Biopesticide - A Fastest Growing Multibillion Market

Biopesticide – A Fastest Growing Multibillion Market

Biopesticides are the types of pesticides that are derived from such natural materials as animals, plants, bacteria, and certain minerals. These are pest management that is based on living microorganisms or natural products. They have proven potential for pest management and these are being used all over the world. With the ecological consequences of food production and agricultural practices coming under improved analysis and being remodeled, biopesticides have come under the spotlight. Now, they are seen as filling gaps in the market created by the removal of conventional pesticides.

Biopesticides play an important role in crop protection, though commonly in combination with other tools that comprise chemical pesticides as part of bio-intensive integrated pest management. The biopesticides pose less threat to the environment and also to the human health because these are specially targeted to a single pathogenic pest. Biopesticides have attracted pest management in the last decade and they have been increasingly promoted as a sustainable and environmentally friendly alternative to chemical pesticides. The researchers of NPCS have concluded that there is a great potential in biological pesticides and it is continuously focusing on developing new products.

What Are The Advantages Of Using Biopesticides?

Biopesticides are generally fundamentally less toxic than conventional pesticides.
Biopesticides most commonly affect only the target pest and all closely related organisms. In contrast, conventional pesticides can affect organisms such as birds, insects, and mammals.
Biopesticides generally are effective in smaller quantities and decompose quickly too, and that results in fewer exposures and largely avoiding the pollution problems due to conventional pesticides.
Biopesticides can largely reduce the use of conventional pesticides, whereas crop yields remain high.

The Key Driving Factors of the Bio pesticide Market

Due to the changing habits of consumers the farmers are pressurized to shift to adopt more sustainable methods of farming. In the cultivation of fruits and vegetables, there is a huge investment, and due to huge infestation in fruits and vegetables both in greenhouses and open fields, there is a huge demand for biopesticides. Moreover, combined with conventional chemicals. The trend in the consumption of organic crops is also increasing as the farmers are adopting biopesticides.

Similarly, as the demand for the foliar spray is increasing and they have been used widely. It is applied in the affected area to obtain curative results without damaging the growth of crops. The handling of the biopesticides has become easy for farmers due to foliar spray without any risk of chemical burn. These are some of the key reasons, which are driving the market for a foliar spray of biopesticides across the regions Forecasted growth of biopesticides globally

The Forecasted Growing Market of Biopesticide

The market of global pesticides globally is increasing 3.5 times faster than the conventional pesticide market as the global market of biopesticides is expected to grow at a CAGR of 14.7% from the projected value of USD 4.3 billion in 2020 to peak at USD 8.5 billion by the year 2025. In India alone, the market of biopesticides is anticipated to register a positive CAGR of 10.3% of sales in the forecasted period 2018 to 2024.

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There is awareness in consumers that usage of synthetic chemicals can lead to pollution and contamination of soil and can harm the food chain and due to this concern there has been increasing demand for residue-free food, because of which high importance is given to biological products.

Conclusion

NPCS has written a book called “Biopesticides Handbook” a lot of important fundamental aspects have been written in the book after thorough research. In the book you can find some important information such as synthesis and antimicrobial activities of pyrazoles, effects of econazole on the plasma membrane, metabolism of diclofop methyl, bleaching herbicides stimulate maize HMGR activity, soil transformation of acetochlor, propanil degrading amidase activity.

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