Research and Markets: North America Biopesticides Market – Growth, Trends and Forecasts (2015-2020)
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/dzhpbt/north_america) has announced the addition of the “North America Biopesticides Market – Growth, Trends and Forecasts (2015-2020)” report to their offering.
Worldwide, the pesticides industry has been witnessing a relatively steady growth, which has been primarily attributed to advancements in the Biopesticides industry. The global Biopesticides industry is estimated to grow at a CAGR of 15.5% by volume and 16.82% by value terms during 2015-2020 and is estimated to value at US$ 13,621 million. The volume and value markets for Biopesticides in North America are expected to grow at a respective CAGR of 14.4% and 16.6%.
The North America market for Biopesticides is largely driven by simple registration process, consumers growing preference for organic products and growing consumer awareness on the ill effects of synthetic pesticides on human health. The market however is mainly constrained by the growers low awareness on the use of bio control agents and availability of the products. Also low shelf life of products results in farmer’s frequent application of Biopesticides thus resulting in increased costs. The North America region with the introduction of NAFTA has reduced the trade tussles between the member countries. However, there is still a product price gap between the US and Canadian region; increasing cost for the Canadian and Mexico growers.
The US is the biggest user of Biopesticides in the region with a market estimated to be worth $1968 million, followed by Mexico and Canada.
Key Topics Covered
- Key Findings Of The Study
- Market Overview
- Market Dynamics
- Market Segmentation
- Adjuvants Plus
- Bayer CropScience
- Marrone Bio Innovations
- Novozyme biologicals
For more information visit http://www.researchandmarkets.com/research/dzhpbt/north_america
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