Market Size of United Kingdom Biopesticides Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.50 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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UK Biopesticides Market Analysis
The United Kingdom biopesticides Market is expected to register a CAGR of 6.5% during the forecast period (2020-2025). The key drivers in the market are growing demand for food safety and quality, governments promoting biocontrol products, increasing consumer demand for organic products thus encouraging organic farming practices. The progress of the organic industry, the rising cost of chemical pesticides, and rising health concern are the major driving factors for the biopesticides market. The major companies discussed in this report are Real IPM UK, Environmental Crop Management Limited., Bayer CropScience, Isagro SpA, Marrone Bio Innovations Inc, Bionema Limited, Valent Biosciences.
In 2019, Bionema Limited a biotech company that is specialized in the development and sales of bio-pesticides raised an investment of USD 197,338 which will be used to develop innovative biopesticides that will significantly reduce the need for chemical pesticides in crop pest control.