Global Biopesticides Market: Rising Awareness about Environmentally Viable Agriculture Spikes Demand
Players exhibiting prominence in the global
biopesticides market include Monsanta, BioWorks, Inc., AgriChem,
Nufarm Agricultural Products, FMC Corporation, Syngenta, and Certis
USA L.L.C., finds Transparency Market Research (TMR). The presence of
robust sales and promotional channels in various countries help the
top players cement their position in the global market, with many
seeking to gain small shares in various regional markets in the
coming years. In these regions, the entry of new players at the local
scale is likely to make the landscape more fragmented over the years.
Furthermore, new entrants may pose a threat to established players.
Several players are also focusing on innovations in various product
categories to stay ahead of their competitors.
The global biopesticides market was worth US$3.3 billion in 2017 and
the opportunity in the market is projected to surge to a valuation of
US$9.5 billion by 2025. The market is anticipated to rise at an
impressive CAGR of 13.9% during the forecast period 2017–2025.
The key product types are plant-incorporated protectants (PIPs),
bionematicides, biofungicides, bioherbicides, and bioinsecticides. Of
these, bioherbicides accounted for the leading shares in 2016 and is
expected to hold its dominance in the global market throughout the
assessment period. Their widespread uptake in major regional markets,
notably parts of Europe and North America, is likely to keep the
segment at the forefront.
Regionally, North America is projected to lead the pack by
contributing leading revenue in the global market throughout the
forecast timeline. This regional market is expected to touch a
valuation of US$3,667.5 million by 2025 end. Howbeit, Europe and Asia
Pacific are expected to be potentially lucrative markets likely to
present lucrative growth prospects in the coming years. In
particular, in Asia Pacific substantial governmental efforts to adopt
sustainable and eco-friendly methods of production in agriculture are
aiding in the rapid expansion of the regional market.
Request a sample of Global Biopesticides Market:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=116
Eco-Friendly
Methods for Improving Crop Yields Drive Global Demand
The global drive for biopesticides stems from the need for
sustainable methods for improving the crop yields in a rapidly
shrinking area of arable land in various parts of the world. The
staggering rise in global food demand to feed a burgeoning worldwide
population is a noteworthy factor bolstering the demand for
eco-friendly pest management practices. In recent years, the use of
biopesticides has garnered wide success in crop protection systems in
several developed economies. Their use are increasingly preferred
over conventional pesticides and chemicals in the global agricultural
practices as a part of integrated pest management in a number of
industrialized nations.
The rising adoption of eco-friendly practices in agricultural inputs
is bolstering the demand for biopesticides. Derived from living
micro-organisms or natural substances, biopesticides offer several
attractive advantages such as targeted activity, sustainable crop
protection, and higher efficacy of action on pest populations. There
is substantially rising government efforts in a number of developed
nations to make the crop protection more sustainable. This is
supported by initiatives to discourage the injudicious use of
chemical pesticides causing adverse effect on human health and the
ecology. The resurgence of pest caused by indiscriminate use of
synthetic chemical pesticides is another worrying concern stoking the
demand for biopesticides in emerging and developed economies.
Relentless research and development activities in developed regions
to realize the potential of biopesticides bodes well for the overall
market.
Marked Efficacy
in Bolstering Fruit Production Open Lucrative Prospects
Several countries in Southeast Asia, notably China and India, are
exploring the potential of biopesticides as a part of alternative
pest management practices to minimize the adverse environmental
effects of agricultural expansions. This is a notable trend
accentuating the regional market.
However, the limited awareness about the use of biopesticides,
especially in less developed regions, is expected to cripple the
growth of the market to an extent. Nevertheless, the rising adoption
of eco-friendly agricultural inputs to maximize crop yields will
boost the global market. Furthermore, a rapidly rising fruit
production in Europe and North America and the notable efficacy of
biopesticides in food crops will fortify their uptake in agricultural
practices. The intensive government support in key economies of these
regions to encourage the use of biopesticides over broad-spectrum
chemical pesticides will also unlock exciting prospects for market
players.
The study presented here is based on a report by Transparency Market
Research (TMR) titled “Biopesticides Market (Product -
Bioinsecticides, Biofungicides, Bioherbcides, Bionematicides and PIP;
Application - Cereals and Grains, Oilseeds and Pulses, Fruits and
Vegetables, Nurseries, and Turf) - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2017 – 2025.”
About Us
Transparency Market Research (TMR) is a market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants,
use proprietary data sources and various tools and techniques to
gather, and analyze information. Our business offerings represent the
latest and the most reliable information indispensable for businesses
to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such
as pharmaceuticals, chemicals, energy, food & beverages,
semiconductors, med-devices, consumer goods and technology. These
reports provide in-depth analysis and deep segmentation to possible
micro levels. With wider scope and stratified research methodology,
TMR’s syndicated reports strive to provide clients to serve their
overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Comments
Post a Comment