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PARSIPPANY, N.J., July 13, 2015 /PRNewswire/ — Steered in portion by societal comes to and in portion by regulations, the biopesticides market, once a domain of a niche specialty for organic fruit, greenhouse, and environmentally sensitive homeowner uses, is emerging to a much broader scope. In 2014, the market grows rapidly, posting double-digit growth, according to the recently published Global Biopesticides: An Overview of Natural and Microbial Pesticides report by global market research and consulting firm, Kline.
At $1.6 billion, the biopesticide segment of the market is still much less compared to 5% of the global crop protection industry, however is projected to enhance its share over the next 10 years. every one of countries are projected to grow in the double digits or higher single digits throughout this period. The main driver behind current growth is the advent of microbial seed treatments on field crops, such as corn, soybeans, and cotton.
Microbials are growing faster because of the higher use in the field crop seed treatment. The field crop use of biopesticides has actually grown from a barely measurable placement to the leading segment in end user value in the past decade, now accounting for approximately 34% of the total biopesticides market. Vegetables rank second.
The higher growth fee for field crops is based on the potential for expanding biological seed treatments further in to soybeans and cotton. Field crops and consumer segments offer opportunities for manufacturers because of the receptivity to replacements if performance can easily be documented, and the resources of manufacturers to influence behavior.
Biopesticides are even more fragmented in terms of products and companies compared to the traditional crop protection chemical segment. Kline identifies over 150 companies along with measurable market shares across the nine countries surveyed. The top 48 companies, mainly smaller sized specialized firms, only account for 60% of the biopesticide market, offering plenty of room for consolidation.
In addition, the entrance in to the market by Bayer and BASF through acquisition tends to legitimize the category. Bayer is now the leading identifiable supplier of biopesticides globally. The Sumitomo subsidiary Valent BioSciences has actually had a lasting presence in the sector, ranking a distant second. Several others are showing signs of interest.
Dennis Fugate, Industry Manager of Kline’s Agriculture/Specialty Pesticides Practice, states, “Kline defines biopesticides based on regulatory definitions, which means that the category entails microbials, biochemicals such as fatty acids, plant extracts such as pyrethrum, and natural substances such as diatomaceous earth. So it is a broader definition compared to is frequently used. In addition to crop markets, Kline’s report entails non-crop market segments, such as consumer over-the-counter, pest control, turf, and forestry; segments not frequently covered in this kind of reporting.”
This report focuses on biopesticides that have actually direct pesticidal activity. The primary categories of biopesticides as defined in this report are bacteria, protozoa, yeasts, fungi, bacteriaphages, and plant extracts, chemical biopesticides, bodily barriers and abrasives. This report provides profiles of the companies involved in biopesticides, the products and uses these companies have actually developed, the approximate market dimensions by end-use crop and non-crop, plus an outlook for future technologies and products that are being developed.
Join us for a complimentary and insightful webinar on the findings from the recently published Global Biopesticides: An Overview of Natural and Microbial Pesticides report on Wednesday, July 22 at 9:30 AM EDT. If you would certainly enjoy to join us, you might click here to register.
Kline is a global consulting and research firm dedicated to providing the sort of tips and knowledge that helps companies locate a clear road to success. The firm has actually served the management consulting and market research requires of organizations in the agrochemicals, chemicals, materials, energy, life sciences, and consumer products industries for over 50 years. For a lot more information, visit www.KlineGroup.com.
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