Press release
Biopesticides Market to Garner USD 34.5 Bn At A CAGR Of 14.2% by 2031
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.
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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.
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. 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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Advancements in Microbiology to Drive Demand
Microbial pesticides are in great demand across various farming longitudes. The utility of these pesticides in driving soil fertility has become an area of research and analysis. Furthermore, the origin of these biopesticides are microorganisms which in turn helps in maintaining the health of crops. Biopesticides derived from viruses, fungi, and bacteria are a constant subject of analysis within modern agriculture.
Furthermore, advancements in microbiology have also garnered the attention of the masses. Several distinct discoveries within microbiology have formed the basis of agricultural development. Therefore, the total volume of revenues within the global biopesticides market is slated to rise in the years to follow.
The leading vendors in the global biopesticides market are making ardent efforts to attract the attention of agriculturists. These vendors are expected to grow as bulk orders for pesticides become a norm across various regional territories. Some of the leading vendors in the global biopesticides market are FMC Corporation, Syngenta International AG, Novozymes A/S, AGRICHEM, and Gujarat State Fertilizers and Chemicals Ltd.
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The global biopesticides market can be segmented on the basis of:
Region
North America
Latin America
Europe
Asia Pacific
The Middle East
Application
Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetable
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Key Takeaways
Global and regional share of the biopesticides market in terms of volume (kilo tons) and value (US$ Mn), by source, product, and application segments for the period between 2018 and 2027
Detailed analysis of the country-level demand for biopesticides in countries and sub-regions including the U.S., Canada, Germany, the U.K., Italy, Spain, France, Russia & CIS, China, India, Japan, ASEAN, Australia, Brazil, Mexico, Egypt, and South Africa with respect to different source, product, and application segments for the period from 2018 to 2027
Key indicators, drivers, restraints, and opportunities in the global biopesticides market
Price trend forecasts of the global biopesticides market in terms product
Regulatory landscape, value chain analysis including level of integration, list of key brand and raw material suppliers; and Porter's Five Forces analysis of the global biopesticides market
Qualitative analysis on raw materials of biochemical biopesticides and mode of applications of biopesticides
Market attractiveness analysis of the global biopesticides market, by source, product, and application
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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