According to TechSci Research report, “Global Bio Pesticides Market By Origin, By Formulation, By Type, By Application, By Crop Type, By Region, Competition Forecast & Opportunities, 2012 – 2026,” the global bio pesticide market is forecast to surpass $ 11 billion by 2026, on account of various benefits associated with bio pesticides such as environment friendly and no pest resistance coupled with relatively lower price compared to chemical pesticides.
Important Elements of Bio Pesticides Market
Additionally, rising concerns about food security across the globe on account of increasing population and shrinking arable land area are further augmenting demand for bio pesticides in developing as well as developed economies.
Browse 5 Tables and 299 Figures spread through 195 Pages and an in-depth TOC on the “Global Bio Pesticides Market“.
On the basis of type, the global bio pesticides market has been broadly segmented into Bio-insecticides, Bio-fungicides, Bio-herbicides, and Others. Among these categories, Bio-insecticides accounted for the largest share in the global bio pesticide market in 2016, and the same trend is expected to continue during the forecast period as well, as bio-insecticides are relatively economical as compared to other types of bio pesticides. North America is the largest demand-generating region for bio pesticide across the world, owing to increasing preference towards organic food coupled with growing awareness about the ill effects of chemical fertilizers.
“Chemical fertilizers are adversely affecting the crops as well as the environment. Additionally, people are opting for organic food products due to the various benefits associated with them. Moreover, governments of many countries across the globe are taking measures directed towards encouraging farmers to switch to biopesticides, as they are environmentally friendly. All these factors are expected to significantly boost demand for bio pesticides across the globe in the coming years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
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“Global Bio Pesticides Market By Origin, By Formulation, By Type, By Application, By Crop Type, By Region, Competition Forecast & Opportunities, 2012 – 2026,” has evaluated the future growth potential of the global bio pesticides market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global bio pesticide market.
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