The prospect of the global biopesticide market is promising
"The global market value of agricultural biological products in 2014 reached 4 billion US dollars, and this figure is expected to reach 9 billion US dollars in 2019. By 2020, the global biopesticide market will reach 6.6 billion US dollars." A few days ago, at the 5th China International Biological At the prevention and control technology development forum, according to Yang Ziwen, director of the National Biopesticide Engineering Research Center, in the "Global Biological Products Market Research Report", agricultural biological products mainly include three categories of biological pesticides, biological stimulants and biological fertilizers. Compared with biostimulants and biofertilizers, the compound annual growth rate of biopesticides from 2015 to 2020 is expected to reach 18.8%. Biopesticides are expected to grow at a CAGR of 18.8% from 2015 to 2020.
Relevant information shows that the global agricultural biological products market is highly competitive, and many market players have their own advantageous technologies. As of 2014, the market was dominated by companies such as BASF, Bayer, MBI and Novozymes. Among them, the priority companies in the agricultural microbial preparation market include BASF, Bayer, Monsanto and other companies.
According to a new biopesticides market report, the growing demand for food has made traditional agriculture more dependent on chemicals. The increasing focus on food safety by governments and consumers has led growers to look for new environmentally friendly solutions to replace or supplement chemical products. Biological pesticides have emerged as a promising alternative to chemical pesticides. In addition, the biopesticide market is mainly driven by the microbial pesticide market, and grains, oilseeds, fruits, and vegetables are important markets for biopesticide.
"According to the type of preparation, agricultural microbial preparations are roughly divided into bacteria, fungi and other types. Compared with other pest control preparations, these microbial preparations have a better response." Yang Ziwen said that most market participants of agricultural biological products will pass new products through new products. launches, partnerships, agreements, collaborations and joint ventures to grow. Agri-microbiology companies have adopted differentiated strategies to achieve growth and development in the market, but new product launches and acquisitions have become key steps for these priority companies to expand globally.
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