Middle East and Africa Biopesticides Market – Industry Trends and forecast period of 2021 to 2028.
The biopesticides market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 16.3% in the forecast period of 2021 to 2028 and is expected to reach USD 3,323.25 million by 2028.
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Increasing demand for sustainable agriculture among end users is expected to drive the market's growth rate
The rise in demand for sustainable agriculture among both farmers and consumers due to the growing concerns associated with the ill effects of chemical pesticides and synthetic chemical pesticides on the environment drives the market. The use of chemical pesticides has proven to be harmful for the environment as they cause contamination in the soil further affecting the food chain. The rise in the consumption of organic food products among the population due to their health benefits is one of the major factors driving the growth of the biopesticides market.
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Segment Analysis:
The biopesticides market is segmented on the basis of type, source, form, application, category and crops.
On the basis of product type, the biopesticides market is classified into bioinsecticides, biofungisides, bionematicides, bioherbicides and others. In 2021, bioinsecticides are expected to dominate the biopesticides market with 50.05% market share due to the increase in demand for natural and environmentally friendly pesticides and a wide range of pathogenic action.
On the basis of source, the biopesticides market is segmented into microbials, biochemical and insects. In 2021, microbials segment is expected to dominate the biopesticides market with 64.19% market share due to the rise in demand for biologically based pesticides along with rise in concerns regarding environment and human health.
On the basis of form, the biopesticides market is segmented into dry and liquid. In 2021, the liquid segment is expected to dominate the biopesticides market with 64.19% market share due to its benefits such as protecting crops from a wide range of plant pathogens
Major Players : Data Bridge Market Research recognizes the following companies as the major biopesticides market players in biopesticides market Syngenta Crop Protection AG (Switzerland), Bionema (UK), Vegalab SA (Switzerland), STK bio-ag technologies (Mexico), Andermatt Biocontrol AG (Switzerland), Koppert Biological Systems (Netherlands), Corteva (US), Bayer AG (Germany), Biobest Group NV (Belgium), Certis USA L.L.C. (US), Valent BioSciences LLC (US), Novozymes (Denmark), BASF SE (Germany), IPL Biologicals Limited (India), Terramera Inc. (Canada), Khandelwal Bio Fertilizer (India), Isagro (Italy), Gowan Company (US), and Parry America, Inc. (US), among others.
Regional Analysis : Geographically, the countries covered in the biopesticides market report are U.S., Canada, Mexico in North America, Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Luxemburg, Italy and rest of Europe in Europe, China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines and rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina and rest of South America in South America, South Africa, Saudi Arabia, Egypt, UAE, Israel and rest of Middle East and Africa (MEA) in Middle East and Africa (MEA).
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North America is the dominant region in advanced wound care market during the forecast period
North America dominated the biopesticides market owing to the high awareness regarding the harmful impact of synthetic and chemical pesticides on environment and human health. North America will continue to dominate the biopesticides market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increase in shift towards organic and natural substance in farm cultivation.
COVID-19 Impact Analysis:
COVID-19 had a negative impact on various industries including biopesticides market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. The biopesticides market is adversely affected by due to the low availability of raw materials. The crisis caused disruption in the supply of key active ingredients that are utilized in the production of biopesticides China and other major manufacturing companies in North America and Europe. The scarcity of chemical products in the market encouraged farmers to incline towards alternative solutions for controlling pests.
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Middle East and Africa Biopesticides Market
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Middle East and Africa Biopesticides Market
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