New York, According to a new market research report published by Global Insight Services “Biopesticides Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Biopesticides are pesticides that are derived from natural sources. Common examples include insecticidal soaps, neem oil, and Bacillus thuringiensis (BT) bacteria. Biopesticides are generally less toxic to humans and other mammals than synthetic pesticides, and they often break down more quickly in the environment.
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Key Trends
The use of biopesticides is on the rise as growers look for more sustainable and environmentally friendly ways to protect their crops. Biopesticides are derived from natural materials and are effective at controlling pests without harming other organisms. They are also often more specific to the target pest, so there is less risk of harming beneficial insects. Some of the key trends in biopesticides technology include the following:
1. Increased use of biopesticides in organic agriculture: As the demand for organic products grows, so does the use of biopesticides in organic agriculture. Biopesticides are allowed in organic production according to the National Organic Standards, and they can be an important tool for growers striving to meet the strict requirements of organic certification.
2. Development of new biopesticides: There is a growing interest in developing new biopesticides that are more effective and specific to target pests. This is important work, as it can help to reduce the use of more harmful chemical pesticides.
3. Improved efficacy through formulation: One way that biopesticides are becoming more effective is through formulation. This involves combining the biopesticide with other ingredients, such as surfactants, to improve its performance.
Key Drivers
The key drivers of the biopesticides market are the ever-increasing demand for food and the need for sustainable agriculture. The world population is projected to reach 9.7 billion by 2050, and with the ever-increasing demand for food, the need for sustainable agriculture has never been more pressing. The use of biopesticides is seen as a key part of sustainable agriculture, as they are derived from natural sources and are therefore less likely to cause environmental damage. Another key driver of the biopesticides market is the increasing regulation of chemical pesticides. In the European Union, for example, the use of chemical pesticides is heavily regulated, and this is driving demand for alternative pest control products such as biopesticides.
Market Segments
The biopesticides market report is bifurcated on the basis of type, formulation, crop type, and region. On the basis of type, it is segmented into microbial, predators, and others. Based on formulation, it is analyzed across dry form and liquid form. By crop type, it is categorized into orchards, grazing & dry land, field crops, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Player
The biopesticides market report includes players such as AgBioChem, Inc., AgBiTech Pty Ltd., Ajay Bio-Tech Ltd.,Amit Biotech Pvt. Ltd., Andermatt Biocontrol AG, Arizona Biological Control, Inc., BASF SE, Bayer AG, kemin industries, and Novozymes A/S
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Reasons to buy Biopesticides Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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