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The global biopesticide market prospects are expected

“In 2014, the global market value of agricultural biological products reached US$4 billion. It is expected that this figure will reach US$9 billion in 2019. By 2020, the global bio-pesticide market will reach US$6.6 billion.” Recently, the 5th China International Bio According to Yang Ziwen, director of the National Biopesticide Engineering Research Center, in the Global Biochemical Market Research Report, agricultural biological products mainly include bio-pesticide, biostimulant and bio-fertilizer. Compared with biostimulants and biofertilizers, the compound annual growth rate of biopesticide from 2015 to 2020 is expected to reach 18.8%.
 
Relevant information shows that the global agricultural bio-products market is highly competitive, and many market participants have their dominant technologies. As of 2014, the market was dominated by companies such as BASF, Bayer, MBI and Novozymes. Among the leading companies in the agricultural microbial preparation market include companies such as BASF, Bayer and Monsanto.
 
According to the latest biopesticide market report, the demand for continued food growth has made traditional agriculture more dependent on chemicals. Governments and consumers are increasingly focusing on food safety, allowing growers to find new environmentally friendly solutions to replace or supplement chemical products. Biological pesticides have become a promising alternative to chemical pesticides. In addition, the biopesticide market is mainly driven by the microbial pesticide market, and cereals, oilseeds, fruits and vegetables are important markets for biopesticides.
 
“Depending on the type of preparation, agricultural microbial preparations are broadly classified into bacteria, fungi and other types. These microbial preparations have a better response than other pest control agents.” Yang Ziwen said that most agricultural bioproduct market participants will pass new products. The launch, partnership, signing of agreements, cooperation and joint ventures to achieve growth. Agricultural microbiology companies have adopted differentiated strategies to achieve growth and development in the market, but the launch and acquisition of new products has become a key measure for the global expansion of these leading companies.