Virus Based Biopesticides Market Size & Share, by Virus Type (Baculovirus, Cytoplasm Polyhedrosis Virus); Application (Grains & Cereals, Pulses & Oilseeds, Fruits & Vegetables) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3405
  • Published Date: Mar 30, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Virus Based Biopesticides Market size is anticipated to reach USD 12 billion by the end of 2035, growing at a CAGR of 15% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of virus based biopesticides was over USD 4 billion. The growth of the market can be attributed to the increasing use of biopesticides in sustainable agriculture, coupled with the rising awareness about the eco-friendliness of virus based biopesticides throughout the world. For instance, in 2021, the usage of biopesticides increased by around 14% as an alternative agrochemical throughout the world. Further, the worldwide surging demand for non-toxic pesticides is also estimated to fuel the growth of the global virus based biopesticides market in the years to come.

In addition to these, factors that are believed to fuel the market growth of virus based biopesticides include an upsurge in awareness regarding the toxicity and hazardous effects of chemical pesticides which have been imposing threats on human health and the environment. As per a study, from the global farming population of around 870 million, approximately 47% of farmers are being poisoned by pesticides each year. Additionally, the growing ratio of organic farming is also predicted to present the potential for market expansion over the projected time frame throughout the world.


Virus Based Biopesticides Market
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Virus Based Biopesticides Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~15%

Base Year Market Size (2022)

~ USD 4 Billion

Forecast Year Market Size (2035)

~ USD 12 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Virus Based Biopesticides Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Demand for Organic Food - Organic food is the outcome of an organic agricultural approach that does not employ synthetic fertilizers, pesticides, growth regulators, or animal-feed additives. Organic farming is an agricultural system that strives for environmentally, socially and economically sustainable output. Although chemical traces in organic foods may not be completely absent, they are substantially less than in food grown with synthetic chemicals. Therefore, people have been considering organic food as of their low GMO use, which is estimated to accelerate the market growth over the forecast year. For instance, worldwide organic food sales reached nearly USD 135.80 billion in 2021, an increase from roughly USD 19 billion in 2000.
  • Rising Demand for Food – The higher and uneven surging population throughout the world has expanded the demand for food. Currently, the rise in food demand has also doubled the demand and traction for chemical-free food products. Therefore, the surge in food demand is also estimated to expand the market growth in the coming years. Based on a report published by the United Nations Food and Agricultural Organization, the amount of cereals cultivated worldwide has boosted by 7 million tons in 2022. Besides this, the forecast for world cereal consumption in 2022-2023 has been raised from 2797 million tons to 9.2 million tons.
  • Increasing Awareness About the Risks of GMO Food -  Genetically modified organisms (GMOs) are estimated to pose several kinds of serious health issues including fast aging, infertility, immune issues, irregular insulin, and so on. Hence, a major portion of people have become more aware of the harmful effects of GMO food. Thus, this factor is also anticipated to drive market growth in the projected time frame. Based on a survey conducted in 2019, approximately 53% of the people surveyed in the United States believed that GMOs are harmful to people's health.
  • Growing Area Under Organic Cultivation – For instance, the overall area under organic cultivation in Europe is expanding and it reached around 15 million hectares of agricultural land by 2020.
  • Rising Investment for R&D of Novel Biopesticides – For instance, Vestaron Corporation, a prominent biopesticides manufacturer, has raised an additional USD 10 million in investment for R&D activities and the development of novel biopesticides.

Challenges

  • Preference for Chemical-Based Pesticides in Emerging Nations -  As for the small landholdings, the higher ratio of farmers in emerging nations mostly prefer to use chemical-based pesticides, which are comparatively cheap in cost, and deliver faster results with high crop yield. Thus, this factor is estimated to dampen the market growth in the coming years.
  • A Dearth of Awareness About Biopesticides in Emerging Economies
  • Slower Rate of Insecticides Killing as Compared with Chemical Pesticides


Virus Based Biopesticides Segmentation

Virus Type (Baculovirus, Cytoplasm Polyhedrosis Virus)

The global virus based biopesticides market is segmented and analyzed for demand and supply by virus type into baculovirus, and cytoplasm polyhedrosis virus. Out of these two types of segments, the baculovirous segment is estimated to gain the largest market share of about ~65% in the year 2035. The growth of the segment can be attributed to their higher effectiveness and advantages in controlling insecticides, and arthropods, followed by their wider usage as expression vectors in biotechnology. For instance, baculoviruses have various advantages and help minimize the need for synthetic insecticides while utilized for integrated pest control (IPM). They have no adverse effects on plants, animals, non-target insects, especially natural adversaries, and pollinators since they are selective to their target pests. In addition to this, they do not generate any poison or metabolites that may pose any harmful effect on human health. Hence, this factor is also projected to drive the segment growth further over the forecast period.

