Market Trends of Biopesticides Industry
This section covers the major market trends shaping the Spanish Biopesticide Market according to our research experts:
Increased Practice of Organic Farming
Growing consumer demand for opting for organic food instead of conventional food, to avoid adverse health effects caused by chemical preservatives is shifting growers towards organic cultivation that uses bio-pesticides instead of chemicals. Increased concern about the environment has paved the way for the use of bio-based pesticides. Increasing the cost of chemical fertilizers and push from governments for sustainable farming is enabling the farmers to adopt organic farming practices. After the initiatives by the regulatory system, the biopesticide usage number has been increased in the country. Growers are being encouraged to grow fresh fruits and vegetables through the usage of chemical-free pesticides. Thus increasing organic farming practice is driving the growth of the biopesticide market making spain the largest market for biopesticides as higher number of organic farming is done in the country.
Biofungicides Dominates the Market
It's quick decomposition and pollution and residue levels associated with synthetic pesticides drive the segment in the market studied. The rise in demand for organic products is booming, not only due to an increase in conscientious consumers, but also due to increasing incomes, along with improved farming practices that make organic yields more robust. Strong funding by the private and public sectors towards the research of microbial and plant extracts having biocidal properties, especially for its usage on a wide spectrum of field crops, is expected to drive the growth of the market over the years.
