|Global Crop Protection Market, Forecast to 2023|
|Embracing Use of Biopesticides – A Key to Sustainable Agriculture|
Farmers have begun to adopt the recommended practices issued by regional regulatory bodies regarding the use of crop protection chemicals (pesticides) to meet the growing demand for food safety in developed and developing nations. The use of alternative crop protection measures and implementation of best practices have become a priority, and, in turn, have enhanced efficiency in agricultural income. The €55.38 billion market is expected to grow to €76.21 billion by 2023 with the synthetic and biopesticides product segments accounting for 90.2% and 9.8% of the revenue, respectively, in 2018. However, with greater adoption of residue-free pesticides, the biopesticides segment is likely to generate 17.7% of the revenue by 2023.