Application (Grains & Cereals, Pulses & Oilseeds, Fruits & Vegetables)

The global virus based biopesticides market is also segmented and analyzed for demand and supply by application into grains & cereals, pulses & oilseeds, fruits & vegetables, and others. Amongst these segments, the grains & cereals segment is expected to garner a significant share of around ~51% in the year 2035. Cereals and grains are the staple food and their consumption is higher across the globe. Thus, the surge in the cultivation of organic cereals, coupled with the rising demand for organic grains and cereals throughout the world are projected to drive the segment growth in the coming years. Besides this, the eco-friendliness of virus based biopesticides is also estimated to be their higher use in crop cultivation, which is further projected to present huge opportunities for segment growth over the forecast period. On the other hand, the fruits & vegetables segment is projected to witness a massive CAGR during the forecast period, owing to the rising identification of pesticide residues in fresh fruits and vegetables have resulted in a global emphasis on maximum residual limits for most chemical pesticides. Since fruits and vegetables are consumed fresh, there is a considerable risk of putting more than necessary amounts of synthetic pesticides on the crops to extend their shelf life, resulting in higher residues of pesticides. Since virus based biopesticides have a relatively small residual value and are appropriate for the treatment of fruits and vegetables. Therefore, this factor is also anticipated to accelerate the segment growth further throughout the projected time frame.

Our in-depth analysis of the global market includes the following segments:

     By Virus Type

  • Baculovirus
  • Cytoplasm Polyhedrosis Virus

    By Application

  • Grains & Cereals
  • Pulses & Oilseeds
  • Fruits & Vegetables
  • Others

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Virus Based Biopesticides Industry - Regional Synopsis

North American Market Forecast

The market share of virus based biopesticides in North America, amongst the market in all the other regions, is projected to be the largest with a share of about ~44% by the end of 2035. The growth of the market can be attributed majorly to the increasing shift in the eating habits of consumers and the growing emphasis on the consumption of organic foods is also projected to boost the growth of the market in this region. For instance, sales of organic food in the US were estimated to be at approximately USD 58 billion in 2021. Whereas, the sales were over USD 44 billion in 2017. Further, the surging adoption of sustainable farming, coupled with the amplified awareness among people about the hazardous effects of chemical pesticides on human health, and the environment is also estimated to propel the market growth in the region throughout the forecast period. In addition to this, the strong presence of market players, along with the growing focus on high utilization of biopesticides for enhanced yield, and the surge in stringent regulations imposed by the government to regulate the use of chemical-based pesticides and fertilizers is also projected to drive the market growth further throughout the forecast period in the region.

Europe Market Forecast

The European virus based biopesticides market is estimated to be the second largest, registering a share of about ~23% by the end of 2035. The growth of the market can be attributed majorly to the increasing number of research and development activities associated with residue-free crop produce and growing levels of health awareness in the region. Further, the escalating ratio of organic food consumers, followed by the strict regulatory rules regarding the use of synthetic pesticides is also a significant factor that is estimated to drive the market growth in the region during the projected time frame. In addition to this, the surging cost of chemical fertilizers, and escalating initiatives by the government to promote sustainable farming are also projected to accelerate the virus based biopesticides market growth further in the European region throughout the forecast period.

APAC Market Statistics

Further, the market in the Asia Pacific, amongst the market in all the other regions, is projected to hold a majority of the share of about ~17% by the end of 2035. The growth of the market can be attributed majorly to the increasing demand for high crop productivity, followed by the rising adoption of precision farming across the major countries of the region including China, Australia, India, and so on. Additionally, the increasing demand for food backed by the surge in population is also anticipated to proliferate the market expansion in the region. In addition to this, surging investment in R&D activities, coupled with the increase in the development of novel products are also estimated to boost the market growth in the region.

Research Nester
Virus Based Biopesticides Market Size
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Companies Dominating the Virus Based Biopesticides Landscape

top-features-companies
    • Certis USA L.L.C
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Valent BioSciences LLC
    • BASF SE
    • Syngenta Crop Protection AG
    • Novozymes A/S
    • Marrone Bio Innovations, Inc.
    • Nufarm Ltd
    • Isagro S.p.A.
    • BioWorks, Inc.
    • Bioline AgroSciences Ltd

In-the-news

In The News

  • Valent BioSciences LLC has announced the acquisition of FBSciences Holdings, Inc., a company that is a pioneer in the development and marketing of naturally produced plant, soil, and climatic health solutions. Valent BioSciences and its parent organization, Sumitomo Chemical Co., Ltd., are now estimated to deliver an innovative and proven range of comprehensive solutions, comprising biostimulants, biopesticides, and crop nutrition solutions, as a result of this acquisition.

  • Syngenta Crop Protection AG has acquired two next-generation bioinsecticides, NemaTrident and UniSpore, from Bionema Limited, a prominent biocontrol technology company based in the United Kingdom. These two bioinsecticides are expected to deliver customers supplementary and alternative methods for addressing insect pests and resistance in an efficient and environmentally friendly manner.


Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 3405
  • Published Date: Mar 30, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for organic food, rising demand for food, and increasing awareness about the risks of GMO food are the major factors driving the market growth.

The market size of virus based biopesticides is anticipated to attain a CAGR of 15% over the forecast period, i.e., 2023-2035.

Preference for chemical based pesticides in emerging nations, and a dearth of awareness about biopesticides in emerging economies are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Certis USA L.L.C, Valent BioSciences LLC, BASF SE, Syngenta Crop Protection AG, Novozymes A/S, Marrone Bio Innovations, Inc., Nufarm Ltd, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by virus type, application, and by region.

The baculovirous segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Virus Based Biopesticides Market Report Scope
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