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 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 market exhibit an impressive CAGR in the coming years.
organizations for Timorex. This is anticipated to enable growth in the global biopesticides market. Some of the companies operating in the global market are
- Bayer CropScience,
- Marrone Bioinnovations,
- Valent BioSciences,
- BioWorks Inc.,
- Stockton Ltd.
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 market in terms of various segments.
Key questions answered in the biopesticides Market report:
- What will the market growth rate of biopesticides Industry in 2025?
- What are the key factors driving the Global market?
- What are sales, revenue, and price analysis of top manufacturers of biopesticides Industry?
- Who are the distributors, traders and dealers of biopesticides Trend?
- Who are the key vendors in biopesticides ?
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 market during the forecast period.
- Microbials (Bacteria, Fungi, and Others)
- Biochemicals (Semiochemicals, Plant Extracts, and Others)
By Mode of Application
- Foliar Application
- Seed Treatment
- Soil Treatment
- Fruits & Vegetables
- Other Crops
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 market.
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