Microbial Biorational Pesticide Market
Microbial Biorational Pesticide Market Forecasts to 2028 - Global Analysis By Type (Insecticides, Fungicides and Nematicides), By Application (Nematicides, Soil treatment and Trunk injection) and Geography
Years Covered |
2020-2028 |
Estimated Year Value (2022) |
US $1.31 BN |
Projected Year Value (2028) |
US $2.44 BN |
CAGR (2022 - 2028) |
10.8% |
Regions Covered |
North America, Europe, Asiap Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
North America |
Fastest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Microbial Biorational Pesticide Market is accounted for $1.31 billion in 2022 and is expected to reach $2.44 billion by 2028 growing at a CAGR of 10.8% during the forecast period. Microbial Biorational Pesticides are pesticides that use naturally occurring or bioengineered microorganisms and other products such as enzymes and metals. These biopesticides can be used to control a wide range of insect pests on a variety of crops while being less toxic than conventional chemicals. Microbial bioregulators can be more beneficial than traditional synthetic pesticides because they do not harm the environment or non-target organisms such as pollinators.
According to the standards set by the Environmental Protection Agency (EPA), the application of biorational pesticides poses a lesser risk to animals and the environment, where it provides lucrative opportunities for the market to grow.
Market Dynamics:
Driver:
Organic crops & usage of conventional technology
The growing demand for residue-free organic crops, as well as the increasing use of environmentally sustainable conventional technology, are driving the market for microbial biorational pesticides. The agricultural sector's expansion and the increasing use of integrated pest management are driving the market forward. The market has grown significantly as a result of factors such as consumer shifts toward organic food and large crop losses due to pest attacks. Moreover, advances in agricultural practises and technology are propelling the global microbial biorational pesticides market forward.
Restraint:
Lack of awareness among farming communities
The global microbial biorationals market is hampered by a lack of awareness among farming communities and the comparatively low efficiency of natural pesticides in pest control. One of the main market constraints when compared to traditional pesticides is a slower rate of control, as well as lower effectiveness and shorter persistence.
Opportunity:
Government initiatives to promote non-toxic pesticides
The government's initiatives to promote the use of microbial biorational pesticides due to their non-toxic properties and low environmental impact, as well as the product's growing adoption as it contributes to the management of plant biotic stress and the development of outbreaks, have an impact on the global microbial biorational pesticide market. Concerns about the toxicity of chemical pesticides, which cause soil leaching and disruption of the environmental food pyramid, as well as growing consumer awareness of environmental issues, are also driving the microbial biorational pesticides market.
Threat:
Short shell life and limited availability of products
The limited market availability of the products and the short shelf life of these pesticides are likely to suppress the growth of the market. Furthermore, because biopesticides are not as durable as traditional pesticides, they require a higher level of expertise on the part of the grower in order to be used effectively. Additionally, high rates of degradability and high production costs are also expected to limit the microbial biorational pesticide market growth over the forecast period.
Covid-19 Impact
Coronavirus and the blockade that began in March 2020 in an attempt to contain its spread have had a significant economic impact that has affected all sectors of the economy. Agriculture markets are no exception. Despite the fact that food is a commodity that, in concept, is not subject to movement restrictions, the spread of the new coronavirus disease has had a significant impact on food markets. The impact was manifested as supply and demand shocks. Labour and logistical constraints exist on the supply side of the value chain. All of these factors have an impact on the quantities of goods reaching wholesale markets that feed retail outlets, as well as the prices at which trade occurs.
The Foliar spray segment is expected to be the largest during the forecast period
During the forecast period, foliar spray is expected to be the largest segment because foliar spray helps in limiting pest attacks and also because of its wide usage. Foliar spray is an extremely effective method of applying fertilisers directly to the plants. Pesticides can be easily applied in a short period of time using foliar application, allowing them to address demands quickly. This method is also the most cost-effective for applying insecticides to crops; such factors encourage the use of foliar sprays, which helps the market grow.
The Insecticides segment is expected to have the highest CAGR during the forecast period
The Insecticides segment is anticipated to witness the highest CAGR growth during the forecast period due to the growing demand for natural insecticides to control insect growth. In several countries, the government is also encouraging the use of natural pesticides instead of chemical pesticides. Conventional insecticides such as organochlorines, which are used to kill insects such as mosquitos, are being replaced with microbial biorational insecticides.
