The European biopesticide market was valued at USD 1.72 billion in 2023 and is anticipated to reach USD 1.98 billion in 2024 from USD 6.07 billion by 2032, growing at a CAGR of 15.04% during the forecast period 2024 to 2032.
Biopesticides are emerging as a lucrative replacement for synthetic pesticides in Europe due to increasing regulations on chemical use and chemical residue limits. Several European countries have initiated national programs to promote the use of biopesticides.
Extracts of Plants, micro-organisms, and certain minerals constitute to form bio-pesticides. Bio-pesticides control diseases or pests through a broad-spectrum approach and even through a selective approach. These are replacing conventional pesticides from the market due to their non-toxic quality and target-specific behavior. Bio-pesticides target only specific pests that need to be destroyed. Biopesticides are advantageous for farmers as well as for the environment. They are usually inherently less toxic than conventional Bio-pesticides, they are comparatively cheaper and more effective. They decompose well without leaving any harmful residues.
The European market growth is driven by the high prevalence of crop diseases and rising demand for organic both in both developed and developing regions. Initiatives have been taken by various research institutes to improve techniques for the augmentation and application of Bio-pesticides. Farmers are unaware of the benefits of bio-pesticides and are also reluctant to change from the existing practices of chemical pesticides, which are restraining the growth of the market.
Biofungicide and bionematicide segments are anticipated to witness the highest growth in the global biopesticide market.
Major companies that are dominating in the European 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
As of the latest report, the European biopesticide market is valued at USD 1.72 billion in 2023.
Germany and France are major contributors to the European biopesticide market.
In the United Kingdom, the adoption of integrated pest management and the increasing demand for sustainable agriculture are key trends shaping the Biopesticide market.
Vegetables and fruits are the primary crops fueling the demand for biopesticides in Germany, contributing significantly to the overall market growth.
In France, the Biopesticide market is adapting by promoting the use of environmentally friendly products and adopting practices that minimize the ecological impact of pest control measures.
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