(MENAFN- America News Hour) Global Biopesticides Market is forecasted to reach $4 billion by 2024; growing at a CAGR of 8.8% between 2016 and 2024. Biopesticides are naturally occurring substances that control pests by non-toxic mechanisms. It is derived from natural materials such as bacteria, fungi and virus or substance produced by plants which contains genetic material or Plant-Incorporated Protectants (PIPs). Biopesticides are usually less toxic as compared to conventional pesticides and include substances that interfere with growth or mating, such as plant growth regulators. At present, Bacillus thuringiensis (Bt) is most widely used insecticide which is useful for pest control. They target only the specific and affect only the target pest with regards to a broad spectrum.
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The global biopesticides market is majorly driven by increased knowledge among the end-users and advancements in biotechnology and bio-pesticide technology. Moreover, encouragement for organic farming from various government organizations rise in research and development, for advanced farming innovations has also supplemented the growth of the market. However, negative perception and low availability along with low shelf-life of biopesticides may hinder the growth of the market. Furthermore, emerging technologies would provide several growth opportunities for the market in the coming years.
The biopesticides market is segmented on the basis of product type, active ingredient type, crop type, application and geography. By product type, it is further segmented into bioinsecticides, bionematics, biofungicide, and bioherbicide. Active ingredient type segment is further categorized into microbial pesticides, plant-based pesticides and biochemical pesticides. By crop type, the market is sub-segmented into permanent crops, arable crops and others. Furthermore, the application segment is bifurcated into post-harvest, seed treatment application, and on-farm application.
By geography the market is segmented into North America, Europe, Asia-Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe covers France, Germany, Italy, Spain and others. Asia-Pacific covers China, India, Japan and others. Rest of the World (RoW) covers South America, Middle East and Africa.
The major players in the global biopesticides market include San Jacinto Environmental, Isagro SpA, BioWorks, Inc., Troy Biosciences, Inc., Supplies, Bayer CropScience Ag, Syngenta Bioline Ltd. Dow AgroSciences LLC, AgBiTech Pty Ltd, GreeNeem, and Sibbiopharm Ltd., among others.
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The key takeaways from the report:
The report will provide detailed analysis of Biopesticides Market with respect to major segments such as product type, active ingredient type, crop type and application of the market
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities is included in the report
An exhaustive regional analysis of Biopesticides Market will be provided in the report
Profile of the key players in the Biopesticides Market will be provided, which include key financials, product & services, new developments and business strategies
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
US
Canada
Mexico
Europe
Germany
France
United Kingdom
Spain
Others
Asia-Pacific
China
India
Japan
South Korea
Others
RoW
South America
Middle East
Africa
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