Global Agricultural Biologicals Market Trends

Given that biopesticides tend to pose fewer environmental risks compared to chemical pesticides, the US Environmental Protection Agency (USEPA) generally requires less stringent data to register a biopesticide than chemical pesticide. As a result, new biopesticides are often registered in less than a year, compared to an average of more than three years for chemical pesticides. Biopesticides are regulated in the European Union in the same manner as chemical pesticides. The Organization for Economic Co-operation and Development (OECD), a 34-country group headquartered in Paris, France, assists EU in a quick and thorough assessment of biopesticide for eliminating risks to humans and the environment.

To promote the use of biopesticides, even developing countries, such as India, have simplified the requirement for the registration of biopesticides. The National Farmer Policy in India also strongly recommended the use of biopesticides across the country. All these activities are creating an opportunity for the development of biopesticides, globally. In the United States, the registration process for biofertilizers is done at the state level, and they are registered under soil amendments, as they contain organic components. In Canada, the Canadian Food Inspection Agency (CFIA) has well-defined processes for the registration of biofertilizers. This practice allows biofertilizer companies to operate in a safe environment and attract new investors in the biofertilizer industry.