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(MoneyNewsWire.Net, September 07, 2017 ) The North America is one of the fastest growing bio pesticides market and is expected to witness the growth of 15.66% during 2016-2021. North America holds the largest share in the market due to rise in demand of organic foods which depends upon chemical free products to safeguard the crops and human health. Trade of tussle is reduced between the region countries after introducing NAFTA. However, there is still a product price gap between the US and Canadian region; increasing cost for the Canadian and Mexico growers.
Bio pesticides Marekt Size are substances derived from naturally occurring materials like plants, micro-organisms and certain minerals. The bio pesticides control diseases or pests through broad spectrum approach and even through selective approach. These are replacing conventional pesticides from the market due to their non-toxic quality and target specific behaviour.
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Bio pesticides are advantageous for farmers as well as for the environment. They are usually less toxic, comparatively cheaper and effective than conventional bio pesticides.
High prevalence of crop diseases and rising demand for organic food are driving the North American market growth. Farmers are usually reluctant to change from the existing practices of chemical pesticides and also unaware regarding the benefits of bio pesticides which are restraining the growth of the market.
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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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North America bio pesticide market is consolidated with the following major companies, 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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