TOP 10 COMPANIES IN BIOPESTICIDES MARKET

1. Increasing Government Initiatives To Promote The Use Of Biopesticides The North American Free Trade Agreement (NAFTA) countries (the U.S., Canada, and Mexico) are the world’s major consumers of biopesticides and use up approximately 45% of all the globally sold biopesticides, while the European Union uses 20%. In the U.S., Environmental Protection Agency (EPA) encourages the development and use of biopesticides. The Biopesticides and Pollution Prevention Division (under the Pesticide Programs) was established to facilitate the registration of biopesticides. Since biopesticides tend to pose fewer risks than chemical pesticides, EPA generally requires much fewer data to register a biopesticide than to register a conventional pesticide. Data about the composition, toxicity, degradation, and other characteristics of the pesticides are required to be submitted by the registrants to EPA to make sure that a pesticide is safe. Often less than a year is required to register a new biopesticide, compared with more than three years for a chemical pesticide. As demands in Canada for reduced pesticide use increased, the government created new regulations and management practices. Research has identified new biopesticides, and teams have accelerated their expansion. These factors together have spurred a biopesticide revolution in Canada. Other countries worldwide also are enacting similar changes in their political and public views toward biopesticides and investment in research. The difference is that Canada has capitalized on discovering the solution to decrease pesticides and has approved biopesticides as a reliable and peaceful replacement strategy. Canada thus provides a nice example for other countries to follow in the future Also, in the European Union (EU), recent legislation has synchronized with the political will to reduce traditional chemical usage in agriculture and increase biopesticides. The European ban on neonicotinoid pesticides from 2013 to 2019 is driving many of the region’s growers to seek biopesticide alternatives for protecting their crops. According to Biopesticides Industry Alliance (BPIA), France, Denmark, and Sweden have aggressively reduced overall agriculture chemical use by more than 30%. The French government launched the “EcoPhyto Plan” in 2008 to reduce pesticides and plant protection products in France by 50% till 2018. Download Research PDF @ https://www.meticulousresearch.com/download-sample- report/cp_id=5051?utm_source=Article&utm_medium=Social&utm_campaign=Product+&utm_co ntent=11-04-2022 In India, several government agencies such as the Ministry of Agriculture and Farmers Welfare, the Department of Biotechnology (DBT), and the Ministry of Science and Technology have been promoting research, development, and commercialization of biopesticides and biofertilizers. The Government of India is giving a strong push to organic farming by providing subsidies for new biofertilizer/ biopesticide units. The central government of India provides grants in aid of INR 4.5 million for building and INR 2 million for procuring equipment of biocontrol laboratories for the production of biocontrol agents, including biopesticides, to state governments. It also provides around INR 2 million for procuring equipment for biopesticides testing laboratories. The

2. requirement for registration of biopesticides has been simplified to facilitate the introduction of biopesticides. China has also realized that the use of pesticides has created many problems. It has launched a new action plan, “Zero Growth on Chemical Fertilizer and Pesticides by 2020,” to reduce pesticides and fertilizers. China has also started a collaborative effort with the U.S. EPA on pollution issues, and one outcome of this was adapting registration procedures to favor biopesticides. Quick Buy @ https://www.meticulousresearch.com/BuyNowToCheckout/1043?utm_source=Article&utm_medi um=Social&utm_campaign=Product+&utm_content=11-04-2022 Thus, recognizing the ill effects of chemical pesticides such as the development of pest resistance, pest resurgence, the outbreak of secondary pests, pesticide residues in food, feed, fodder, soil, air, and water resulting in human health hazards and ecological imbalances; most of the countries throughout the world have amended their policies to minimize the use of chemical pesticides and promote the use of the biopesticides. Such a positive role of governments drives the growth of the biopesticides market across the globe. According to this latest publication from Meticulous Research®, the global biopesticides market is expected to grow at a CAGR of 11.7% from 2021 to 2028 to reach $9.6 billion by 2028. Also, in terms of volume, the biopesticides market is expected to record a CAGR of 9.6% from 2021 to 2028 to reach 558.4 KT by 2028. Biopesticides Market by Product Type (Bioinsecticides, Bioherbicides, Biofungicides), Origin (Microbial, Biochemical), Formulation (Liquid, Dry), Mode of Application (Foliar Spray, Seed Treatment), Crop Type, and Geography – Global Forecast to 2028 Some of the key players operating in the global biopesticides market are Bayer AG (Germany), Marrone Bio Innovations, Inc. (U.S.), Certis USA L.L.C. (A Part of Mitsui & Co.) (U.S.), The Dow Chemical Company (Part of Dow Inc.) (U.S.), Andermatt Biocontol AG (Switzerland), BASF SE (Germany), Som Phytopharma India Limited (India), Syngenta AG (Part of ChemChina) (Switzerland), International Panaacea Ltd (IPL)(India), The Stockton (STK) Group (Israel), BioWorks, Inc. (U.S.), Novozymes A/S (Denmark), Koppert B.V. (Netherlands), W. Neudorff GmbH KG (Germany), InVivo Group (France), Valent U.S.A. LLC (part of Sumitomo Chemical Co., Ltd.) (U.S.), FMC Corporation (U.S.), and Gowan Company, LLC. (U.S.), among others. TOP 10 COMPANIES IN BIOPESTICIDES MARKET