Market Research Report
Global Biopesticides Market - Trends, Opportunities and Forecast (2016-2021)
|Published by||GMI Research||Product code||649386|
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|Global Biopesticides Market - Trends, Opportunities and Forecast (2016-2021)|
|Published: June 8, 2018||Content info:||
Global Biopesticides Market
by Type (Bioinsecticide, Biofungicide, Bioherbicides & Bionematicide and Others), by Mode of Application (Dry Formulation & Wet Formulation), by End-Use (Fruits & Vegetables, Cereals & Row Crops, Seed Treatment and Non-Crops) and by Geography - Forecast to 2021.
Globally, the biopesticides usage is witnessing a robust growth as biopesticides are replacing some synthetic chemical pesticides. The market is primarily driven by the introduction and usage of microbial seed treatment in field crop, favorable government policies and regulations, rising demand for organic products, and surging adoption of organic farming practices globally.
In 2016, the bioinsecticides market is estimated to capture the highest market share due to the growing demand for organic food products and increased focus towards the prevention of insect-borne diseases. The increased usage of insecticides especially in the fruits and vegetables market segment will further drive the market.
Dry formulation amounts to approximately 68% of the total biopesticides market because most of the biopesticides are preferred in dry form as they are easy to handle, enable quick application, and are convenient to use. On the other hand, liquid biopesticides are to be sprayed using a compressed air sprayer, fogger, aircraft or soil injector.
Fruits and vegetables segment is estimated to enjoy the largest share and is projected to grow at the fastest rate during the forecast period. The key factor propelling this growth are the rising global demand for fruits and vegetables and the increasing consumer preference towards organic products.
North America dominates the biopesticides market followed by Europe, Asia-Pacific, and the rest of the world. North America holds the largest market share in the global biopesticides market during the forecast period. The supportive government policies and regulations, increased awareness of biopesticide applications, and rise in the prices of chemical pesticides are the key factors propelling the growth of biopestcides in the North American region.
United States is North America's major economy with the highest spending on organic agriculture. Apart from this, the Asia-Pacific region is projected to grow at the highest rate during the forecast period owing to the significant investments from key players in the region. Also, the research and development activities for producing technologically advanced products will play a major role in shaping the biopesticides market.