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(MoneyNewsWire.Net, August 29, 2017 ) The Middle East and Africa bio pesticide market is estimated to reach USD 0.48 billion by 2021 from USD 0.22 billion in 2016 at a CAGR of 16.82%. In general, the African and Middle Eastern markets are small and undeveloped. Agriculture is too basic in the poor countries of this region for this product sector. However, in some countries, notably South Africa and Kenya, growth is occurring and, overall, the market is on the increase.
Based on the product there remain numerous opportunities throughout the region for market development. Bt-based products are dominant in Africa and the Middle East; taking 77% of the overall microbial Biopesticide market. There has been little development of local production for local use projects in Africa. Fungal- and viral-based products are therefore comparatively undeveloped in this region.
Bio pesticides are substances made form materials like plants (plant-incorporated protectants or PIP’s), micro-organisms (microbial pesticides) and certain minerals (biochemical pesticides). These are replacing conventional pesticides from the market due to their non-toxic quality and target specific behaviour. As bio pesticides target only specific pests which are needed to be destroyed but the conventional pesticides can even harm birds, animals or even human beings.
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Bio pesticides are advantageous for farmers as well as for the environment. They are usually inherently less toxic than conventional bio pesticides, they are comparatively cheaper and effective, decomposes well without leaving any harmful residues, have substantially nullified impact on non-targeted species and can greatly reduce the use of conventional pesticides with high yield.
Middle East and Africa market growth is driven by the high prevalence of crop diseases and rising demand for organic both in both developed and developing regions. Restraints for the market are reluctant nature of farmers to change from existing practices and also they are unaware regarding the benefits of bio pesticides.
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According to ingredients, they are classified as biochemical pesticides, plant pesticides and microbial pesticides. On the basis of microorganism’s type, they are segmented into bioherbicides, biofungicides, bionematicides and bioinsecticide. Based on crop type the market is fragmented among permanent and arable crops along with forage & turf grasses and greenhouse crops. By application, the market is bifurcated into seed treatment, on farm and post-harvest application. Biofungicide and bionematicide segments are anticipated to witness highest growth in the global bio pesticide market.
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Leading companies in this region are Parry America, Andermatt Biocontrol Ag, Marrone Bio Innovations Inc, Agbitech Pty Limited, Bioworks Inc., Som Phytopharma Limited, Camson Bio Technologies Limited, Hebei Veyong Bio-Chemical Co. Limited, Becker Underwood Inc., Agraquest Inc., Growth Products Limited, Valent Biosciences Corp, Biocare, Natural Industries and Novoenzymes A/S.
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