Biopesticides Market By Crop Type
Added: (Thu Nov 18 2021)
Pressbox (Press Release) -
Bio pesticides market is estimated to reach USD $6.77 billion by 2026 from USD $3.14 billion in 2021 at a CAGR of 16.6%.
Bio Pesticides are of certain types of pesticides derived from such natural materials as animals, plants, bacteria, and certain minerals. Biopesticides are naturally occurring compounds or agents that are obtained from animals, plants, and microorganisms such as bacteria, cyanobacteria, and microalgae and are used to control agricultural pests and pathogens, these factors has increased the growth of BioPesticides in the market, thereby driving the growth of the BioPesticides market in the upcoming years.
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Market Drivers and Restrains:
The main factors that have considerably increased the demand for the BioPesticides in the market is due the increasing day by day because the consumers are raising their concern toward the chemicals used in their food production and also the potential hazards of chemical residue on food, they are supporting chemical free production alternatives, pushing the growers for organic farming these factors has drive the growth of BioPesticides in the market. BioPesticides are of crop types likes Permanent Crops, Greenhouse Crops these are used as Plant Pesticides and Microbial Pesticides. The main factors to have huge growth for BioPesticides in the market due to the ban on chemical pesticides in the major countries and also attributed to the deteriorating soil conditions, extensive farm practices, and growing concern regarding residue levels in food products are many reason to have huge demand for the BioPesticides products in the market.
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Report is segmented as:
BioPesticides Market is segmented on the basis of by crop type, by ingredients, by microorganism type, by application:
*BioPesticides Market is segmented on the basis of by crop type into Permanent Crops, Arable Crops, Forage & Turf Grasses, Greenhouse Crops
*BioPesticides Market is segmented on the basis of By Ingredients into Biochemical Pesticides, Plant Pesticides and Microbial Pesticides
*BioPesticides Market is segmented on the basis of By Microorganism’s Type into Bioherbicides, Biofungicides, Bionematicides and Bioinsecticide
Geographical Segmentation:
BioPesticides Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Bio Pesticides Market because increased interest in green agricultural practices and in US they are more than 60 companies that are developing and selling bio pesticide products these are the many reason to have huge demand for the BioPesticides market in the North America, followed by Europe, Latin America and Middle East & Africa will register a slower increase in the BioPesticides Market
Impact of COVID-19 on Market
Covid -19 pandemic has affected almost every industry, and the long-term effects are projected to impact the BioPesticides growth during the forecast period. Covid-19 pandemic has impacted huge on the sales revenue BioPesticides market .The restrictions and lockdown imposed by the government in several countries has slow down the market and decrease the demand for BioPesticides, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the BioPesticides market growth
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