The research report “Biopesticides Market by Type (Fungicides, Nematicides, Insecticides, Herbicides), by Crop (Fruits and vegetables, Grains and oilseeds), by formulation (Liquid, Dry) by Origin (Botanical, Microbial, Plant-incorporated protectants), and Geography.–Global/Region/Country Forecast to 2027″. The Global Biopesticides Market was valued at USD 5.2 billion in the year 2020 and is anticipated to grow at USD 12.85 billion till 2027 witnessing a CAGR of 13.8% during the forecast period 2021-2027.
Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Biopesticides Market by Type (Fungicides, Nematicides, Insecticides, Herbicides), by Crop (Fruits and vegetables, Grains and oilseeds), by formulation (Liquid, Dry) by Origin (Botanical, Microbial, Plant-incorporated protectants), and Geography.–Global/Region/Country Forecast to 2027″.
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Emerging key players in the industry will foster the Biopesticides Market Growth
Biopesticides are the certain substances come from the living things. Biopesticides market tends to pose some risks than those conventional chemicals. They are found in nature. These are more effective in small amount also and break down quickly, which lead to less pollution. A few of the biopesticides are aimed in their activity frequently working on the small number of species. Organic product development created the huge awareness among consumers around the globe about the advantages of biopesticides. Biopesticides Market is getting huge support from the government of various nations for the growth of the market like regulatory implementations by Canada Pest Management Agency and US Environmental Protection Agency. Key players adopting different growth strategies such as agreements, acquisitions, collaborations to boost the biopesticides market growth. Fertile agricultural research & development in U.S and U.K is anticipated to propel the biopesticides market growth.
Growing demand from agriculture segment for biopesticides and increasing fruits production are the crucial factors contribute greatly in impelling the biopesticides market growth. Furthermore, there are some other major factors that are anticipated to witness the market growth such as huge demand for the exotic fruit production, increasing awareness about the advantages of biopesticides than those conventional pesticides and growing support from the government. On the other hand, lack of infrastructure in emerging countries and lack of awareness about biopesticides in a few underdeveloped economies is anticipated to hinder the market growth.
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Impact of COVID-19 Biopesticides Market:
In addition, the report discusses the implications of COVID-19, including the industry’s initial response and strategies for ensuring business continuity in the coming years.
North America is the a leading Region in the Biopesticides Market
On the basis of Region, Biopesticides Market is categorized into different prominent regions like North America, Asia Pacific, Europe, Middle East, Latin America and Africa. North America is the leading region among other regions owing to the factors such as growing adoption of biopesticides and favorable regulatory structure in the region. Europe also witnessed substantial growth in the biopesticides industry. Asia Pacific is the profitable market in the biopesticides market due to the factors such as growing adoption of the eco-friendly agricultural practices, emerging key players in the major countries of Asia Pacific and Growing government initiatives.
Competitive Analysis
Leading key players of Biopesticides Market are Bayer CropScience AG (Germany), BASF SE (Germany), Marrone Bio Innovations Inc. (U.S.), The Dow Chemical Company (U.S.), Monsanto Company (U.S.), Valent Biosciences Corporation (U.S.), Camson Bio Technologies Limited (India), W. Neudorff GmbH Kg (Germany) and Bioworks, Inc. (U.S.)
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