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COVID- 19 to Impact Demand Growth of Biopesticides Market, Says DecResearch

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Biopesticides market is poised to witness significant gains with the escalating demand for healthy crop generation. The industry has been evolving at a rapid pace, which is quite evident from the growing consumer preferences for organic food and demand for eco-friendly crop protection pesticides. Another prominent driver influencing global biopesticides market growth is the declining availability of arable land. This has encouraged the farming sector to use more eco-friendly pesticides over chemicals, as the carbamate, organophosphorus, and halogenate present in chemical pesticides can lead to land and water contamination. In addition, the enforcement of strong policies against the use of synthetic pesticides has also widened the acceptance of biopesticides and given a positive push to biopesticides industry share. As per a report by Global Market Insights, Inc., global biopesticides market size stood at USD 1.8 billion in 2016 and is projected to surpass a revenue generation of over USD 2.5 billion by 2024.

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The report covers various areas such as Biopesticides market size, segmental analysis, regional growth opportunities, drivers and constraints, major vendors in the market, as well as the competitive landscape.

The main aim of this report is to present various updates and data pertaining to the Biopesticides market and also to list out the growth opportunities prevalent for the market expansion. A detailed market synopsis as well as an in-depth market definitions and overview of the Biopesticides market have been provided in the report.

The abstract section includes the market dynamics – inclusive of the market drivers, restraints, trends, as well as growth opportunities. Details about the pricing analysis as well as value chain analysis are given. The report is also inclusive of the historic figures and estimates pertaining to the growth of this market during the forecast period.

Additionally, the report contains information about the anticipated CAGR of the global Biopesticides market over the forecast period. Technological developments and innovations in Biopesticides will boost the global Biopesticides market share during the forecast period.

The rising population and the resultant rise in food demand has made crop protection a multi-billion-dollar industry.  However, biopesticides market is at a very nascent stage strongly competing with the well-established synthetic pesticides companies. Key industry participants within biopesticides industry include ADAMA Agricultural Solutions, DuPont, Syngenta, Dow Chemical, Koppert, Valent BioSciences Corporation, BASF, Nufarm Limited, Valent BioSciences Corporation, Bioworkers Inc., Bayer Cropscience Limited, and Futureco Bioscience.

This report provides information about the product consumption and market share of the application, as well as the growth rate of each application segment.

The regional segmentation covers:

 

Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

 

North America Region (U.S., Canada, Mexico)

 

South America Region (Argentina, Brazil, Columbia, Rest of South America)

 

Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)

 

The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)

 

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Report Highlights

 

– A detailed pricing analysis on the source of the product, application, and regional segments

 

– An in-depth evaluation of the vendor matrix as well as leading companies that would help understand the competition scenario in the global Biopesticides market

 

– Insights about the regulatory as well as investment scenarios of the global Biopesticides market

 

– An analysis of the factors fuelling the market growth as well as their influence on the projection and dynamics of the global Biopesticides market

 

– A detailed roadmap presenting the growth opportunities in the global Biopesticides market alongside the identification of key factors

 

– An exhaustive evaluation of the numerous trends prevailing in the global Biopesticides market that would help identify market developments

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