Press release
Biopesticides Market With Geographic Segmentation, Statistical Forecast And Competitive Analysis Report To 2023
Market OverviewBiopesticides Market size is projected to reach USD 8.41 Billion by 2028 from an estimated USD 3.71 Billion in 2021, growing at a CAGR of 12.4% globally.
Pesticides originating from natural substances like plants, animals, microbes, and specific minerals are referred to as biopesticides, sometimes known as biological pesticides. Biopesticides are typically unique in their mechanisms of action and are regarded as low-risk insecticides. Most are much more affordable to develop than conventional synthetic chemical pesticides, selective, and leave little or no hazardous residue. Biopesticides are valuable components of integrated pest management due to their variety of appealing qualities. (IPM). Many biopesticides may be administered by farmers using their current spray equipment and are suited for small-scale production.
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Market Dynamics
Driver
Growing customer preference for natural and organic food products as a result of the current healthy lifestyle trend has positively impacted the business of biopesticides during the projected period. Biopesticides are pesticides that are naturally produced by bacteria, minerals, plants, and other organisms. The global biopesticides market is increasing as a result of growing consumer awareness of the negative impacts and health concerns such as respiratory disorders, neurological damage, allergies, and many others linked to consuming food containing pesticides.
Opportunities
The development of microbial and RNA interference (RNAi) technology by major businesses like Bayer AG (Germany) is enabling farmers to use better substitutes for applying biological goods. These key stakeholders in the crop protection sector have invested a lot of time and effort into their research, which has encouraged the effective use of biological signals to activate RNAi-specific genes, which would aid in increased yield and quality as well as disease and pest resistance. These developments in microbial research may lead to many opportunities for customers in the form of breakthroughs.
The Report Will Contains A Crucial Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
• SWOT Analysis
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Segmentation of the Biopesticides Market
By Type
• Bioinsecticide
• Biofungicide
• Bioherbicides
• Other
By Source
• Microbials
• Biochemicals
By Crop Type
• Fruits & Vegetables
• Cereals
• Oilseeds
• Other
By Mode of Application
• Foliar Spray
• Soil Treatment
• Post-Harvest
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Regional Analysis of Biopesticides Market:
The North American region accounted for the maximum share of the global market over the forecast period. The US is one of the leading economies for the export of different fruits and vegetables. The demand to accomplish international export standards is demanding the farmers to acquire biological crop protection inputs. The growth in consumer demand for organic-based food awareness about residue levels in foods is also turning farmers to acquire biopesticides in this region. The region is being the presence of leading biopesticide produces have leads the research on biological crop protection products.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Players Covered in Biopesticides Market are
• Andermatt Biocontrol AG (Switzerland)
• Nufarm (Australia)
• Bayer AG (Germany)
• Valent Biosciences LLC (US)
• Marrone Bio Innovation (US)
• Novozymes A/S (Denmark)
• UPL Ltd (India)
• Koppert Biological Systems (Netherlands)
• Vegalab S.A (US)
• Biobest Group NV (Belgium)
• Syngenta AG (Switzerland)
• STK Bio-ag (Israel)
• Bionema (US)
• Certis US L.L.C (US)
• Isagro S.p.An (Italy)
• FMC Corporation (US) and other major players.
Key Industry Developments In Biopesticides Market
In August 2021, US-based, an international leader in sustainable protection and plant health solutions to help global agricultural needs, and Canadian based company Terramera, a global tech leader and inventor of Actigate technology, has signed an agreement of partnership to combine their technological and biological expertise to improve the performance of MBI's crop protection products and expedite product development.
In March 2021, Nufarm declared the new introduction of the NuBio umbrella brand. Australian-based crop protection company Nufarm has been providing biological solutions for almost 20 years. To cater to customers with better guidance in their buying decisions, the company is now leading together its entire range of biological products under the NuBio umbrella brand. The NuBioportfolio currently includes more than 15 products, with the biostimulant Go K Up to be added in the first quarter.
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Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures And Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?
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