DUBLIN, May 17, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Bio pesticides Market - By Product Type, Crop Type, Active Ingredient, Application, Regions and Vendors - Market Size, Demand Forecasts, Industry Trends and Updates, Supplier Market Shares (2016-2022)" report to their offering.
The global market for biopesticides was valued at $2.78 Billion in 2016 and is estimated to reach $ 6.55 Billion by 2022, at a CAGR of 15.34% for the forecasted period.
Biopesticides products include naturally-occurring substances like biochemical pesticides (that control pests), microbial pesticides (microorganisms managing pests), and pesticide related substances produced by plants which are eco-friendly and easy to use. These being the key components of integrated pest management (IPM) programs, are thus receiving much practical attention to lessen the usage of the synthetic chemical products which are as well being utilized to control plant diseases.
North America leads this market in 2016. On the other hand, Europe is expected to be the fastest growing market during the forecasted period owing to severe policies and regulations on pesticides and increasing demand for organic related products. Asia Pacific is expected to be one of the prospective markets for biopesticides growth as accounts around 30% total land available on earth and 60% of total world population.
Growth of biopesticides is expected to be more than that of chemical pesticides, with CAGR of more than 15% for the forecasted period. Field crops and oilseed crops are the rising crop segments in the industry owing to the increasing oil prices and tremendous growth in population. Also, the exceedingly high costs associated with developing synthetic crop protection chemistries are another driver for biopesticide development.
Regulatory pressures are one of the strongest single drivers for biopesticide development. The European ban on neonicotinoid pesticides from 2013 to 2015 may well drive many of the region's growers to seek biopesticide alternatives for protecting their crops. Chemical companies and Pharmaceutical companies with fermentation capacity and expertise will enter the space to increase the profitability of otherwise underutilized fermentation capacity.
Key Topics Covered:
1. Research Methodology
2. Market Overview
- Bio pesticides - Segmentation
- Porter's Analysis
- Power of Suppliers
- Power of Consumers
- Threat from new entrants
- Threat from subsititutes
- Rivalry in the industry
- Industry Regulations
3. Market Dynamics
- Demand for Organic food
- Government promoting the industry
- Regulatory issues - ban
- Adaptability of farmers
- Developing Countries
5. Bio Pesticides Market Segmentation, Forecasts and Trends - by Revenue
6. By Product type
7. By Crop Type
- Permanent crops
- Arable crops
8. By Active Ingredient
9. By Application
- Seed treatment
- On farm
- After harvest
10. By Region
11. Global Vendor Market Share Analysis
12. Competitive Intelligence - Company Profiles
- Agbitech Pty Limited
- Agraquest Inc
- Andermatt Biocontrol Ag
- Som Phytopharma (India) Limited
- Becker Underwood Inc.
- Bayer Ag
- Biocare (India) Pvt. Ltd
- Bioworks Inc.
- Camson Bio Technologies Limited
- Certis Usa Llc
- Growth Products Limited
- Hebei Veyong Bio-Chemical Co. Limited
- Valent BioSciences
13. Investment Scenario
- Industry M&As, Consolidations
- Investment options
- Bio Pesticides market - Road Ahead
For more information about this report visit http://www.researchandmarkets.com/research/xbbgqx/global_bio
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets