Biopesticide Puns

Biopesticides Market foreseen to have a CAGR above 14.7% by 2026

Market overview:

The Biopesticides Market was valued at 4.3 billion USD in 2021 that is estimated to reach a valuation of 8.5 billion USD by 2026 at a CAGR of 14.7% during the conjecture period of 2021 to 2026.

Recent Developments

In the month of March 2020, Marronne bio innovations had an agreement with Anasac company from Chile to develop and also to distribute Grandevo and Venerate bioinsecticide in Chile.

In the month of February 2020, Stockton Bio AG had an agreement with ADAMA agricultural solutions Ltd from Israel for the distribution of biofungicides regev and hybrid in the Ecuadorian market.

Market Drivers and Restrains:

The market for Biopesticides is expected to grow at a significant rate as there is increasing awareness regarding pesticide residue levels in food, increasing demand for organic food, adoption of IPM practices across the world. Also, expansions and key collaborations and strategies adopted by market players helps the market to grow further.

To know more read:

https://www.marketdataforecast.com/market-reports/biopesticides-market

Report is segmented as:

The global Biopesticides market is segmented on the basis of type, source, mode of application, crop type and formulation.

By type, the market of Biopesticides is segmented into bionematicides, bioinsecticide, biofungicides, bioherbicides and other types.

By source, the market of Biopesticides is segmented into microbials, biochemical, beneficial insects. By mode of application, the Biopesticides market is segmented into foliar spray, soil treatment, seed treatment and other modes of operation.

By crop type, the Biopesticides market is divided into fruits & vegetables, cereals & grains, oilseeds & pulses and others.

By formulation, the market of Biopesticides is segmented into two types dry and liquid.

Geographical Segmentation:

North America is expected to have a significant growth of market owing to the increasing demand for bio-based products in the nations like the United States. North America region is also supposed to hold the dominance of the market during the foreseen period. Asia Pacific region holds the second largest share of the market owing to the increase in acquisitions as well as investments for the new technological advancements in the locale.

**Impact of COVID-1