DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/t9w6g5/global_bio) has announced the addition of the "Global Bio pesticides Market - By Product Type, Crop Type, Active Ingredient, Application, Regions and Vendors - Market Size, Demand Forecasts, Industry Trends and Updates, Supplier Market Shares (2014- 2020)" report to their offering.
The global market for biopesticides was valued at $2.11 Billion in 2014 and is estimated to reach $ 5.15 Billion by 2020, at a CAGR of 16.1% for the forecasted period.
North America leads this market in 2014. On the other hand, Europe is would be the fastest growing market during the forecasted period owing to severe policies and regulations on pesticides and increasing demand for organic related products.
Asia Pacific is expected to be one of the prospective markets for biopesticides growth. Asia-Pacific accounts around 30% total land available on earth and 60% of total world population.
Growth by End Use Industry:
Growth of biopesticides is expected to be more than that of chemical pesticides, with CAGR of more than 15% for the forecasted period. Field crops and oilseed crops are the rising crop segments in the industry owing to the increasing oil prices and tremendous growth in population.
Drivers vs. Constraints:
Factors like growth in the organic food market and relatively easier registration in comparison to chemicals pesticides are driving the market, since organic industry is dependent upon the chemical-free crop protection products to defend the crops. Added to this, factors such as increased availability, toxicity of crop protection products, new product offerings, advent of new pests, environment friendliness, and innovative production practices are increasing the market for biopesticides, globally.
However, on the other hand, factors such as lack of knowledge to the farmers regarding the benefits of biopesticides usage and unwillingness among them to change the existing chemical crop protection practices are limiting the growth of this market.
The industry is highly fragmented with top 40 companies accounting to 50% of the market share. Added to this, companies like Bayer Crop Science are entering into the industry through acquiring already existing companies. A total of 30 mergers and acquisitions happened in the year 2013 indicating that the industry is shifting towards consolidation.
Key Topics Covered:
1. Our Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Bio Pesticides Market Segmentation, Forecasts and Trends - by Revenue
6. Global Vendor Market Share Analysis
7. Competitive Intelligence - Company Profiles
8. Investment Scenario
9. Bio Pesticides market - Road Ahead
- Agbitech Pty Limited
- Agraquest Inc
- Andermatt Biocontrol Ag
- Bayer Ag
- Becker Underwood Inc.
- Biocare (India) Pvt. Ltd
- Bioworks Inc.
- Camson Bio Technologies Limited
- Certis Usa Llc
- Growth Products Limited
- Hebei Veyong Bio-Chemical Co. Limited
- Som Phytopharma (India) Limited
- Valent BioSciences
For more information visit http://www.researchandmarkets.com/research/t9w6g5/global_bio