Biopesticides Market: Growing Popularity of Organic Foods Augmenting Demand By 2023

According to the findings of a recent report by Transparency Market Research (TMR), the global biopesticides market is consolidated in nature with top five companies reserving 50% of the shares in 2014. Some of the leading companies identified by the report in the global biopesticides market are BASF SE, Bayer CropScience AG, Valent Biosciences Corp, Arysta LifeSciences, Novozymes A/S, and Dow AgroSciences. The market is currently in development stage and challenge from synthetic pesticides is stiff. Vendors of this market are finding it hard to demonstrate their products in order to convince farmers to switch off their traditional products.

As per the projections of the TMR report, the demand in the global biopesticides market will increment at a robust CAGR of 9.9% during the forecast period of 2015 to 2023, reaching an estimated valuation of US$4.17 bn by the end of 2023, significantly up from its evaluated worth of US$1.96 bn in 2015. DuPont, Bioworks, Syngenta, Nufarm, Stoller, ADAMA, Koppert, and Futureco Bioscience are some of the other key companies identified by this report on the global biopesticides market.

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Bioinsecticides Remains Most Profitable Product Segment

Product-wise, the global biopesticides market has been segmented into biofungicide, bioinsecticide, bioherbicides, and bionematicides. Owing to rising insect attack levels on crops as a result of frequent climate changes as well as growing demand for organic pest control are two important factors augmenting the demand for bioinsecticide. This product contains living bacteria that produce toxin that destroys insects. The popularity of bioinsecticides is a resul of its use for crop protection activities across the world, because several crop pests have gained immunity to other kinds of pesticides. Bioinsecticides are easy to use and are expected to remain the leading product segment in the near future.

Based on active ingredients type, the market for biopesticides has been bifurcated into microbial pesticides, biochemical pesticides, and plant-pesticides. Among these, microbial pesticides segment accounted for 57.7% of the demand in 2014 and are projected to increment the demand at the most prominent CAGR of 9.7% during the forecast period of 2015 to 2023. Based on application, the market has been categorized into on-farm application, post-harvest application, and seed treatment. On the basis of crop type, the market has been bifurcated into arable crops, permanent crops, and others such as forage grasses, turf and greenhouse crops.

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Geographically, the report takes stock of the potential of biopesticides market in the regions of North America, Asia Pacific, Europe, and the Rest of the World including Latin America, The Middle East, and Africa. In 2014, North America was the most lucrative region, accounting for 41.7% of the demand and is expected to remain most profitable throughout the forecast period. This sustained demand from North America is primarily from the developed country of the U.S., wherein organic food that are cultivated chemical-free are gaining popularity. On the other hand, Asia Pacific is also expected to turn into a profitable towards the end of the forecast period, gaining traction from the emerging economies of India and China, which houses enormous population base and have vast arable land.

Promotion by Government Agencies Raising Awareness

The global biopesticides market is gaining traction from several factors including the growth in the demand for organic foods, promotion by government agencies regarding the benefits of biopesticides, heavy crop loss due to pest attacks, awareness regarding the hazards of chemical pesticides, and rise in the costs of chemical pesticides and fertilizers. On the other hand, the lack of awareness, low adoption rate of these chemicals, lack of infrastructure, and low shelf life are some of the factors challenging the biopesticides market from attaining its true potential. Nevertheless, the author of the report expects the growth in bio-control seed treatment solutions and new target markets such as Asia Pacific and Latin America are expected to open new avenues for the vendors operating in this market.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

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

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