Biopesticides Market to Increase at 16.3% CAGR through 2022, Expects Meticulous Research in Its Insightful Report Available at MarketPublishers.com24 Aug 2017 • by Natalie Aster
LONDON – Expanding at a remarkable 16.3% CAGR in the next 5 years, the world’s biopesticides market is poised to exceed USD 7.62 billion by 2022. The major market growth driving forces include rising investments from top crop protection companies engaged in the biopesticides industry, enhancing awareness of environmental safety, uptake of organic farming coupled with strong demand for organic food, and also favourable government initiatives aimed at biopesticides promotion. Still, some factors present certain challenge for the further growth in the biopesticides market, for instance, inconsistent performance of biopesticides and low shelf life.
Basing on product types, the bioinsecticides sector commanded the biggest share of the total biopesticides market as of 2016. Meanwhile, the bioherbicides sector is projected to exhibit the highest growth pace.
The North American region grabs the largest chunk of the world’s biopesticides market; this regional market is driven by elevating demand for organic food, increasing concerns about harmful chemicals influence on environment and most streamlined registration process. Meanwhile, the APAC biopesticides market is set to increase at the fastest pace over 2017-2022 owing to high prevalence of crop diseases, hike in organic food production and favourable initiatives of the local government.
Insightful research report “Biopesticides Market-Global Opportunity Analysis And Industry Forecasts To 2022” prepared by Meticulous Market Research Pvt. Ltd. offers an in-depth analysis of the market landscape, trends and dynamics. It highlights the situation across the main market sectors and investigates the current scenario across the key regional markets. Besides, this report contains vital data on the main market growth influencing forces, top opportunities, major challenges, regulative framework and competitive environment. Moreover, the study includes comprehensive profiles of the prominent market players. Future forecasts through 2022 are also available.
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