IMARC Group, a leading market research company, has released a report titled “Brazil Biopesticides Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The Brazil biopesticides market is expected to exhibit a growth rate (CAGR) of 8.2% during 2023-2028.
Biopesticides refer to pesticides derived from microorganisms such as bacteria, fungi, viruses and other organic substances. The most common variants of biopesticides include bioherbicides, bio insecticides, and bio fungicides. They are less toxic than their synthetic counterparts and offer enhanced efficiency when applied even in minimal quantities. As a result, biopesticides find extensive applications in seed and soil treatment, foliar spray, and post-harvest procedures.
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Brazil Biopesticides Market Trends and Drivers:
The market is majorly driven by the increasing demand for organically grown produce, owing to the changing dietary preferences of individuals. Besides this, the rising consumer concerns about the negative effects of using chemical pesticides is also augmenting the market growth. Moreover, biopesticides are also extensively used to enhance crop yield and improve soil fertility due to the limited availability of agricultural farms in the region. Furthermore, the prevalence of favorable government policies to promote organic and sustainable farming methods is further escalating the product demand.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- Bioherbicide
- Bioinsecticide
- Biofungicide
- Others
Breakup by Formulation:
- Dry
- Liquid
Breakup by Source:
- Microbials
- Plant Extracts
- Biochemicals
Breakup by Mode of Application:
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Post-Harvest
Breakup by Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Others
Competitive Landscape with Key Player:
- AMVAC Chemical Corporation.
- Andermatt Biocontrol AG
- BASF SE
- Bayer AG
- Corteva Agriscience
- FMC Corporation
- Koppert Biological Systems
- Marrone Bio Innovations.
- Valent Biosciences LLC
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