Market Trends of Japanese Biopesticides Industry
This section covers the major market trends shaping the Japanese Biopesticides Market according to our research experts:
Increasing Demand for Organically Grown Agri Products
In response to the growing need to meet food sufficiency and the importance of safe farming practices, the organic food industry is growing exponentially at a double-digit growth rate. The growing health-conscious consumer base around the world is opting for organic food in place of conventional food, in order to avoid adverse health effects caused by chemical preservatives or genetically modified ingredients present in inorganic food. In response to consumers' demands for healthy food products with minimal environmental impacts, growers are looking for more efficient ways to use synthetic chemicals and mineral fertilizers. According to the United States Department of Agriculture (USDA), Organic food and related agriculture now account for around 5-10% of the total food market, varying from region to region. Since organic food products are produced without using any kind of pesticides or fertilizers, there is a growing use of biopesticide for its production. Consequently, the increasing popularity of organic farming drives the demand for biopesticides.
Favorable Government Policies
Japan faced many pesticide-related health accidents in the earlier days, including a case of dead producers which led to strict pesticide use and composition regulations. The countermeasures for reducing the environmental loads from the chemical pesticide consists of levying a monetary penalty on the polluters or paying them a subsidy to implement the conversion of eco-friendly farming methods. Japan's tops in the nitrogen input and pesticide input per hectare in terms of pollution caused by cultivation. Henceforth the Japanese government has come up with various policies concerning the protection of Soil, Water, Biodiversity, rural landscape, and Food Security for creating a sustainable farming environment in the region.
