The latin america biopesticides market size was valued at USD 433.5 million in 2021 and is expected to reach USD 905.5 billion by 2028, at a CAGR of 12.5% during the forecast period 2022 to 2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Latin America Biopesticides Market: By Product Type (Fungicides, Nematicides, Insecticides, and Herbicides), By Crop Type (Fruits & Vegetables, Grains & Oilseeds, and Others), By Origin (Botanical, Microbial, and Plant Incorporated Protectants), By Formulation (Liquid and Dry), and Country (Brazil, Mexico, Argentina, Chile, Ecuador, and Rest of Latin America) – Global/Region/Country Forecast to 2028”
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Growing adoption of Biopesticides is fuelling the Latin America Biopesticides Market
Latin America Biopesticides Market is anticipated to experience significant growth because of the factors such as growing consciousness amid farmers about application of biopesticides, acceptance of biopesticides, less expenditure on R&D for the development of product and easy registration of biopesticides. Development and launching of unique biopesticides by the key players allows surge in the biopesticides market demand over the evaluation time span. For example, Neudorff introduced the new NemaSprayer in the year 2018, which has been particularly designed and pre-calibrated for easy spraying of the novel range without the requirement for a watering can. Apart from these dynamics, launching of novel products in different economies allows the biopesticides market growth over the assessment period. In addition, government initiatives for supporting agricultural segment are the main reason to speed up the market revenue growth over the evaluation time span.
Brazil witnesses major revenue share in Latin America Biopesticides Market
Brazil witnesses for major revenue share in Latin America biopesticides market witnessing moderate CAGR rate because of the adoption of biopesticides in the country. Argentina market anticipated to grow at high growth rate over the forthcoming years because of the numerous product launch expansion of companies’ product portfolio. Mexico biopesticides market anticipated to witness huge growth due to the growing consciousness regarding the biopesticides and their use on crop also evaluated the market growth over the forecast period.
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Competitive Analysis - Latin America Biopesticides Market
There are a few major players working in the Latin America biopesticides market such as
Size and forecast to 2028
Future Prospects and Forecast To 2028
Trends And Segments Forecast To 2028
Opportunities, Business Forecast To 2028
Research Insights 2022-28
Leading Player 2022-28
s to retain their presence in macro-biological crop protection and became the biggest biocontrol industry in Latin America. In addition, key players in the Latin America biopesticides market coming up with the release of novel products to acquire major share in the market. For example, Koppert B.V. has introduced a new biostimulant, Panoramix (Mycorrhiza, Bacillus, and Trichoderma species), which results into increasing yield, promoting growth and enhancing resistance. Key players in the market hugely focus on following strategies to leverage their position in the market, increase the product portfolio and expand the business.
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