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, Stoll...
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