Product ID: SQMIG15C2032
Report ID:
SQMIG15C2032 |
Region:
Global |
Published Date: February, 2024
Pages:
158
|
Tables:
145 |
Figures:
78
North America is currently the largest biopesticides market, and it is expected to account for a large segment of the market during the forecast period as well. The regional market is being driven by stringent rules and regulations regarding the use of synthetic crop protection chemicals to protect the environment from adverse effects. The product's sales in the regional market are being driven by the rigorous search for greener crop inputs. Moreover, the strong emphasis on using microbe-based pesticides to improve yield and pest resistance is expected to positively impact market growth and product demand. The Asian agriculture sector has a high demand for biopesticides. The population growth that is bound to put a strain on food security is expected to be more pronounced in Asia Pacific. As a result, the products are marketed as cost-effective, safe, and effective crop inputs to help boost yields from limited cultivable land. Row crops such as wheat, soy, and rice are making greater use of these pesticides to increase crop yield in an environmentally friendly manner.
Europe is the world's second-largest consumer of these products, with a slow but steady increase in use. A large number of consumers and strict regulatory restrictions on the use of synthetic pesticides are two major factors driving market growth in the region. France is one of the most rapidly growing users in Europe. The government implemented an efficient regulatory framework and drug approval system, resulting in the biopesticides market's rapid development. Within six months, the French Agency for Food, Environmental, and Occupational Health and Safety (ANSES) completes its review of biological control products such as biopesticides.
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REQUEST FREE CUSTOMIZATIONBiopesticides Market size was valued at USD 5.61 billion in 2019 and is poised to grow from USD 6.51 billion in 2023 to USD 18.15 billion by 2031, growing at a CAGR of 15.77% in the forecast period (2024-2031).
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Product ID: SQMIG15C2032