Biopesticides Market
According to the latest report by IMARC Group, titled “Biopesticides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on biopesticides market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global biopesticides market reached a value of US$ 5.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.1 Billion by 2027, exhibiting a CAGR of 14.5% during 2022-2027.
Biopesticides refer to the organic pest repellents that are derived from natural sources, such as microorganisms, plants, and biochemicals. Pesticides These repellents made from biological sources are inherently less toxic than synthetic pesticides, offer long-term and permanent pest control, and are highly effective even when applied in small amounts. Crop treatment usually involves spraying or adding them directly to the soil to control weeds, pests, and insects. Fruits, vegetables, cereals, grains, oilseeds, and pulses are the most common crops treated with biopesticides.
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The market is primarily driven by the augmenting adoption of environmentally friendly agricultural inputs across the globe. This can be attributed to the ban on chemical pesticides in several countries due to the deteriorating effect they have on soil and crops. In addition to this, with the increasing prevalence of pests developing resistance to crop protection chemicals, there has been a rise in the product uptake. Favorable government initiatives supporting organic farming practices are also fueling the product demand. Some of the other factors providing an impetus to the market growth include extensive research and development (R&D) activities, the rising concerns regarding residue levels in crops, and widespread pest-control programs.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Our report has categorized the market based on region, product, formulation, source, mode of application and crop type.
Breakup by Source:
Breakup by Mode of Application:
Breakup by Crop Type:
Breakup by Region:
Key highlights of the report:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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