Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||236774|
|Published||Content info||181 Pages
Delivery time: 1-2 business days
|Published: July 1, 2020||Content info: 181 Pages||
Global Biopesticides Market to Reach $7.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Biopesticides estimated at US$3.3 Billion in the year 2020, is projected to reach a revised size of US$7.4 Billion by 2027, growing at aCAGR of 12.4% over the period 2020-2027. Microbials, one of the segments analyzed in the report, is projected to record 12.7% CAGR and reach US$5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bio-Rationals segment is readjusted to a revised 11.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $961.9 Million, While China is Forecast to Grow at 11.9% CAGR
The Biopesticides market in the U.S. is estimated at US$961.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 11.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.9% and 10.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.We bring years of research experience to this 15th edition of our report. The 181-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,