Global Bio Pesticides Market Share, Size, Trends, Growth and Forecast
The global biopesticides market stood at $ 2.45 billion in 2016 and it is projected to reach $ 11.3 billion by 2026, exhibiting an aggressive CAGR of more than 16% during the outlook period.
The growth in the global biopesticides market is expected on account of various promotional activities carried out by government agencies and groups to replace hazardous and expensive synthetic pesticides with environment-friendly and inexpensive substitutes. In addition to this, increasing food security issues across the globe due to population outbursts are further supporting the demand for biopesticides in developing as well as developed nations.
Major agrarian economies such as India, Brazil, etc., are extensively adopting sustainable crop protection products and pesticides in their farming methods, which is anticipated to drive the global biopesticides market over the coming years.
Years considered for this report:
Historical Years: 2012 - 2015
Base Year: 2016
Estimated Year: 2017
Forecast Period: 2018 - 2026
The objective of the Study:
- To outline, classify and estimate the global bio-pesticides market on the basis of origin, formulation, type, application, crop type, and regional distribution.
- To study and forecast the global market size of biopesticides, in terms of value and volume.
- To project the size of the biopesticides market, in terms of value and volume, with respect to key types such as bioinsecticides, bio fungicides, bioherbicides, and others.
- To understand the regional market structure of biopesticides. The global biopesticides market is segmented into five regions, namely – Asia-Pacific, North America, Europe, Middle East & Africa, and South America.
- To identify detailed information about the prime factors affecting the global biopesticides market.
- To identify major drivers, challenges, and trends for the global bio-pesticides market.
- To identify and profile major companies in the global bio-pesticides market.
Some of the major players operating in the global biopesticides market are Bayer AG, BASF AG, Sumitomo Chemical, Syngenta, Monsanto Company, Marrone Bio Innovations, Certis USA, Isagro, Novozymes A/S, Arysta Life Science, and Marrone Bio Innovations.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading bio pesticides manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, manufacturing plant location, prices of products, and competitors.
Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the types, crop types, applications, origin, formulations, distribution network and regional presence of all the major bio -pesticides manufacturers across the globe.
Key Target Audience:
- Biopesticides manufacturers and suppliers
- End users of biopesticides
- Associations, organizations, forums, and alliances related to biopesticides government bodies such as regulating authorities and policymakers
- Research organizations and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, distributors, dealers, etc. to identify which market segments should be targeted over the coming years (next two to five years) to strategize investments and capitalize on the growth opportunities.