Region with largest share:
During the forecast period, North America holds the largest share in the market due to increased demand for microbial biorational pesticides in countries such as the United States and Canada, as well as high demand for organic food. Additionally, farmers are becoming more aware of natural pesticides. The growing popularity of organic products is expected to drive market demand for microbial biorational pesticides. The growing awareness of the negative environmental impact of synthetic pesticides drives demand for new product formulations, thereby supporting the growth of the North American region.
Region with highest CAGR:
Because of ongoing technological research and development activities in the field of microbial biorationals, the Asia Pacific region is expected register highest CAGR growth. Rising demand from India, Mexico, and China for low-cost, high-quality organic commodities has compelled crop producers to increase productivity while minimising pest-related losses. Asia Pacific is characterised by profitable growth, owing primarily to a high demand for low-cost and efficient synthetic pesticides. Moreover, strict MRL regulatory standards in the aforementioned regions are expected to drive demand for microbial biorationals pesticides in the coming years.
Key players in the market
Some of the key players profiled in the Microbial Biorational Pesticide Market include Agralan Ltd, Bayer, Syngenta, Monsanto Bioag, BASF SE, Dowdupont, Valent Biosciences, Isagro SAP, Koppert, Marrone Bio Innovations and Russell IPM.
Key Developments:
In 2021, Valent BioSciences, a global leader in Biorational solutions launched MetaLarv XRP. The new product by Valent helps to protect against mosquitoes with the use of Triple Release technology. MetLarv also helps to destroy breeding ground of the West Nile virus
Types Covered:
• Insecticides
• Fungicides
• Nematicides
Applications Covered:
• Foliar spray
• Soil treatment
• Trunk injection
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Microbial Biorational Pesticide Market, By Type
5.1 Introduction
5.2 Insecticides
5.3 Fungicides
5.4 Nematicides
6 Global Microbial Biorational Pesticide Market, By Application
6.1 Introduction
6.2 Foliar spray
6.3 Soil treatment
6.4 Trunk injection
7 Global Microbial Biorational Pesticide Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Agralan Ltd.
9.2 Bayer
9.3 Syngenta
9.4 Monsanto Bioag
9.5 BASF SE
9.6 Dowdupont
9.7 Valent Biosciences
9.8 Isagro SAP
9.9 Koppert
9.10 Marrone Bio Innovations
9.11 Russell IPM
List of Tables
1 Global Microbial Biorational Pesticide Market Outlook, By Region (2020-2028) ($MN)
2 Global Microbial Biorational Pesticide Market Outlook, By Type (2020-2028) ($MN)
3 Global Microbial Biorational Pesticide Market Outlook, By Insecticides (2020-2028) ($MN)
4 Global Microbial Biorational Pesticide Market Outlook, By Fungicides (2020-2028) ($MN)
5 Global Microbial Biorational Pesticide Market Outlook, By Nematicides (2020-2028) ($MN)
6 Global Microbial Biorational Pesticide Market Outlook, By Application (2020-2028) ($MN)
7 Global Microbial Biorational Pesticide Market Outlook, By Foliar spray (2020-2028) ($MN)
8 Global Microbial Biorational Pesticide Market Outlook, By Soil treatment (2020-2028) ($MN)
9 Global Microbial Biorational Pesticide Market Outlook, By Trunk injection (2020-2028) ($MN)
10 North America Microbial Biorational Pesticide Market Outlook, By Country (2020-2028) ($MN)
11 North America Microbial Biorational Pesticide Market Outlook, By Type (2020-2028) ($MN)
12 North America Microbial Biorational Pesticide Market Outlook, By Insecticides (2020-2028) ($MN)
13 North America Microbial Biorational Pesticide Market Outlook, By Fungicides (2020-2028) ($MN)
14 North America Microbial Biorational Pesticide Market Outlook, By Nematicides (2020-2028) ($MN)
15 North America Microbial Biorational Pesticide Market Outlook, By Application (2020-2028) ($MN)
