+1-888-308-5802     
News Contact Us

U.S. Biopesticides Market To Exhibit Phenomenal Growth Over 2024

Author : Ronak Bora | Published Date : 2019-07-03 

U.S. biopesticides market generated over USD 550 million in 2016. Shifting preference towards organic food along with rising consumer awareness about health and environment will drive the demand. Germany market will witness growth over 6% up to 2024. Government as well as institutional initiatives and promotions for product usage will positively influence the product demand in this region.

Biopesticides market is poised to witness significant gains with the escalating demand for healthy crop generation. The industry has been evolving at a rapid pace, which is quite evident from the growing consumer preferences for organic food and demand for eco-friendly crop protection pesticides. Another prominent driver influencing global biopesticides market growth is the declining availability of arable land. This has encouraged the farming sector to use more eco-friendly pesticides over chemicals, as the carbamate, organophosphorus, and halogenate present in chemical pesticides can lead to land and water contamination. In addition, the enforcement of strong policies against the use of synthetic pesticides has also widened the acceptance of biopesticides and given a positive push to biopesticides industry share. As per a report by Global Market Insights, Inc., global biopesticides market size stood at USD 1.8 billion in 2016 and is projected to surpass a revenue generation of over USD 2.5 billion by 2024.

Request for a sample of this research report @  https://www.gminsights.com/request-sample/detail/1340

Accounting for more than 35% of the global industry share, North America biopesticides market is set to witness profitable growth prospects over the coming seven years. Strict norms and regulations toward food safety and higher demand for organic food has contributed to the regional market expansion. U.S. is one of the leading countries involved in fortifying the regional biopesticides industry share, having generated a revenue of USD 550 million in 2016.

Several countries are adopting stringent approaches, when it comes to using synthetic pesticides. Regional governments have been laying a ban on several toxic pesticides which are harmful for consumers and the environment as well. To promote the consumption of bio-based products over synthetic counterparts many European countries have initiated national programs. One such initiative called “Ecophyto 2018” was commenced by France with an aim to reduce the use of synthetic pesticides to 50% by 2018. Another country following the trail is Denmark, which initiated the scheme called “Green Growth”. This scheme apparently offers financial help to develop eco-friendly alternatives for plant protection, which can help in cutting down the use of chemical pesticides.

The research and development activities with regards to biopesticides are steadily improving, thereby contributing toward the development of effective products. Speaking of which, bioinsectides, biofungicides, and bioherbicides are the three main product categories within the biopesticides market. These products are becoming increasingly popular among the farmers as they promote sustainable agriculture. Bioinsectides contain living bacteria that cause stomach poison among the insects and thus raze them off the crops. Continuous climate changes have led to a high demand for bioinsectides, owing to which biopesticides market share from bioinsecticides is projected to grow at an annual rate of 6% over 2017-2024.

Microbial sources of biopesticides is gaining considerable traction as they are safe to use in all the stages of plant growth and are non-toxic. On that note, fungi, viruses, bacteria, yeast, and protozoa are the various microbial sources which are used in biopesticides.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1340

Biopesticides come in both liquid and dry formulations. The liquid formulation is estimated to be the fastest growing market at a rate of 6.2% over 2017-2024, owing to the products’ increased shelf life and ease of storage.

Fruits & vegetables, in 2016, was one of the prominent segments, contributing to 70% of the overall biopesticides industry revenue. Owing to consumers demanding better crop safety, biopesticides are heavily used in organic farming. Moreover, consumers today also demand pesticide-free fruits and vegetables to avoid any food contamination and food related disorders, which will spur biopesticides industry growth from fruits & vegetables. Furthermore, the non-toxic nature and high crop yield properties of bio-controlled pesticides have generated a bigger market for the seed treatment application, which generated a valuation of over USD 130 million in 2016. Foliar spray is another application segment expected to boost biopesticides industry growth. This segment contributed to more than 75% of industry share in 2016 and is anticipated to exhibit a lucrative growth path.

The rising population and the resultant rise in food demand has made crop protection a multi-billion-dollar industry.  However, biopesticides market is at a very nascent stage strongly competing with the well-established synthetic pesticides companies. Key industry participants within biopesticides industry include ADAMA Agricultural Solutions, DuPont, Syngenta, Dow Chemical, Koppert, Valent BioSciences Corporation, BASF, Nufarm Limited, Valent BioSciences Corporation, Bioworkers Inc., Bayer Cropscience Limited, and Futureco Bioscience.

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Web: https://www.gminsights.com

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Asia Pacific Recyclable Thermosets Market Size 2025 Will Witness Tremendous Growth Via Plastic Production

Published Date: 2019-07-17         Author: Ronak Bora

Recyclable thermosets market Asia Pacific thermoset market size was the largest and is also expected to witness highest gains at over 11% up to 2023 owing to growth of end-use industries such as automobile and construction. North America is expected to witness significant gains at over 10% from 2016... Read More

Asia Pacific Phosphate Fertilizers Market Size To Register Extensive Growth Up to 2025

Published Date: 2019-07-17         Author: Ronak Bora

Asia Pacific phosphate fertilizer market size was dominant and accounted for more than 55% total demand in 2015. China was major producer and is anticipated to add production capacities over the forecast period owing to rise in crop demand. North America accounted for over 25% in 2015. Latin America... Read More

North America Leather Chemicals Market Size To Procure Substantial Returns From Footwear Applications

Published Date: 2019-07-17         Author: Ronak Bora

Speaking of shoes, footwear applications dominated the overall leather chemicals market in 2016 with a contribution of more than 50%, and is expected to grow significantly over the years ahead, owing to enhanced consumer lifestyles, high demand for worker safety in manufacturing industries, and the ... Read More

© 2019 Fractovia. All Rights Reserved