Global Biopesticides Market to Grow at 16.3% CAGR to 2022, Expects Meticulous Research in Its Insightful Report Uploaded at MarketPublishers.com15 Aug 2017 • by Natalie Aster
LONDON – Encouraged by such growth driving factors as rising investments in biopesticides production from top crop protection companies, surging awareness about environmental safety associated with the adoption of biopesticides, uptake in organic farming and boosting demand for organic food, increasing government initiatives focused on biopesticides promotion, the world’s biopesticides market is anticipated to exceed USD 7.6 billion by 2022, demonstrating significant growth at a CAGR of 16.3% during 2017-2022.
Yet, this marketplace is likely to face some challenges like poor awareness about biopesticides, low adoption, short shelf life and unstable performance of biopesticides, among others.
In terms of product types, the total market was led by bioinsecticides as of 2016. The bioherbicides sector is set to gain traction and grow at the highest rates through 2022.
In 2016, North America was the leading regional market for biopesticides. Robust growth in this regional market is attributed to escalating demand for organic food, rising concerns about the effect of harmful chemicals on environment, easy registration process in the region. Meantime, the APAC market for biopesticides is anticipated to increase at the highest CAGR through 2022 owing to surging demand for organic food, rising incidence of crop diseases, favourable government initiatives to spur the adoption of biopesticides in the region.
The topical report by Meticulous Market Research, “Biopesticides Market-Global Opportunity Analysis And Industry Forecasts To 2022”, provides a reader with a profound analysis of the global biopesticides market, focusing on the current situation in the main regional markets and highlighting the market dynamics. The report examines the market growth drivers, restraints and challenges; identifies the top market trends and highlights the current and future possible opportunities. Additionally, the market competitive environment is discussed in detail in this report. Also, the publication covers the market structure, segmentation (by types, modes of application, formulations, origin, crop types, regions) and touches upon regulative framework. Besides, this report comprises 22 granular profiles of the leading biopesticides market players and offers future forecasts for the market up to 2022.
All research reports drawn up by Meticulous Market Research are available at the company’s page at MarketPublishers.com.