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Biopesticides Market will grow at a CAGR over 15.9% from 2017 to 2023Food, Beverages & Nutrition 2018. 12. 21. 00:02
Biopesticides are pesticides derived from natural sources such as animals, plants, bacteria, and certain minerals. They contain naturally occurring substances that control pests. Biopesticides do not leave a toxic residue. Furthermore, they provide a permanent or long-term control on pests, which is driving the growth of the market. Additionally, their eco-friendly attribute is gaining popularity globally.
Global Key Players and Competition Analysis
Certis USA (Germany), BASF SE (Germany), Monsanto Company (USA), Syngenta (Switzerland), Novozymes Biologicals (Denmark), Bayer Crop Science AG LLC (US)
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Segmentation Analysis
Biopesticide market is segmented on the basis of type, which includes bioherbicide, bioinsecticide, bio fungicide, and others. Based on the form, the biopesticide market is segmented into dry, liquid, and others. The liquid formulation is gaining higher popularity as compared to other forms of shelf life. On the basis of the application, the biopesticide market is segmented into foliar spray, seed treatment, soil treatment, and others. Based on the crop, the biopesticides market is segmented into cereals & grains, fruits & vegetables, oilseeds, and others.
Regional Analysis
The global biopesticides market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the market and the US as a major contributor to this regional growth. Increasing demand for organic food in North American countries is driving the market for biopesticides in this region. Advanced agricultural techniques in Europe are expected to drive the biopesticide market at the highest rate in the region.
Market Scope
Biopesticides are highly effective against microbial infections that outbreak crops which are a growing factor for the growing acceptance of biopesticides in the agricultural sector across the globe. Increasing demand for organic products in developed countries is driving the growth of the bio-pesticides market.
" Global Biopesticides Market Research Report- Forecast till 2023 " in-depth alongside table of content (TOC) at: https: //www.marketresearchfuture .com / reports / biopesticides-market-5098
Industry News
July 2018 - Vestaron Corporation has made its Spear-T bioinsecticide for greenhouse growers, after the final EPA approval of its manufacturing process for a liquid formulation. Spear-T is an insect control solution, which provides the efficacy of synthetic chemistry with biological benefits. It is designed to be non-toxic to mammals, birds, fish, honeybees, and other insects. It is also used with regular fogging / spraying equipment.
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