The total bio-pesticides market was estimated at $ 3.2 billion in 2017. The market is expected to grow at a CAGR of 6.8% from 2017-2023 and is projected to reach $ 6.8 billion by 2023. An increase in population resulted in the rising demand for food. To maintain an optimum balance between food demand and supply, chemical pesticides have been extensively used. The harmful residues of these chemical pesticides have adversely affected the food chain. The use of synthetic pesticides has resulted in the contamination of food, water, and air.
The Global Bio-Pesticides Market report 2018 covers deep dive segmentation in every aspect by type, application, application, end-user and region. This report also Covers Pin-point Analysis on Growth, Industry Size, statistics, Future Development Strategies and Business Opportunities The Global Bio-Pesticides Market report covers an exhaustive understanding of the Bio-Pesticides Industry that encompasses various important factors like the product type, sales, revenue, competition market size, regions, and applications. The report further provides a thorough understanding of the Bio-Pesticides Market through value chain analysis and SWOT, which helps the consumer/user/ reader to understand expected trends in the Bio-Pesticides Industry, demand-supply situation in the market, its weaknesses, strengths and various opportunities the market can offer. Statistics and data have been included in the Bio-Pesticides Market to support the information in the report through charts and tables for enhanced readability and to present more engaging content.
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Bio-pesticides have risen as a viable eco-friendly alternative to synthetic or chemical pesticides. They are usually a less toxic substance than traditional synthetic pesticides. The support and encouragement of the USA Environment Protection Authority (EPA) for the use of environmentally friendly pesticides drive the market heavily.
Bio-pesticides are formulated in a manner that they eliminate target pests and related organisms, which can damage vegetables and crops. In terms of types of products, bio-fungicides and bio-insecticides accounted for the largest market share in 2017. The impact of conventional insecticides is less effective due to increasing resistance among pests and insects. Crop and vegetable growers are inclined towards the usage of bio-insecticides, which is cost-effective and has convenient handling properties. The ban on certain chemical insecticides and fungicides provides an edge to the bioinsecticides and biofungicides market. The bio-nematicides segment is expected to grow at the fastest rate due to its increasing usage in oil seed protection.
The quantity of bio-pesticides used in fruits and vegetables is more than any other crop type. Increasing food and vegetable production is one of the major reasons for bio-pesticides consumption globally. Bio-pesticides are extremely effective against microbial infections that damage fruit crops, which result in their increasing acceptance in the agriculture sector, globally. Other significant crop types are grains and oil seeds.
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In terms of modes of application, foliar spray was the most popular segment in 2017. Bio-pesticides directly applied to foliage ensures its strong impact on insects, pests, and bugs.
North America accounted for the largest market share in 2017, followed by Europe and Asia-Pacific. The presence of a large number of organic farms, process centres & facilities, as well as vineyards and ranches boosts the usage of bio-pesticides in the region. The ban on certain chemicals and toxic insecticides & pesticides such as 1,3-Dichloropropene and neonicotinoid pesticides (France, Germany, Slovenia, and Italy) fuel the growth in Europe for bio-pesticides market.
Companies are joining hands to develop new and innovative bio-pesticides solutions worldwide. In 2016, BASF signed a collaborative agreement with a start-up company-Plant Advanced Technologies (PAT). Under this agreement, PAT is expected to employ its "Plant Milking" and "Target Binding" technologies to identify probable bio-chemical candidates for novel pesticides. BASF is anticipated to use its proprietary advanced plant platform to screen candidates to experimentally validate their biological effects. Some of the major players that operate in the industry are BASF SE, The DOW Chemical Company, Monsanto Company, Marrone Bio Innovations Inc., Isagro SPA, Valent Biosciences Corporation, Certis Usa L.L.C., W. Neudorff GmbH Kg, Koppert B.V., Bioworks, Inc., and Camson Bio Technologies Limited.
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Table of Contents
Introduction
Executive Summary
Bio-Pesticides, By Type
Factors influencing the demand of Bio-Pesticides
North America market analysis
Western Europe market analysis
Asia Pacific market analysis and more………
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