Global Bioinsecticides Market is projected to grow at a high CAGR from 2017 to 2024
Increasing incidents of pest attacks and rising demand for biological and environment friendly pest control measures have paved the way for the bioinsecticides market. The market has, in recent years, seen improvement via development in technology and innovation making it a cost effective and worthwhile market to invest in. Based on type the market is segmented into Bacteria thuringiensis, beauveria bassiana, verticillium lecanii and others. Bacteria thuringiensis pesticides provide stability and strength to the whole soil system by detoxifying the soil and fighting root diseases, due to its useful properties this segment holds majority of the market share. Verticillium lecanii aids plants in nitrogen fixation, iron sequestration, among others, and is the fastest growing sub-segment during the forecast period.
The report is designed to provide a complete view on the global Bioinsecticides market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2024). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Bioinsecticides market has been studied considering a short term forecast of the factors/ variables which have an impact on Bioinsecticides market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
Increasing demand for organic crops and vegetables, adapting more environment friendly options, government policies encouraging use of bioinsecticides, and rise in demand for food safety and quality, are among the factors influencing the bioinsecticides market.
Study Technique: Global Bioinsecticides Market
The global Bioinsecticides market has been studied from the year 2016 till 2024. However, the CAGR provided in the report is from the year 2017 to 2024. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Bioinsecticides market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Bioinsecticides, and customer analytics.
End-User Landscape (Consumer Profile): Bioinsecticides Market
Companies such as the Novozymes A/S, Certis USA L.L.C., Bayer Cropscience AG, and Valent Biosciences Corporation, among others are investing extensively in the manufacturing and sale of Bioinsecticides, which presents a huge opportunity to Bioinsecticides suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
Global Bioinsecticides Market Segmentation
Based on mode of action, bioinsecticides are divided into predators, parasites & pathogens, and bio-rationals. Bio-rationals dominated the bioinsecticides sector based on mode of action. They target only harmful pests and do not destroy the useful and nature friendly ones who are beneficial for the plant. Natural extracts like garlic, neem, cinnamon, oil and pepper are commonly used as bio-rational products. The mode of application of bioinsecticides are soil treatment, seed treatment, foliar spray and post-harvest. Soil treatment mode of application dominates the market, it improves seed germination, quality of the soil and nutrient retention capacity of the plant. Seed treatment is second in line and affects the immunity level of the crop positively and assists its growth and development. There are two types of formulations, dry and liquid, liquid formulations lead the market as they are easy to mix and suitable for all crop types saving growers and farmers time and money.
Based on crop type, the market is sub-segmented into Cereals & grains, Oilseeds & Pulses, Fruits & Vegetables, Turf & Ornamentals, and Plantation Crops. Fruits and vegetables segment capture majority market share due to high demand for the same and new trends of trade for exotic fruits and vegetables. The turfs and ornamentals segment is also growing really fast and will continue to do so in the coming years. The mechanisms involved in bioinsecticides are mating disruption, anti-feeding, suffocation and desiccation.
Novozymes A/S, Certis USA L.L.C., Bayer Cropscience AG, Valent Biosciences Corporation, Syngenta AG, and Bioworks, Inc, among others account for the major share in Bioinsecticides market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Marrone Bio Innovations, Inc., Koppert B.V., Agrilife and Biotech International Ltd.
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