The Italy biopesticides market size was USD XX billion in 2022 and is likely to reach USD XX billion by 2031, expanding at a CAGR of 6.5% during 2023–2031. Growth of the market is attributed to rapid development in food industry, increasing demand for high yield crops, increased concern about environment, and increasing environmental regulations.
Bio pesticides are specific types of pesticides obtained from natural materials like certain minerals, bacteria, plants, and animals. Baking soda and canola oil have pesticidal uses and are considered as bio pesticides. Bio pesticides contain naturally obtained substances that control pests (biochemical pesticides), pesticidal substances produced by plants, and microorganisms also control pests (microbial pesticides).
The covid-19 pandemic affected the demand and supply of Italy bio pesticides market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
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Increased interest in green agricultural practices is projected to boost the market.
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Increasing research funding for agriculture sector is the major factor fueling the market.
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Low adaptation rate and high cost of bio pesticides is projected to restrict the market expansion during the forecast period.
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Lack of awareness about bio pesticides among farmers is anticipated to hamper the market growth in the coming years.
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R&D investment and technological advancement in bio pesticides market is projected to offer lucrative opportunities for the market players.
Scope of Italy Biopesticides Market Report
The report on the Italy biopesticides market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Italy Biopesticides Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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2Forecast Period
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2023–2031
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Segmentation
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Products (Bioherbicides, Bio-insecticides, Bio fungicides, and Others), Formulation (Liquid, Dry), Ingredient (Microbial Pesticide, Plant Bio pesticide, Biochemical Pesticide), Applications (Grains & Cereals, Pulses & Oilseeds, Fruits & Vegetables, Commercial Crops, and Turf & Ornamentals)
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Country Scope
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Italy
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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AGRAUXINE SA; Koppert Biological System; Certis Europe; Bayer crop science; BASF Novozymes.
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Italy Biopesticides Market Segment Insights:
The bio herbicides segment accounts for a key share of the market
On the basis of product, the Italy bio pesticides market is segregated into bioherbicides, bio-insecticides, bio fungicides, and others. The bio-herbicides segment accounts for a key share of the market.
Growth of the market is attributed to increasing supply of quality products and high cost of chemical pesticides. The bio-insecticides segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing customer preferences towards organic methods of cultivation and increasing availability of arable land.
The liquid formulation segment accounts for a key share of the market
Based on formulation, the Italy bio pesticides market is bifurcated into liquid and dry. The liquid formulation segment accounts for a key share of the market. Growth of the market is attributed to increasing adaptation of organic farming methods and increasing crop production.
However, the dry formulation segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rapid expansion of organic food industry and increasing demand for bio pesticides.
The biochemical segment accounts for a significant share of the market
Based on ingredient, the Italy bio pesticides market is fragmented into microbial pesticide, plant biopesticide, biochemical pesticide. The biochemical pesticides accounts for a significant share of the market. Growth of the market is attributed to increasing area under organic cultivation.
The plant pesticides segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing consumption of organic food. Italy is now enacting legislation with the goal of reducing agriculture's reliance on pesticides while improving consumer and environmental safety.
The fruits & vegetable segment is anticipated to expand at a rapid pace
On the basis of applications, the Italy biopesticides market is segregated into grains & cereals, pulses & oilseeds, fruits & vegetables, commercial crops, and turf & ornamentals. The fruits & vegetable segment is projected to hold major market share during forecast period.
The metropolitan population has increased steadily over the past few years, resulting in a significant demand for fresh fruits and vegetables. The appearance of fruit often leads to assumptions about its quality. Any insect present reduces the market value of the crop.
Segments
The Italy biopesticides market is segmented on the basis of
Product
- Bioherbicides
- Bio-insecticides
- Bio fungicides
- Others
Formulation
Ingredient
- Microbial Pesticide
- Plant Biopesticide
- Biochemical Pesticide
End-users
- Grains & Cereals
- Pulses & Oilseeds
- Fruits & Vegetables
- Commercial Crops
- Turf & Ornamentals
Country
Key Players
- AGRAUXINE SA
- Koppert Biological System
- Certis Europe
- Bayer crop science
- BASF Novozymes
Competitive Landscape
The major players in the Italy biopesticides market include AGRAUXINE SA, Koppert Biological System, Certis Europe, Bayer crop science, BASF Novozymes.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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