The size of the North American bio-pesticide market is predicted to be valued at USD 2.77 billion in 2023 and USD 5.58 billion by 2028, growing at a CAGR of 15.02%, during the forecast period 2023 to 2028.
North America is one of the fastest-growing bio-pesticides markets and is expected to witness a growth of 15.66% from 2020 to 2025. North America holds the largest share of the market due to the rise in demand for organic foods, which depend on chemical-free products to safeguard crops and human health. Trade tussles are reduced between the region countries after introducing NAFTA. However, there is still a product price gap between the US and Canadian regions, increasing costs for Canadian and Mexican growers.
Bio-pesticides are substances derived from naturally occurring materials like plants, microorganisms, and certain minerals. The 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 are advantageous for farmers as well as for the environment. They are usually less toxic, comparatively cheaper, and effective than conventional bio-pesticides.
The high prevalence of crop diseases and rising demand for organic food are driving the North American market growth. Farmers are usually reluctant to change from the existing practices of chemical pesticides and are also unaware of the benefits of bio-pesticides, which are restraining the growth of the market.
This research report on the North American bio-pesticide market is segmented and sub-segmented into the following categories.
North America Biopesticide Market – By Type:
North America Biopesticide Market – By Crop Type:
North America Biopesticide Market – By Application:
Bio fungicide and bionematicide segments are anticipated to witness the highest growth in the global biopesticide market.
North America Biopesticide Market- By Country:
KEY MARKET PLAYERS:
The North American biopesticide market is consolidated with the following major companies: 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 North American biopesticide market will be valued at USD 2.77 billion in 2023.
The United States and Canada are major contributors to the North American biopesticide market.
The regulatory framework in the United States ensures that Biopesticides meet strict safety and environmental standards, fostering sustainable agriculture practices and product development.
In Canada, the growing awareness about the environmental impact of traditional pesticides and the emphasis on organic products are driving the Biopesticide market.
Parry America, Andermatt Biocontrol Ag, Marrone Bio Innovations Inc, Agbitech Pty Limited, Bioworks Inc, etc.....
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