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The global biopesticides market size is projected to grow at a CAGR of 14.7% from an estimated value of USD 4.3 billion in 2020 to reach USD 8.5 billion by 2025.
The biopesticides industry is growing at a rapid rate, because of the factors such as awareness among consumers about organically grown crops, favorable government laws and policies for biological products, the resistance of pests for chemical pesticides, and also increasing sustainable solutions in farming.
These drivers have led to intensive R to develop various biopesticides with different microbials or biochemicals so that the farmers can adopt an effective alternative to synthetic pesticides.
The demand is witnessed in different parts of the world, particularly in Europe and North America, with the fastest-growing market being Europe.The organic food industry is rising due to an increase in health awareness among consumers.
Farmers have adopted biological solutions in integrated pest management programs, which has provided a balanced approach toward reducing pest resistance.
Various governments across the world have made the registration easier for the biopesticides market, driving it further.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=267Bionematicides is projected to be the fastest-growing segment among the type used in biopesticides.
