Market Size of Italy Biopesticides Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 11.40 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Italy Biopesticides Market Analysis
The Italy biopesticide market is projected to register a CAGR of 11.4% during the forecast period 2020-2025. It is the second-largest market for biopesticides in Europe after Spain and occupies a share of over 25% of the European market. Italy is now implementing legislative mandates with the aim of reducing pesticide dependency in agriculture in order to increase consumer and environmental safety. In order to reduce the risks associated with pesticide applications, and the dependency on usage, directives will promote low pesticide-input by implementing integrated pest management (IPM), and provide means to establish the necessary conditions and measures to employ these practices, as well as to ensure the security of commercial products. The growing demand for food safety and quality and low R&D cost is likely to be the major drivers of the market studied. However, high target pest specificity and slow speed of action are hindering the growth of the market studied.
