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Global Biopesticides Market Is Projected To Boost, Driven By Growing Popularity Of Organic Food And Organic Farming

/EIN News/ -- SAN FRANCISCO, July 21, 2017 (GLOBE NEWSWIRE) -- Global Biopesticides Market Report, published by Variant Market Research, forecast that the global market is expected to reach $4 billion by 2024 from $2 billion in 2016, growing at a CAGR of 8.8% from 2016 to 2024. By geography, Asia Pacific and rest of the world (RoW) are expected to grow at a CAGR of 9.7% and 8.9%, respectively, during the forecast period.

The Global Biopesticides Market is gaining traction owing to several factors such as developments in the field of biotechnology and bio-pesticide technology and growing knowledge regarding benefits of biopesticides among end-users. Moreover, increasing investments in R&D for innovative farming techniques and various policies aiding development of organic farming also supplements the growth of the market. Though, low shelf-life and negative perception could hinder the adoption among end-users. Additionally, emerging technologies overcoming challenges could provide several growth opportunities in forecasted years.

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Product type, active ingredient, crop type, application and geography are the major segments considered in global biopesticides market. By product type, the market is segmented into bioinsecticides, biofungicide, bionematics and bioherbicide. Active ingredient type can be further segmented into microbial pesticides, plant-based pesticides and biochemical pesticides. Crop type is bifurcated into permanent crops, arable crops and others. Furthermore, applications are segmented into seed treatment application, on-farm application and post-harvest.

In product type segment, bioherbicides and bioinsecticides held the majority of the market share in 2016, owing to advances in genetic engineering and increased R&D activities to develop nest-generation bioherbicides. Furthermore, microbial pesticides accounted for the largest market share in active ingredient segment, followed by biochemical pesticides, in the year 2016.

By geography, the global biopesticides market is categorized into North America, Europe, Asia-Pacific and RoW. North America accounted for the largest market share in 2016, owing to need to maintain sustainability in human and environment by minimizing use of chemical pesticide and growing preference of organic products. Major North American cities such as New York and Chicago is expected to be a lucrative market in the coming few years. Asia-Pacific held the second largest market share owing to its growing penetration in Singapore, Hong Kong and other cities. In terms of growth, Asia-Pacific is expected to attain fastest CAGR during the forecasted period 2016-2024, driven by growing population, and promotions and encouragements from various government and non-government organizations for promoting organic farming.

Majority of the market players are implementing several strategies such as mergers & acquisitions, product innovations and others, to increase their market share.The key market players include Bayer CropScience Ag, GreeNeem, Sibbiopharm Ltd., Isagro SpA, BioWorks, Inc, San Jacinto Environmental Supplies, Troy Biosciences, Inc., Syngenta Bioline Ltd. Dow AgroSciences LLC, AgBiTech Pty Ltd. and others. In May 2017, BioWorks Inc., launched a new organic biological fungicide called as BotryStop® for controlling pathogens and to provide protection to blossoms, fruits and plant tissues. Similarly, in June 2016, Dow AgroScience and University of Warwick discovered a unique herbicide binding pattern. They have the ability to bind with receptors in plant cells and alters plant growth in susceptible species and controls weed.

The Key Takeaways From The Report

  • The report will provide detailed analysis of Biopesticides Market with respect to major segments such as product type, active ingredient type, crop type and application of the market
  • The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
  • Comprehensive analysis of market dynamics including factors and opportunities is included in the report
  • An exhaustive regional analysis of Biopesticides Market will be provided in the report
  • Profile of the key players in the Biopesticides Market will be provided, which include key financials, product & services, new developments and business strategies

Table Of Contents

Chapter 1. Prefix
     1.1 Market Scope
     1.2 Report Description
     1.3 Research Methodology
           1.3.1 Primary Research
           1.3.2 Secondary Research
           1.3.3 In-house Data Modeling
Chapter 2. Executive Summary
Chapter 3. Market Outline
     3.1 Market Inclination, Trend, Outlook and Viewpoint
     3.2 Market Share Analysis: Company’s Competitive Scenario
     3.3 Value Chain Analysis
     3.4 Market Dynamics
           3.4.1 Drivers
        Impact Analysis
           3.4.2 Restraints
        Impact Analysis
           3.4.3 Opportunities
     3.5 Porter’s five forces analysis
           3.5.1 Factors Impact Analysis   …..

Chapter 9. Company Profiles
     9.1 Bayer CropScience Ag
     9.2 GreeNeem
     9.3 Sibbiopharm Ltd.
     9.4 Isagro SpA
     9.5 BioWorks, Inc
     9.6 San Jacinto Environmental Supplies
     9.7 Troy Biosciences, Inc.
     9.8 Syngenta Bioline Ltd.
     9.9 Dow AgroSciences LLC
     9.10 AgBiTech Pty Ltd

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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Kailas Disale
Executive at Variant Market Research.
Tel: +1-415-680-2785
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