Originally published by: ICIS.com

THE BIOPESTICIDES market sector is abuzz with all kinds of activity this year, including product introductions, business alliances, and acquisitions. Biopesticides are defined by the US Environmental Protection Agency (EPA) as pesticides derived from natural materials, such as animals, plants, bacteria and certain minerals. The industry is still considered a niche sector, accounting for 1-2% of the overall global pesticide market. The challenge of new and more stringent chemical pesticide regulations, combined with increasing demand for agriculture products with positive environmental and safety profiles, is boosting interest in biopesticides. “The biopesticides market is growing at more than 20%/year, particularly in conventional agriculture,” says Pamela Marrone, CEO and founder of Californiabased Marrone Bio Innovations (MBI). She estimates that the global chemical pesticide market was worth $32bn (€22.5bn) last year. “It is harder and harder to discover new chemical pesticides that meet all of today’s environmental and safety requirements, so biopesticides can fill the market need for new active ingredients,” Marrone says.

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