Bioinsecticides - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Bioinsecticides Market is accounted for $1,457.80 million in 2018 and is expected to reach $4,835.08 million by 2027 growing at a CAGR of 14.2% during the forecast period. Some of the key factors influencing the market growth include the rise in crop loss due to insects and diseases, rise in mutation in natural flora and infertility of soil due to chemical insecticides, changing farming practices and growing pest management industries. However, stringent regulatory policies on pesticides are restricting the market growth.
Bioinsecticides are organic formulations applied to crops to kill insects that feed on them. They contain live bacteria that produce toxins that poison and kill the insects. These bio-insecticides are composed of animals, plants, bacteria, or minerals found in nature. Bioinsecticides are sprayed on the crop as a pest repellent to control insects by attracting them to trap or disrupting their mating patterns.
Based on the application, the fruits and vegetable segment is going to have a lucrative growth during the forecast period. Many fruits and vegetables have tested positive for the presence of pesticides. This has decreased the demand for chemical pesticide-treated fruits and vegetables. Bioinsecticides have a relatively lower residue level and are a perfect fit for the treatment of fruits and vegetables and hence fruit and vegetable forms the largest application area for bioinsecticides.
By Geography, the Asia Pacific bioinsecticides market expected to grow at a significant rate over the forecast period due to an increase in the dependence on farming in India and China, an increase in awareness about bioinsecticide products benefits, and low cost of the products have bolstered the market in the region.
Some of the key players in global Bioinsecticides market are Syngenta AG, Bayer Cropscience AG, Isagro SPA, BASF SE, Valent Biosciences Corporation, Agrilife, Monsanto, Marrone Bio Innovations, ADAMA India Private Limited, Certis LLC, Bioworks, Inc., Biotech International Ltd, DowDupont, FMC Corporation, Koppert Biological Systems, Sumitomo Chemical, Novozymes AS, Shandong Weifang Rainbow Chemical Co., Ltd., Nufarm, and Nissan Chemical Corporation.
• Bacillus Thuringiensis
• Verticillium Lecanii
• Beauveria Bassiana
• Metarhizium Anisopliae
• Other Types
Mode Of Actions Covered:
• Natural Insecticides
• Plant Extract
• Insect Viruses
• Liquid Formulation
• Dry Formulation
• Mating Disruption
Mode of Applications Covered:
• Soil Treatment
• Foliar Spray
• Seed Treatment
• Insects and Mites
• Soil Insects
• Fruits & Vegetables
• Pulses & Oilseeds
• Grains & Cereals
• Commercial Crops
• Turfs & Ornamentals
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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