Biopesticides Market by Active Ingredient (Microbials & Biorationals), by Types (Bioinsecticides, Biofungicides, Bionematicides & Bioherbicides), by Application, by Formulation, by Crop Type & by Geography – Global trends & forecasts to 2019
Biopesticides are less toxic than conventional pesticides.Biopesticides 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. Biopesticides 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.When used as a component of Integrated Pest Management (IPM) programs, biopesticides can greatly decrease the use of conventional pesticides, while crop yields remain high.
Increasing farmers’ concerns towards the prevention of use of crop protection chemicals, rising private investments, and venture funding to support new product development, and growing government support to magnify the adoption of organic crop protection products are the key factors driving the growth of the global biopesticides market.North America holds the largest share of the global biopesticides market, followed by Europe. However, in the forthcoming years, developing regions such as Asia-Pacific and Latin America are expected to form new revenue-generating pockets for the market players.
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Growing environmental concerns, rising demand of food, decreasing land availability, increasing health concerns, growing government support, and increasing private investments and venture funding to support new product developments are the key factors driving the growth of the biopesticides market in developing regions. The global biopesticides market is marked with...
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