Developing Nations' Demand for Safer Pesticides Drives Higher Adoption of Biopesticides

"With the decrease in the area of arable land across the globe, there will be a focus on technologies that can increase the efficacy of synthetic pesticides," said Arun Ramesh, Research Manager, Visionary Science. "Advances in DNA technology to augment yield, nano-coatings, and eco-friendly technologies that facilitate active ingredients to act directly on target cells in the biopesticides segment will especially find market traction."

For further information on this analysis, please visit: http://frost.ly/3iy

"APAC dominated the global crop protection market with a 41.8% revenue share in 2018, followed by Europe with 22.1%, RoW with 20.9%, and North America with 15.1%," noted Ramesh. "Based on growing demand and increasing population, the market in APAC is forecast to grow at 6.4% for synthetic pesticides and 23.4% for biopesticides by 2023."

As biopesticides are assessed under the same regulations as synthetic substances in the EU, there is a need for new provisions and guidelines to facilitate their registration. The market is also challenged by concerns of short shelf life, high cost, and easy degradation. Successful vendors will look to address these issues and tap further growth opportunities by:

Frost & Sullivan's recent analysis, Global Crop Protection Market, Forecast to 2023, analyzes the market segments of herbicides, insecticides, fungicides, bioherbicides, bioinsecticides, and biofungicides. It focuses on key growth factors, market trends, technologies, product innovations, and the competitive landscape. The study covers the regions of North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW) (LATAM, the Middle East, and Africa).

Global Crop Protection Market, Forecast to 2023 is part of Frost & Sullivan's global Future of Agriculture & Nutrition research and analysis available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Global Crop Protection Market, Forecast to 2023
K33E-88

Contact:
Jacqui Holmes
E: [email protected]

http://ww2.frost.com