Australia Biopesticides Market Report and Forecast 2024-2032

Australia Biopesticides Market Outlook

The Australia biopesticides market size is expected to grow at a CAGR of 7.9% between 2024 and 2032.

Key Takeaways:

• The Australian Pesticides and Veterinary Medicines Authority (APVMA) oversees over 900 chemicals approved for agricultural and veterinary use. Food Standards Australia & New Zealand (FSANZ) sets Maximum Residue Limits (MRLs) for these chemicals in food. 

• Organic products adhere to stricter MRLs, although most approved chemicals are not allowed in organic production.

• As per industry reports, the organic food market in Australia is thriving, with an estimated retail value of USD 2.3 billion in 2021 and growing consumer demand.

• In 2022, vegetables, fruit, wine grapes, and beef dominated organic production, with horticulture as the primary sector. Other organic products include nuts, tea tree oil, honey, and wool, reflecting a diverse market landscape.

The Australian biopesticides market is expected to witness substantial growth, fuelled by mounting concerns over human, animal, and environmental health associated with chemical pesticides. As countries tighten regulations on pesticide residues, biopesticides emerge as safer alternatives, particularly in Asia-Pacific economies. The EPA's streamlined registration process for biopesticides, taking less than a year compared to over three years for chemical pesticides, further propels market expansion.

Developing countries are simplifying biopesticide registration requirements and offering R&D grants, fostering market development. While microbial pesticides' registration processes align with chemical pesticides, they're adapted to accommodate biological ingredients. 

Further, the rising demand for sustainable agricultural practices and a shift away from chemical pesticides is boosting the Australia biopesticides market development. Derived from natural sources like plants and microorganisms, biopesticides offer eco-friendly alternatives. Heightened awareness of chemical pesticide hazards and the organic food surge propel demand.

The market offers diverse products, including microbial pesticides and biochemicals, preferred in organic farming. Biocontrol products acting as herbicides, such as vinegar and citric acid, gain traction despite limitations on long-term weed control and soil health effects. However, Australia faces challenges like weed resistance and the allure of cheap, broad-spectrum pesticides, hindering biopesticide adoption. Despite widespread organophosphate use, Australia's stance contrasts with EU and US bans, signalling a need for biopesticide adoption. As regulations tighten and resistance grows, biopesticides emerge as vital solutions for sustainable farming practices in Australia.

Market Segmentation

Australia Biopesticides Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Source

• Microbials

• Biochemicals

• Beneficial Insects

• Others

Market Breakup by Type

• Bioinsecticides

• Biofungicides

• Bioherbicides

• Bionematicides

• Others

Market Breakup by Formulation

• Liquid

• Dry

Market Breakup by Mode of Action

• Foliar Application

• Seed Treatment

• Soil Treatment

• Post-Harvest

Market Breakup by Crop Type

• Cereals and Grains

• Oilseeds and Pulps

• Fruits and Vegetables

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Western Australia

• Australian Capital Territory

• Others

Competitive Landscape

Key players in the biopesticides in Australia develop, manufacture and process products aiding the end-users to obtain higher yields from the crops while eliminating unwanted substances.

• Innovate AG

• Valent BioSciences LLC

• Novozymes Australia Pty Ltd.

• ISAGRO

• Certis Biologicals

• DE SANGOSSE AUSTRALIA PTY LTD

• Others

Key Highlights of the Report