16 North America Microbial Biorational Pesticide Market Outlook, By Foliar spray (2020-2028) ($MN)
17 North America Microbial Biorational Pesticide Market Outlook, By Soil treatment (2020-2028) ($MN)
18 North America Microbial Biorational Pesticide Market Outlook, By Trunk injection (2020-2028) ($MN)
19 Europe Microbial Biorational Pesticide Market Outlook, By Country (2020-2028) ($MN)
20 Europe Microbial Biorational Pesticide Market Outlook, By Type (2020-2028) ($MN)
21 Europe Microbial Biorational Pesticide Market Outlook, By Insecticides (2020-2028) ($MN)
22 Europe Microbial Biorational Pesticide Market Outlook, By Fungicides (2020-2028) ($MN)
23 Europe Microbial Biorational Pesticide Market Outlook, By Nematicides (2020-2028) ($MN)
24 Europe Microbial Biorational Pesticide Market Outlook, By Application (2020-2028) ($MN)
25 Europe Microbial Biorational Pesticide Market Outlook, By Foliar spray (2020-2028) ($MN)
26 Europe Microbial Biorational Pesticide Market Outlook, By Soil treatment (2020-2028) ($MN)
27 Europe Microbial Biorational Pesticide Market Outlook, By Trunk injection (2020-2028) ($MN)
28 Asia Pacific Microbial Biorational Pesticide Market Outlook, By Country (2020-2028) ($MN)
29 Asia Pacific Microbial Biorational Pesticide Market Outlook, By Type (2020-2028) ($MN)
30 Asia Pacific Microbial Biorational Pesticide Market Outlook, By Insecticides (2020-2028) ($MN)
31 Asia Pacific Microbial Biorational Pesticide Market Outlook, By Fungicides (2020-2028) ($MN)
32 Asia Pacific Microbial Biorational Pesticide Market Outlook, By Nematicides (2020-2028) ($MN)
33 Asia Pacific Microbial Biorational Pesticide Market Outlook, By Application (2020-2028) ($MN)
34 Asia Pacific Microbial Biorational Pesticide Market Outlook, By Foliar spray (2020-2028) ($MN)
35 Asia Pacific Microbial Biorational Pesticide Market Outlook, By Soil treatment (2020-2028) ($MN)
36 Asia Pacific Microbial Biorational Pesticide Market Outlook, By Trunk injection (2020-2028) ($MN)
37 South America Microbial Biorational Pesticide Market Outlook, By Country (2020-2028) ($MN)
38 South America Microbial Biorational Pesticide Market Outlook, By Type (2020-2028) ($MN)
39 South America Microbial Biorational Pesticide Market Outlook, By Insecticides (2020-2028) ($MN)
40 South America Microbial Biorational Pesticide Market Outlook, By Fungicides (2020-2028) ($MN)
41 South America Microbial Biorational Pesticide Market Outlook, By Nematicides (2020-2028) ($MN)
42 South America Microbial Biorational Pesticide Market Outlook, By Application (2020-2028) ($MN)
43 South America Microbial Biorational Pesticide Market Outlook, By Foliar spray (2020-2028) ($MN)
44 South America Microbial Biorational Pesticide Market Outlook, By Soil treatment (2020-2028) ($MN)
45 South America Microbial Biorational Pesticide Market Outlook, By Trunk injection (2020-2028) ($MN)
46 Middle East & Africa Microbial Biorational Pesticide Market Outlook, By Country (2020-2028) ($MN)
47 Middle East & Africa Microbial Biorational Pesticide Market Outlook, By Type (2020-2028) ($MN)
48 Middle East & Africa Microbial Biorational Pesticide Market Outlook, By Insecticides (2020-2028) ($MN)
49 Middle East & Africa Microbial Biorational Pesticide Market Outlook, By Fungicides (2020-2028) ($MN)
50 Middle East & Africa Microbial Biorational Pesticide Market Outlook, By Nematicides (2020-2028) ($MN)
51 Middle East & Africa Microbial Biorational Pesticide Market Outlook, By Application (2020-2028) ($MN)
52 Middle East & Africa Microbial Biorational Pesticide Market Outlook, By Foliar spray (2020-2028) ($MN)
53 Middle East & Africa Microbial Biorational Pesticide Market Outlook, By Soil treatment (2020-2028) ($MN)
54 Middle East & Africa Microbial Biorational Pesticide Market Outlook, By Trunk injection (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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