Agriculture provides most of the world’s food and fabrics such as cotton, wool, and leather are all agricultural products. Moreover, it can help reduce poverty, raise incomes and improve food security in most of the underdeveloped regions. Agriculture feeds the globe and hence to meet future demands the global crop production should be adequate. Plants derive nutrients from organic material present in it and it is not enough for growing of large number of crops.
The biopesticides helps to enhance the plant productivity, fertility and also it protects them from insects, pests and other various diseases. It benefits the producer by increasing crop production and act as a protection tools that are derived from naturally-occurring processes, natural materials and are helpful to develop new and beneficial products for farmers worldwide.
New product development, stringent regulations against the use of chemical fertilizers and regulations supporting the use of bio-based products are contributing to the rapid growth of the bioinsecticides market. Also, crop losses due to pest attacks and advancements in integrated pest management solutions will further stimulate the market growth. However, high cost of recently approved drugs and stringent rules for drugs approval by healthcare authorities are expected to impede the market growth.
The study analyses Global Biopesticides market based on type, source, mode of application, formulation, crop application and geography.
The biopesticides market report is studied across the key countries worldwide including North America, Europe, Asia Pacific and Rest of the World. North America is likely to dominate the market biopesticides market over the forecast period attributing to increasing consumer preference for organic products and increasing support for the deployment of biological solutions as alternatives to chemical pesticides. Similarly, in Europe, the market is anticipated to witness a rigorous growth owing to growing interest in green agricultural practices in the region. Whereas, Asia Pacific is expected to witness the fastest growth rate during the forecast period due to low risk to consumers during its application and rise in the awareness and popularity of biopesticides.
The major players of the Biopesticides Market are Bayer Cropscience, BASF SE, Novozymes, Isagro S.P.A., Certis USA LLC, Marrone Bio Innovations, Camson Bio Technologies Ltd., Andermatt Biocontrol AG and among others.
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