Market Size of Australia Biopesticides Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 7.30 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Australia Biopesticides Market Analysis
The Australian Biopesticide Market is estimated to grow at a CAGR of 7.3% during the forecast period 2016-2020. While the prevalence of chemical or synthetic pesticides in crop protection is continuing, human, animal and environmental health concerns are playing key roles in driving the growth of biopesticides. Several countries are adopting a stringent approach concerning the number of imports, with a special focus on regulating the number of pesticide residues. Emerging economies in Asia-Pacific are likely to take the lead in the adoption of biopesticides.