Los Angeles, January 24, 2020 -Rising consciousness about the environment is boosting demand for global biological crop protection market. It is replacing conventional pesticides due to the harmful effects of chemical pesticides. QY Research has recently published a report titled “Global Biological Crop Protection (Bio-Pesticide) Market Report, History and Forecast 2014-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application”. This report predicts the growth opportunities that lie in the global market. According to the report, the global biological crop protection market was worth US$3708.04mn during 2018 and is expected to reach US$8187.51mn by the end of 2026, registering a CAGR of 10.41% during the forecast period.
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Alternative to Chemical Pesticide to Boost Demand for Biological Crop Protection
Biological crop protection or bio pesticides are replacing conventional pesticides as they are produced from synthetic chemicals that are harmful to the environment. These methods will be highly preferred as they tend to decompose quicker and hardly leave any residue in the food or environment. Furthermore, they less toxic and specifically target pests. They are effective even with smaller quantities, which makes them cost effective.
They do not negatively impact ground water or surface water, which goes a long way in ensuring nourishment to the crops. This improves the yield over time and allows the farmers flexibility in sowing. These benefits of biological crop protection are likely to boost its demand during the forecast period.
Staple Cereals and Pulses to Demand Biological Crop Protection more than Others
The cereals and pulses segment is expected to rise in demand during the forecast period as these are highly consumed by majority of the people around the world. Cereals and pulses are an indispensable part of staple diets, which will augment this segment significant over the forecast years.
Changing Outlook towards Agriculture to Boost Sales in North America
North America is expected to rise in demand during the forecast period as this region is technologically advanced and has the highest number of innovations. Agriculture sector in this region is undergoing a massive evolution, giving impetus to renewed methods of improving yields. Thus, farmers are expected to make investments in biological crop protection during the forecast period.
Bayer Crop Science and Atomwise, leader in artificial intelligence announced on 7th January, 2020 that the companies will be developing two crop protection programs with the help of new mechanism. This crop protection research will aid in enhancing and transforming crop development.
The key players operating in the global biological crop protection market are Bayer Crop Science, Valent BioSciences, Certis USA, Koppert, Syngenta, BASF, Corteva Agriscience, Andermatt Biocontrol, FMC Corporation, Marrone Bio, and Isagro.
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