Biopesticides Market to surpass 230 kilo tons by 2024: Global Market Insights, Inc
OCEAN VIEW, Del., Oct. 17, 2017 /PRNewswire-iReach/ -- Biopesticides Market is poised to witness significant gains with the escalating demand for healthy crop generation. The industry has been evolving at a rapid pace, which is quite evident from the growing consumer preferences for organic food and demand for eco-friendly crop protection pesticides. Another prominent driver influencing global biopesticides market growth is the declining availability of arable land. This has encouraged the farming sector to use more eco-friendly pesticides over chemicals, as the carbamate, organophosphorus, and halogenate present in chemical pesticides can lead to land and water contamination. In addition, the enforcement of strong policies against the use of synthetic pesticides has also widened the acceptance of biopesticides and given a positive push to biopesticides industry share. As per a report by Global Market Insights, Inc., global biopesticides market size stood at USD 1.8 billion in 2016 and is projected to surpass a revenue generation of over USD 2.5 billion by 2024.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1340
Accounting for more than 35% of the global industry share, North America biopesticides market is set to witness profitable growth prospects over the coming seven years. Strict norms and regulations toward food safety and higher demand for organic food has contributed to the regional market expansion. U.S. is one of the leading countries involved in fortifying the regional biopesticides industry share, having generated a revenue of USD 550 million in 2016.
Several countries are adopting stringent approaches, when it comes to using synthetic pesticides. Regional governments have been laying a ban on several toxic pesticides which are harmful for consumers and the environment as well. To promote the consumption of bio-based products over synthetic counterparts many European countries have initiated national programs. One such initiative called "Ecophyto 2018" was commenced by France with an aim to reduce the use of synthetic pesticides to 50% by 2018. Another country following the trail is Denmark, which initiated the scheme called "Green Growth". This scheme apparently offers financial help to develop eco-friendly alternatives for plant protection, which can help in cutting down the use of chemical pesticides.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1340
Fruits & vegetables accounted for over 70% of the industry share in 2016. Rising awareness regarding nutritional values of food and healthy diet will support the product penetration in this segment. Increasing demand for organic fruits & vegetables will drive the product demand in this segment.
Liquid biopesticides market will witness growth over 6.2% due to its relatively increased shelf life. Water-based formulations consist inert ingredients including stabilizers, surfactants, stickers, coloring agents, anti-freeze compounds, and additional nutrients.
Biopesticides market size from microbial sources was valued more than USD 1 billion in 2016. Microbial products are widely used in habitats, where chemical pesticides are prohibited including stream or lake borders, recreational areas and schools.
U.S. biopesticides market generated over USD 550 million in 2016. Shifting preference towards organic food along with rising consumer awareness about health and environment will drive the demand. Germany market will witness growth over 6% up to 2024. Government as well as institutional initiatives and promotions for product usage will positively influence the product demand in this region.
Browse key industry insights spread across 270 pages with 415 market data tables & 12 figures & charts from the report, "Biopesticides Market Forecast, 2017 – 2024" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/biopesticides-market
Browse Related Reports:
- Humic Acid Market Forecast, 2017 – 2024
Humic Acid Market size was recorded at over USD 400 million in 2016 and will witness growth at a CAGR above 12%. Rapidly growing global population and their nutritional demand decreased the arable land ratio to less than 0.2 hectares for a single person by 2013. As per a WHO report, world agricultural yield must be increased by at least 50% per hectare to meet the growing demand for food. By the end of 2030, global food demand will rise by 35% and majority of this demand must be met by increasing crop yield.
https://www.gminsights.com/industry-analysis/humic-acid-market
- Controlled Release Fertilizers Market Forecast, 2016 – 2024
Controlled Release Fertilizers Market size was over USD 2.4 billion in 2015 and will exceed USD 3.9 billion by 2024. Rapid population growth in comparison with arable land will drive the global controlled release fertilizers market in the upcoming years. Steep population growth curve in the past five years from 6.90 billion in 2010 to 7.35 billion in 2015 along with rapid urbanization has decreased the portion of agricultural land per person.
https://www.gminsights.com/industry-analysis/controlled-release-fertilizers-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
Web: https://www.gminsights.com
Blog: https://www.gminsights.com/blogs
Connect with us: Facebook | Google+ | LinkedIn | Twitter
Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, [email protected]
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Global Market Insights, Inc.
iReach LastName, iReachCompany, 111-222-3333, [email protected]
Share this article