Published on : Jun 12, 2018
Albany, New York, June 12, 2018: There is growing belief that biopesticides can help address the alarming issues of food scarcity and food security arising worldwide. Presently, the use of new ranges of biopesticides in agriculture is spreading across the world. Market Research Hub (MRH) has publicized a fresh study titled “Biopesticides: Global Markets to 2022” to its huge online database, which presents the holistic outlook of the market covering market trends, factors along with industry growth prospects from 2012 to 2017, and forecast to 2025.
Geographically, the report also highlights opportunities in the adhesive market at the global and regional level. Prime regions underlined in the study are North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America; these are analyzed in terms of market revenue. According to the study key evaluations, the global synthetic and biopesticides market should reach a value $79.3 billion by 2022 from $61.2 billion in 2017 at a compound annual growth rate of 5.3% during 2017-2022.
According to the analyst findings, biopesticides represent a strong growth area in the global pesticide market. However, use of synthetic insecticide is projected to continue to drop, particularly with the increased use of GM seeds and pest resistance to common glyphosate products. It has been also analyzed that the future opportunity for companies operating in this sector lies in the increasing registrations of biopesticides in various regional markets. In terms of geography, Biopesticide market growth in the Americas is expected to occur primarily in Latin American countries, particularly Brazil and Argentina, while growth in the EMRA area is expected in the Eastern European region rather than the EU. The country-wise segmentation has been also offered to readers which reveals that China and India are the driving forces in the growth of biopesticides in the Asian region.
To elaborate further, the research has offered an overview of the pesticides covering synthetic and biopesticides, an overview of organic farming and production, a deep look at the industry structure, and sections on technology and patents. Moreover, the research has been deliberated on the basis of major segments based on the product type, crop type, and application. For each segment, the research offers a supply-and-demand scenario for the given forecast period. By product type, study includes Microbial Biopesticides and other. By crop type, it covers orchard and vegetable crop.
As the report concludes, the report also provides extensive competitive analysis and profiles of the principal companies in the industry, including Stockton Group, AMVAC Chemical Corp., Certis USA LLC, Koppert Biological Systems, Andermatt Biocontrol AG, and Valent Biosciences Corp.
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