In this modern world, most of the people want to have a healthy naturally obtained food products. Pesticides extracted from the natural materials including animals, plants, bacteria and certain minerals and which controls the pest by the non-toxic mechanisms are called as biopesticides market. In the coming future, the biopesticides will have the higher growth because of the demand on the naturally obtained food products and increasing emphasis on quality food, low cost and ecological imbalance by the synthetic pesticides. There are various types of the biopesticides such as bioinsecticides, bio fungicides and bio nematicides. Europe is among the regions which are witnessing high emerging growth in the present scenarios, and this trend and growth are likely to be increased in the upcoming years.
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As per the Envision Inteligence biopesticides market analysis, increasing number of biopesticide users owing to the demand for the organic foods and organic products are gradually boosting the biopesticides market growth. Spain followed by France, U.K. and Germany are the promising and significant countries in the European biopesticides market. Fewer biopesticides active substances are registered in the European Union (EU) region compared to U.S., Brazil, India and some other emerging economies owing to the complicated registration process. In the European region, agricultural policies are being actively framed by the governments and regulatory organisations and greater emphasis on the Integrated Pest Management (IPM) is likely to boost the innovations and pave the way for the advanced product launches and increased utilisation.
Increasing demand for the organic foods and organic products for forming gradually boosting the market size of biopesticides and ban of the glyphosate and paraquat are also the intellection for the growth of biopesticides industry. The European ban on neonicotinoid pesticides from 2013 to 2015 have bolstered the shifting towards biopesticides products for protecting their crops. As per the Envision Inteligence biopesticides market report, global biopesticides market size is projected to reach $8.82 billion by 2024 with a CAGR of 17.4% during 2019 – 2024.
Bioinsecticides have the highest size in the biopesticides, now in the present scenario Spain has the highest size in the biopesticides, and in the upcoming years, the U.K. and France are expected to have the greatest GAGR of the biopesticides. Biopesticides market in U.K. is booming and will be growing with an annual CAGR of nearly 12% as per the Envision Inteligence estimates, and the demand for the synthetic pesticides is growing only with a CAGR of less than 3%. Germany is among the European countries which are providing funding for the R&D on biopesticides and is swiftly shifting towards the adoption of eco-friendly products in place of traditional synthetic products. Germany biopesticides market value will grow with a CAGR of over 15% during 2019 – 2024.
The significant bio companies pesticides having the highest growth in the Europe regionFollow us on Twitter