PUBLISHER: Value Market Research | PRODUCT CODE: 1542492
PUBLISHER: Value Market Research | PRODUCT CODE: 1542492
The global demand for Biopesticides Market is presumed to reach the market size of nearly USD 49.36 Billion by 2032 from USD 14.01 Billion in 2023 with a CAGR of 15.02% under the study period 2024-2032.
Biopesticides is a promising market, growing at a double-digit rate every year. It is the fastest-growing segment in crop protection. Demand for biopesticides increases with the combination of factors, including expanding global population, shrinking arable land, increasing pest attack on plants and crops, growing need to produce more food more sustainably, and escalating participation in research and development. Biopesticides are organic pest control prepared using organic or naturally occurring substances, such as plants, microbes, and biochemical. Biopesticides are less toxic and highly efficient than conventionally used synthetic pesticides. It offers the potential for higher crop yields and quality than chemical-based pesticides. Added benefits involve residue and resistance management, shorter field re-entry, biodegradability, and low risk to beneficials, including honeybees.
Transforming the agriculture sector, the rising trend of organic farming practices, growing awareness among farmers about the adverse effect on the environment of using synthetic pesticides and other agricultural additives, and shifting consumer preference towards organic food is propelling the market for biopesticides. Besides this, increased participation, agricultural sciences innovations, and favorable government support to promote sustainable farming practices stimulate demand growth. However, the main challenge market-facing is the cost structure. Biopesticides stand out as costly compared to chemical-based pesticides, hindering their wide adoption among farming practitioners. However, if benefits are compared, biopesticides are more cost-effective.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Biopesticides. The growth and trends of Biopesticides industry provide a holistic approach to this study.
This section of the Biopesticides market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Biopesticides market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Biopesticides market include Certis USA LLC, Syngenta International AG, Nufarm Ltd., Bayer AG, Novozymes A/S, Gujarat State Fertilizers And Chemicals Ltd., FMC Corporation, Agri Life, Symborg S.L., Biotech International Limited, T. Stanes & Company Limited, Summit Chemical Inc., BioSafe Systems LLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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