Global Bio Pesticide Market Is Anticipated to Double in the Next Five Years Owing to the Increasing Demand for Residue-Free Crop Produce
Advancements in technology coupled with consumer awareness for pesticide free products are driving the market for Biopesticides
Hyderabad, India -- (SBWire) -- 01/10/2018 --Bio-pesticides are eco-friendly pesticides which are obtained from naturally occurring substances (biochemicals), microbes and plants. Not all natural products are biopesticides. Some are chemical pesticides which act on the nervous system of the pest. The use of biopesticides agriculture and health, programmes can be beneficially affected. The biopesticides control diseases or pests through selective approach. These are replacing conventional pesticides from the market due to their non-toxic quality and target specific behavior.
The Global bio pesticide market is estimated to reach USD 6.77 billion by 2021 from USD 3.14 billion in 2016 at a CAGR of 16.6%. An eco-friendly alternative to chemical pesticides is biopesticides, which encompasses a broad array of microbial pesticides, biochemicals derived from micro-organisms and other natural sources, and processes involving the genetic incorporation of DNA into agricultural commodities that confer protection against pest damage. The interest in biopesticides is based on the disadvantages associated with chemical pesticides the stress on organic farming and on residue free commodities would certainly warrant increased adoption of biopesticides by the farmers. Biopesticides being target specific are presumed to be relatively safe to a non-target organism including humans.
Browse the complete report: Bio Pesticide Market by Crop Type (Permanent Crops, Arable Crops, Forage & Turf grasses, Greenhouse Crops) by Ingredients (Biochemical Pesticides, Plant Pesticides and Microbial Pesticides) by Microorganism's Type (Bioherbicides, Biofungicides, Bionematicides and Bioinsecticide), by Application (Seed Treatment, On Farm and Post-Harvest) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
Increasing demand for residue-free crop produce is one of the key drivers of the biopesticide market. Growing organic food market and easier registration than chemical pesticides are other important driving factors for the growing biopesticide market. North America dominated the global biopesticide market and accounted for about 40% of the global biopesticides owing to stringent pesticide regulations and increasing demand from organic producers, it is expected to be the fastest growing market. Asian market presents a good opportunity for bio pesticides as China and India adopt more bio pesticides.
Highly competitive, capital-intensive marketplace. The plethora of companies and products makes it hard for small biopesticide companies to stand out from amongst the others and it requires millions of dollars to properly conduct field trials and on-farm demonstrations, and develop marketing programmes. Most small biopesticide companies are and often skimp on field development and customer education. Biopesticides are not always perceived in a positive light. Risk-averse customer – no reason to change.Growers will try a new biopesticide product and compare it with their existing pest management programmes in demonstration trials on their farm. Conducting these demos is the best, if the not only way is to gain adoption.
According to ingredients, they are classified as plant pesticides ,biochemical pesticides, and microbial pesticides. On the basis of microorganism's type, they are segmented into bionematicides,biofungicides bioinsecticide and bioherbicides. Based on crop type the market is fragmented among permanent and areable crops along with forage & turf grasses and greenhouse crops. By application, the market is bifurcated into seed treatment, on farm and post-harvest application. Biofungicide and bionematicide segments are anticipated to witness highest growth in the global bio pesticide market.
The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America holds the largest share of the market due to rise in demand of organic foods, which depends upon chemical free products to safeguard the crops and human health. Asia-Pacific holds the second largest market share. The market is driven by remarkable advancement in biotechnology which has witnessed a new growth paradigm.
Global bio pesticide market is consolidated with the following major companies operating in the market, these are Parry America, Andermatt Biocontrol Ag, Marrone Bio Innovations Inc, Agbitech Pty Limited, Bioworks Inc., Som Phytopharma Limited, Camson Bio Technologies Limited, Hebei Veyong Bio-Chemical Co. Limited, Becker Underwood Inc., Agraquest Inc., Growth Products Limited, Valent Biosciences Corp, Biocare, Natural Industries and Novoenzymes A/S.
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