Biopesticides Market Overviews
Biopesticides Market size was valued at US$ 4.90 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 14% through 2024 to 2030, reaching nearly US$ 12.26 Bn.
Biopesticides are pesticides that are made from natural substances such as animals, plants, microbes, and minerals. Canola oil and baking soda, for example, have pesticidal properties and are considered biopesticides. Invertebrate pests, plant diseases, and weeds are currently managed with biopesticides. Bacteria, yeasts, fungus, and viruses are among the microorganisms employed. Biopesticides can kill hazardous organisms directly or indirectly by disrupting reproduction or simply deterring pests with compounds they don't like. Most biopesticides don't kill pests right away; instead, they inhibit them so that they can be managed over time. The Biopesticides Market report is published on the basis of segment analysis by source, mode of application, formulation, type and region.
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Biopesticides Market Scope and Methodology:
Growing demand for organic food and organic agriculture around the world boosts demand for biological pesticides, boosting the overall Biopesticides Market forward. As customers become more aware of the chemicals used in food production and the possible dangers of chemical residue on food, they are supporting chemical-free production methods, pushing growers toward organic farming and therefore increasing demand for biopesticides.
Biopesticides Market Regional Insights
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Biopesticides Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.
Biopesticides Market Segmentation
Based on the Type, the market is segmented into Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides, and Other biopesticides. Bioinsecticides segment is expected to hold the largest biopesticides market shares of xx% by 2027. The development of agricultural biologicals has been driven by rising need for sustainable agriculture practises, integrated pest control, insect resistance and resurgence, organic farming, and the growing need to reduce post-harvest crop losses. Biological solutions, in contrast to their chemical equivalents, are target-specific and require less of them. Bioinsecticides, unlike chemical pesticides, are safe to use and pose no environmental risk because they do not leave any chemical residues on the plant. Furthermore, producers benefit from the lower product development costs and time associated with bioinsecticides, as they can be registered in a short period of time, whereas chemical registration might take up to three years. These are the factors that are expected to drives the growth of the Bioinsecticides segment in the global market during the forecast period 2024-2030.
Biopesticides Market Key Players
Syngenta AG (Switzerland)
Bayer AG (Germany)
Marrone Bio Innovation (US)
Novozymes A/S (Denmark)
Nufarm (Australia)
UPL Ltd (India)
Koppert Biological Systems (Netherlands)
Vegalab S.A (US)
Biobest Group NV (Belgium)
FMC Corporation (US)
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Key questions answered in the Biopesticides Market are:
- What is Biopesticides ?
- What was the Biopesticides market size in 2023?
- What is the growth rate of the Biopesticides Market?
- Which are the factors expected to drive the Biopesticides market growth?
- What are the different segments of the Biopesticides Market?
- What growth strategies are the players considering to increase their presence in Biopesticides ?
- What are the upcoming industry applications and trends for the Biopesticides Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Biopesticides Market?
- Who are the leading companies and what are their portfolios in Biopesticides Market?
- What segments are covered in the Biopesticides Market?
- Who are the key players in the Biopesticides market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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