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Biopesticides Market Estimated to Witness A Phenomenal Growth During the Forecast Period

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Biopesticides Market Estimated to Witness A Phenomenal Growth During the Forecast Period

April 26
01:12 2022
Biopesticides Market Estimated to Witness A Phenomenal Growth During the Forecast Period
Biopesticides Market Research
Biopesticides Market Research Report: Type (Bioherbicide, Bioinsecticide, Bio Fungicide, And Others) Form (Liquid, Dry) Application (Soil, Foliar, Seed, And Others), Crop (Grain And Cereal, Oilseeds, Fruits, And Vegetables) Region Forecast Till 2027

Biopesticides Market Overview:

Pesticides generated from natural sources such as animals, plants, microbes, and certain minerals are called biopesticides. They include naturally occurring pesticides. Biopesticides are non-toxic. Additionally, they provide permanent or long-term pest management, which is fueling the market’s growth. Additionally, its eco-friendliness is gaining global favor. Biopesticides are classified as bioherbicides, bioinsecticides, and bio fungicides, and are typically available in dry or liquid form.

Market Dynamics

Biopesticides are particularly effective against microbial diseases that cause crop outbreaks, which contributes to their growing adoption in the agriculture sector worldwide. The growing demand for organic products in developed countries is propelling the bio-pesticides market forward. While chemical or synthetic pesticides continue to be widely used in crop protection, human, animal, and environmental health concerns are driving the emergence of biopesticides.

Numerous countries are adopting a more restrictive approach to imports, focused on pesticide residue regulation. The increased area under grains, cereals, and oilseeds would significantly increase the volume of biopesticides consumed in the United States. Although biopesticides for grains and cereals are the most widely used, oilseed uses are projected to increase the fastest because to the growing demand for oilseed-based goods.

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Concerns about the use of synthetic pesticides are fueling the biopesticides market’s growth. Additionally, government support for environmentally friendly goods is fueling the expansion of the biopesticides market in several nations. Synthetic pesticides, on the other hand, are generated at a lower cost, which may restrain the growth of the biopesticides market over the forecast period.

Segmental Analysis

The market for biopesticides is categorized by type, which includes bioherbicide, bioinsecticide, and biofungicide. Among all, bioinsecticide is expanding at the fastest rate due to its ease of use and application.

The biopesticides market is categorized by form into dry, liquid, and others. Liquid formulations are gaining popularity due of their longer shelf life as compared to other forms.

The biopesticides market is categorized by application into foliar spray, seed treatment, soil treatment, and others. The market for foliar-applied biopesticides is currently dominated and is predicted to expand significantly over the forecast period.

The biopesticides market is split by crop type into cereals and grains, fruits and vegetables, oilseeds, and others. Among them, the cereals & grains section is the market leader. Fruits and vegetables, on the other hand, are predicted to have significant growth during the projection period.

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Regional Overview

The global market for biopesticides is divided into four regions: North America, Europe, Asia Pacific, and the rest of the world (RoW).

North America dominates the market, with the United States playing a significant role in this regional expansion. The growing demand for organic food in North American countries is propelling the biopesticide industry in this region. Over the projected period, advanced farming techniques in Europe are expected to drive the biopesticides market at the highest rate. Canada is another prospective market for biopesticides and their regulation, as the country has a robust R&D, registration, and advancement program for these naturally risk-reduced pesticides. There are currently over 200 registered biopesticide products in Canada, with microbial being the most prevalent type. Biofungicides and bioinsecticides account for the lion’s share of the biopesticides market in North America.

Asia Pacific is expected to increase at the quickest rate during the projection period. India and China, two of the world’s most populous countries, are important contributors to the biopesticides market’s growth. South America is expected to dominate the rest of the international market.

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Competitive Dynamics

Some of the key players profiled in the global biopesticides market are Bayer Crop Science AG (Germany), DuPont (U.S.), BASF SE (Germany), Monsanto Company (U.S.), Syngenta (Switzerland), Novozymes Biologicals (Denmark), Certis USA LLC (U.S.)

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