Biopesticides Market by Product: Latest Updates According to the United Nations Department of Economic and Social Affairs, the world’s population is rapidly increasing and is projected to reach around 9.7 billion people by 2050. Consequently, agriculture is facing substantial hindrances in meeting the rising demand for food, necessitating increased inputs for crop production. In response to these challenges, the biopesticides market has emerged as a critical component offering innovative solutions. Accordingly, Triton estimates that the global biopesticides market is expected to grow with a CAGR of 15.13% over the forecasted period 2023-2030 and is anticipated to generate revenue of $17,941.26 by 2030.
A way towards Sustainable Pest Control In recent years, there has been a remarkable global shift towards sustainable pest control methods, driven by increasing awareness of environmental concerns and the need for safer agricultural practices. This transformation is not merely a trend but a necessity, considering the impending challenges of feeding a growing global population while minimizing the ecological footprint of agriculture. As we explore how biopesticides have taken center stage in the agricultural revolution, it’s crucial to understand the key role played by regulatory bodies like the Environmental Protection Agency (EPA) in the biopesticides market. The EPA’s Biopesticides and Pollution Prevention Division was established to facilitate the registration of biopesticides, recognizing their potential to revolutionize pest control. One of the striking aspects of this revolution is the emphasis on safety and environmental stewardship. This accelerated the registration process and identified that biopesticides inherently carry fewer risks.