The global market for biopesticides has been growing for the past five-years, driven by government regulations against the use of chemical pesticides, increased demand for organic products and growing population. The North America region dominates the biopesticides market followed by Europe and Asia-Pacific.

Actagro LLC, Agbitech Pvt. Ltd., American Vanguard Corp., Amit Biotech, Andermatt Biocontrol AG, BASF SE, Bayer Corp Science, Biosafe Systems, Bioworks Inc., Dow Agro Sciences LLC, Kumiai Chemical Industry Co. Ltd., Monsanto, Novozyme and Syngenta AG are some of the major manufacturers of biopesticides across regions.

This market research report explains current market for biopesticides in terms of value. The report also highlights the major drivers and challenges, including their profiles related to biopesticides market.

The global market for biopesticides has been growing at a CAGR (2015 to 2020) of 16.7% driven by government regulations against the use of chemical pesticides, increased demand for organic products and growing population.

The global biopesticides market is expected to grow from $2.1 billion in 2014 to $2.4 billion in 2015 at a year-on-year (YOY) growth rate of 15.4%. In addition, the market is expected to grow at a five-year CAGR (2015 to 2020) of 16.7%, to reach $5.3 billion in 2020.

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Source: Ceskaa Research