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Biopesticides market to grow due to rising inclination towards organic farming


January 27, 2016

Source: Transparency Market Research

Biopesticides Market was valued at US$1.72 bn in 2014 and is expected to reach US$4.17 bn by 2023, at a CAGR of 9.9% from 2015 to 2023

Biopesticides are biological agents utilized for controlling weeds, diseases, and plant pests in crops. They are derived via natural means such as bacteria, plants, animals, and minerals.  Biopesticides are majorly used for enhancing the quality, yield, and salability of crops. They have low toxicity to humans and are highly effective in smaller quantities. Biopesticides are environment-friendly and are great alternatives to traditional chemical pesticides. Biopesticides, being easily decomposable, do not leave any dangerous residue behind. The increasing environmental concerns and growing health hazards caused by chemical pesticides have led to the rising adoption of biopesticides. 

Increasing Emergence of New Pests to Boost Biopesticides Market

On the basis of product type, the global biopesticides market is segmented into bioinsecticides, bionematicides, biofungicides, and bioherbicides. Factors such as the increasing number of regulations posed on the utilization of chemical pesticides, the high number of new product introductions, and the rising availability of biopesticides are fuelling the market for biopesticides. Furthermore, factors such as the increasing emergence of new pests and the rising inclination among farmers as well as the general populace towards organic farming have also impacted the market positively. On the other hand, the low shelf life of biopesticides is a key concern for producers and may impede the growth of the market in the coming years. In addition, factors such as the absence of awareness amongst people about the prime advantages related with the usage of biopesticides and the negligence to substitute traditional chemical pesticides with biopesticides for crop protection may also inhibit the growth of the market.

Microbial Pesticides Held a Share of 57.7% in 2014

In terms of active ingredient type, the market is segmented into plant pesticides, microbial pesticides, and biochemical pesticides. Amongst these, in 2014, the segment of microbial pesticides led the market and constituted a share of 57.7% in the market. This segment is predicted to expand at a 9.70% CAGR between 2015 and 2023. Biopesticides are majorly utilized on three types of crops, namely arable crops, permanent crops, and others including greenhouse crops, turf grasses, and forage. Amongst these, biopesticides find major application in the protection of permanent crops. Biopesticides are primarily used for three applications, namely on-farm applications, seed treatment applications, and post-harvest applications.

North America Biopesticides Market Emerges as the Largest Market

On the basis of geography, the biopesticides market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, in 2014, North America led the market and is predicted to experience steady growth owing to the increasing demand for biopesticides from top markets such as Canada and the U.S. Asia Pacific trailed North America and stood as the second largest market for biopesticides the same year. On the other hand, within Europe, Italy, France, and Spain emerged as the prime markets, while the UK and Germany have come up as the prime testing markets for new product launches. The increasing research and development activities by prime players are a chief factor fuelling the European biopesticides market.

The prominent players dominant in the market are Arysta LifeSciences, BASF SE, Valent Biosciences Corp, Dow AgroSciences, Novozymes A/S, and Bayer CropScience AG, among others.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
 
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Biopesticides are biological agents utilized for controlling weeds, diseases, and plant pests in crops. They are derived via natural means such as bacteria, plants, animals, and minerals.  Biopesticides are majorly used for enhancing the quality, yield, and salability of crops. They have low toxicity to humans and are highly effective in smaller quantities. Biopesticides are environment-friendly and are great alternatives to traditional chemical pesticides. Biopesticides, being easily decomposable, do not leave any dangerous residue behind. The increasing environmental concerns and growing health hazards caused by chemical pesticides have led to the rising adoption of biopesticides. 

Increasing Emergence of New Pests to Boost Biopesticides Market

On the basis of product type, the global biopesticides market is segmented into bioinsecticides, bionematicides, biofungicides, and bioherbicides. Factors such as the increasing number of regulations posed on the utilization of chemical pesticides, the high number of new product introductions, and the rising availability of biopesticides are fuelling the market for biopesticides. Furthermore, factors such as the increasing emergence of new pests and the rising inclination among farmers as well as the general populace towards organic farming have also impacted the market positively. On the other hand, the low shelf life of biopesticides is a key concern for producers and may impede the growth of the market in the coming years. In addition, factors such as the absence of awareness amongst people about the prime advantages related with the usage of biopesticides and the negligence to substitute traditional chemical pesticides with biopesticides for crop protection may also inhibit the growth of the market.

Microbial Pesticides Held a Share of 57.7% in 2014

In terms of active ingredient type, the market is segmented into plant pesticides, microbial pesticides, and biochemical pesticides. Amongst these, in 2014, the segment of microbial pesticides led the market and constituted a share of 57.7% in the market. This segment is predicted to expand at a 9.70% CAGR between 2015 and 2023. Biopesticides are majorly utilized on three types of crops, namely arable crops, permanent crops, and others including greenhouse crops, turf grasses, and forage. Amongst these, biopesticides find major application in the protection of permanent crops. Biopesticides are primarily used for three applications, namely on-farm applications, seed treatment applications, and post-harvest applications.

Get Free Research Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=116

North America Biopesticides Market Emerges as the Largest Market

On the basis of geography, the biopesticides market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, in 2014, North America led the market and is predicted to experience steady growth owing to the increasing demand for biopesticides from top markets such as Canada and the U.S. Asia Pacific trailed North America and stood as the second largest market for biopesticides the same year. On the other hand, within Europe, Italy, France, and Spain emerged as the prime markets, while the UK and Germany have come up as the prime testing markets for new product launches. The increasing research and development activities by prime players are a chief factor fuelling the European biopesticides market.

The prominent players dominant in the market are Arysta LifeSciences, BASF SE, Valent Biosciences Corp, Dow AgroSciences, Novozymes A/S, and Bayer CropScience AG, among others.

About Us

 
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
 
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

- See more at: http://www.industrytoday.co.uk/chemicals/biopesticides-market-to-grow-due-to-rising-inclination-towards-organic-farming/48243#sthash.CrLzGUax.dpuf


Published: January 27, 2016

 
 

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