Our latest research report entitled Bio-pesticides Market (by product (bioinsecticides, biofungicides, bioherbicides, bio nematicides, and other products), application (cereals & grains, oilseeds & pulses, fruits & vegetables, and other applications)) provides complete and deep insights into the market dynamics and growth of Bio-pesticides. The latest information on market risks, industry chain structure Bio-pesticides cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Bio-pesticides growth factors.
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Increasing Usage of Environment-Friendly Pesticides for Crop Production is Expected to Be the Key Factor Driving the Growth
The demand for biopesticides is expected to grow continuously. According to the EPA, there are 410 registered biopesticide active ingredients. In 2017, nine new bio-pesticides and eight new uses were registered. The companies such as BASF are continuously developing biologicals-based solutions pest control applications in the growing marketplace. The increasing global popularity of bio-pesticides in crop protection compared with their synthetic counterparts is due to their lower development cost, suitability for use in sustainable agriculture and as an additional tool to manage resistance in integrated pest management schemes.
Globally increasing the usage of environment-friendly pesticides for crop production is expected to be the key factor driving the growth of the bio-pesticides market. Furthermore, it also reduces the potential risk of chronic poisoning caused by chemical insecticides among its applicants. Moreover, it has minimal impact on the environment and is non-toxic to human beings. Besides, the shifting trend towards organic foodstuff is also anticipated to increase the demand for the bio-pesticides market.
However, the bio-pesticides application may be constrained because they may require several applications to achieve adequate control of pests, thus restraining the growth of the bio-pesticides market. Moreover, the advancements in the development of bio-pesticides with improved efficiency for treating a different variety of pests are expected to create lucrative opportunities for the growth of the bio-pesticides market.
North America Holds the Dominant Market Share
Among the regions, North America holds the dominant market share in the global bio-insecticides market and is anticipated to maintain its leading position throughout the forecast period. The factors attributing to the growth of this region include the adoption of environmentally safe crop protection products, increasing demand for organic foods and the presence of several bio-pesticide manufacturing companies in this region.
Furthermore, the Asia-Pacific region is anticipated to grow at the highest CAGR during the forecast period owing to the rising demand for food for the rapidly rising population as well as the increasing adoption of biopesticides in agriculture.
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Report on the Global Bio-Pesticides Market Covers Segments such as Product, and Application
On the basis of product, the sub-markets include bioinsecticides, biofungicides, bioherbicides, bio nematicides, and other products. On the basis of application, the sub-markets include cereals & grains, oilseeds & pulses, fruits & vegetables, and other applications.
The report provides profiles of the companies in the market such as BASF SE, Syngenta AG, Bayer AG, DowDuPont, Inc., Marrone Bio Innovations, Inc., Arysta LifeScience Corporation, Actagro LLC., AgBioChem Inc., AgBiTech Pty Ltd., Biotech International Ltd., and Other Companies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-bio-pesticides-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Bio-pesticides.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.