Biopesticides are the certain substances which are made up of living things, come from the living things and they are found in nature. Biopesticides tend to pose fewer risks than the conventional chemicals. Biopesticides can be more effective even in the smaller quantities and they tend to break down very quickly which further leads to less pollution. Rising in the production of fruits and growing acceptance of biopesticides by the agriculture sector are the major factors which are driving the growth of the biopesticides market.
Moreover, growing awareness regarding the benefits of biopesticides in comparison with the conventional pesticides, rising support of the governments, growing demand for the exotic fruit production is witnessed to fuel the growth of the market. However, lack of awareness about biopesticides in some of the underdeveloped countries, a dearth of the infrastructure in emerging countries is expected to hamper the growth of the market.
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The global biopesticides market is divided into following categories-
1. Type
• Fungicides
• Nematicides
• Insecticides
• Herbicides
2. Crop
• Fruits and vegetables
• Grains and oilseeds
3. Formulation
• Liquid
• Dry
4. Origin
• Botanical
• Microbial
• Plant-incorporated protectants
And on the basis of the geographical regions, the global biopesticides is segmented into- Europe, Asia- Pacific, North America, the Middle East & Africa and Latin America.
North America is the leading region due to the favourable regulatory framework, high adoption towards the biopesticides.
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Europe is also one of the most attractive regions in biopesticides Industry. Asia Pacific region is the lucrative market in the biopesticides industry owing to the rising government initiatives, adoption of the eco-friendly agricultural practices, geographical expansions of the major players in the Asia Pacific countries.
Some of the global biopesticides market manufacturers are BASF SE (Germany), Marrone Bio Innovations Inc. (U.S.), Koppert Biological Systems (Netherlands), Certis USA LLC (U.S.), Monsanto Company (U.S.), Valent Biosciences Corporation (U.S.), Camson Bio Technologies Limited (India), and Bioworks, Inc. (U.S.). Some of the market development include Bayer CropScience launching its seed treatment agent ILeVO into the Canadian market in 2016.
Development of organic product across the globe as created the awareness in consumers regarding the benefits of biopesticides. Governments of different nations are supporting highly to boost the growth of biopesticide market such as regulatory implementations by US Environmental Protection Agency and Canada Pest Management Agency etc. Growth strategies which are adopted by the players like collaborations, agreements, acquisitions etc. are also boosting the market growth of biopesticides.
Key Questions Answered
• What is the current and future biopesticides market outlook worldwide? What trends are affecting the global market?
• What is the competitive landscape and market share of major players in the biopesticides globally?
• What are the key, high growth markets that biopesticides manufacturers should expand into? Which market segments are growing the fastest?
• What are the unmet needs with the biopesticides currently on the market? How will emerging technologies fulfil these unmet needs?
• What is physician perception and market outlook of biopesticides?
• What are the challenges and barriers that have hindered widespread adoption of active pharmaceutical ingredients?
Reasons to buy biopesticides market Report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
• Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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