and Acceptance of Microbial Pesticides Hamper the Market Growth
Many farmers are not familiar with the concept of microbial pesticides and have misconceptions about their effectiveness compared to conventional chemical pesticides. This lack of awareness is leading to hesitation to adopt microbial pesticides as a pest management solution.
The limited acceptance of microbial pesticides in the market is attributed to the long-standing dominance of chemical pesticides. Chemical pesticides is widely used for decades and are establishing a strong presence in the market. Farmers are accustomed to their use and have established practices and routines around their application, which are restraining market growth.
Microbial Pesticides Market Segmentation Analysis
The global microbial pesticides market is segmented based on ingredient type, product type, application, and region.
Increasing Demand for Bacteria-Based Pesticides
The bacteria-based pesticides segment holds the largest share of the global microbial pesticides market. Bacteria-based pesticides are gaining significant recognition and acceptance among farmers and growers. Bacteria-based pesticides is utilizing naturally occurring bacteria strains that exhibit pesticidal properties against specific pests. The proven track record of bacteria-based pesticides in effectively targeting and controlling specific pests is contributing to bacteria-based pesticide segment dominance.
With the increasing prevalence of pesticide resistance among pests, there is a growing need for alternative pest control solutions. Bacteria-based pesticides are providing a valuable option, as pests are less likely to develop resistance to their unique modes of action. This advantage is further propelling the segment growth of bacteria-based pesticides in the global microbial pesticides market.
Microbial Pesticides Market Geographical Share
Increasing Consumer Awareness and Demand for Organic and Pesticide-Free Products
Consumer awareness and demand for organic and pesticide-free products are significant drivers of the microbial pesticides market in North America. Consumers in the region are increasingly concerned about the health and environmental impacts of chemical residues in food and are actively seeking organic and sustainably produced crops. This consumer preference is leading to a rise in organic farming practices, where microbial pesticides are playing a vital role in pest control, contributing to the market dominance of North America.
North America is characterized by a high level of agricultural research and development (R&D) activities. The region consists of a lot of renowned research institutions, universities, and agricultural centers that are focusing on developing and promoting sustainable pest management solutions. The continuous R&D efforts are leading to the introduction of innovative microbial pesticide products tailored to specific regional pest challenges, further bolstering the market position of North America.
Microbial Pesticides Market Companies
The major global microbial pesticides market players include Becker Underwood, Valent Biosciences Corporation, Certis USA LLC, Ecogen, Koppert Biological System, Agri Life, AgraQuest, Marrone Bio Innovations, Novozyme Biological, and Bayer CropScience AG.
COVID-19 Impact on Microbial Pesticides Market
The microbial pesticides market faced challenges due to COVID-19. The restrictive measures and lockdowns imposed by governments to contain the spread of the virus have disrupted agricultural activities and supply chains. Farmers faced difficulties in accessing microbial pesticide products, agricultural inputs, and technical support. This led to a slowdown in the market, affecting sales and distribution.
However, the pandemic has increased the demand for organic and sustainable products, including those produced with the help of microbial pesticides. With consumers becoming more health-conscious and environmentally aware, there has been a growing preference for pesticide-free and residue-free food. This has led to a surge in the demand for organic products, which, in turn, has boosted the market for microbial pesticides.
By Ingredient Type
- Bacteria-Based Pesticides
- Fungi-Based Pesticides
- Virus-Based Pesticides
- Others
By Product Type
- Microbial Fungicide
- Microbial Insecticide
- Others
By Application
- Grains & Cereals
- Pulses & Oilseeds
- Fruits & Vegetables
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- In June 2022, FMC Corporation, a prominent global agricultural sciences company, unveiled a fresh brand identity for its Plant Health business, highlighting the company's ongoing growth and expansion within the field of biologicals.
- In February 2021, FMC Corporation forged a strategic collaboration with Novozymes, a renowned leader in biological solutions, to jointly conduct research, co-develop, and bring to market innovative crop protection solutions based on biological enzymes. This multi-year global agreement entails a focused collaboration between the two companies to advance enzyme-based biocontrol technology in the global fungicide and insecticide markets.
- On January 26, 2022, Syngenta Crop Protection made significant acquisitions in the form of two advanced bioinsecticides, namely NemaTrident and UniSpore. These acquisitions have been strategically pursued to address the growing challenge of insect and pest resistance across various sectors such as horticulture, ornamentals, turf amenity, and forestry.
Why Purchase the Report?
- To visualize the global microbial pesticides market segmentation based on ingredient type, product type, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of microbial pesticides market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global microbial pesticides market report would provide approximately 61 tables, 59 figures, and 120 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
