The ‘Green agriculture’ wave in the current generation is making way for the development of eco-friendly pesticides, featuring low toxicity and high efficacy. Advancements in biotechnology and molecular biology have yielded successful breakthroughs in the field of ‘Pest management and control’. A significant outcome, stemming out of research and development is “Bio-pesticides”, delivering a better alternative to manage harmful insects, weeds and fungal plant-pathogens.
Biochemicals and microbials are the two types of biopesticides. Biochemicals are non-toxic and are mostly like natural substances in structure and functionality. Biochemical pesticides act by controlling pests non-toxically, unlike conventional pesticides that kill pests.
Microbial pesticides are made from genetically modified or natural organisms such as bacteria, fungi, protozoans or viruses. These biopesticides act by causing a disease or producing a toxin specific for a pest.
The market is growing at a robust rate, largely driven by innovations in active ingredients, and growing use of Bacillus thuringiensis. Global biopesticides market is likely to reach the US$1 billion mark by 2010, as stated in a recent report published by Global Industry Analysts, Inc.
The United States represents the world’s largest market, accounting for a share of over 50%. Europe represents the fastest growing market. Future of bio-pesticides relies heavily on the success of genetically-engineered plants in pest-control. Governing the success of genetically-engineered products are factors such as public acceptance and technological developments.
Major players in the biopesticides market include AG Biotech Australia Pty Ltd, AgraQuest, Bion Tech, Certis USA, Greeneem, Isagro Biochem, Syngenta International, Troy Bioscience and Valent Biosciences.
“Biopesticides: A Global Strategic Business Report”, published by Global Industry Analysts, Inc. provides an extensive review of market trends, drivers, players and competition. The report also offers profiles of leading players and presents recent developments, mergers, acquisitions, as well as other strategic industry activities. Detailed analysis is provided for major geographic markets including US, Canada, Europe Asia, Latin America and rest of world.
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