The Latin American bioinsecticides market size is expected to reach USD 1.16 Billion in 2024 and reach USD 2.78 billion by 2029, growing at a CAGR of 19.2 % from 2024 to 2029
Bioinsecticides are a type of biological pesticide used to kill insects that feed on crops. Bioinsecticides have shorter shelf lives so they don’t persist long in the environment. They are very effective in small quantities; they are very specific and have a specific mode of action, and the timing of their application is very critical. These Bioinsecticides are mostly used as alternatives to the current chemical insecticides, which pollute the environment and affect the life of human beings.
Rise in crop loss due to insects and diseases, changing farming practices, and the development of pest resistance to various chemicals are strengthening the growth market. However, some of the factors like the Stringent Regulations on pesticide use are hindering the growth of the market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2024 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
19.2 %. |
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Segments Covered |
By Type, By Crop Type, By Formulation, By Mode of Application, By Mechanism |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
Brazil, Mexico, Argentina, Chile and Rest of Latin America |
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Market Leaders Profiled |
Valent Biosciences Corporation, Syngenta AG, Bayer Crop Science AG, E. I. du Pont de Nemours and Company, Novozymes A/S, and Koppert B.V. |
Valent Biosciences Corporation, Syngenta AG, Bayer Crop Science AG, E. I. du Pont, De Nemours and Company, Novozymes A/S, and Koppert B.V. These are market players that are dominating the Latin America bioinsecticides market.
Frequently Asked Questions
As per the Market Data Forecast report analysis, the Latin America bioinsecticides market size is expected to reach USD 1.16 Billion in 2024 and reach USD 2.78 billion by 2029
The rise in crop loss due to insects and diseases, changing farming practices, and the development of pest resistance to various chemicals are strengthening the growth market.
Valent Biosciences Corporation, Syngenta AG, Bayer Crop Science AG, E. I. du Pont, De Nemours and Company, Novozymes A/S, Koppert B.V.
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