Biopesticides Market is Expected to reach US$ 6.8 Bn by 2027
In terms of value, the global biopesticides market is projected to expand at a CAGR of 14.2% from 2019 to 2027, according to a new research report titled ‘Biopesticides Market – Global Industry Analysis, Value, Share, Growth, Trends, and Forecast, 2019–2027’ published by Transparency Market Research (TMR) In terms of value, the global biopesticides market is expected to reach US$ 6.8 Bn by 2027. The market is driven by the rise in demand for bio-based products across the globe. North America held significant share of the global biopesticides market in 2018. However, the biopesticides market in Asia Pacific is estimated to expand at a rapid CAGR of 14.8% during the forecast period, owing to the increase in demand for efficient agrochemicals the region. Based on source, the microbial pesticides segment accounted for key share of the global biopesticides market in 2018. Bioherbicides is a prominent product segment of the global biopesticides market. Rise in Demand for M...