Global Biopesticides Market: Key Highlights
Global Biopesticides Market: Key Market Dynamics
Global Biopesticides Market: Regional Overview
According to one of the manufacturers, Certis USA L.L.C., North America represents around 40% of the global demand for biopesticides. That demand is driven by several factors such as the increased interest in green agricultural practices and the loss of many conventional products to reregistration and performance issues. Moreover, changes in international laws and regulations and consumers’ demand towards the consumption of organically grown food is driving the demand for biopesticides in the region.
The adoption of strict environmental laws and regulations for the use and trade of chemicals has resulted in manufacturers shift towards the biobased products. For instance, Sustainable Algae Biorefinery for Agriculture and Aquaculture (SABANA) is a project under Horizon 2020, which aims at developing a large-scale integrated microalgae-based biorefinery for the production of biostimulants, biopesticides, feed additives, biofertilizers, and aquafeed, using only marine water and nutrients from wastewater.
Global Biopesticides Market: Key Players Overview
FMC Corporation is a chemical manufacturing company and serves global agricultural, industrial, and consumer markets. The company operates through two business segments namely FMC Agricultural Solutions and FMC Lithium. In July 2019, FMC Corporation submitted two new active ingredient microbial pesticide strains, RTI 301 and RTI 477. This unique combination of two bacilli strains offers a new option for growers to suppress some difficult to control and yield-robbing diseases such as Sudden Death Syndrome (SDS) in soybeans as well as Fusarium, Rhizoctonia, and Phytophthora.
Syngenta is one of the leading science-based agrotech company. The company operations in over 90 countries. The crop protection sales stood at USD 10.4 billion in 2018. In March 2019, the company launched its first bioinsecticide, Costar, to be sold in Portugal. The product is formulated based upon Bacillus thuringiensis and has been authorized to be used in more than 50 agricultural crops, including grapes, fruits, vegetables, olive trees, and rice.
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