MarketsandMarkets: Global Biopesticides Market Worth $3.2 Billion by 2017
DALLAS, June 15, 2012 /PRNewswire/ –
The report “Global Biopesticides Market – Trends & Forecasts (2012 – 2017)” published
by MarketsandMarkets (http://www.marketsandmarkets.com), defines and segments the global
biopesticides market with analysis and forecasting of the global revenue for
biopesticides. It also identifies driving and restraining factors for the global
biopesticide market with analysis of trends, opportunities, burning issues, winning
imperatives, and challenges. The market is segmented and revenues are forecasted on the
basis of major regions such as North America, Europe, Asia-Pacific, Latin America, and
Rest of the World (ROW). The key countries are covered and forecasted for each region.
Further, market is segmented and revenues are forecasted on the basis of applications.
Browse more than 180 market data tables/figures spread through 363 pages and in-depth
TOC on “Global Biopesticides Market -Trends & Forecasts (2012 -2017)”.
Early buyers will receive 10% customization on reports.
Biopesticides are widely used for controlling insects and disease causing pathogens.
Bioinsecticides, biofungicides, and bionematicides are rapidly growing markets segments
and are expected to boost the demand for biopesticides in near future. Increasing demand
for residue free crop protection products, which have lesser or no negative impact on
environment and better safety features are key drivers of the biopesticide market.
Growth in organic food market and easy registration than chemicals pesticides are
another driving factors for global biopesticides market, since organic industry is
dependent upon the chemical free crop protection products to safeguard crops. Factors such
as toxicity of crop protection products, environment friendliness, innovative production
practices, new product offerings, increased availability, and advent of new pests are
increasing the market for biopesticide industry, globally.
The global biopesticides market
[http://www.marketsandmarkets.com/Market-Reports/biopesticides-267.html ] was valued at
$1.3 billion in 2011 and is expected to reach $3.2 billion by 2017, growing at a CAGR of
15.8% from 2012 to 2017. North America dominated the global biopesticide market,
accounting for around 40% of the global biopesticide demand in 2011. Europe is expected to
be the fastest growing market in the near future owing to the stringent regulation for
pesticides and increasing demand from organic products.
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