DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Bioinsecticides Market - Growth, Trends And Forecasts (2016 - 2021)" report to their offering.
Worldwide, the pesticides industry has been witnessing a relatively steady growth, which has been primarily attributed to advancements in the Biopesticides industry. The value market for Bioinsecticides is forecast to exhibit a 2015-2020 CAGR of 7.94% in reaching a projected to reach USD 774.15 million by 2020.
While the prevalence of chemical or synthetic pesticides in crop protection would continue, human, animal and environmental health concerns would play key roles in driving growth for Biopesticides. Though agricultural productivity has been largely dependent on synthetic insecticides, they come with their own set of shortcomings, such as being expensive, not being foolproof, tendency to accumulate in the environment and pollute waterways and being non-species specific, implying that their use can also harm non-target organisms.Thus,the high specificity of Bioinsecticides towards pest, will drive the market. However, the need to use different Bioinsecticides for different pests apart from frequent reapplication instituted due to low life span will increase the cost sentiment among the growers, and in turn proving to be a constraint.
The future opportunity for the companies lies in increasing registrations of Biopesticides in various regional markets. As EPA requires less data and provides a simpler registration process, with the registration process completing with a year when compared to three year tenure for synthetic pesticides; more companies should take a voluntary step towards increasing the biopesticide portfolio. Also, increasing awareness on the products advantages among the growers community along with ease of access will further grow the market.
- Bioworks, Inc.
- Bayer Cropscience Ag
- Marrone BioInnovations
- Certis LLC
- Isagro Spa
- Novozyme biologicals
- Valent Biosciences Corporation
Koppert Biological systems
Key Topics Covered:
2. Key Findings of the Study
3. Market Overview
4. Market Dynamics
5. Market Segmentation
For more information about this report visit http://www.researchandmarkets.com/research/kzts22/global