A recent report published by Infinium Global Research on the bio-pesticides market provides an in-depth analysis of segments and
sub-segments in the global as well as the regional bio-pesticides market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional bio-pesticides market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of the global bio-pesticides market. According to the report, the
global bio-pesticides market is projected to grow at a CAGR of 17.5% over the
forecast period of 2019-2025.
The demand for bio-pesticides is expected to grow
continuously. According to the EPA, there are 410 registered biopesticide
active ingredients. In 2017, nine new bio-pesticides and eight new uses were
registered. The companies such as BASF are continuously developing
biologicals-based solutions pest control applications in the growing
marketplace. The increasing global popularity of bio-pesticides in crop
protection compared with their synthetic counterparts is due to their lower
development cost, suitability for use in sustainable agriculture and as an
additional tool to manage resistance in integrated pest management schemes.
Globally increasing usage of environment-friendly pesticides
for crop production is expected to be the key factor driving the growth of the
bio-pesticides market. Furthermore, it also reduces the potential risk of
chronic poisoning caused by chemical insecticides among its applicants.
Moreover, it has minimal impact on the environment and is non-toxic to human
beings. Besides, the shifting trend towards organic foodstuff is also
anticipated to increase the demand for the bio-pesticides market. However, the
bio-pesticides application may be constrained because they may require several
applications to achieve adequate control of pests, thus restraining the growth
of the bio-pesticides market. Moreover, the advancements in the development of
bio-pesticides with improved efficiency for treating a different variety of
pests are expected to create lucrative opportunities for the growth of the
bio-pesticides market.
Among the regions, North America holds the dominant market
share in the global bio-insecticides market and is anticipated to maintain its
leading position throughout the forecast period. The factors attributing to the
growth of this region include the adoption of environmentally safe crop
protection products, increasing demand for organic foods and the presence of
several bio-pesticide manufacturing companies in this region. Furthermore, the
Asia-Pacific region is anticipated to grow at the highest CAGR during the
forecast period owing to the rising demand for food for the rapidly rising the population as well as the increasing adoption of bio-pesticides in agriculture.
The report on the global bio-pesticides market covers segments
such as product, and application. On the basis of product, the sub-markets
include bioinsecticides, biofungicides, bioherbicides, bionematicides, and
other products. On the basis of application, the sub-markets include cereals
& grains, oil seeds & pulses, fruits & vegetables, and other
applications.
The report provides profiles of the companies in the market
such as BASF SE, Syngenta AG, Bayer AG, DowDuPont, Inc., Marrone Bio
Innovations, Inc., Arysta LifeScience Corporation, Actagro LLC., AgBioChem
Inc., AgBiTech Pty Ltd., Biotech International Ltd., and Other Companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of bio-pesticides
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.
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