|
(MoneyNewsWire.Net, September 15, 2017 ) The Latin America’s bio pesticides market has been estimated at USD 0.35 million in 2016 and is projected to reach USD 0.77 billion by 2021, at a CAGR of 17.28% during the forecast period from 2015 to 2021. Growth of the bio pesticides market in Latin America has been substantial since the early 1990s. Local, small-scale production for local use has been a significant factor in this, especially for viral- and fungal-based products.
There are, however, a number of larger companies throughout Latin America who are exporting product within the region and beyond. Brazil and Cuba are the largest bio pesticide markets in the region, followed by Colombia. All three are characterised by the fact that there are few if any bio pesticide imports. In fact, the Latin American bio pesticide market as a whole is characterised by government and NGO encouraged local production.
View Full Report @ http://www.marketdataforecast.com/market-reports/latin-america-bio-pesticide-market-497/
Bio pesticides are substances derived from plants (plant-incorporated protectants or PIP’s), micro-organisms (microbial pesticides) and certain minerals (biochemical pesticides). 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.
Bio pesticides 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.
Latin America market growth is driven by the high prevalence of crop diseases and rising demand for organic both in both developed and developing regions. Various research centers all around the world are taking initiatives to improving techniques for the augmentation and application of bio pesticides. Farmers are unaware regarding the benefits of bio pesticides and also reluctant to change from the existing practices of chemical pesticides which are restraining the growth of the market.
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.
Download Free Sample Report @ http://www.marketdataforecast.com/market-reports/latin-america-bio-pesticide-market-497/request-sample
Major companies in the market 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.
Market Segmentation
1) By Crop Type
• Permanent Crops
• Arable Crops
• Forage & Turf grasses
• Greenhouse Crops
2) By Ingredients
• Biochemical Pesticides
• Plant Pesticides
• Microbial Pesticides
3) By Microorganism's Type
• Bioherbicides
• Biofungicides
• Bionematicides
• Bioinsecticide
4) By Application
• Seed Treatment
• On Farm
• Post-Harvest
Inquire before Buying @ http://www.marketdataforecast.com/market-reports/latin-america-bio-pesticide-market-497/inquire
Reasons to buy Latin America Bio pesticide Market Research Report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
For more information, kindly visit, www.marketdataforecast.com
Visit Market Data Forecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Market Data Forecast
Abhishek
+1-888- 702-9626
abhishek@marketdataforecast.com
Source: EmailWire.Com 
|
