Italy Biopesticides market- Growth, Trends, Forecast for the period (2017 - 2022)
Worldwide, the pesticides industry has been witnessing a relatively steady growth, which has been primarily attributed to advancements in the Biopesticides industry. Italys volume consumption of biopesticides is projected to reach 13.1 thousand tons by 2020 from an estimated 5.9 thousand tons in 2014 by registering a CAGR of 14.3% over 2015-2020. During the similar period, the Italian value market for biopesticides is anticipated to record marginally faster CAGR of 14.5% in reaching a projected US$336.1 million by 2020 from an estimated US$148.9 million in 2014.
Italy has recognized the importance of maintaining sustainability in agricultural practices in order to overcome the challenges posed by chemical pesticides on human and animal health, biodiversity and the balance of the overall ecosystem. As a result, utilization of biopesticides is being accorded greater importance due to no risk offered to humans and animals, in addition to the all important factor of environmental conservation.
Other key drivers in the market are growing demand for food safety and quality, increasing consumer demand for organic products thus encouraging organic farming practices and governments promoting bio control products. The market however is mainly constrained by the growers low awareness on the use of bio control agents and availability of the products. Also low shelf life of products results in farmer's frequent application of Biopesticides thus resulting in increased costs.
Segmentation of this report includes futher segmentation of Biopesticides to include Bioherbicides, Bioinsecticides, biofungicides and other Biopesticides. While volume and value demand for bioherbicides will remain the largest in Italy, fastest growth is expected to be witnessed by biofungicides. Based on application the market gives a share of pesticides used on Crop based applications like grains & Cereals, Oilseeds, Fruits and vegetable and Non crop application on Turf & Ornamental grass. Some of the players profiled in this market are AGRAUXINE SA (France), Koppert Biological System, Bayer crop science, BASF Novozymes biological among others.
In this report we offer,
Market Definition for the specified topic along with identification of key drivers and restraints for the market. Market analysis for the Italy Biopesticides market, with region specific assessments and competition analysis on a global and regional scale. Identification of factors instrumental in changing the market scenarios, rising opportunities and global consumer trends. Extensively researched competitive landscape section with profiles of major companies along with their share of markets. Identification and analysis of the Macro and Micro factors that affect the Italy Biopesticides market on both global and regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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For getting a comprehensive overview of the Italy Biopesticides market To gain wide ranging information about the major players in this industry and the strategies adopted by them. To gain an insight about the major countries/regions in which this industry is blooming and also identify the regions which are untapped.