Global bio-pesticides market is $8658.65 million market expected to grow at a CAGR of 21.1% during 2016-2022 period

Bio-pesticides market is growing with a huge pace because of increasing awareness and demand for good quality food. Effective results can be obtained even with small amount of bio-pesticides when applied. The low R&D cost is one of the major factor which is increasing the scope of bio-pesticides and is attracting more and more innovations in the market.

“The global bio-pesticides market is expected to reach $8658.65 million by 2022 growing at 21.1% CAGR during 2016-2022.” notes OBRC analyst Harsh Goyal. “Bio-pesticides market is growing with a huge pace because of increasing awareness and demand for good quality food. Effective results can be obtained even with small amount of bio-pesticides when applied. The low R&D cost is one of the major factor which is increasing the scope of bio-pesticides and is attracting more and more innovations in the market.”
The mark shift from synthetic pesticides to bio-pesticides has driven the overall growth of the market. This shift is due to factors such as, low toxicity of bio pesticides and that the pests cannot develop resistence to bio pesticides. This rapid shift is providing the robust growth in the bio- pesticides market. The bio-pesticides market is also considered as the future of organic food market. The increasing research and development due to low cost of R&D is also increasing the growth in the global market. The increase in number of research and developments by various companies is showing the betterment in the product portfolio. And it is estimated that in the coming years the market would come up with some new and better products.

Increasing awareness in emerging countries is creating opportunities

The bio-pesticides technique is gaining huge growth, as the stringent regulations are imposed by the government for the use of chemical pesticides, which is increasing the use of bio pesticides. Various government initiatives are undertaken to promote the bio-pesticides and create awareness for bio pesticides among the farmers. The favorable government initiatives are helping in the development of bio-pesticides in such countries. Till 2014, China had 90 registered bio-pesticides active ingredients. Due to the increasing awareness in emerging economies like India and China the APAC region is growing with a huge potential. The APAC market is projected at $2117 million by 2022.

Selective applicability a challenge available in the market
The bio-pesticides have their applicability in few areas such as seed treatment, on farm and harvesting. This low applicability of bio-pesticides is due to the limited functions that can be performed by them, which includes pest control, biological control agents and affecting the pathogen directly.


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Keywords : Chemicals, Agro Chemicals,

by Occams Business Research (few years ago!)

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