Biopesticides Markets To Reach $1 Billion in 2015
19 November 2009 LONDON — A new report from Frost & Sullivan says increasing demand for chemical-free crops and more organic farming has led to augmented usage of biopesticides in North America and Western Europe. The value of biopesticides in those combined markets were US$594.2 million in 2008, and demand will almost double by 2015 to a market value of $1.02 billion, according to the report.
“The major growth factor for the biopesticides market is the escalating demand for chemical free crops by end users and supermarkets,” Frost & Sullivan Research Analyst Yeshwanth Kumar Desikamani said in a press release. “Major supermarket chains including Walmart and Tesco, among others, are demanding chemical-free crops, fruits and vegetables.”
Governments in these regions are supporting the reduction in the level of chemicals used in agriculture with regulations limiting maximum residue levels (MRL) levels. This is a significant growth factor for biopesticides, according to Frost & Sullivan.
However, biopesticides do not represent a stand-alone solution for treating crop diseases. Nor should they be viewed as a solution to reduce insect infestation.
“In this market, beneficial insects, which are considered natural enemies of plant pests, cannot be used to cure fungal, bacterial or viral diseases,” explains Yeshwanth. “Thus, they cannot be used as stand-alone products.”
The establishment of integrated pest management (IPM) and integrated crop management (ICM) programs, which use the technical and product expertise of the manufacturer for efficient tackling of problems, will be critical to market development.
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