Increase bans on synthetic pesticides and advancements in integrated pest management solutions are expected to drive the growth of the biopesticides market. Biopesticides are derived from natural resources such as animals, plants, and bacteria among others. Owing to the occurrence of chemical or synthetic pesticides in crop protection there is stringent and strict government regulations to enhance the adoption of bio-based pesticides. The increasing awareness for health concerns and an increase in individual income level are expected to play a key role in the development of biopesticides. It includes active agents such as bacteria, fungi, and viruses.
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Stringent government regulations to ban the usage of synthetic pesticides, further backing for the advancements in integrated pest management solutions, and growing support for the disposition of biological solutions despite to chemical pesticides across organic farming and IPM systems are expected to drive the market for biopesticides. Moreover, the growing awareness for environmental-friendly products for agriculture application to further enhance the development in the global biopesticides market during the forecast period.
However, the short shelf life of biopesticides and stringent approach concerning the number of imports are expected to restrain the growth of the market during the forecast period.