These are used to control the effect of weeds, pests and insects on field crops. Since the emergence of biopesticides, a large number of products were launched, several of which have already played dominant roles in the market.
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Increase in crop losses due to pest attacks driving the market growth
Crop damages caused by animals, pathogens, and weeds are projected to decrease global agricultural productivity by 10-40%. It is one of the major threats to incomes of rural families and to food security worldwide. To control the need of the crop losses due to the pest attack, pesticides will continue to play a role in pest management for the foreseeable future. And due to the growing threat of chemical pesticides to the human and environment, biopesticides is being the preferred choice. Scientific advances and regulatory pressures have driven and continue to drive the biopesticides market.

Bioinsecticides dominated the global biopesticides market by source in 2019
With a market share of 46.93%, bioinsecticides dominated the global biopesticides market in 2019. Industrial promotions in biotechnology and integrated pest management techniques and growth in organic farming practices is likely to drive the market in near future. On the flip side, Biofungicides are anticipated to be the fastest growing type over the forecast period. Biofungicides are naturally occurring substances or microorganisms that are used to prevent certain diseases of vegetable crops.

Microbial pesticide segment is estimated to reach USD 6,175.29 million by 2026
Microbial source is the majorly used in bio pesticides market. The segment is also expected to witness impressive growth rate of 13.35% during the forecast period 2020-2026. Microbial-based pesticides are popular to protect crops from various plant pathogens among various cultivation environments. This is expected to propel demand in the global biopesticides market. Microorgnaisms offers certain distinct advantages over many other control agents and methods. The major advantage of exploiting microorganism for pest control is their environmental safety primarily due to the host specificity of these pathogens.

Foliar spray segment is estimated to be leading the market by mode of application
Foliar segment is anticipated to grow at a fastest CAGR of 13.50% over the forecast period. Foliar spray is largely used by farmers because of its high efficiency and ease of application. The growing adoption of foliar spray products in various applications, such as horticultural crops, field crops, and turfs & ornamentals etc, is likely to boost the growth of the foliar spray market. The fact that foliar spray process ensures efficient distribution of nutrients in plants and also helps to absorb the fertilizer completely without leaving any residue encourages the rapid adoption of the foliar spray application method among farmers.

Liquid Biopesticides likely to dominate the global market over the forecast period
Owing to the difference in climatic conditions, biopesticides are likely to be formulated in different forms including liquid and dry biopesticides, each designed for a specific market. Formulation is one of the key factors in responsible for the commercial success of a biopesticide product. There are significant costs involved in solving the biological issues of biopesticide formulations (including storage and field stability as well as efficacy consistency), but the benefits in terms of market access and the acceptance of biopesticides as viable commercial alternatives or supplements to conventional plant protection products warrant this effort.
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The market finds majority of its application in crop-based segment
Biopesticides are majorly used in the application of the controlling the effect of weeds, pests and insects on field crops and non-crops. Growing environmental concerns regarding the use of synthetic (chemical-based) pesticides coupled with government support in many countries have been acting as major factors fuelling the demand for biopesticides. The crop-based types incudes cereals & grains such as corn, wheat, rice etc. Oilseeds & pulses including soybean, sunflower, beans etc., and fruits & vegetables such ad leafy vegetables, root & tuber vegetables, pome fruits, berries etc. The non-crop usage of biopesticides is turf and ornamental grasses and plantation crops.

Geographically, North America had a major share in the biopesticides market
North America was the prominent region of the global biopesticides market, accounting for 45% share in 2019. Increase in awareness about the harmful effects of chemical-based agro products and increase in demand for organic food are key factors driving the biopesticides market in the region. Moreover, increasing research and development investments for sustainable farming practices will support the growth of the biopesticides market.
The major players involved in this market are Bayer Cropscience, BASF, Novozymes, Isagro S.P.A., Certis USA LLC, Marrone Bio Innovations, Camson Bio Technologies Limited, Andermatt Biocontol AG and among others.

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