Posted 12/4/2023, 3:35:00 AM
Biopesticides Market Set for Major Growth of $5.7 Billion through 2027 Driven by Organic Demand and Advances in Molecular Tech
- Global biopesticides market estimated to grow by $5.7 billion from 2022-2027 at a CAGR of 16.27%
- Advances in biopesticide development through molecular-based technologies is a major trend
- Bioherbicides segment to account for significant market share growth
- North America to contribute 30% of market growth due to simple registration processes and rising awareness
- Growing consumer demand for organic products is a key factor driving market growth