DUBLIN, Oct. 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/pb6943/global) has announced the addition of the "Global Biopesticides Market - Growth, Trends and Forecasts (2015-2020)" report to their offering.
The Biopesticides industry is estimated to grow at a CAGR of 15.5% by volume and 16.82% by value terms during 2015-2020 and is estimated to value at US$ 13,621 million.
While the prevalence of chemical or synthetic pesticides in crop protection would continue, human, animal and environmental health concerns would play key roles in driving growth for Biopesticides. Several countries are adopting a stringent approach concerning the amount of imports, with a special focus on regulating the quantity of pesticide residues. As a result, the demand for regulated food safety and quality is becoming larger. Another reason, for the growers to adopt Biopesticides in their farming practices.
In spite of their low toxicity and environment impact levels, Biopesticides have a major restrain in the form of high costs and low availability. As Biopesticides have high specificity towards pest, different Biopesticides need to be used for different pests apart from frequent reapplication instituted due to low life span. Thus increasing the cost sentiment among the growers, and in turn proving to be a constraint.
The report is segmented based on type, application and geography. Based on type the market is segmented as bioherbicides, bioinsecticides and biofungicides, with their application on both crop based and Non crop based categories. Emerging economies in Asia-Pacific and Latin America are likely take the lead in adoption of Biopesticides. The market is seeing severe competition from big and small firms, with the larger firms adopting acquisition strategy to create a foothold in the Biopesticide market.
Some of the leading players are Marrone Bio innovations, Valent Biosciences, Certis LLc, Agraquest, and Koppert Biological systems.
Key Topics Covered:
2. Key Findings Of The Study
3. Market Overview
4. Market Dynamics
5. Market Segmentation
- Basf - Bayer Cropscience AG - Bioworks, Inc. - Certis LLC - Dupont - Isagro Spa - Koppert Biological systems - Marrone BioInnovations - Monsanto - Novozyme biologicals - Valent Biosciences Corporation
For more information visit http://www.researchandmarkets.com/research/pb6943/global
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SOURCE Research and Markets