Biopesticides Market Reach To US$4.17 bn by 2023 | TMR | Page 2

Biopesticides Market
REPORT DESCRIPTION
Biopesticides Market (Product - Bioinsecticide, Biofungicide, Bionematicides,
Bioherbicides; Ingredients - Microbial Pesticides, Plant-pesticides, and
Biochemical Pesticides; Crop Type - Permanent Crops, Arable Crops, Forage
& Turf Grasses, and Greenhouse Crops; Application - Seed Treatment
Application, On Farm Application, and Post-Harvest Application) - Global
Industry Analysis, Size, Share, Growth and Forecast 2015-2023
The global biopesticides market is fairly consolidated with the top five companies accounting for a
combined share of over 50% in 2014, finds Transparency Market Research (TMR). Some of the leading
players in this market include BASF SE, Valent Biosciences Corp, Arysta LifeSciences, Bayer
CropScience AG, Novozymes, and Dow AgroSciences. The top players are actively investing in
research and development of new products, particularly microbial and biochemical pesticides. The
leading companies are increasingly mobilizing their capital through acquisitions, licensing deals, and
partnership agreements to consolidate their shares.
Owing to an evolving regulatory environment, a large number of chemical pesticide manufacturers have
made a foray into the biopesticides sector. In the past few years, intensifying regulatory pressures have
led major agro-chemical companies to diversify their assets from chemicals to biopesticides. The global
biopesticides market stood at US$1.72 bn in 2014 and is anticipated to reach US$4.17 bn by 2023,
expanding at a CAGR of 9.9% during 2015–2023.
Browse The Full Article Here:
http://www.transparencymarketresearch.com/biopesticides-market.html
Spiraling Investment in Development of Microbial Pesticides to Bolster Uptake
Based on the type of active ingredients used in biopesticides, the major types are microbial pesticides,
plant-pesticides, and biochemical pesticides; among these, the microbial pesticides dominate the
market. In the recent years, several manufacturers have invested heavily in the production and
marketing of microbial biopesticides, which has triggered the growth of the segment. The microbial
pesticides segment is anticipated to rise at an impressive CAGR of 9.70% during 2015 - 2023.
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Transparency Market Research