Biopesticides Market to grow by USD 4.46 Bn | Driven by Increase in Pest Activities Due to Global Warming
Prnewswire
2022.01.17
The biopesticides market is expected to grow by USD 4.46 billion between 2020 and 2025, progressing at a CAGR of almost 17% during the forecast period.
The market is driven by the increase in pest activities due to global warming. The rise in carbon dioxide levels in the atmosphere is increasing the simple sugars present in leaves. This is increasing the damage caused by insects that consume leaves. Also, the rise in global temperature is creating suitable conditions for pests to survive even in the winter season. In addition, factors such as increased risks by the migration of pests, reduction in the effectiveness of crop protection technologies, and increasing pesticide resistance are driving the demand for biopesticides that can adapt to changing climatic conditions.
As per Technavio, the demand for organic products will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.
The biopesticides market is expected to grow by USD 4.46 billion between 2020 and 2025, progressing at a CAGR of almost 17% during the forecast period.
The market is driven by the increase in pest activities due to global warming. The rise in carbon dioxide levels in the atmosphere is increasing the simple sugars present in leaves. This is increasing the damage caused by insects that consume leaves. Also, the rise in global temperature is creating suitable conditions for pests to survive even in the winter season. In addition, factors such as increased risks by the migration of pests, reduction in the effectiveness of crop protection technologies, and increasing pesticide resistance are driving the demand for biopesticides that can adapt to changing climatic conditions.
As per Technavio, the demand for organic products will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.
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