Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The "Biopesticides Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
Understanding the dynamics of the biopesticides industry and its impact on global agriculture has just taken a significant leap forward with the release of a comprehensive market report. Encompassing the current scenario and future prospects of the biopesticides market, this research publication crafts a detailed analysis of the industry's influence on eco-friendly farming methods and outlines the sector's critical role in the sustainable production of quality food.
The latest market analysis presents insightful data showcasing the biopesticides market's expansion, which is foreseen to surge from $6.2 billion in 2023 to an ambitious $7.4 billion by 2024 with an exceptional CAGR of 19.3%. Factors influencing the historical growth include increased environmental concerns, stringent government regulations, technological advancements, and rising consumer interest in organic farming.
Fostering the market's upward trajectory, the forecast period hints at an anticipated growth up to $14.46 billion by 2028, propelled by an 18.2% CAGR. This growth is a response to the burgeoning agricultural sector, an expanding global population, and increased demand for high-quality, hygienic food production. Noteworthy trends project an upswing in precision agriculture and the adoption of digital technologies, reshaping the future of biopesticides.
This expansive growth is underscored by the strengthening demand for organic food, especially highlighted during the ongoing global health crisis. Biopesticides champion the cause for sustainable crop protection, aligning consumer and environmental health priorities with agricultural productivity, which has led to significant advances in this market segment.
Technological Innovation: A Cornerstone of the Biopesticides Industry
- An in-depth exploration of the report unfolds the pivotal role of technological advancements in shaping the biopesticides market, highlighting novel bacterial strains and innovative application methods that resonate with the environmental conservation trends.
- Key players in the market are forging pathways with new technologies like Atlox BS-50, a pioneering powder delivery system contributing to the ease of biopesticide application and optimal viability of microbes.
Strategic Acquisitions Driving Market Diversity
The biopesticides industry is also witnessing strategic movements with acquisitions such as UPL Group’s annexation of OptiCHOS, which emphasizes the sector’s commitment to biodegradable and low-risk pest control solutions.
Geographic and Sectoral Highlights of the Biopesticides Market
- The comprehensive report identifies North America as the dominant force in the biopesticides market, with Asia-Pacific projected to experience the most rapid expansion in the coming years.
- The document also delineates country-specific insights into biopesticides market trends, indicating where strategic investments and partnerships can bear the most fruit.
As the industry for bio-based solutions in agriculture continues to soar, this detailed market report emerges as a critical resource encompassing sales, revenue, and growth statistics for stakeholders and industry influencers. It details the multifaceted implications for global markets, covering a spectrum of biopesticide types and application methodologies aligned with eco-centric agricultural practices.
The publication resonates with a profound understanding that the important balance between agricultural productivity and environmental stewardship can be facilitated through empowered decision-making, driven by quality market intelligence.
A selection of companies mentioned in this report includes
- BASF SE
- Syngenta AG
- Bayer AG
- Marrone Bio Innovations Inc.
- Novozymes A/S
- Koppert B.V.
- FMC Corporation
- International Panaacea Limited
- Som Phytopharma India Limited
- BioWorks Inc.
- Valent Biosciences LLC
- Andermatt Biocontrol AG
- Isagro S.p.A.
- Certis USA LLC
- DowDuPont Inc.
- The Stockton Group Ltd.
- InVivo Group
- Vegalab S.A.
- Biobest Group NV
- STK Bio-ag technologies Ltd.
- Bionema Limited
- Corteva Inc.
- Sumitomo Chemical Co. Ltd.
- Omnia Holdings Limited
- Amit Biotech Private Limited
- Agbiochem Inc.
- AgBiTech Pty Ltd.
- Arbico Organics
- Arysta LifeScience Limited
- Stoller Enterprises Inc.
- Terramera PlantHealth
- Aphea.Bio NV
- Pluton Biosciences Inc.
- Phoreus Biotech Inc.
- Provivi Inc.
- Vestaron Corporation
- Agragene Inc.
- Phytelligence Inc.
- Symbiota Inc.
For more information about this report visit https://www.researchandmarkets.com/r/nxhbgf
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