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Global Biopesticides Market

Global Biopesticides Market. Summary.

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Global Biopesticides Market

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  1. Global Biopesticides Market

  2. Summary Global Biopesticides Market is estimated to reach $4 billion by 2024; growing at a CAGR of 8.8% between 2016 and 2024. Biopesticides are a type of pesticide, which contain active ingredient, derived from natural materials such as bacteria, fungi and virus or substance produced by plants which contains genetic material or Plant-Incorporated Protectants (PIPs). Biopesticides are usually less toxic as compared to conventional pesticides. At present, Bacillus thuringiensis (Bt) is most widely used insecticide which is useful for pest control. They target only the specific and affect only the target pest with regards to a broad spectrum. In U.S., before a pesticide can be marketed, The Federal Insecticide, Fungicide and Rodenticide Act (FIFRA), requires that United States Environmental Protection Agency (EPA) evaluate the proposed pesticide to assure that its use will not pose risk of harm to human health and the environment.

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