Biopesticides Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis
The biopesticides market was estimated at USD 5.77 billion in 2022 and is likely to grow at a CAGR of 15.32% during 2023-2028 to reach USD 13.65 billion in 2028.
Market Drivers
The surge in demand for natural-based manure among farmers along with increasing industry competitiveness is driving the growth of the market. Furthermore, the rapid expansion of the organic food & beverage industry accompanied by growing consumer awareness regarding food safety & hygiene is fueling the biopesticides market growth.