Global Bio Pesticides Market Share, Size, Trends, Growth and Forecast
The global biopesticides market stood at $ 2.45 billion in 2016 and it is projected to reach $ 11.3 billion by 2026, exhibiting an aggressive CAGR of more than 16% during the outlook period. The growth in the global biopesticides market is expected on account of various promotional activities carried out by government agencies and groups to replace hazardous and expensive synthetic pesticides with environment-friendly and inexpensive substitutes. In addition to this, increasing food security issues across the globe due to population outbursts are further supporting the demand for biopesticides in developing as well as developed nations. Major agrarian economies such as India, Brazil, etc., are extensively adopting sustainable crop protection products and pesticides in their farming methods, which is anticipated to drive the global biopesticides market over the coming years. Years considered for this report: Historical Years: 2012 - 2015 Base Year: 2016 Estimated Yea...