Press release
Biological Pesticide Market Size to Reach US$ 6.5 billion by 2027, Exhibiting a CAGR of 16.1%
Biological Pesticide Market
The global biological pesticides market size is projected to surpass US$ 6.5 billion by 2027, and register a CAGR of 16.1% over the forecast period (2019 - 2027).
Market Dynamics:
The biological pesticide market is driven by the increasing adoption of organic farming practices globally to reduce dependence on chemical pesticides. Organic agricultural land has grown significantly over the past few years owing to rising health concerns regarding residues of chemical pesticides. Furthermore, biological pest control agents are considered more environment-friendly compared to chemical pesticides and help maintain agro-ecosystem balance. This is estimated to fuel demand for biological pesticides during the forecast period.
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Biological Pesticide Market - Key Market Drivers
Growing Demand for Organic Farming and Environmentally Safe Pest Control Products Is Driving the Biological Pesticide Market
There has been a significant rise in organic farming practices globally in the past decade due to increasing health consciousness among consumers and growing environmental concern. Biological pesticides offer a safer and more sustainable solution for pest control in organic farming as they contain naturally occurring substances that control pests and are deemed safer for the environment as compared to chemical pesticides. The shift toward organic and environmentally friendly agricultural practices is a major driver fueling the demand for biological pesticides.
Biological Pesticide Market - Key Market Opportunity
Developing Novel Strains of Microorganisms with Enhanced Biocontrol Properties Presents Lucrative Growth Prospects
Continuous research focused on developing novel and improved microbial strains with enhanced biopesticidal activity against a wide range of targeted pests and in variable climatic conditions can unlock significant opportunities. For example, discovering next-gen microbial strains that are highly effective, can be mass-produced on a commercial scale economically, have a longer shelf life and are more environmental-friendly than existing biological solutions. Innovation in biocontrol agent delivery systems and formulations to improve their efficacy also provides lucrative prospects. Advancements to reduce the cost of production through fermentation and large-scale manufacturing technologies will further encourage the commercial adoption of biological pest control products.
Biological Pesticide Market - Key Market Trend
Rising Adoption of Integrated Pest Management (IPM) Approach Is Emerging as a Key Trend in the Industry
With the growing need to minimize environmental impacts and ensure sustainable agriculture, integrated pest management (IPM) is gaining prominence among farmers as a long-term approach for managing pests. IPM involves deployment of a variety of biological, cultural, physical, and chemical pest control techniques in combination, with biological and microbial pesticides as key components. The trend of adopting IPM techniques allows for lower pesticide usage and ensures crop protection with minimal risks, which is driving greater incorporation of biological agents and innovations in biopesticide formulations. The market players are also promoting IPM strategies to boost the synergistic application of biological and other pest control methods.
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Top Companies Featured in This Report:
β Dow Chemicals
β Du Pont (EI) de Nemours
β Henkel AG
β Bayers AG
β BASF SE among others.
Key Regions/Countries Classified as Follows:
Β» North America (U.S., Canada, Mexico)
Β» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Β» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
Β» South America (Brazil, Argentina, Rest of SA)
Β» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Biological Pesticide Market Competition Landscape by Players
Chapter 4: Assessment of Biological Pesticide Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Biological Pesticide sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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