Developed world demands more of biopesticides
World market for Biopesticides is projected to reach US$3.4 billion by the year 2017. Growth will primarily be driven by growing environmental concerns and politically influenced regulatory riders imposing restrictions on the use of traditional products, such as, endosulfan, azinphosmethyl and methyl bromide. Most importantly, growing public awareness on the long-term impact of conventional toxic pesticides on human health and the huge hidden costs associated with it will drive consumer demand for food grown with natural or organic pesticide alternatives.
The US represent the largest biopesticides market worldwide followed by Europe. Asia-Pacific and Europe remain two of the fastest growing markets, each projected to grow at a CAGR of 14.2% and 16%, respectively, over the analysis period. The region offers great opportunity for the use and development of microbial biopesticides. Products based on Bacillus thuringiensis dominate the market. Market for nematode and microbial-based pesticides in the Asia-Pacific region increased noticeably during the past few years. Other major products in the market include fungal-based products such as Metarhizium, Beauveria and Trichoderma products; entomopathogenic viruses, mainly Spodoptera litura NPV and Helicoverpa armigera NPV; and other bacteria-based products such as Pseudomonas fluorescens, Bacillus subtilis, and other Bacillus derived products for plant disease prevention and Salmonella-based rat poison. China is the largest market for biopesticides in the region, followed by India and Japan.
This report analyzes the worldwide markets for Biopesticides in US$ Million. The report provides separate comprehensive analytics for the US, Canada, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2009 through 2017. Also, a six-year historic analysis is provided for these markets.
The report profiles 61 companies including many key and niche players such as AG Biotech Pty Ltd., AgraQuest, Inc., Amit Biotech Pvt., Ltd., Bion Tech, Inc., Certis USA LLC, Embrapa Milho E Sorgo, Greeneem, Isagro SpA, Kumiai Chemical Industry Co., Ltd., Prophyta GmbH, San Jacinto Environmental Supplies, Sumitomo Chemical Co., Ltd., Syngenta AG, Troy Biosciences, Inc., and Valent Biosciences Corporation. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain. Global Industry Analysts ©