Market Size of Biopesticides Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spanish Biopesticide Market Analysis
The spain biopesticide market is projected to register a CAGR of 3.9% during the forecast period 2020-2025. 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. Easy registration procedure and low R&D cost are likely to be the major drivers of the market studied. However, high product costs of biopesticides and their lower shelf life compared to other chemical pesticides, are the likely restraining factors of the market studied. The progress of the organic industry, the rising cost of chemical pesticides, growing issues in the development of insect resistance toward these chemicals, and the increase in awareness about occupational hazards caused by chemical pesticides are the major driving factors for the biopesticides market.
