Italy’s volume consumption of biopesticides is projected to reach 17.1 thousand tons by 2022 from an estimated 7.7 thousand tons in 2016 by registering a CAGR of 14.3% over 2017-2022. During the similar period, the Italian value market for biopesticides is anticipated to record marginally faster CAGR of 14.5% in reaching a projected USD 440.6 million by 2022 from an estimated USD 195.2 million in 2016. While volume and value demand for bioherbicides will remain the largest in Italy, fastest growth is expected to be witnessed by biofungicides.
Italy has recognized the importance of maintaining sustainability in agricultural practices in order to overcome the challenges posed by chemical pesticides on human and animal health, biodiversity and the balance of the overall ecosystem. As a result, utilization of biopesticides is being accorded greater importance due to no risk offered to humans and animals, in addition to the all important factor of environmental conservation. Mordor Intelligences new report on Italys biopesticides market provides key insights into the various factors determining current and future growth prospects.
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