Product ID: SQMIG15C2032
Global Biopesticides Market Size, Share, Growth Analysis, By Type(Bioinsecticide, Biofungicides), By Source(Microbials, Biochemical), By Application(Soil Treatment, Seed Treatment), By Crop Type(Cereals & Grains, Oilseeds & Pulses), By formulation(dry and liquid) - Industry Forecast 2024-2031
Report ID:
SQMIG15C2032 |
Region:
Global |
Published Date: February, 2024
Pages:
158
|
Tables:
145 |
Figures:
78
Global Biopesticides Market Dynamics
Biopesticides Market Drivers
- Organic farming is increasingly being promoted as a superior alternative to conventional farming in terms of reducing overall environmental impact. With stronger demand dynamics for natural plant protection products, the promising growth trajectory of organic agriculture is expected to benefit the future growth of biopesticides. The government's and other stakeholders' strong emphasis on organic and sustainable farming methods has increased acceptance of bio-based crop protection chemicals.
- The use of synthetic pesticides has resulted in large-scale and widespread environmental damage. As a result, several government organizations have banned or restricted the use of certain chemical active ingredients in order to avoid their negative effects on the environment, human, and animal health. Numerous governments and government bodies are extremely supportive and are providing funds to leverage the use of biopesticides to reduce pesticides' environmental impact. The growing concern about the use of chemical pesticides is expected to boost sales of other sustainable solutions, such as bio-based crop protection chemicals.
Biopesticides Market Restraint
- The product's low adoption rate in developing countries, when compared to chemical agri-inputs, may limit the market growth. The traditional and conventional agri-inputs market is well-structured on a global scale, with key giants prominently present. However, the biopesticides market is characterized by a number of start-ups that are battling for adequate funding, appropriate infrastructure, and market penetration. These small players' R&D activities also fail to sense the demand dynamics of a specific geography, which can further limit the market growth
Global Biopesticides Market Report Snapshots
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