Gobal Biopesticide Market is projected to reach $6.77 Billion by 2021, at a CAGR of 16.6 per cent from 2016 to 2021.
<p><strong>MUMBAI: </strong>According to the report "Biopesticide Market", published by Market Data Forecast, the global market is projected to reach $6.77 Billion by 2021, at a CAGR of 16.6 per cent from 2016 to 2021.</p>
<p>Biopesticides are derived from natural sources which include animals, bacteria, plants and certain minerals. Bt (Bacillus thruingiensis) containing products are the most common type of biopesticides but the plant-incorporated protectants (PIP) that come from adding genetic material to plants also fall in this category.</p>
<p>Biopesticides are safe as they havehigh cost specificity and are biodegradable in nature, whereas traditional chemical<br />
pesticides often affect a broad range of pests as well as mammalian species and birds. They are required in low concentration to control insects. <br />
The environmentally friendly biopesticides are an excellent alternative to conventional chemical pesticides. Growing environmental concerns and the health hazards inherent in the use of chemical pesticides have resulted in the increased adoption of biopesticides. These usually contain less toxic substance than the conventional pesticides which is expected to boost the biopesticides market in future period.</p>
<p> Major Companies operating 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. </p>