Market Size of Asia-Pacific Biopesticides Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.30 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Biopesticides Market Analysis
The Asia-Pacific biopesticides market is expected to register a CAGR of 7.3% during the forecast period. The regional market growth depends on the need for land productivity of agricultural fields, while keeping soil health intact. The requirement for high crop productivity and production with high quality, evolving agricultural practices, and precision farming has been driving the market growth for biopesticides in Asia-Pacific. The region is promoting the usage of microbial pesticides, as opposed to chemical fertilizer and pesticides, in order to balance the agricultural sector growth required to sustain its large-scale production.