Stratview Research has recently published a report on the Biopesticides Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.

Biopesticides Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Biopesticides Market is estimated to grow from USD 5.77 billion in 2022 to USD 13.65 billion by 2028 at an impressive CAGR of 15.43% during the forecast period.

Some of the companies drive the market growth:

• Arysta Lifescience
• Bayer
• Bioworks
• Futureco Bioscience
• Bio Huma Netics Inc.
• Koppert B.V.
• Stoller
• Syngenta
• BASF SE
• Parry America, Inc.
• International Panaacea Ltd
• Valent BioScience.

The Biopesticides Market is segmented by–

·       by Product Type (Bioherbicides, Bioinsecticides, Biofungicides, and Others),

·       by Application Type (Seed Treatment, Foliar Spray, and Soil Spray), 

·       by Crop Type (Grains & Oil Seeds, Fruits & Vegetables, and Others),

·       by Form Type (Dry and Liquid),

·       by Source Type (Microbial, Biochemical, and Others),

·       by Region (North America, Europe, Asia-Pacific, and Rest of the World).

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Segments Analysis

By Product Type

The market is segmented as bioherbicides, bioinsecticides, biofungicides, and others. Biofungicides are expected to witness significant growth during the forecast period.

The growth of the segment is driven by technological advancements, which have led to the development of highly effective biofungicides to reduce the damage caused by disease-causing bacteria among others.

Furthermore, product development with the capability to weather high temperatures will escalate the market share of biopesticides over the forecast period.

By Region

North America dominated the market for biopesticides in 2021 and is expected to dominate the market during the forecast period as well. The growth of the region is supported by a large organic industry along with favourable regulatory support, driving organic farming practices in North America.

Organic fruits & vegetables which amounted to the largest share in 2021, are estimated to continue their dominance over the next five years as well. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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