Market Trends of Middle East & Africa Biopesticides Industry
This section covers the major market trends shaping the MEA Biopesticides Market according to our research experts:
Increase in Organic Farm Practises is Driving the Market
The increasing levels of health consciousness among people in the region is boosting the demand for organic foods, in order to avoid adverse health effects caused by chemical substances, or genetically modified ingredients in inorganic food. In order to address the growing need for organic and safe food, the growers are following safe farming practices, which have minimal impacts on the environment. The growers prefer biologically extracted plant growth promoters in place of synthetic products. Notably, the organic acreage in the Middle East & Africa region was recorded at 1.74 million hectares in 2015, which significantly increased by about 20.1% by 2017, reaching 2.09 million hectares. Thus, the notable increase in the organic acreages in the region, indicates the increasing importance of organic farming practices, such as the usage of biopesticides in the region.
Bioinsecticides is Dominating the Market
The area harvested under cereals was reduced in Africa, owing to the increased incidence of pests and insects across the crops. The area harvested reduced drastically from 124.59 million hectares in 2016 to 122.56 million hectares in 2017 (FAO). Thus, to address the growing concern for reduced harvest, along with environmental and human health, the farmers are increasingly switching to bioinsecticides for their crops, thereby, fueling the overall revenue of the biopesticides market. Major companies, such as BASF SE, are investing in the development of bioinsecticides in Africa. Thus, the farmers in the Middle East & Africa are resorting to bioinsecticides to decrease crop damage in order to prevent the loss of yields from insects.
