NEW YORK, May 25, 2015 /PRNewswire/ -- The North America agriculture biologicals market
is estimated to grow at a CAGR of 14.4% from 2014 to 2019. The
increased food demand has led to extensive chemical use in
agricultural practices, which ensure a rich and qualitative yield.
However, along with increased yield, the immense impact of the use
of chemicals has become apparent. Due to chemical hazards,
consumers as well as governmental bodies are hugely emphasizing on
chemical-free agricultural pesticides and fertilizers.
In this report, the North America
agriculture biologicals market has been broadly discussed by its
applications such as cereals & grains, fruits & vegetables,
oilseeds & pulses, and rest (crops). The cereals and grains are
major application market for North
America agriculture biologicals market. The market has been
further segmented by types of agriculture biologicals viz.
biopesticides, biostimulants and biofertilizers. Among types, the
biopesticides has the major share in the North America agriculture biologicals
market.
The U.S. is the largest agriculture biologicals market among the
North America with market share of
72.47% followed by Mexico and
Canada. Mexico also has the highest CAGR% for the
estimated period. The North
America agriculture biologicals market has been lagging
behind Latin America and
Asia-Pacific in the global
agriculture biologicals market. The adoption of new agricultural
practices by farmers depends on certain factors, such as practical
viability, economic sustainability, social acceptability,
administrative harmony, political obligation, and eco-friendliness.
Awareness about biofertilizers and biopesticides among global
farmers is very low. Owing to this limited knowledge of advantages
offered by the usage of biostimulants, farmers are still following
traditional agricultural practices, which in turn are decreasing
the demand for agriculture biologicals.
BASF SE (Germany) has major chunk
in North America agriculture
biologicals market in terms of market share. Bayer CropScience AG
(Germany) with market share of
9.32% is not far behind BASF SE (Germany). The other firms such as Isago
(Italy), Marrone Bio Innovation
Inc. (U.S), and Novozymes A/S (Denmark) are competing for growing agriculture
biologicals market in the region. These companies are engaged in
market strategies such as mergers and acquisitions, joint venture,
new product development and expansion to increase their market
share in the North America
agriculture biologicals market.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on
various levels of analysis—industry analysis, market share analysis
of top players, company profiles, which together comprise and
discuss the basic views on the competitive landscape, emerging- and
high-growth segments of the North
America agriculture biologicals market, high-growth regions
and countries and their respective regulatory policies, government
initiatives, drivers, restraints, and opportunities.
The report will enrich both established firms as well as new
entrants/smaller firms to gauge the pulse of the market, which in
turn will help the firms in garnering a greater market share. Firms
purchasing the report could use any one or combination of the below
mentioned five strategies (market penetration, product
development/innovation, market development, market diversification,
and competitive assessment) for strengthening their market
share.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on agriculture
biologicals offered by the top 10 players in the North America agriculture biologicals
market.
-
- Product Development/Innovation: Detailed insights on upcoming
technologies, research and development activities, and new product
launches in the North America
agriculture biologicals market.
-
- Market Development: Comprehensive information about lucrative
emerging markets. The report analyzes the markets for various
application of agriculture biologicals across North America.
- Market Diversification: Exhaustive information about new
products, untapped geographies, recent developments, and
investments in the North America
agriculture biologicals market.
- Competitive Assessment: In-depth assessment of market shares,
strategies, products, and manufacturing capabilities of leading
players in the North America
agriculture biologicals market.
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