Biopesticides Market - Global Industry Analysis and Forecast 2015 - 2023
Biopesticides are derived from natural sources which include animals, bacteria, plants, and certain minerals. Bt (Bacillus thruingiensis) containing products are the most common type of biopesticides but the plant-incorporated protectants (PIP) that come from adding genetic material to plants also fall in this category. The global biopesticides market has shown significant growth in the past few years. This trend is anticipated to continue during the forecast period due to increasing consumer awareness about the consumption of organic food and growing usage of biopesticides in order to minimize the environment pollution worldwide. Biopesticides are the key components of integrated pest management (IPM) programs and are receiving much attention as a means of reducing the load of synthetic chemical products that are used to control plant diseases. The objective of improving the commercial feasibility of production and usage of biopesticides is propelling market growth. Moreover, extensive and organized research has resulted in improved formulation techniques, enhanced application methods, and increased ability to produce biopesticides through mass production, and better storage and shelf life capabilities.
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