“The North America biopesticides market is estimated to grow at a CAGR of 15.0% from 2014 to 2019. Globally, North America is one of the most technically advanced regions. The remarkable biotechnological growth in the field of fermentation technology is driving the North American biopesticides industry. These developments have led to production of better and effective biocontrol agents. Advanced molecular biology has enabled the evolution of commercial application of this technology into viable production of microbials that are significantly used as biopesticides.
In this report, the North America biopesticides market has been segmented by crop type, formulation, end-use, type, active ingredient, and geography. The report covers an in-depth analysis of the biopesticides market on the basis of these segments. Among the types of biopesticides, the biofungicides segment is estimated to grow at the highest CAGR from 2014 to 2019.
The U.S. is the largest biopesticides market in North America with a market share of 78.0%, followed by Mexico. The U.S. biopesticides market is also expected to grow with the highest CAGR among all countries in this region during the forecast period. This growth is driven by the growing acceptance of these biopesticides as a replacement for the chemical pesticides.
Novozymes A/S (Denmark) holds a significant share in the North America biopesticides market. Other firms, such as Bayer CropSciences AG (Germany), Isagro S.p.A (Italy), and Koppert BV (Netherlands) are also active in this market. These companies are following the strategies of mergers & acquisitions, joint ventures, new product development, and facility expansion to increase their market share.
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