According to MarketIntelReports’ “Global Biopesticides Sales Market Report 2017”:
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The Biopesticides Market is boosted by factors like increasing pressure to reduce chemical residues in food, implementing strict rules, growing demand for organic food, and encouraging advances in the discovery of biological crop protection. Insects have developed resistance against synthetic pesticides. This has encouraged growers to focus on eco friendly pesticides. Microorganisms like bacteria, fungus, microscopic nematode worms can be used in agriculture to kill pests that damage plants. Compared to conventional pesticides, the naturally occurring pesticides are less toxic. Governments of different nations across the world are promoting the benefits posed by the biopesticides which has fueled the scope of bio insecticides.
Scope & Regional Forecast of the Biopesticides Market
Development of organic products has created awareness among the consumers of developed countries regarding their benefits. The adoption of organic products has led to more demand for the biochem pest control. Growing prevalence of crop disease, rising demand for food in developing and developed nations, introduction of technologically advanced products enhance the need for plant derived pesticides.
Asia Pacific has a lot of potential in the Biopesticides Market. Large population and growing demand for the food crop leads to more demand for the bioinsecticides. In North America, US occupies a larger share in biopesticides. Government regulations and introducing new products in biopesticides.
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Underdeveloped nations in South Asia, Middle East, and Africa don’t have the awareness about the plant derived pesticides and their benefits. Investment in R&D activities in biopesticides and introduction of innovative products have benefited the market a lot.
Segmentations & Key Players Involved in the Biopesticides Market
The Biopesticides Market be broken down into various segments as follows:
Product Type- Bioinsecticides, Biofungicides, Bioherbicides, Bionematicides, and Others.
Application- Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others.
Region- United States, China, Europe, Japan, Southeast Asia, and India.
Some of the key players involved in the Biopesticies Market are as follows:
Certis USA L.L.C.
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