United Kingdom Biopesticides Market Size To Grow At A CAGR Of 13.8% In The Forecast Period Of 2024-2032.
30 NORTH GOULD STREET, SHERIDAN, WYOMING, UNITED STATES, November 2, 2023 /EINPresswire.com/ — United Kingdom Biopesticides Market Outlook
According to a new report by Expert Market Research titled, “United Kingdom Biopesticides Market Trends, Size, Share, Analysis, Report and Forecast 2024-2032″, UK biopesticides market reached a value of USD 239.65 million in 2023. Aided by the mounting demand for sustainable agricultural practices and the extensive applications of biopesticides in various cropping systems, the market is projected to further grow at a CAGR of 13.8% between 2024 and 2032 to reach a value of USD 767.75 million by 2032.
Biopesticides, derived from naturally occurring substances like plants, microorganisms, and minerals, are becoming pivotal in the realm of pest management and crop protection in the UK. They offer an environment-friendly alternative to conventional chemical pesticides, ensuring the health of soil, water sources, and biodiversity. Notably, they play a key role in integrated pest management systems, offering solutions that are effective yet less toxic to the environment and non-target organisms.
One of the driving forces behind the ascendancy of the United Kingdom biopesticides market growth is the rising consumer demand for organic produce. As awareness around the adverse effects of synthetic chemical residues on health and the environment grows, there’s a marked tilt towards foods produced without the use of conventional pesticides. This shift has necessitated the farming sector to adopt safer and more sustainable pest management solutions, propelling the demand for biopesticides.
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Additionally, the UK government, in tandem with the broader EU vision, has been proactive in implementing stringent regulations on chemical pesticide use, further paving the way for biopesticides. Research, innovation, and the introduction of novel biopesticide products by various companies in the region have also significantly contributed to the United Kingdom biopesticides market share.
The potential applications of biopesticides are vast. They are not merely restricted to insect control but have shown efficacy against a range of pests, including fungi, weeds, and even nematodes. Moreover, innovations in the realm of microbial biopesticides, like bacterial and fungal agents, have opened new vistas in sustainable pest management, propelling the United Kingdom biopesticides market demand.
Yet, the utility of biopesticides extends beyond mere agriculture. They are finding increasing applications in urban pest management, particularly in maintaining public spaces, gardens, and greenhouses. The appeal lies in their safety profile, ensuring minimal harm to urban ecosystems and human health. Furthermore, initiatives taken by governmental and non-governmental organisations to educate farmers, combined with financial incentives and the evolving R&D landscape positively influence the United Kingdom biopesticides market growth.
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United Kingdom Biopesticides Market Segmentation
The market can be divided based on product, source, formulation, crop type, and mode of application.
Market Breakup by Product
Bioherbicide
Bioinsecticide
Biofungicide
Others
Market Breakup by Source
Microbial
Beneficial Insects
Biochemical
Market Breakup by Formulation
Liquid Formulation
Dry Formulation
Market Breakup by Crop Type
Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Others
Market Breakup by Application
Foliar Spray
Seed Treatment
Soil Treatment
Post-harvest
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United Kingdom biopesticides market. Some of the major players explored in the report by Expert Market Research are as follows:
BASF SE
Bayer AG
Corteva Agriscience
Nufarm Ltd
Bionema Limited
FMC Corporation
Novozymes A/S
Certis Europe BV
Syngenta Crop Protection AG
Others
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