The Biopesticides Market is being driven by Increase in pest activities due to global warming
The Biopesticides Market is expected to grow at a CAGR of 18.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 8866.9 million. In the biopesticides market, research and development are focused on leveraging advances in genomic knowledge to create more effective and targeted solutions. Molecular-based technologies are utilized to reconstruct the evolution of natural microbial enemies of pests and disrupt their pathogenicity, providing valuable insights into ecological interactions and enhancing efficacy. Additionally, understanding the mechanisms behind weed resistance to herbicides and the characteristics of insect receptor proteins for detecting semi-chemicals can lead to improved strains of natural microbial enemies and increased product performance.
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The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
213 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 18.6% |
Market growth 2025-2029 |
USD 8866.9 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
16.2 |
Key countries |
US, Canada, Germany, France, China, India, Australia, South Korea, Brazil, and Mexico |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Biopesticides Market encompasses the business of supplying and using biopesticides in farming practices. Biopesticides, derived from plants, animals, minerals, and bacteria, offer alternatives to synthetic pesticides. They address health concerns, including respiratory problems, neurological damage, and allergies, for both farmers and consumers. The market's growth is influenced by agricultural output, arable land area, and the organic food industry's expansion. Fruits and vegetables, such as apples and grapes, are popular targets for bioinsecticides, applied through foliar spray. Developed countries' health awareness and consumer preferences for organic menus further fuel the demand for biopesticides, impacting the entire supply chain.
The Biopesticides sector, a significant segment of the larger Fertilizers and Agricultural Chemicals market, encompasses businesses engaged in the production and sale of biopesticides. These include natural substances derived from plants, animals, minerals, and bacteria, used to mitigate issues related to pests, diseases, respiratory problems, neurological damage, and allergies in crops and livestock. The market's expansion is driven by the increasing launch of bio-based solutions, as companies seek to broaden their product offerings and cater to the growing demand for sustainable agricultural practices. The global Biopesticides market size is determined by the revenues generated from the sales of various types, including bioherbicides, bioinsecticides, and bionematicides. The agricultural sector's expansion, driven by the increasing arable land area and the need to enhance agricultural output, further fuels market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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