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Biopesticides Market worth $6.77 Billion USD by 2023

 



(EuropeNewsWire.Net, August 08, 2018 ) Biopesticides are substances derived from naturally occurring materials like plants (plant-incorporated protectants or PIP’s), micro-organisms (microbial pesticides) and certain minerals (biochemical pesticides). The biopesticides 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 biopesticides 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 advantageous for farmers as well as for the environment. They are usually inherently less toxic than conventional biopesticides, 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.



This market growth is driven by 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 biopesticides. Unawareness of farmers regarding the benefits of biopesticides and also their reluctance to change from the existing practices of chemical pesticides are restraining the growth of the market.



According to ingredients, they are classified as biochemical pesticides, plant pesticides and microbial pesticides. On the basis of microorganism’s type, they are segmented into bioherbicides, biofungicides, bionematicides and bioinsecticide. Based on crop type the market is fragmented among permanent and arable crops along with forage & turf grasses and greenhouse crops. By application, the market is bifurcated into seed treatment, on farm and post-harvest application. Biofungicide and bionematicide segments are anticipated to witness highest growth in the global biopesticide market.



Market Segmentation:

• By Crop Type

• By Ingredients

• By Microorganism's Type

• By Application



Strategic Analysis

• PESTLE analysis

• Porter’s Five analysis



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.



Free sample available here: https://www.marketdataforecast.com/market-reports/484/request-sample



Global Biopesticide 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.



Contact Info:

Name: Mr Abhishek Shukla

Email: abhishek@marketdataforecast.com

Organization: MarketDataForecast™

Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.

Phone: +1-888-702-9626



Market Data Forecast.

Abhishek Shukla

+1-888-702-9626

abhishek@marketdataforecast.com

Source: EmailWire.Com
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