Technavio Says Environmental and Health Concerns Will Propel Uptake of Biopesticides through 2019
June 1, 2015 | By Business Wire News
LONDON
Technavio has published a new report on the global biopesticides market, which is expected to grow at a CAGR of 17% from 2015-2019.
About the Report
According to the new Technavio report, a growing number of environmental and health concerns are expected to propel the growth of the global bio-pesticides market during the forecast period. The residues emitted from chemical-based pesticides can contaminate entire ecosystems, and lead to bioaccumulation, which adversely affects every element of the food web.
“The increase in the awareness about health and the environment is driving demand for eco-friendly crop protection solutions,” says Faisal Ghaus, Vice President of Technavio.
The latest market survey report by Technavio also draws attention towards the increase in private investments and joint ventures in the bio-pesticides sector in recent years, which have contributed to market growth and resulted in fund raising for new product developments, thus promoting the use of bio-pesticides.
“New manufacturers in the market are increasing as a result of heightened consciousness among consumers about chemical-free food, thereby increasing the demand for bio-pesticides,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the global biopesticides market from 2015-2019. To calculate the market size, Technavio considers revenue generated from sales of biopesticides in the agrochemical industry.
Key Information Covered in the Report:
- Key Vendors:
- BASF SE
- Bayer CropScience
- Novozymes Ltd.
- Valent BioSciences Co.
- Market Growth Drivers:
- Growing environmental and health concerns
- For a full detailed list, view our report.
- Market Challenges:
- High maintenance and overhead costs
- For a full detailed list, view our report.
- Market Trends:
- Expansion of market
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the bio products market:
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150601005655/en/
Technavio Research
Jes Ellacott
US: +1-630-333-9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com
