Market Overview
Natural
elements such as plants, bacteria, fungi, and viruses are used to make
biopesticides. Biopesticides are divided into three categories: biochemical
pesticides, microbiological pesticides, and plant-incorporated pesticides
(PIPs). Organic farming, eco-friendly pest management, controlling pant
diseases, seed treatment, and soil additives all use biopesticides. The
development of carrier-based formulations using native Trichoderma strains and
biofertilizers can lead to mass manufacturing of biopesticides. Biopesticides
can also be made from Bacillus thuringiensis. Plant-based materials such as
legumes, cereals, plant extracts, tubers, yeast powder, and fodder yeast can
all be utilised to make biopesticides. Various naturally occurring compounds,
such as insect pheromones and other semiochemicals, can also be employed as
biopesticides.
Market Dynamics
Due to the
consequences of pesticide residues on human health and the environment, there
is significant demand on farmers to decrease or eliminate the use of pesticides
in agricultural production systems. This is a primary driver driving biopesticides
market expansion. Furthermore, some government agencies, such as the
Environmental Protection Agency, are working to develop "safer
pesticides" (EPA). The current EPA aim is to make it easier to test and
register pesticides with "lower risks." Over the projection period,
such initiatives may have a substantial impact on market size.
Biopesticides,
on the other hand, have a high specificity, which means that some biopesticides
may only be effective against specific pests. As a result, many goods may be
required, which may not be commercially viable. Furthermore, biopesticides are
frequently slow to kill pests, which may not be suitable in the event of a pest
infestation on a crop. The low likelihood of a target pest or disease
developing resistance or tolerance can also have a negative impact on market
size. Adoption of an anti-resistance strategy, on the other hand, may aid in
the mitigation of the problem.
Market Outlook
In the
worldwide biopesticides market, North America is predicted to be the largest
market, followed by Europe. This is owing to strict rules prohibiting the use
of chemical pesticides, which in turn encourages the use of biopesticides in
the region.
Key Players
Valent
BioSciences Corporation, Certis, Marrone Bio Innovations, Bioworks, FMC
Corporation, Stockton Group, UPL, Bayer CropScience, BASF, Syngenta, Isagro,
and Koppert are some of the main companies in the worldwide biopesticides
market.
Comments
Post a Comment