In a recent published report, Kenneth Research has updated the market report for Biopesticides Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Biopesticides Market products.
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Biopesticides are developed using pathogenic micro-organisms. Biopesticides are developed to be used on specific pest, with effective and eco-friendly pest control solutions. Mostly biopesticides are living organisms which are preferred over conventional synthetic pesticides for having least side-effects in environment and specific mode of action. The demand of food is drastically increasing due to growing population. Therefore synthetic conventional pesticides are used in farming to meet the targeted demand of food.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Since the over usage of chemical pesticides shows the adverse effect on food as they show harmful impact on residues. Also, synthetic pesticides raise many environmental concerns. It degrades soil quality to a large extent also it pollutes ground- water which results in unproductive farms. Therefore farmers seek eco-friendly alternatives for organic farming. Bio-pesticides are best in even used for small quantities. The key drivers of bio-pesticides market are high awareness and adoption rate, also the low quantity usage in farm encourage farmers to use bio-pesticides on large scale, which increase the adoptability rate of bio-pesticides into the market.
High investment and joint ventures among key players create new opportunity for biopesticides market across the globe. Due to high investment promotion of new product and launches of new product is easy in the market. Bio-pesticides also create high growth of alternative market of agro-chemical industry.
The major restraints in the market is low shelf life of product this hampers market growth. Also, due to selective functions of bio-pesticides, the market growth is slow. Among all regions, APAC has higher stability in future for this market. In APAC, countries like India China and Japan has higher market growth prospective. Flexible government policies in developing countries create high opportunities into the market. The key players in this market are BASF SE, Bayer Cropscience AG, Bioworks, Inc., Certis LLC, Dupont, Isagro Spa, Koppert Biological systems, Marrone BioInnovations, Monsanto, Novozyme biological.
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Companies profiled include
1. BASF SE
2. Bayer Cropscience AG
3. Bioworks, Inc.
4. Certis LLC
6. Isagro Spa
7. Koppert Biological systems
8. Marrone BioInnovations
10. Novozyme biologicals
11. Valent Biosciences Corporation
12. Pest Control India
13. International Panaacea Ltd.
14. T Stanes
15. Biotech International
16. PJ Margo
17. Exosect Ltd.
18. Gowan Company
20. Growth Products Ltd.
21. Hebei Veyong Biochemical Company Ltd.
22. Hercon Environmental
23. Mycogen Seeds
24. Natural Forces Llc
25. Natural Industries Inc
26. Verdera Oy
27. Westbridge Agricultural Products
28. Prophyta Biologischer Pflanzenschutz Gmbh
29. Rincon-Vitova Insectaries
30. Russell IPM
This Research Report covers
1. Historical data
2.Revenue forecasts, growth rates and CAGR up to 2028
5. Key geographic growth data
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Key Answers Captured in Report?
- Which geography would have better demand for products/services?
- What are the strategies adopted by big players in the regional market?
- Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
- What is the current & expected market size in the next five years?
- What is the market feasibility for long term investment?
- What opportunity the country would offer for existing and new players in the market?
- What is the risk involved for suppliers in the geography?
- What factors would drive the demand for the product/service in the near future?
- What is the impact analysis of various factors in market growth?
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