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The biopesticides market size is forecast to increase by USD 8.94 billion at a CAGR of 20.65% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. The rising incidence of pest activities, fueled by global warming, necessitates the use of effective and eco-friendly pest control services. Advanced research and development in the field of biopesticides, utilizing microbial products derived from fungi, viruses, protozoa, and natural enemies, offer specific action against pests at various life stages and behaviors. However, the market faces challenges such as the lack of profitability and risks involved in producing these natural solutions. Additionally, the development of resistance in pests and the potential environmental impact of some biopesticides are concerns that need to be addressed. Governments worldwide are promoting the use of biopesticides to maintain ecological balance and reduce the reliance on synthetic pesticides and move to organic pesticides. Overall, the market holds immense potential for growth and innovation, with beneficial insects and other natural enemies emerging as key players in pest management strategies.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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