The size of the Asia-Pacific biopesticides market was valued at USD 2.29 billion in 2023 and is anticipated to reach a valuation of USD 2.70 billion in 2024 from USD 10.11 billion by 2032, growing at a CAGR of 17.94% during the forecast period 2023 to 2032.
Asia-Pacific holds the second-largest market share. The market is driven by remarkable advancements in biotechnology, which has witnessed a new growth paradigm. In terms of consumption and demand for biopesticides, Asia Pacific would remain the largest during the forecast period 2020 -2025. Asia Pacific is one of the potential markets for the growth of biopesticides. Asia-Pacific accounts for around 30% of the total land available on Earth and around 60% of the total world population. The growing demand for food crops and a large population base fuel the biopesticides market in the Asia Pacific region. Rising healthcare awareness in the Asia Pacific region leads to an increase in organic food consumption, this also becomes one of the key reasons for the growth of the biopesticides market.
Biopesticides are substances derived from naturally occurring materials like plants (plant-incorporated protectants or PIPs), micro-organisms (microbial pesticides), and certain minerals (biochemical pesticides). Biopesticides use both a broad-spectrum approach and even a selective approach to controlling diseases or pests. These are replacing conventional pesticides from the market due to their non-toxic quality and target-specific behavior.
Biopesticides are advantageous for farmers as well as for the environment. They are usually inherently less toxic than conventional biopesticides, they are comparatively cheaper and effective, decompose well without leaving any harmful residues, have a substantially nullified impact on non-targeted species, and can greatly reduce the use of conventional pesticides with high yield.
Asia Pacific market growth is driven by a rise in demand for organic food and the high prevalence of crop diseases in both developed and developing regions. Various research centers all around the world are taking initiatives to improve techniques for the augmentation and application of biopesticides. Farmers are unaware of the benefits of biopesticides and are also reluctant to change from the existing practices of chemical pesticides, which are restraining the growth of the market.
This research report on the Asia-Pacific biopesticides market is segmented and sub-segmented into the following categories.
Biofungicide and bionematicide segments are anticipated to witness the highest growth in the global biopesticide market.
Some of the major key market players involved in the Asia-Pacific biopesticides market are Parry America, Andermatt Biocontrol Ag, Marrone Bio Innovations Inc., Agbitech Pty Limited, Bioworks Inc., Som Phytopharma Limited, Camson Bio Technologies Limited, Hebei Veyong Bio-Chemical Co. Limited, Becker Underwood Inc., Agraquest Inc., Growth Products Limited, Valent Biosciences Corp, Biocare, Natural Industries and Novoenzymes A/S.
Frequently Asked Questions
The Asia-Pacific biopesticides market is valued at USD 2.29 billion in 2023.
India and China are major contributors to the Asia-Pacific Biopesticide market.
In Japan, the adoption of sustainable farming practices and the increasing emphasis on integrated pest management are key trends shaping the Biopesticide market.
The regulatory framework in Australia ensures that Biopesticides meet strict safety and environmental standards, fostering sustainable agriculture practices and the development of innovative products.
Biopesticide distribution in China faces challenges related to infrastructure limitations and the need for efficient logistics to reach remote agricultural areas.
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