Agricoltura
Developing Nations' Demand for Safer Pesticides Drives Higher Adoption of Biopesticides
"With the decrease in the area of arable land across the globe, there will be a focus on technologies that can increase the efficacy of synthetic pesticides," said . "Advances in to augment yield, , and that facilitate to act directly on target cells in the biopesticides segment will especially find market traction."
"APAC dominated the global crop protection market with a 41.8% revenue share in 2018, followed by Europe with 22.1%, RoW with 20.9%, and North America with 15.1%," noted Ramesh. "Based on growing demand and increasing population, the market in APAC is forecast to grow at 6.4% for synthetic pesticides and 23.4% for biopesticides by 2023."
As biopesticides are assessed under the same regulations as synthetic substances in the EU, there is a need for new provisions and guidelines to facilitate their registration. The market is also challenged by concerns of short shelf life, high cost, and . Successful vendors will look to address these issues and tap further growth opportunities by:
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