03-Aug-2020 | Zion Market Research
The global biopesticides market is anticipated to reach around USD 7.17. Billion by 2026, growing at around 15.65% CAGR during the forecast period 2020–2026. The major players active in the biopesticides market comprise Syngenta, Bayer CropScience, Marrone Bio Innovations, BASF, Valent BioSciences Corporation, Isagro, Koppert, Certis, Stockton Group, Bioworks, UPL, and FMC Corporation. These players are actively participating in the development of new products, new launches, and spending to enhance their market status and expand their product portfolio. To cite, in December 2019, EPA registered 10 new products out of which 9 are biopesticides, whereas 1 is a conventional pesticide. Such advancements are projected to boost market growth in the coming period.
Cost-Effectiveness Of Biopesticides Likely To Boost Their Demand In The Near Future
The environment-friendly nature of biopesticides is the likely reason for the rising inclination to these products as they are entirely natural and undamaging to the environment. In IPM systems and organic farming, rising support is been witnessed for the use of biological solutions rather than chemical pesticides. Also, these biological solutions are much reasonably priced compared to chemical pesticides. This is anticipated to boost the growth of the biopesticides market in the coming period.
Bioinsecticides Segment Of The Biopesticides Market To Witness Rapid Growth
The biopesticides market has been bifurcated based on type, mode of application, source, crop application, formulation, and region. In the forecast period, the type segment bioinsecticides of the market is anticipated to take hold of the highest share in the market. Ordinarily, the commercial preparations include a mixture of crystal proteins, inert carriers, and spores. The formulation exists in diverse forms such as wettable powders, water-dispersible granules, granules or dusts, and emulsifiable concentrates. It can be combined with suitable chemical fungicides or insecticides when needed.
Rising Organic Product Preference To Help North America Dominate The Market
The biopesticides market in North American is anticipated to hold most of the market shares in the coming period. The market growth in this region is propelled by the rising inclination of customers to organic products, easy registration process, and rising consumer alertness about the adverse impacts of synthetic pesticides on the wellbeing of humans. Furthermore, even the biopesticides market in Europe is expected to develop at a rapid pace in the forecast period.
Browse the full “Global Biopesticides Market - By Type (Bioinsecticides, Biofungicides, and Bionematicides), By Mode of Application (Soil treatment, Foliar Spray, Post-harvest, and Seed treatment), By Source (Microbials, Plant Extracts, and Beneficial Insects), By Crop Application (Oilseeds & Pulses, Cereals & Grains, Fruits & Vegetables, And Others),By Formulation (Dry and Liquid), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/biopesticides-market
The global biopesticides market is segmented as follows:
By Crop Application
By Mode of Application:
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