Global Biopesticides Market Is Driven By Increasing Support Of Organic Farming From Governments


Posted October 24, 2017 by arohipatil8090

Global Biopesticides Market Report, published by Variant Market Research, forecast that the global market was valued at $2 billion in 2016 and estimated to reach $4 billion by 2024; growing at a CAGR of 8.8% from 2016 to 2024.

 
Global Biopesticides Market Report, published by Variant Market Research, forecast that the global market was valued at $2 billion in 2016 and estimated to reach $4 billion by 2024; growing at a CAGR of 8.8% from 2016 to 2024. In geographical segments, Asia Pacific and rest of the world (RoW) anticipated to grow at a CAGR of 9.7% and 8.9%, respectively, over the forecast period 2016 – 2024.
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Global biopesticides market is boosted by increasing developments in biotechnology & biopesticide technology, increasing research & development for superior farming solutions, growing awareness among end-users, and continuous alertness and support to organic farming from government organizations & different NGOs. Though, low accessibility with short shelf-life of biopesticides would act as a restraint for the growth of the market. Additionally, promising technologies would unfold attractive business opportunities for the market in the coming years.
Product type, crop type, active ingredient type, application and geography are the key segments of global biopesticides market. Product type segment comprises bioinsecticides, bionematics, biofungicide, and bioherbicide. Crop type is divided into permanent crops, arable crops and others. Active ingredient type includes microbial pesticides, plant-based pesticides and biochemical pesticides. Additionally, application segment includes seed treatment application, on-farm application and post-harvest. In the year 2016, bioherbicides accounted the largest market share. Moreover, in the year 2016, in active ingredient type segment, microbial pesticides accounted for major market share with 57.5%, followed by biochemical pesticides with 26.2%.
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North America, Europe, Asia-Pacific and Rest of the World (RoW) are covered under the geography segment of the global biopesticides market. Asia-Pacific is anticipated to grow at a fastest CAGR from 2016 to 2024. The growth is attributed to rising population in emerging countries & encouragement by government and different NGOs to support organic farming.
Key players operating in the market are Bayer CropScience Ag, GreeNeem, Isagro SpA, BioWorks, Inc, Sibbiopharm Ltd., AgBiTech Pty Ltd., San Jacinto Environmental Supplies, Syngenta Bioline Ltd., Troy Biosciences, Inc., and Dow AgroSciences LLC, among others.
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Scope of Biopesticides Market
Product Type Segments
• Biofungicide
• Bionematics
• Bioinsecticides
• Bioherbicide
Active Ingredient Type Segments
• Biochemical Pesticides
• Microbial Pesticides
• Plant-Based Pesticides
Crop Type Segments
• Arable Crops
• Permanent Crops
• Others
Application Segments
• On-Farm Application
• Post-Harvest
• Seed Treatment Application
Geographical Segments
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o United Kingdom
o Spain
o Others
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa

About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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Issued By Arohi Patil
Website https://www.variantmarketresearch.com/report-categories/chemicals-materials/biopesticides-market
Phone 1-415-680-2785
Business Address USA Office: 649 Mission St, 5th Floor, San Francisco, CA 94105, United States.
Country United States
Categories Agriculture
Tags biopesticides market , biopesticides market forecast , biopesticides market size , biopesticides market trend
Last Updated October 24, 2017