Biopesticides Market Report, Size, Trends, Demand, Analysis and Forecast 2021 to 2026A Story by Mark SmithIMARC Group expects the market to grow at a CAGR of around 14% during 2021-2026.According to the latest report by IMARC Group, titled "Biopesticides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global biopesticides market share reached a value of US$ 3.96 Billion in 2020. Biopesticides are biochemical pesticides derived from naturally occurring substances, such as bacteria, plants, animals, and microbes. They are used to control various pests and disease-carrying organisms, including mice, ticks, and rats. There are majorly three forms of biopesticides, namely bioherbicides, bioinsecticides, and biofungicides. These pesticides manipulate the growth of pests, insects, and weeds in crops by getting directly sprayed in the soil through a foliar spray. As compared to conventional pesticides, they are inherently less toxic as they are decomposable in nature, offer long-term pest control, and are highly effective even when applied in small quantities. As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic. Global Biopesticides Market Trends: The widespread adoption of organic farming practices, in confluence with significant growth in the agriculture industry, represents one of the key factors driving the global biopesticides market growth. In line with this, increasing concerns regarding soil health and agriculture sustainability are acting as another major growth-inducing factor. There is rising awareness regarding the detrimental effects of chemical pesticide application on the soil and the produced crops, which, in turn, is catalyzing the utilization of biopesticides across the globe. This, along with shifting consumer preference toward organic food products, is creating a positive outlook for the market. Other factors, such as the implementation of stringent policies to promote sustainable farming and innovations in the field of agricultural sciences, are driving the market toward growth further. Looking forward, the market value is expected to exceed US$ 8.65 Billion by 2026, registering a CAGR of 14% during 2021-2026. Competitive Landscape with Key players: The report has also analysed the competitive landscape of the market with some of the key players being.
Market Segmentation: Our report has categorized the market based on region, product, formulation, source, mode of application and crop type. Breakup by Product:
Breakup by Formulation:
Breakup by Source:
Breakup by Mode of Application:
Breakup by Crop Type:
Breakup by Region:
Key highlights of the report:
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation. About Us: 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. Contact US: © 2021 Mark Smith |
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Added on August 16, 2021 Last Updated on August 16, 2021 Tags: Biopesticides Market, Biopesticides Market Size, Biopesticides Market Share, Biopesticides Market Forecast Author
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