Biopesticides Market Research Report

 

Biopesticides Market

Biopesticides Market is projected to witness a promising CAGR of 15.10% over the forecast period. Biopesticides are procured from organic materials such as animals, bacteria, and other minerals and have replaced some synthetic chemical pesticides. With the growing concern about the pollution caused by synthetic chemicals, consumers are looking for chemical-free products.

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Growing use of microbial seed treatment in fields and growing demand for organic products are the two major factors propelling the biopesticides market growth. Biopesticides in sustainable agriculture tackle environmental and social concerns, thereby offering innovative opportunities to consumers. Strategic government norms and increasing demand for natural products have thus driven the market size. Also, as per the Biopesticides Market analysis, due to the evolving need for food safety, biopesticides have gained immense popularity over their synthetic counterparts.

By type, bioinsecticides segment is anticipated to capture the highest share over the forecast period, owing to the growing use of insecticides in the fruits and vegetables. Also, the surge in demand for natural products and rising emphasis on the prevention of insect-borne diseases will bolster the global Biopesticides market growth.

By mode, Dry formulation is predicted to witness a faster CAGR over the forecast period as they are easy to handle, user-friendly, and quick to apply.

By end-use, the Fruits and vegetable segment is forecast to grow at a higher CAGR during the forecast period. The demand is attributed to the growing demand for fruits and vegetables and the rising inclination towards organic products.

By region, North America is likely to lead the market over the coming years. Strategic government policies and regulations, growing awareness about the use of pesticides, and rising prices of chemical pesticides have driven the Biopesticides Market share.

Asia-Pacific region is anticipated to capture the largest share during the forecast period owing to the intensified investments by leading market players. Also, rising research and development activities to produce technologically sophisticated products will fuel the Biopesticides Market size.

Biopesticides Market Segmentation:

Biopesticides Market by Type
  • Bioinsecticide
  • Biofungicide
  • Bioherbicide & Bionematicide
  • Others
Biopesticides Market by Mode of Application
  • Dry Formulation
  • Wet Formulation
Biopesticides Market by End-Use
  • Fruits & Vegetables
  • Cereals & Row Crops
  • Seed Treatment
  • Non-Crops
Biopesticides Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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