Biopesticides Market: Growing Popularity of Organic Foods and Innovative Product Launches to Boost Market, TMR
The global biopesticides market is fairly consolidated with the top five companies accounting for a combined share of over 50% in 2014, finds Transparency Market Research (TMR). Some of the leading players in this market include BASF SE, Valent Biosciences Corp, Arysta LifeSciences, Bayer CropScience AG, Novozymes, and Dow AgroSciences. The top players are actively investing in research and development of new products, particularly microbial and biochemical pesticides. The leading companies are increasingly mobilizing their capital through acquisitions, licensing deals, and partnership agreements to consolidate their shares. Owing to an evolving regulatory environment, a large number of chemical pesticide manufacturers have made a foray into the biopesticides sector. In the past few years, intensifying regulatory pressures have led major agro-chemical companies to diversify their assets from chemicals to biopesticides. The global biopesticides market stood at...