Biopesticides Market Growth & Research Globally to register highest growth by 2021

Zion Market Research has published a new market research report analysing the latest trends and developments in the global Biopesticides Market, titled “Biopesticides Market - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”.

Pesticides are ubiquitous, toxic and synthetic agents. It mainly kills or prevents pests present on plants and animals. The other functions of pesticides are crop protection, prevention of vector-borne diseases and preservation of food and materials. As of April 2016, there are around 299 registered biopesticides active ingredients and 1401 active biopesticides product registrations. Biopesticides target the organisms affecting the growth as compared to the conventional pesticides which are harmful for birds and other animals.

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Biopesticides can be applied using different formulations. They are mainly used as liquid solution or in dry form. The liquid solution can be directly sprayed on plants or in the soil whereas dry form can be thrown over the field. However, this formulation type solely depends on the crop type. Biopesticides are derived from the natural resources and can be mainly classified into three major groups such as biochemical pesticides, microbial pesticides and Plant-Incorporated-Protectants (PIPs) pesticides. Microbial pesticides are extensively used pesticides owing to their high effectiveness.

The report provides a comprehensive view on the biopesticides market. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the biopesticides market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.

Biopesticides are considered to be eco friendly and hence rising awareness for use of eco friendly products drives biopesticides market. Ample support and funding from the government for the use of eco friendly biopesticides further stimulates the growth of this market. Furthermore, increasing incidence of crop diseases coupled with growing demand for organic food fuels supports the demand for biopesticides. However, lack of awareness from the developing and underdeveloped regions may hinder the growth of the biopesticides market. Research and development expenditure for biopesticides is low as compared to the conventional pesticides. This factor may persuade the inventors to focus on the development of innovative products.

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The biopesticides market can be segmented on the basis of type, which includes biofungicides, bioinsecticides, bionematicides and bioherbicides. On basis of end user the biopesticides market can be segmented as fruits & vegetables, grains & oilseeds and others. Fruits, vegetables, grains and oilseeds are the most prominent segments due to high consumption of biopesticides. The biopesticides can be applied by means of soil treatment, post harvest, seed treatment, and foliar spray among others.

North America dominated the biopesticides market in 2015 followed by Europe owing to high use of organic products. Asia Pacific is expected to grow at the fastest pace and is likely to continue the traction in the forecast period. This growth is mainly attributed to rapidly developing agricultural sector and growing demand for eco friendly, organic products. Also, continuous demand for high productivity due huge population base and cost effective techniques in production of food further contribute to the market growth. Latin America is anticipated to experience decent growth over the coming years due to high growth in agricultural sector in Brazil. Middle East and Africa may show sustainable growth in the estimated period owing to rising living standards and abundant arable land for agriculture.

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Bayers CropScience Ag, Parry America, Inc, BASF SE, Monsanto Company, Certis USA L.L.C, Isagro S.p.A, Marrone Bio Innovations Inc. and The Dow Chemical Company are some of the major key players in the biopesticides market. Companies primarily focus on the extensive R&D for the development of innovative products in order to maintain their shares in the market.

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