BIOLOGICAL PESTICIDE MARKET ANALYSIS

Regional Analysis

Market Outlook

Environmental regulations in North America and Europe, particularly Western Europe, have led to an increase in adoption of plant based products and organic farming. This is expected to drive demand for biological pesticides in these regions. Moreover, stringent regulations placed on the use of chemical pesticides by the Environment Protection Agency (EPA) in the U.S. is boosting growth of the market. Increasing number of research and development activities by research institutions and investment in technological advancements by key players are expected to account for a major market share in the global biological pesticides market. Usage of biopesticides in other regions such as Asia Pacific and Latin America is projected to witness considerable growth over the forecast period. Government initiatives to raise awareness among the agricultural community in countries such as India regarding application of biopesticides is expected to propel growth of the Asia Pacific market over the forecast period.