Canada Biopesticides Market- Growth, Trends, Forecast for the period (2017 - 2022)
Worldwide, the pesticides industry has been witnessing a relatively steady growth, which has been primarily attributed to advancements in the Biopesticides industry. North America Biopesticides market is poised to post respective CAGRs of 14.4% and 16.6% for volume and value. Canada's volume consumption of Biopesticides is poised to post a 2014-2020 CAGR of 14.7%, which, in terms of value is likely to be considerably faster at 17.4%.
The Canadian demand for biopesticides has been witnessing rapid growth in organic, as well as traditional farming techniques. Chemical or synthetic pesticides have been subjected to mounting regulations and pest resistance issues, a fact that has not been hidden from growers. This has been instrumental in opting for natural alternatives that can offer similar maintenance and crop yield, even while cutting down on the environmental issues associated with chemicals. Despite growers being encouraged to use biopesticides for some time now, the Canadian market was lacking in adequate supply of registered products. However, this scenario has now changed, thereby providing the required impetus in promoting demand for biopesticides. As a consequence, Consumption and demand for biofungicides in the region are expected to maintain the fastest growths in excess of 16.2% during the corresponding analysis period. Insecticides are seeing a lower demand as the Canadian region has low prevalence of pests.
Demand for healthy diets has increase the consumption of cereals, fruits and vegetables in Canada. This has resulted in integration among growers, federal governments and industries to improve the crop yield to meet the Canada food supply requirements. All this, without causing adverse effects to human safety and ecological balance. Equal priority for food safety and quality is driving biopesticide market. .
Banning of synthetic pesticides in Canadian provinces has resulted in growers looking for alternative products for weed, pest and disease control. The Management regulatory Agency (PMRA) is also encouraging growers to use Biopesticides by providing easy access and simplifying the regulatory process for registration of Biopesticides. Another major driver is the NAFTA treaty and OECD alliances which have resulted in transparency in data requirements and ensure trade policies which are collaborative between economies.
The biopesticide market is segmented as Synthetic bioinsectcides, bioherbicides and biofungicies with applications on both crop and Non Crops. The most active companies in the market are ADAMA, Adjuvants plus, AMVAC, Arysta, Dupont and FMC corp.
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Market Definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the Canada Biopesticides market, with region specific assessments and competition analysis on a global and regional scale.
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Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
Identification and analysis of the Macro and Micro factors that affect the Canada Biopesticides market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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