Global Biopesticides Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Biopesticides Market Overview
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The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global biopesticides market report has been segmented on the basis of type, formulation, and region.
Biopesticides are a type of pesticides derived from animals, plants, bacteria, and certain types of minerals. They are beneficial for the environment and crops as they are derived from natural ingredients and do not affect overall crop health. Biopesticides are used for controlling pests, insects, microorganisms, and pathogens.
Biopesticides generally include plant growth regulators and insect growth regulators and are used to improve the yield and quality of the crops. Also, biopesticides are known to be less toxic than their conventional counterparts (conventional pesticides). Moreover, biopesticides can be specifically formulated to target certain types of pests and insects.
Rising demand for organic farming products to be used in farming as opposed to that of chemical-based farming products coupled with growing demand for organic food products across the globe is a major factor driving the growth of the global biopesticides market.
In addition, increasing government initiatives for support of organic farming products to be used in farming, easy application, and increasing investments by prominent players in the development of new and innovative biopesticides are other factors anticipated to fuel the growth of the global biopesticides market over the forecast period.
However, the lack of proper knowledge among farmers for use of biopesticides especially in emerging economies is a major factor restraining the growth of the global biopesticides market. Additionally, the lack of willingness to change farming practices among farmers is another factor expected to hamper the growth of the global biopesticides market over the forecast period.
Currently, the market in North America dominates the global biopesticides market in revenue terms owing to growing awareness about these biological products and favorable government initiatives for support of organic farming products in the region.
The market in Europe accounted for the second-highest revenue share in the global biopesticides market, due to stringent regulations for use of chemical-based farming products and increasing adoption of biological farming products, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.
The market in Europe is projected to witness the fastest growth in terms of revenue, owing to favorable government policies and regulations for support of organic farming products in countries in the region.
Global biopesticides market segmentation:
- Others (biomolluscicides, bioacaricides, and biorodenticides)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Actagro LLC.
- Agbiochem Inc.
- Agbitech Pty Ltd.
- Bio-Tech Ltd.
- BioWorks Inc.
- Monsanto BioAg
- Andermatt Biocontrol AG
- Arbico Organics
- Bayer AG
- BASF Corp.
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