The Canadian demand for biopesticides has been witnessing rapid growth in organic, as well as traditional farming techniques. Chemical or synthetic pesticides have been subjected to mounting regulations and pest resistance issues, a fact that has not been hidden from growers. This has been instrumental in opting for natural alternatives that can offer similar maintenance and crop yield, even while cutting down on the environmental issues associated with chemicals.
Despite growers being encouraged to use biopesticides for some time now, the Canadian market was lacking in adequate supply of registered products. However, this scenario has now changed, thereby providing the required impetus in promoting demand for biopesticides. As a consequence, Canadas volume consumption of biopesticides is poised to post a 2014-2020 CAGR of 14.7%, which, in terms of value is likely to be considerably faster at 17.4%. Consumption and demand for biofungicides in the region are expected to maintain the fastest growths in excess of 16.2% during the corresponding analysis period.
Mordor Intelligences new report on the Canadian market for biopesticides provides major insights into the domestic scenario, with a focus on key growth areas that would be of assistance to companies in making decisive investments.