Biopesticides Global Market Analysis & Forecast 2025
The Global Biopesticides Market is expected to grow at a CAGR of 16.1% from 2019 to 2025 to reach $10.24 billion by 2025.
By: Bharat Book Bureau
The Global Biopesticides Market (https://www.bharatbook.com/
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. The factors such as increasing investment from leading crop protection companies in biopesticides space, growing awareness about environmental safety with use of biopesticides, growing organic farming & demand for organic food, and increasing government initiatives to promote the use of biopesticides across the globe are driving the growth of the global biopesticides market. However, factors such as lack of awareness & low adoption of biopesticides in certain regions, low shelf life & inconsistent performance of biopesticides, and various challenges to new entrants & small companies are expected to hinder the growth of the biopesticides market.
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Based on type, bioinsecticides segment is estimated to command the largest share of the overall biopesticides market in 2019. The large share of this market is mainly attributed to growing awareness regarding environmental hazards due to chemical insecticides, high prevalence of insect-based infections, and rise in number of resistant pests.
Based on origin, microbial biopesticides segment is estimated to command the largest share of the overall biopesticides market in 2019. As microbial origin pesticides are composed of naturally occurring viruses, fungi, or bacteria, they are mostly preferred for organic and residue free food production. Further, the factors such as higher advantage of selectivity;
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