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n Oilseeds Focus - Demand for biopesticides and bioherbicides soar - markets

Volume 5 Number 4
  • ISSN : 2410-1206

Abstract

Producers have begun to adopt the recommended practices issued by regional regulatory bodies relating to the use of crop protection chemicals to meet the growing demand for food safety in developed and developing nations. The use of alternative crop protection measures and implementation of best practices have become a priority and, in turn, have increased agricultural income. The €55,38 billion crop protection market is expected to grow to €76,21 billion by 2023. In 2018, the synthetic pesticide and biopesticide product segments accounted for 90,2% and 9,8% of revenue, respectively. However, with greater adoption of residue-free pesticides, the biopesticides segment is likely to generate 17,7% of the revenue by 2023. The use of biopesticides in agricultural production and the inclusion of biopesticides in rotation with synthetic pesticides, ensure residue-free food. This demand will, therefore, increase the necessity for biopesticides.

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/content/journal/10520/EJC-19e5d65ee9
2019-12-10
2020-09-27

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