(Australia-NewsWire.Com, May 01, 2017 ) According to the report published by Market Data Forecast named “Middle-East and Africa Bio Pesticides Market” which estimates market to grow from $0.22 billion from 2016 to $0.48 billion by 2021 with a CAGR of 16.82% in the forecast period 2016-2021.
Biopesticides are pest management agents and chemicals derived from natural sources such as bacteria, fungi, viruses, plants, animals and minerals. Also known as biological pesticides, they can provide an alternative to synthetic chemicals used to control pest populations in crop production and other settings. Biopesticides are seen as less toxic than other pesticides ,as bio pesticides target only specific pests which are needed to be destroyed but the conventional pesticides can even harm birds, animals or even human beings.
Biopesticides are beneficial to farmers as they are cheap and effective and leave no harmful residue. They can reduce the use of conventional pesticide and therefore reduce toxicity with high yield. There is a rise in demand in South Africa region. Bio-Pesticides products are dominant in Africa and the Middle East; taking 77% of the overall microbial bio pesticide market
The market growth factors are high prevalence of crop diseases and the rising demand for organic pesticides both in developed and developing region .Another major factor leading to the growth of this market is environmental human and animal concern which will play a key role in market growth.
The biopesticides are based on different crop, microorganism type, ingredient and application. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Based on geography the market is segmented into Middle-East and Africa. South Africa and Kenya, growth is occurring and, overall, the market is on the increase.
Leading companies in this region are Parry America, Andermatt Biocontrol Ag, Marrone Bio Innovations Inc., Agbitech Pty Limited, Bioworks Inc., Som Phytopharma Limited, Camson Bio Technologies Limited, Hebei Veyong Bio-Chemical Co. Limited, Becker Underwood Inc., Agraquest Inc., Growth Products Limited, Valent Biosciences Corp, Biocare, Natural Industries and Novoenzymes A/S. .
Scope of the Middle-East and Africa Bio-Pesticides Market:
• Regional and country-level analysis that provides an innate perspective of Middle-East and African regional Markets.
• To detect major focus areas of industrial growth Segment-level analysis on basis of type, products, application and end-user along with market size forecasts and y-o-y estimations are provided
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
• An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
• Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
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