The Japanese Biopesticides Market expected to reach USD XX million by 2021 from USD 954.11 million in 2015, registering a double digit growth during the forecasted period from 2016 to 2021. Biopesticides offer a unique and innovative approach to the management of agricultural pests using formulated microbial agents as an active ingredient. Microbes that have been used in this approach include fungi, bacteria, viruses and nematodes. Each microbial biopesticide is unique, not only the organism or active ingredient but also the host, the environment in which it is being applied, and economics of production and control.
Biopesticides gives a good opportunities to the pesticides firms in Japan, as its synthetic pesticides market is mature and slow growing. In Japan, increasing cases of public illness due to higher pesticides residues in crops is changing farmers’ and public choice towards use of pesticides on crops. Among Asian countries, Japan has one of the best established systems for pesticides registrations and, research and development, which has enabled in accelerating the processes of developing and commercializing biopesticides. A few agricultural cooperative federations in the region are also producing and distributing indigenously made biopesticides. However, limited cultivable land, aging famers, limited reach and non-availability of biopesticides for all the diseases and crops is restraining the growth of the market in the country.
This market can be broadly segmented into product type-bioherbicides, biofungicides, bioinsecticides and other biopesticides. Bioherbicides would constitute the largest and the fastest growing sub-segment followed by biofungicides By application area, biopesticides demand has been analyzed in terms of crop-based (including grains & cereals, oilseeds and fruits & vegetables) and non-crop-based (including turf & ornamental grass and other non-crop-based applications).
The market has more relevance today since trends show that people prefer more ecofriendly options over non-ecofriendly and they are becoming more health conscious. The major companies dominating Japan market for its products, services, and continuous product developments are Valent Biosciences Corp, Eid Parry, International Panacea Ltd., DuPont, Bayer CropSciences, Seipasa, KeyPlex, AgriInfoTech, Inc., Terviva and others.
Key Deliverables in the Study