Home » Chemicals » Biopesticides Market Research – Likely To Register A CAGR Of 16 Percent In Future

Biopesticides are materials that occur naturally and minimize the growth of pests. They are even known as biochemical pesticides. They also consist of microbial pesticides and pesticidal materials generated by plants. Biopesticides are simple to use and bio-friendly. They are preferred over chemical pesticides owing to the dangers the latter pose on ecology.

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Escalating ecological apprehensions and harsh polices of governments with respect to injurious effects of biopesticides open new development prospects for less poisonous biopesticides. Growing consciousness regarding health is leading people to consume organic food. This factor drives further demand for the biopesticides market.

Additionally, growing awareness towards organic advantages and governmental motivation towards using organic products also add revenue to the biopesticides market. The market is undergoing increased demand for effective and safe biopesticides. However, expansion of this market in some regions of the world is hampered owing to less awareness regarding biopesticides, well established markets of chemical pesticides and disproportionate effectivity of biopesticides.

The biopesticides market is fragmented on the basis of applications, kinds and geographical regions. The applications sector consists of on farm, seed treatment and post-harvest. The kinds sector of the biopesticides market is segmented into bioherbicides, bioinsecticides, bioherbicides, bionetamides and others. Geographically, it is divided into Europe, North America, Asia Pacific and rest of the world.

The biopesticides market is anticipated to attain around USD 4, 370 million by 2019. It is projected to rise at about 16 percent CAGR during 2014 to 2019. North America leaded the worldwide biopesticides market. Europe is predicted to be the most rapidly expanding market in the coming days.

Biopesticides Market Research

Information Source: Grand View Research