The Global biopesticides market generated revenue of $2690 Million in 2016 and is anticipated to contribute $15122 Million by 2025, growing at a CAGR of 21.2%. Various reasons for growth of the biopesticide market are increasing demand for organic food, awareness about harmful effect of chemical pesticides, novel products, easy decomposability and advent of new kind of pests.
Biopesticides are organic biological agents that are used to control harmful organisms, like pests and weeds. Bioinsectides are organic formulations that are used for management of insects that attack crops. Biofungicides are formulations of microorganisms, mostly bacteria and fungi that are used to control plant pathogens. Bionematicide is a formulation of bacteria and fungi that is used to manage crop infestation by nematodes.
Biopesticides are very specific in nature in that they have high host specificity and are biodegradable. These are required in very small quantities and offer less exposure and decompose quickly without leaving too much of a trace and allow field re-entry almost immediately after application.
Market drivers for biopesticides are need for environment friendly pesticides, growth in demand for organic food, awareness about chemical pesticides after effects, stringent environment regulations, quick decomposition and advent of new kind of pests.
Factors that will restrain market growth are knowledge and understanding required for application of biopesticides, lack of awareness and time taken for these biopesticides to be effective.
- BASF SE
- Bayer Cropscience AG
- Bioworks Inc.
- Certis USA
- Isagro SPA
- Koppert Biological Systems
Key Topics Covered:
1. Research Scope
2. Research Methodology
4. Global Biopesticide Market By Product Type
5. Global Biopesticide Market By Crop Type
6. Global Biopesticides Market By Ingredients
7. Global Biopesticide Market By End Users
8. Key Analytical Findings
9. Geographic Analysis
10. Companies Profile
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