Australian Biopesticides Market - Growth, Trends and Forecasts (2016-2021)
The Australian Biopesticides Market expected to reach XX Million by 2020 from $254.30 Million in 2015, registering a CAGR of XX% during the forecasted period from 2016 to 2021. Biopesticides offer a unique and innovative approach to the management of agricultural pests using formulated microbial agents as an active ingredient. Microbes that have been used in this approach include fungi, bacteria, viruses and nematodes. Each microbial biopesticide is unique, not only the organism or active ingredient but also the host, the environment in which it is being applied, and economics of production and control.
As next generation pesticides, biopesticides are gaining popularity in Australia. Due to presence of higher pesticides residues in food crops and increasing pest resistance, developed countries are posing strict regulations on import of such crops. These regulations are affecting the use of synthetic crop chemical applications on wheat (major exported grain) and other crops in Australia. Also, Australia has the worst weed resistance problem in the world, and many herbicides are of no use in the country and in this scenario, biopesticides are the only lucrative option or substitute. On the other hand, increasing popularity of broad spectrum pesticides in Australia due to their cheap prices and abundant market availability is hindering the use and large scale adoption of biopesticides. Organophosphates are still widely used in agriculture in Australia even though many have been banned in the EU, and banned or restricted in the USA. Many groups and public lead alliances are expressing serious concerns about the way pesticides are regulated in Australia and about the implications for human health and the environment.
This market can be broadly segmented into product type-bioherbicides, biofungicides, bioinsecticides and other biopesticides. By application area, biopesticides demand has been analyzed in terms of crop-based (including grains & cereals, oilseeds and fruits & vegetables) and non-crop-based (including turf & ornamental grass and other non-crop-based applications).
The market has more relevance today since trends show that people prefer more ecofriendly options over non-ecofriendly and they are becoming more health conscious. The major companies dominating Australian market for its products, services, and continuous product developments are Valent Biosciences Corp, Eid Parry, International Panacea Ltd., DuPont, Bayer CropSciences, Seipasa, KeyPlex, AgriInfoTech, Inc., Terviva and others.
Key Deliverables in the Study
Market analysis for the Australian Biopesticides Market, with region specific assessments and competition analysis.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.
Extensively researched competitive landscape section with profiles of major companies along with their market shares.
Identification and analysis of the macro and micro factors that affect the Australian Biopesticides Market.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries in which this industry is blooming and to also identify the regions that are still untapped.
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