LONDON, Nov. 13, 2017 (GLOBE NEWSWIRE) -- The biopesticides market will grow at a CAGR of 16.3% during the forecast period to reach USD 7,626.3 million by 2022, driven by the increasing investment from leading crop protection companies in biopesticides market, growing awareness about environmental safety with the use of biopesticides, increasing organic farming and demand for organic food, and rising government initiatives to promote the use of biopesticides across the globe.
Geographically, the global biopesticides market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America commanded the largest share in the global biopesticides market in 2016, followed by Europe, and Asia-Pacific region. The major share of the North American region is mainly attributed to the rising concern over harmful chemicals on environment, increasing demand for organic food, and its most streamlined registration process. However, Asia-pacific region is projected to show lucrative growth potential for the biopesticides market during the analysis period. The growth in the Asia-pacific region is attributed to the increasing demand for organic food production, high prevalence of crop diseases, and government initiatives to develop and increase application of biopesticides in the region.
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The leading companies have employed various strategies to expand their product & application offerings, global footprint, and augment their market share. The leading players in the global biopesticides market are BASF SE, Bayer CropScience AG, Marrone Bio Innovation, Certis USA L.L.C., The Dow Chemical Company, Monsanto Company (Part of Bayer), Isagro S.P.A., Camson Bio Technologies Limited, Andermatt Biocontol AG, Som Phytopharma India Limited, Syngenta, International Panaacea Ltd, The Stockton Group, BioWorks, Inc., Novozymes, Inc., Koppert B.V., W. Neudorff GMBH KG, Invivo Agrosciences, Valent U.S.A. LLC, and FMC Corporation.
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Scope:
Biopesticides Market, by Type
- Bioinsecticide
- Bioherbicide
- Biofungicide
- Bionematicide
Biopesticides Market, by Application
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Root Treatment
- Post-Harvest
Biopesticides Market, by Formulation
- Liquid Formulation
- Dry Formulation
Biopesticides Market, by Origin
- Microbial
- Biochemical
- Plant Incorporated Protectant
Biopesticides Market, by Crop Type
- Fruits and Vegetables
- Grains, Cereals, and Oilseeds
- Other Crops
Biopesticides Market, by Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Spain
- Italy
- U.K.
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- RoW
- Latin America
- Brazil
- Argentina
- Chile
- RoLATAM
- Latin America
- Middle East & Africa
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