The agriculture industry has grown significantly over the last couple of decades. The agricultural sector has embraced technology and taken forward strides in terms of equipment, techniques, biopesticides, and other essential parameters within the industry.
Agricultural practices are affected by multiple pests including, bacteria, fungi, weeds and insects that result in reduced yield and low-quality produce. Since 1960, extensive use of synthetic pesticides is the most common method for pest control. The Green Revolution technology used in crop production played an important role to increase food production in the developing markets worldwide. During the green revolution, pesticides and chemical fertilizers were used intensively. Although the food production and the overall agricultural productivity increased by using agrochemicals, harmful chemicals damaged the soil health, water quality, and the product quality. Further, there were several other barriers that were created including, insect resistance, toxic residue on food and feed, and genetic variation in plants. Hence, there was an urgent need to substitute chemicals with substances that are eco-friendly and work efficiently.
Allied Market Research recently published a report that includes data related to the different parameters of the biopesticides market such as the market share, size, and growth. Further, the report probes into the current trends, growth prospects and the upcoming trends within the industry. Dependence and irregular use of chemical pesticides has drastically affected the process of identifying the ill effects of agrochemicals including, pest resurgence, pesticides residue in soil, produce and water, and outbreak of secondary pests. Thus, it is important to focus on the development of environment-friendly chemicals.
Major challenges in the biopesticides industry
In recent years, biopesticides have generated high interest from the agriculture industry owing to several advantageous factors including, environment safety, efficacy, target-specificity, biodegradability in the integrated pest management (IPM) programs. Biopesticides is one of the most promising alternatives to control environmental pollutions. Although biopesticides are gaining popularity as they are environment-friendly, it has generated a great amount of interest from the organic food market. The main areas of application for biopesticides are within the agrochemicals sector, there are several opportunities for selected crops and niche areas where biopesticides could potentially be used as an important component of IPM.
In the current scenario, bio pesticides cover only around 2% of the plant protectants worldwide (Singh, 2015). However, there has been an increase in the growth rate of biopesticides in the last two decades. The major factors that are boosting the growth of the biopesticides market include high demand for residue-free agricultural produce, the growth of organic food market, and easier registration process in comparison with chemicals. The adoption of biopesticides is high in the U.S. as around 200 products are sold in the region. Further, 60 products are sold in the EU and around 225 microbial pesticides are manufactured in 30 OECD countries (Hubbard M, 2014).
Today, majority nations have implemented policies to reduce the use of chemical pesticides and promote biopesticides. Biopesticides are widely regulated by the system that was initially developed for chemical pesticides. This hinders the growth of the adoption of biopesticides and creates market entry barriers for the new market players (Singh, 2014). The effective utilization and the technological advantages of biopesticides have been identified by the industry experts. However, there are several issues that need to be addressed to increase the adoption of the same. The policy measures must be robust to reduce the usage of chemical fertilizers and increase the use of biopesticides.
Recent developments in biopesticides
The biopesticides market is at a nascent stage currently and is evolving continuously. Added research is required in the various sectors including, formulation, production, commercialization, and delivery of biopesticides. There are several biopesticides that are currently in the development phase that could potentially be excellent substitutes to the chemical pesticides. The majority of the developing pesticides are available at the local level in plants including, neem, garlic, pinus Kesia and Triphala which can be processed easily and are available for the farmers to enhance biopesticides consumption. Further, the constant efforts to improve the efficiency of the current biopesticides in the market coupled with research for new biofuels and the integration of DNA technology will create several opportunities for the growth of the biopesticides industry. Novel fusion proteins are developed to make next-generation biopesticides in which the technology enables a toxin to be combined with carrier protein which makes it toxic to insect pests when consumed orally, while it was toxic only when injected into a target prey by a predator (Fitches E, 2004).
Biopesticides are attracting worldwide attention owing to the advantages discussed earlier. The overall production and utilization of biopesticides are increasing constantly. The biopesticides market is staring at a bright future as cost-effective and eco-friendly biopesticides are replacing chemical fertilizers.
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