Europe Biopesticide is expected to grow at a CAGR of 15.02% and reach USD 3.71 billion in 2026 from USD 1.31 million in 2021. BioPesticides are emerging as a lucrative replacement for synthetic pesticides in Europe due to increasing regulations on chemical use and chemical residue limit. Several European countries have initiated national programs for promoting the use of BioPesticides.
Extracts of Plants, micro-organisms and certain minerals constitute to form BioPesticides. The BioPesticides control diseases or pests through broad spectrum approach and even through selective approach. These are replacing conventional pesticides from the market due to their non-toxic quality and target specific behaviour. BioPesticides target only specific pests which are needed to be destroyed. BioPesticides are advantageous for farmers as well as for the environment. They are usually inherently less toxic than conventional BioPesticides, they are comparatively cheaper and effective. They decompose well without leaving any harmful residues.
Drivers and Restraints of Europe Biopesticide Market:
European market growth is driven by the high prevalence of crop diseases and rising demand for organic both in both developed and developing regions. Initiatives have been taken by various research institutes to improve techniques for the augmentation and application of BioPesticides. Farmers are unaware regarding the benefits of BioPesticides and also reluctant to change from the existing practices of chemical pesticides which are restraining the growth of the market.
Europe Biopesticide Market – By Ingredients:
Europe Biopesticide Market – By Type:
Europe Biopesticide Market – By Crop:
Europe Biopesticide Market – By Application:
Biofungicide and bionematicide segments are anticipated to witness highest growth in the global biopesticide market.
Major companies operating in the European market are Parry America, Andermatt Biocontrol Ag, Marrone Bio Innovations Inc, Agbitech Pty Limited, Bioworks Inc., Som Phytopharma Limited, Camson Bio Technologies Limited, Hebei Veyong Bio-Chemical Co. Limited, Becker Underwood Inc., Agraquest Inc., Growth Products Limited, Valent Biosciences Corp, Biocare, Natural Industries and Novoenzymes A/S.
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