According to a market report by Lucintel, the future of the global biopesticides market looks promising with opportunities in the seed treatment, soil treatment, and foliar spray markets. The global biopesticides market is expected to reach an estimated $13.4 billion by 2030 with a CAGR of 10.2% from 2024 to 2030. The major drivers for this market are high expenses related to the creation of new synthetic crop protection products, government awareness campaigns and restrictions on chemical pesticides, and the growing popularity of organic food.
In this market,
bioinsecticides, biofungicides, bionematicides, and bioherbicides are the major
segments of biopesticides market by type.
Lucintel forecast that
bioinsecticides is expected to witness largest segment over the forecast period
because it is being employed more frequently as a result of increased insect
resistance and a resurgence in agricultural output, along with the numerous
insect pests are known to negatively impact crop growth and to cause losses in
agriculture by damaging crops after harvest or while they are being stored.
Within this market,
foliar spray will remain the largest segment because the foliar spray is widely
used by farmers since it helps control pests in the plant's afflicted areas, as
well as, it is said to be more effective as it is easy and safe to use.
North America will
remain the largest region over the forecast period due to customers' growing
desire for organic food and their growing knowledge of food residue levels, and
farmers' adoption of biological crop protection inputs is being urged by the
need to achieve international export standards.
BASF, Bayer, Syngenta,
Upl, Pro Farm, Novozymes, Isagro, Nufarm, Certis, and Koppert are the major
suppliers in the biopesticides market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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