Biopesticides Market Will Hit Big Revenues in Coming Years

The global biopesticides market size is projected to grow at a CAGR of 14.7% from an estimated value of USD 4.3 billion in 2020 to reach USD 8.5 billion by 2025.

The market is driven by factors such as an increase in area under organically grown crops, growth in concerns regarding the hazards of using pesticides, demand for residue-free high-value crops, gradual phase-out of key active ingredients, and government policies are favoring the implementation of biopesticides.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=267

Fruits & vegetables are estimated to form the largest segment among crop types in the biopesticides market

Fruits & vegetables are projected to form the fastest-growing crop segment in the biopesticides market. An increase in area under protected cultivation such as greenhouses and demand for residue-free food crops are also driving the market for biopesticides. With the increasing area under fruit & vegetable cultivation, the inefficiency of conventional crop products, and heavy infestation and resurgence of insect pests and diseases in these crops is witnessed, which reduces the quality and overall appearance & taste of the produce. With recent desert locust attacks on key crops across regions, biopesticide can provide a sustainable solution for the control of such invasive pests. Therefore, farmers have also been adopting biopesticides in combination with conventional crop protection chemicals to obtain a longer duration of pest control.

Foliar spray is estimated to be the fastest-growing market in the biopesticides market

Foliar spray is projected to be the largest-growing segment during the forecast period from 2020 to 2025. Foliar spray is widely used due to its easiness and safety in application. It can be applied to the infected area and obtain curative results without further damaging the crop growth. The handling of biopesticides in foliar spray has been easy for farmers, without any risk of chemical burn. These are some of the key reasons, which are driving the market for a foliar spray of biopesticides across the regions.

The market potential in the European region is witnessed to increase in the forecast period

The increase in agriculture cultivation has led to the use of quality inputs to obtain better crop performance. The need to maintain minimum residual levels in food products, an increase in pest resistance for chemicals, and high growth prospects for organic food have been driving the biopesticides market in this region. Stringent regulations imposed by governments to limit excessive chemical application are also driving the market. Even governments have aided support through banning pesticides so that the adoption of biological solutions grows exponentially. The demand for export quality fruits and vegetables in this region has compelled the farmers to take up sustainable solutions in farming. Various key companies are investing in these regions to expand the biopesticides business strategically.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=267

Leading companies include BASF SE (Germany), Bayer AG (Germany), Biobest Group NV (Belgium), Certis USA L.L.C (US), Novozymes A/S (Denmark), Marrone Bio innovations (US), Syngenta AG (Switzerland), Nufarm (Australia), Som Phytopharma India Ltd (India), Valent Biosciences LLC (US), BioWorks, Inc. (US), STK Bio-ag (Israel), Andermatt Biocontrol AG (Switzerland), International Panaacea Ltd (India), Bionema (US), Vegalab S.A (US), Isagro S.p.A (Italy), FMC Corporation (US), Koppert Biological Systems (Netherlands), and UPL Ltd (India).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.