The Biopesticides Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Biopesticides Market:
https://www.thebusinessresearchcompany.com/report/biopesticides-global-market-report
According to The Business Research Company’s Biopesticides Global Market Report 2024, The biopesticides market size has grown rapidly in recent years. It will grow from $6.2 billion in 2023 to $7.4 billion in 2024 at a compound annual growth rate (CAGR) of 19.3%. The growth in the historic period can be attributed to growth in awareness about the environmental and health impacts, increase in government regulations, expansion of organic farming, investments in research and development, rise in disposable income.
The biopesticides market size is expected to see rapid growth in the next few years. It will grow to $14.46 billion in 2028 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to rise in agriculture sector, growing global population, rising demand for hygiene and quality food, economic growth. Major trends in the forecast period include precision agriculture integration, digital technologies, market consolidation and partnerships.
The rising demand for organic food is expected to propel the growth of the biopesticides market going forward. During the COVID-19, the demand for organic food has increased as buyers perceived it as healthier and good for immunity. Biopesticides are composed of toxins found in living organisms that are harmful to pests that attack plants but have no effect on the plant itself, therefore reducing soil pollution and erosion. As a result, biopesticides are used in organic crop production. For instance, in 2023, according to the Organic Industry Survey released by the Organic Trade Association, a U.S-based organization, Organic food sales in the United States in 2022 broke through $60 billion for the first time, hitting another high-level mark for the resilient organic sector. . Therefore, the rising demand for organic food will drive the biopesticides market growth.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=5702&type=smp
The biopesticides market covered in this report is segmented –
1) By Type: Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides, Other Types
2) By Source: Microbials, Biochemicals, Beneficial insects
3) By Formulation: Liquid Formulation, Dry Formulation
4) By Mode Of Application: Seed TreATMent, Soil TreATMent, Foliar Spray, Other Mode Of Applications
Technological advancement has emerged as a key trend in the biopesticides market. Biopesticides manufacturers are developing new bacterial strains using new technologies for biological control of pests and plant diseases. For instance, in February 2021, Ballagro Agro Technology Ltd., a Brazil-based agricultural company launched biopesticide Acera based on Embrapa technology. Acera is a biopesticide formed by mixing two isolates of Bacillus thuringiensis (BT) bacteria. Bacillus thuringiensis (BT) is a bacterial species that produce proteins with poisonous effects for insects but not for humans or other animals. It is not harmful to the environment, unlike chemical pesticides. The substance must be sprayed on the leaves, and the caterpillars are influenced by the action of such proteins when they eat them. The product will benefit crops such as soybeans, corn, and cotton in particular.
The biopesticides market report table of contents includes:
1. Executive Summary
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Overview and Scope Plasma powder is a protein-rich ingredient derived from the spray-drying of plasma,…
Overview and Scope A pedestrian bridge is a constructed framework spanning a railway, river, or…
Overview and Scope Next-generation antibody therapeutics are advanced antibody-based drugs in structure, functionality, and therapeutic…
Overview and Scope A neurological biomarker is a substance that provides objective and quantifiable information…
Overview and Scope Home insurance is a policy that pays for expenses and damage to…
Overview and Scope Extended-release drugs are a dosage form made to release the medication over…