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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