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Biopesticides Market Trends

Report ID: GMI1340
Published Date: Jul 2024
Report Format: PDF

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Biopesticides Market Trends

The biopesticides industry is witnessing several key trends, including a strong shift towards sustainable and organic farming practices driven by consumer demand for chemical-free produce. Advances in biotechnology are leading to more effective and diverse biopesticide formulations, expanding their applicability. Integration of biopesticides into integrated pest management (IPM) strategies is becoming increasingly popular among farmers. The market is also experiencing growth in partnerships and collaborations among companies to enhance research and development efforts. Additionally, regulatory support and favorable government policies are accelerating the adoption and development of biopesticides globally.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for biopesticides was valued at USD 3.17 billion in 2023 and is anticipated to register over 10.1% CAGR between 2024 and 2032, driven by the increasing global emphasis on sustainable agriculture.

The bio insecticides segment in the biopesticides market recorded USD 1.54 billion in 2023 and is expected to reach USD 3.66 billion by 2032, due to their broad spectrum of applications.

North America market generated a revenue of USD 1.19 billion in 2023 and is expected to reach USD 2.76 billion by 2032, due to combination of strong regulatory frameworks.

Agrolink, BASF SE, Bayer Crop Science, Bio Intrant, CairoChem, Certis USA L.L.C., Chema Industries, Corteva Agriscience, and Indigo Ag among others.