Biopesticides Market to Surpass US$ 6.8 Bn by 2027

The demand within the global biopesticides market is expected to rise alongside advancements in the agricultural sector. The need for increasing the productivity of cash as well as food crops has generated tremendous revenues within the global biopesticides market.

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Furthermore, the rising volume of investments made towards the development of a robust agricultural sector has also created opportunities for market growth. Plant pathogens are widely used as commercial biopesticides across several regions. This factor, coupled with the easy availability of Pythium, rhizoctonia, and fusarium, has played an integral role in the growth of the global market. The multiple modes of action pertaining to a single biopesticide has garnered the attention of researchers and analysts.

Transparency Market Research (TMR), in a research report, finds that the global biopesticides market would grow at a CAGR of 14.2% over the period between 2019 and 2027. The total value of this market is slated to touch US$ 6.8 Bn by the end of 2027.

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Advancements in Agricultural Research

Several universities and research centers offer courses in agricultural research and development. This factor has created a plethora of possibilities for growth within the global biopesticides market. The non-toxic action of biopesticides, coupled with their natural stint for improving soil fertility, is expected to bring in fresh revenues within the global market.

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The need to control weeds and other futile materials across fields has also generated fresh opportunities within the global biopesticides market. The presence of certain type of fungi that can kill insects helps in improving agricultural productivity. Increased investments in agricultural research have paved way for academic institutes to take agricultural farming as a mainstream subject. Furthermore, the demand for studying plant genetics and origins have also recalibrated the efforts of the agricultural fraternity.

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