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EMAILWIRE.COM, December 29, 2016 ) The Global bio pesticide market is estimated to reach USD 6.77 billion by 2021 from USD 3.14 billion in 2016 at a CAGR of 16.6%. Bio pesticides are substances derived from naturally occurring materials like plants (plant-incorporated protectants or PIP’s), micro-organisms (microbial pesticides) and certain minerals (biochemical pesticides). The bio pesticides control diseases or pests through broad spectrum approach and even through selective approach. These are replacing conventional pesticides from the market due to their non-toxic quality and target specific behaviour. As bio pesticides target only specific pests which are needed to be destroyed but the conventional pesticides can even harm birds, animals or even human beings.
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http://www.marketdataforecast.com/market-reports/global-bio-pesticide-market-484/request-sampleBio pesticides are advantageous for farmers as well as for the environment. They are usually inherently less toxic than conventional bio pesticides, they are comparatively cheaper and effective, decomposes well without leaving any harmful residues, have substantially nullified impact on non-targeted species and can greatly reduce the use of conventional pesticides with high yield.
This market growth is driven by the high prevalence of crop diseases and rising demand for organic both in both developed and developing regions. Various research centers all around the world are taking initiatives to improve techniques for the augmentation and application of bio pesticides. Unawareness of farmers regarding the benefits of bio pesticides and also their reluctance to change from the existing practices of chemical pesticides are restraining the growth of the market.
Scope of the Report:
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive
PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
According to ingredients, they are classified as biochemical pesticides, plant pesticides and microbial pesticides. On the basis of microorganism’s type, they are segmented into bioherbicides, biofungicides, bionematicides and bioinsecticide. Based on crop type the market is fragmented among permanent and arable crops along with forage & turf grasses and greenhouse crops. By application, the market is bifurcated into seed treatment, on farm and post-harvest application. Biofungicide and bionematicide segments are anticipated to witness highest growth in the global bio pesticide market.
The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America holds the largest share of the market due to rise in demand of organic foods, which depends upon chemical free products to safeguard the crops and human health. Asia-Pacific holds the second largest market share. The market is driven by remarkable advancement in biotechnology which has witnessed a new growth paradigm.
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http://www.marketdataforecast.com/market-reports/global-bio-pesticide-market-484/inquireGlobal bio pesticide market is consolidated with the following major companies operating in the market, these are Parry America, Andermatt Biocontrol Ag, Marrone Bio Innovations Inc, Agbitech Pty Limited, Bioworks Inc., Som Phytopharma Limited, Camson Bio Technologies Limited, Hebei Veyong Bio-Chemical Co. Limited, Becker Underwood Inc., Agraquest Inc., Growth Products Limited, Valent Biosciences Corp, Biocare, Natural Industries and Novoenzymes A/S.
Market Data Forecast
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