(MoneyNewsWire.Net, November 02, 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 bio pesticides 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 PIPs), 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.
According to ingredients, they are classified as biochemical pesticides, plant pesticides and microbial pesticides. On the basis of microorganisms 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.
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
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Reasons to buy Middle East and Africa 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 By Crop Type, By Ingredients, By Microorganism's Type and By Application 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 Middle East and Africa 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 Porters 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
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