Press Release

Biopesticides Market Research Report to 2025 | Future Trends, Demand Price, Top Key Players Review

Biopesticides Market

Increasing practice of organic farming will enable growth in the global biopesticides market. Fortune Business Insights, recently published a report, titled “Biopesticides Market Size, Share and Global Trend By Product Type (Bioinsecticides, Biofungicides, Bionematicides) Source (Microbials, Biochemicals) Mode of Application (Foliar Application, Seed Treatment, Soil Treatment) Crops (Cereals, Oilseeds, Fruits & Vegetables) and Geography Forecast till 2025.”

Get PDF Brochure of this [email protected] https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/biopesticides-market-100073

As per the report, the biopesticides market in North America was valued at US$ 1.27 Bn in 2017. Following North America, Europe is the second-leading region in the global market. The regions are expected to continue enjoying a stronghold in the global biopesticides market through the forecast period. Governments in North America and Europe has implemented stringent regulations to curb the consumption of chemical pesticides in order to prevent damaging environment. This is a key factor aiding the growth of the market in these regions. This is likely to enable the global biopesticides market exhibit an impressive CAGR in the coming years.

According to the report, the global biopesticides market was worth US$ 3.36 Bn in 2017. Additionally, the global market is foreseen to progress at a remarkable CAGR of 14.93% and reach US$ 10.19 Bn by the end of 2025. The report classifies the global biopesticides market in terms of various segments.

 

Increasing Consumption of Organic Food to Drive Market

Some of the factors anticipated to drive the global biopesticides market during the forecast period are rising awareness regarding benefits of consuming organic food and intense research and development by start-ups on active ingredients of biopesticides.

As per the Research Institute of Organic Culture (a leading research and information center for organic farming) in 2015, 50.9 Mn hectares of agricultural land was used for organic farming. The rising practice of organic farming is expected to fuel the demand for biopesticides.

Request Customization of this [email protected] https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/biopesticides-market-100073

On the contrary, high cost associated with biopesticides as against the lower price and easy availability of synthetic pesticides may hamper the growth in the global biopesticides market during the forecast period.

In terms of source, microbial was the leading segment in the global bio pesticides market. The segment is also expected to witness impressive growth during the forecast period. Microbial-based pesticides are popular to protect crops from various plant pathogens among various cultivation environments. This is expected to propel demand in the global biopesticides market.

Stockton, Ready to Lead Global Market in Future

Key market players are emphasizing on developing new and more effective products to gain a higher share in the global biopesticides market. For instance, Stockton STK launched a new product, the Timorex Gold Biofungicide. Stockton have signed long term distribution agreements with various organizations for Timorex. This is anticipated to enable growth in the global biopesticides market. Some of the companies operating in the global biopesticides market are Bayer CropScience, BASF, DowDupont, Marrone Bioinnovations, Koppert, Valent BioSciences, BioWorks Inc., Isagro, Stockton Ltd.

Related [email protected]

Crop Protection Chemicals Market Research Report 2019: Global Industry Analysis, Future Growth, Size, Business Development Trends, Forecast To 2025

Medical Devices Market 2019 – Global Key Leaders Analysis, Growth, Gross Margin, , Future Trends Demands, Segmentation, by Regional Forecast to 2025

Surgical Staples Market Industry Outlook, Trends, Competitive Landscape, Statistics, with Global Forecast to 2026

Tags

Jesus Rust

Jesus is leading the environment column. He is a very renowned environmentalist and has worked in many projects, some of which are based in faraway lands too. He always encourages environment conservation and sometimes keeps small group talks about the concerns. His writing and editing skills act the cheery on the top of the cake.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close