(Australia-NewsWire.Com, June 07, 2017 ) According to the report Global Bio Pesticide Market, published by Market Data Forecast, the global market is projected to reach USD 6.77 billion by 2021, at a CAGR of 16.6% from 2016 to 2021.
Bio Pesticide Market Growth are substances derived from naturally occurring materials like plants (plant-incorporated protectants or PIPs), micro-organisms (microbial pesticides) and certain minerals (biochemical pesticides). The bio pesticides control diseases or pests through broad spectrum approach and even through selective approach. These are replacing conventional pesticides from the market due to their non-toxic quality and target specific behaviour. 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.
Bio pesticides are advantageous for farmers as well as for the environment. They are usually inherently less toxic than conventional bio pesticides, they are comparatively cheaper and effective, decomposes well without leaving any harmful residues, have substantially nullified impact on non-targeted species and can greatly reduce the use of conventional pesticides with high yield. Biofungicide and bionematicide segments are anticipated to witness highest growth in the global bio pesticide market.
The factors affecting the Global Market for Bio Pesticide Market, either positively or negatively are presented in the DROC analysis. Some of the things discussed in the section are the high prevalence of crop diseases and rising demand for organic both in both developed and developing regions. Various research centers all around the world are taking initiatives to improve techniques for the augmentation and application of bio pesticides. Unawareness of farmers regarding the benefits of bio pesticides and also their reluctance to change from the existing practices of chemical pesticides are restraining the growth of the market.
The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America holds the largest share of the market due to rise in demand of organic foods, which depends upon chemical free products to safeguard the crops and human health. Asia-Pacific holds the second largest market share. The market is driven by remarkable advancement in biotechnology which has witnessed a new growth paradigm. For more of regional analysis check out the following reports.
North America Bio Pesticide Market
Europe Bio Pesticide Market
Asia-Pacific Bio Pesticide Market
Latin America Bio Pesticide Market
Middle East and Africa Bio Pesticide Market
Global bio pesticide market is consolidated with the following major companies operating in the market, these 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.
The Global Bio Pesticide Market study offers the following deliverables:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
Segment-level analysis on basis of type, application, end-user along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key 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
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.