Skip to main content

Global Biopesticides Market: Soaring Popularity of Organic Food Fuels Demand, finds TMR

The global biopesticides market is partially consolidated with the top five players accounting for about half the market share. Some of the big names operating in the market are BASF SE, Arysta LifeSciences, Valent Biosciences Corp, Bayer CropScience AG, and Dow AgroSciences, Novozymes A/S. They have invested heavily in research and development of new biopesticides, particularly biochemical pesticides, microbial pesticides, and plant-pesticides.

The global market for biopesticides is regulated tightly by government. The U.S. Department of Agriculture and Department of Food and Drugs Administration were the first to formulate rules pertaining to pesticides. Later the Environmental Protection Agency (EPA) had been tasked with formulating rules and monitoring the market. The EPA has significantly supported research and development activities in the U.S. and this would likely lead to the unveiling of new biopesticides in the near future. Sensing opportunity in the market, prominent agrichemical companies have forayed into it through partnerships, licensing deals, and acquisitions.
The global market for biopesticides was worth US$1.96 bn in 2015 and is predicted to attain a value of US$4.17 bn by 2023 by clocking a CAGR of 9.9% from 2015 to 2023.
Spiking Demand for Organic Food Makes Microbial Pesticides the Dominant Segment
Among the various types of active ingredients used in biopesticides, the microbial pesticides lead the market. This is because in the past couple of years, many manufacturers have embarked upon the discovery of microbial biopesticides driven by the demand for organic food products. The segment is expected to expand at a healthy CAGR of 9.70% between 2015 and 2023.
Geographically, the global market for biopesticides can be divided into North America, Europe, Asia Pacific, and the Rest of the World. North America, among them, dominates the market with a leading share. In the near future too North America is expected to see steady growth powered by demand from the U.S. and Canada. Asia Pacific trails North America in terms of market share. In Europe, the countries of Spain, Italy, and France have emerged as prime markets, while the U.K. and Germany have emerged as hotspots for testing market receptiveness of new products. Strong emphasis on research and development activities by prominent players are primary factors fuelling the European biopesticides market.
High Toxicity of Chemical Pesticides Aids Uptake of Biopesticides
The soaring popularity of organic farming has primarily fuelled the global biopesticides market. Their popularity has resulted from the fact that biopesticides are essentially biological agents for controlling weeds, diseases, and pests in crops. “They are usually extracted from bacteria, animals, plants, and minerals. Their unique perceived benefits are that they are less toxic to humans and are highly effective in smaller quantities. Biopesticides are environment-friendly and are great alternatives to the traditional chemical pesticides. Biopesticides, being easily decomposable, do not leave any dangerous residue behind,” explains the analyst of the report. The increasing concerns about environment and the health hazards posed by chemical pesticides, coupled with regulations framed against them, have led to the significant uptake of biopesticides.
Global Biopesticides Market, by Active Ingredients Type
  • Microbial pesticides
  • Plant-pesticides
  • Biochemical pesticides
Global Biopesticides Market, by Crop Type
  • Permanent Crops
  • Arable Crops
  • Others (forage & turf grasses and greenhouse crops)
Global Biopesticides Market, by Application Type
  • Seed Treatment Application
  • On Farm Application
  • Post Harvest Application
This review is based on the findings of a TMR report, titled “Biopesticides Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2023.”
Labels:
Location: Albany, NY, USA

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and
Post a Comment
Read more

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi
Post a Comment
Read more