The Japan Biopesticides Market is estimated to grow at a CAGR of 12.2% during the forecast period. Microbes used in this approach include fungi, bacteria, viruses, and nematodes. Each microbial biopesticide is unique, not only the organism or active ingredient but also the host, the environment in which it is being applied, and the economics of production and control. Biopesticides give an opportunity to the pesticide firms in Japan, as its synthetic pesticides market is mature and slow-growing. In Japan, increasing cases of public illness due to higher pesticide residues in crops is changing farmers’ and public choice towards the use of pesticides on crops. Among Asian countries, Japan has one of the best-established systems for pesticide registrations and, research and development, which has enabled in accelerating the processes of developing and commercializing biopesticides.
Key Market Trends
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.
In the Japanese biopesticide market, companies are not only competing based on product quality and promotion but are also focused on strategic moves, to hold larger market shares. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the global biopesticide market. Companies are investing heavily in developing new products and are collaborating and acquiring other companies, which is expected to increase their market shares and strengthen R&D activities. Along with innovations and expansions, investing in R&D and developing bio-based product portfolios are likely to be the crucial strategies over the forecast period. Involvement in agreements, with other biopesticides and technology providing companies, is one of the most prominent strategies followed by market leaders in the global biopesticide market.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support