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Biological Pesticide Market: Future Demand, Market Analysis & Outlook to 2025
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The main application of biopesticides is against various plant diseases. These pesticides act very similarly to chemical pesticides except that chemical pesticides cause harm to the environment and leave back residues on the plants. These settled residues if ingested by people or animals may have hazardous effects on them. One of the highest growth areas for biopesticides involves their use in seed treatment and soil amendment. These biopesticides mainly find use on orchard crops, forage crops and field crops, which include corn and soybean. Conventional farmers usually employ biopesticides as resistant management tools. Organic farmers use biopesticides for pest and disease management while urban homeowners make use of biopesticides in order to reduce hazardous exposure to children and pests.
Recently government agencies also use biopesticides for pest mitigation and eradication. The advantages of using biopesticides are that their harmful residues are not detected after their usage and they have no hazardous effects on the environment, they are inexpensive as compared to chemical fertilizers, they are much more effective when used on crops when compared to chemical pesticides. They are most widely accepted and utilized due to their biodegradable nature.
Certain disadvantages, which may restrict the biopesticide market, include their slow speed action on crops. They do not show consistent efficiency, it varies according to the influence of biotic or abiotic factors. Once used on crops, if the insect is not eradicated or is not rendered incapable of reproduction, then the living population of that insect can acquire tolerance for the same biopestisides thus rendering its further usage futile.
The main drivers for the biopesticide market include the switch from other crops to organic crops, which requires the use of biopesticides. The global consumer demand for biopesticides is increasing continually. The chemical pesticide market is declining continually due to the stringent regulations passed against its use due to the damage caused to the environment. These regulations occur specifically in Europe and America where the use of biopesticides as a substitute is widely accepted.
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The main companies profiled for the manufacture of biopesticides include BASF SE, Henkel AG, Du Pont (EI) de Nemours, Dow Chemicals, Bayers AG among others.
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