The growth of biopesticides in the crop protection market can be attributed to the rise in environmental concerns and awareness regarding hazards caused by chemical pesticides. Ease of application, innovative product offerings, increased availability, and growth in demand for organic food products are factors that further drive the growth of this market. The biopesticides market is projected to reach USD 6.60 billion by 2022, at a CAGR of 15.43% from 2017 to 2022.

The biopesticides market has witnessed the influx of products which have modernized agriculture and are gradually replacing chemical pesticides. Efforts by multinational agrochemical companies for the discovery, formulation, manufacturing, and commercialization of biopesticides contributes towards the market growth. Advances in microbial technology for pest control, favorable and faster processes for the registration of biopesticides in North America, stringent regulations regarding the use of chemical pesticides, and the ban of several traditional pesticides in Europe are expected to play a significant role in the market growth of biopesticides.

Europe is projected to be the fastest-growing region in the biopesticides market from 2017 to 2022. North America accounted for the largest market share in 2016, while Europe is projected to be fastest-growing in the biopesticides market over the next five years. Biopesticides are expected to be a potential substitute for synthetic pesticides in Europe due to the growing regulations on chemical usage and maximum residue limit. The ban on the use of neonicotinoids, glyphosate, and paraquat is expected to drive the growth of the European biopesticides industry. The major markets in Europe include Spain, Germany, France, the UK, and Italy.

Biological soil and seed treatments are significant growth areas in the application field of biopesticides. They are increasingly being used for the control of soil-borne and seed-borne pathogens. The introduction of biological seed treatments on crops such as corn, cotton, and soybean contributes significantly to the market growth since these products not only help protect seeds but also act as seed enhancers, thereby improving crop yields.

Request sample pages of this report@ https://www.marketsandmarkets.com/requestsample.asp?id=267