Market Trends of Italy Biopesticides Industry
This section covers the major market trends shaping the Italy Biopesticides Market according to our research experts:
Increasing Demand For Organically Grown Products
In response to the growing need to meet food sufficiency and the importance of safe farming practices, the global organic food industry has recorded exponential double-digit growth rates. The growing health-conscious consumer base around the globe is opting for organic food instead of conventional food, to avoid adverse health effects caused by chemical preservatives or genetically modified ingredients in inorganic food. According to the United States Department of Agriculture, Organic food and related agriculture currently account for around 5-10% of the food market, varying from country to country. As organic food products are produced without using pesticides or fertilizers, there is increasing usage of biopesticides for production. Consequently, the increasing popularity of organic farming drives the demand for biopesticides. In response to consumer demands for healthy food products with minimal environmental impacts, growers are looking for more efficient ways to use synthetic chemicals and mineral fertilizers.
Bioinsecticide Is Dominating The Market In Product Type
In Europe, the introduction of food security brought about the withdrawal of synthetic chemicals, which resulted in the high usage of biopesticides. The bioinsecticide segment of the market studied accounted for most of the market share. In the enrolment methodology of biopesticides in Europe, the regulations for synthetic pesticides and biopesticides are the same. The circumstance brought about the need to present various new provisions in the legislation that aids the encouragement for enrolment of biopesticides. The prohibition on the utilization of glyphosate, neonicotinoids, and paraquat increases the development of the European biopesticide market.
