Biopesticides include the various types of crop protection products that are used on crops and plants to prevent the damage caused by pests, thereby increasing the crop yield. Biopesticides are eco-friendly products that include organic ingredients (microbes) for combating pests so as to prevent crop damage. The extensive damage caused by pests and the increase in population in both the developed as well as developing nations are the key drivers for the growth of this market.
Download PDF Brochure@ http://www.micromarketmonitor.com/contact/9164913136-download_pdf_brochure.html
The Asia-Pacific biopesticides market is dominated by China, followed by India. In China, deliberate efforts are being made to promote the usage of biopesticides to enhance the crop yield. Moreover, the Chinese government is offering subsidies for environment-friendly pesticides to ensure the adequate supply of key grain crops.
Speak to Analyst @ http://www.micromarketmonitor.com/contact/9164913136-speak_to_analyst.html
The biopesticides market has witnessed significant growth in recent years and is competing with the traditional pesticides markets. Factors such as government support, consumer awareness, and the need for environment-friendly pesticides are among the major factors driving the Asia-Pacific market. Several companies, such as Bayer AG (Germany), Isagro S.p.A (Italy), and Novozymes A/S (Denmark) are investing in this high-growth market in order to gain higher profits and increase their shares in the Asia-Pacific biopesticides market.
Among submarkets, the bioinsecticides segment accounted for the largest share of nearly 45.0% the biopesticides market in 2014. Among the formulation segments, the liquid-based formulation segment dominated the Asia-Pacific biopesticides market and is also estimated to grow its value at the fastest CAGR during the forecast period of 2014 to 2019.
