Asia Pacific Biopesticides Market will witness significant growth due to increasing investment from several multinational companies, advancement in biotechnology, demand for organic food and improving farming practices.
Germany Biopesticides Market is set achieve lucrative growth during the forecast period. Government as well as institutional initiatives and promotions for product usage will positively influence the product demand in this region. 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.
North America biopesticides market accounted for over 35% of the industry share in 2016. Rising consumer awareness about organic pesticides along with increasing population will propel the industry growth. High adoption of advanced agricultural practices coupled with changing climatic conditions are the key factors fueling the revenue growth.
Various regulatory organizations across the globe have kickstarted research and development programs with an aim to develop advanced technology. Denmark, for instance, has commenced the Green Growth policy, which provides financial support to the developers to invent new plant protection items. Numerous EU countries have been launching such national programs to promote consumption of bio-products. On these grounds, Europe biopesticides market will collect substantial revenue with an annual growth of more than 6.2% over the coming seven years.
Inclination towards sustainable farming practices to improve crop yield will propel the biopesticides market. Moreover, presence of beneficial microorganisms that are less vulnerable to genetic variations will enhance the crop yield. Technological advancement in the farming practices with adoption of innovative products will trigger the demand.
Fruits & vegetables accounted for around 70% of the total industry revenue. Increasing product benefits including enhanced yield, low disease occurrences and improved crop quality will enhance the product scope for fruits & vegetables. Development in the agricultural practices to provide better color, and increased sugar content in fruits & vegetables is expected to encourage the industry growth.
Increasing population along with reducing arable land globally are the key factors fueling the biopesticides market growth. Strong regulatory compliance for organic pesticides along with high efficiency are projected to fuel the product demand. High availability of the chemical pesticides with superior effectiveness and quick result properties are the major restraints of the biopesticides industry.
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Glimpse of Table of Content (ToC)
Chapter 4. Biopesticides industry, By Product
4.1. industry share by product, 2016 & 2024
4.2.1. Market estimates and forecast, 2013 – 2024
4.3.1. Market estimates and forecast, 2013 – 2024
4.4.1 Market estimates and forecast, 2013 – 2024
4.5.1. Market estimates and forecast, 2013 – 2024
Chapter 5. Biopesticides industry Insights, By Application
5.1. market share by application, 2016 & 2024
5.2. Seed treatment
5.2.1. Market estimates and forecast, 2013 – 2024
5.3. Foliar spray
5.3.1. Market estimates and forecast, 2013 – 2024
5.4. Soil spray
5.4.1. Market estimates and forecast, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/biopesticides-market
Industry giants are investing intensively in R&D activities to modify the farming techniques, which will favorably stimulate biopesticides industry share. BioWorks Inc., Syngenta, BASF, Bayer, DuPont, Stoller, Koppert, ADAMA Agricultural Solutions, Valent BioSciences Corporation, Dow, Futureco Bioscience, and Nufarm Limited are few of the key participants in biopesticides industry.