DUBLIN--(BUSINESS WIRE)--The "Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bioherbicides, Bionematicides), Source (Microbes, Biochemicals, Beneficial Insects), Mode of Application, Formulation, Crop Type, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The Biopesticides Market is Projected to Reach USD 6.60 Billion By 2022, from USD 3.22 Billion in 2017, at a CAGR of 15.43%
The global biopesticides market is driven by factors such as growth in demand for organic food, increase in resistance in pests, integrated pest management (IPM) measures, and promotion by government agencies. However, the biopesticides market needs to overcome important barriers, such as the need for improvement of formulations.
The microbes segment, on the basis of source, is projected to grow at the highest rate during the forecast period. This segment also dominated the global biopesticides market in 2016. Microbial biopesticides are multifunctional, they control of a wide variety of pests, and improve soil quality & health, plant growth, and yield.
The market for the use of biopesticides in fruit & vegetable cultivation dominated the global market in 2016. Fruits & vegetables are mostly eaten without industrial processing; the concerns regarding pesticide residue is hence higher in such crops as compared to that in other crop types that are not consumed in their raw form. Thus, biopesticides are most prominently used in the production of fruits & vegetables.
The North American market for biopesticides is driven by the simple registration process, increasing consumer preference for organic products, and growing consumer awareness about the ill-effects of synthetic pesticides on human health. The market for biopesticides in the European region is projected to grow at the highest CAGR from 2017 to 2022. The ban on the use of neonicotinoids, glyphosate, and paraquat is expected to drive the growth of the European biopesticides industry.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Biopesticides Market, By Type
7 Biopesticides Market, By Source
8 Biopesticides Market, By Mode of Application
9 Biopesticides Market, By Formulation
10 Biopesticides Market, By Crop
11 Biopesticides Market, By Region
12 Competitive Landscape
13 Company Profiles
- Arysta Lifescience
- Camson Bio Technologies
- Marrone Bio Innovations
- Monsanto BioAg
- StocKTon Group
- Valent Biosciences
For more information about this report visit https://www.researchandmarkets.com/research/tncq6h/6_6_bn?w=4