Agriculture & Forestry Industry Market News

New report: Global biopesticides market forecast from 2017 to 2024

Agriculture Market Research

This New Version Global Biopesticides Market Research Report is a deep market research report in this Market Study Report. Report focused on global and regional market, major manufacturers, as well as the segment market details on different classifications and applications. First, this report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy and news.

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Bioinsecticides will witness CAGR over 6% up to 2024. Rising pests and insects attack levels due to continuous climatic changes coupled with increasing demand for organic pest control are the key driving factors of the industry growth.

Biopesticides Market size is estimated to exceed USD 2.5 billion by 2024; according to a new research report.

Crop loss trends and a strong policy structure against the use of synthetic counterparts will drive biopesticides market growth.

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Decrease in arable land, rising population and growing need for enhanced crop yields remain key factors fueling product penetration.

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U.S. biopesticides market generated over USD 550 million in 2016. Shifting preference towards organic food along with rising consumer awareness about health and environment will drive the demand.

Germany market will witness growth over 6% up to 2024. Government as well as institutional initiatives and promotions for product usage will positively influence the product demand in this region.

Shifting consumer preference towards organic and sustainable food accompanied by innovation in technology will drive industry growth. Bioherbicides market was valued more than USD 100 million in 2016.

Strong application potential due to usability timelines and efficient functioning will drive the product demand. Increasing necessity to improve farm productivity along with regulatory support are the key factors fueling the industry growth.

Lack of awareness among farmers along with large presence of recognized pesticide brands are factors restraining industry growth.

Foliar spray dominated the industry accounting for more than 75% of the overall demand in 2016. Increasing adoption of smart farming techniques coupled with extensive R&D will drive the industry.

Seed treatment applications were valued over USD 130 million in 2016. Disinfection of seeds for irradiating pathogens and improving seed performance are key benefits offered by the product.

Fruits & vegetables accounted for over 70% of the industry share in 2016. Rising awareness regarding nutritional values of food and healthy diet will support the product penetration in this segment.

Increasing demand for organic fruits & vegetables will drive the product demand in this segment.

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Ban on agrochemicals including paraquat and neonicotinoids along with petition to ban glyphosate will facilitate the biopesticides market penetration. Low R&D expenses, ease of registration, along with government subsidies will encourage industry growth over the forecast period.

Liquid biopesticides market will witness growth over 6.2% due to its relatively increased shelf life. Water-based formulations consist inert ingredients including stabilizers, surfactants, stickers, coloring agents, anti-freeze compounds, and additional nutrients.

Biopesticides market size from microbial sources was valued more than USD 1 billion in 2016. Microbial products are widely used in habitats, where chemical pesticides are prohibited including stream or lake borders, recreational areas and schools.

ADAMA, Dow, BASF, Syngenta, Bioworkers, Bayer, DuPont, Nufarm, Koppert, Futureco Bioscience and Valent BioSciences are major industry players.

Biopesticides market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD million from 2013 to 2024, for the following segments:

Biopesticides Market, By Product: Bioherbicides, Bioinsecticides, Biofungicides and Others

Biopesticides Market, By Application: Seed treatment, Foliar spray and Soil spray

Biopesticides Market, By Crop: Grains & oilseeds, Fruits & vegetables and Others

Biopesticides Market, By Form: Dry and Liquid

Biopesticides Market, By Source: Microbial, Biochemical, and Others

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