Pesticides generally affect only the target pest and closely related organisms, in contrast to broad spectrum, conventional pesticides that may affect organisms as different as birds, insects, and mammals. Pesticides often are effective in very small quantities and fete decompose quickly, thereby resulting in lower exposures and largely avoiding pollution problems caused by conventional pesticides. When used as a component of Integrated Pest Management IMP programs, pesticides can greatly decrease the use of conventional pesticides, while crop yields remain high. North America holds the largest share of the global pesticides market, followed by Europe.
The market is driven by factors such as pest resistance and integrated pest management IPM measures, growth in demand for organic food, promotion by government agencies, heavy crop loss due to pest attacks, lower cost of raw materials, and faster regulatory approval.
Foliar spray is estimated to be the most widely used application method for biopesticides. Foliar spray is estimated to account for the largest share through the forecast period as this method is easy to use, helps in covering the entire surface area of the leaf, and is available at a low cost.
It also aids in avoiding the problems of leaching in soils and prompts a rapid response in crop plants at farms. Bionematicides is projected to be the fastest-growing segment during the forecast period.
The bionematicides segment is projected to register the highest growth rate from to Owing to its wide usage in seed treatment and the increasing focus of crop protection companies on new product developments of bionematicides.
North America is projected to dominate the market, while Europe is projected to be the fastest-growing market for biopesticides through North America is expected to dominate the biopesticides market owing to its highly streamlined product registration process, which makes it easier for most private companies to launch their products easily.
The reduced data requirements and the development of modified test technologies in the US have resulted in significantly lower registration costs and timeline. Additionally, growing awareness among consumers against synthetic chemicals has also led to the higher adoption of these products in North America.
The market for biopesticides in the European region is projected to grow at the highest CAGR from to Biopesticides are expected to be a potential substitute for synthetic pesticides in Europe due to the stringent regulations on chemical usage and maximum residue limit.
The impending ban on neonicotinoids is expected to drive the growth of the European biopesticides market. This report includes a study of marketing and development strategies, along with the product portfolios of leading companies.
The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.Global Biopesticides Market Industry Survey Forecasts Essay Pesticides often are effective in very small quantities and often decompose quickly, thereby resulting in lower exposures and largely avoiding pollution problems caused by conventional pesticides.
Biopesticides Market by Type (Microbial, Predators) and Crop Type (Orchards, Grazing & Dry Land, and Field Crops) - Global Opportunity Analysis and Industry Forecast, Get 20% Free Customization In This Report.
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Asia Pacific is expected to witness fastest growing market for biopesticides during forecasted period. In North America, the U.S. holds the largest market of biopesticides.