The Report “Malaysia Biopesticides Market Research Report By Type (Bioinsecticides, Biofungicides, Bioherbicides, Bionematicides), By Origin (Microbial, Biochemicals, Beneficial Insects), By Mode of Application, By Crop Type and By Region – Forecast to 2021 ” is estimated to reach $5.95 million by 2021, growing at a CAGR of 13.2% from 2016 to 2021.
Browse through the TOC of the Malaysia biopesticides Market for an analysis of industry trends and segments, with the help of various tables and figures.
The growth of the market is majorly driven by factors such as the implementation of integrated pest management programs and low cost of research & development activities in the region. In addition, advantages of biopesticides such as easier residue management are expected to further aid the growth of the biopesticides market in Malaysia.
Cash crops is projected to be the fastest-growing segment of the Malaysia biopesticides market on the basis of crop type from 2016 to 2021
The revenue generated through the cultivation of cash crops plays a vital role in the GDP of Malaysia. Cash crops, such as palm oil, rubber, rice, and cocoa are among the most important crops that are grown in the region. Therefore, famers in the country are focusing on sustaining the yield as well as maintaining the quality of the crops produced. The increased demand for organically produced crops in Malaysia has led to the usage of biopesticides in the production of cash crops in order to enhance the yield and fulfil the demand of consumers.
The seed treatment segment of the biopesticides market in Malaysia has high growth potential in the near future
Seed treatment is the application of microorganisms or chemicals on seeds to suppress, control, or repel plant pathogens, insects, or other pests that attack seeds, seedlings, or plants. Seed treatment is an excellent example of how the crop protection industry is innovating for the future of modern agriculture.
The rising adoption of organic methods of farming, which have lower environmental impact, by growers in the country is one of the key factors for the increased demand for seed treatment in Malaysia. Moreover, the rise in the demand for organic products in the country, which has led to the increased utilization of seed treatment as a mode of application of biopesticides.
The Peninsular Malaysia region is expected to witness significant growth in the biopesticides market
The biopesticides market Malaysia has been divided into two regions, East Malaysia and Peninsular Malaysia. Peninsular Malaysia was a larger segment of the market in 2015. Crops such as rice, oil palm, and rubber are grown extensively in Malaysia. Moreover, the country is one of the major exporters of cash crops, rice being one of the major cash crops among them. Malaysia is one of the leading producers of rice in Asia-Pacific, and the cultivation of rice is carried out mostly in the Peninsular region, which has also fueled the growth in the GDP of the country.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies operational in the market. It includes the profiles of leading companies as BASF SE (Germany), Syngenta (Switzerland), Monsanto Company (U.S.), Bayer CropScience AG (Germany), and Valent Bioscience Corporation (U.S.), and Imaspro Corporation Bhd (Malaysia).
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