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What's driving the Biopesticides Market Growth? Prominent Players: Bayer Crop Science, BASF, DowDuPont

06-18-2019 02:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fortune Business Insights

What's driving the Biopesticides Market Growth? Prominent

Increasing practice of organic farming will enable growth in the global biopesticides market. Fortune Business Insights, recently published a report, titled “Biopesticides Market Size, Share and Global Trend By Product Type (Bioinsecticides, Biofungicides, Bionematicides) Source (Microbials, Biochemicals) Mode of Application (Foliar Application, Seed Treatment, Soil Treatment) Crops (Cereals, Oilseeds, Fruits & Vegetables) and Geography Forecast till 2025.”

Get PDF Brochure of this Report@ https://www.fortunebusinessinsights.com/enquiry/sample/biopesticides-market-100073

According to the report, the global biopesticides market was worth US$ 3.36 Bn in 2017. Additionally, the global market is foreseen to progress at a remarkable CAGR of 14.93% and reach US$ 10.19 Bn by the end of 2025. The report classifies the global biopesticides market in terms of various segments.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• Bayer Crop Science
• BASF
• DowDuPont
• Marrone Bio Innovations
• Koppert Biological Systems US
• Valent BioSciences
• BioWorks Inc.
• Isagro S.p.A.

As per the report, the biopesticides market in North America was valued at US$ 1.27 Bn in 2017. Following North America, Europe is the second-leading region in the global market. The regions are expected to continue enjoying a stronghold in the global biopesticides market through the forecast period. Governments in North America and Europe has implemented stringent regulations to curb the consumption of chemical pesticides in order to prevent damaging environment. This is a key factor aiding the growth of the market in these regions. This is likely to enable the global biopesticides market exhibit an impressive CAGR in the coming years.

On the flipside, the biopesticides market in Asia Pacific and South America currently hold relatively a slower share in the global market. However, these regions are expected to witness impressive growth during the forecast period. Rapid technological advancements in emerging nations will support the expansion of the biopesticides market in Asia Pacific and South America.

Increasing Consumption of Organic Food to Drive Market

Some of the factors anticipated to drive the global biopesticides market during the forecast period are rising awareness regarding benefits of consuming organic food and intense research and development by start-ups on active ingredients of biopesticides.

As per the Research Institute of Organic Culture (a leading research and information center for organic farming) in 2015, 50.9 Mn hectares of agricultural land was used for organic farming. The rising practice of organic farming is expected to fuel the demand for biopesticides.

Request Customization of this Report@ https://www.fortunebusinessinsights.com/enquiry/customization/biopesticides-market-100073

On the contrary, high cost associated with biopesticides as against the lower price and easy availability of synthetic pesticides may hamper the growth in the global biopesticides market during the forecast period.

In terms of type, bioinsecticides and biofungicides were the leading segments in the global biopesticides market in 2017. Together the segments accounted for 92-95% of the global market in 2017. These segments are expected to witness impressive growth during the forecast period as well. This is will in turn augur well for the global biopesticides market.

In terms of source, microbial was the leading segment in the global bio pesticides market. The segment is also expected to witness impressive growth during the forecast period. Microbial-based pesticides are popular to protect crops from various plant pathogens among various cultivation environments. This is expected to propel demand in the global biopesticides market.

About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
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