Description
The market is estimated to portray a CAGR of 12.58 during the forecast period i.e. 2020-2030. As per the report, rising organic farming and technological innovations to improvise farming yield are likely to drive the market for bioinsecticides in the coming years.
Expected to enlarge at a healthy CAGR, the global bioinsecticides market is predicted to acquire incentive owing to rising occurrences of insect attacks on fruit, flower, and vegetable farming spaces and agricultural lands. The rising demand for informing about biological bug control and aspects such as product and technology evolution on the part of advanced provisions are envisioned to set the tone for a constant development in the worldwide bioinsecticides market. The need for advanced bioinsecticides could escalate substantially owing to their application for wide crop collection and cost efficiency.
The market report on global bioinsecticides market comprises of the following in-depth analysis:
• The estimated value of the market in 2019 was USD 2,422.55 million.
• Based on insect type, the pathogens segment emerged out as a key segment in the bioinsecticides market across the globe.
• On the basis of crop type, the fruits & vegetables segment came out to be the leading segment of the market.
• Based on source, the microbial segment emerged to be the key segment in the market for bioinsecticides.
• On the basis of formulation, the liquid-based segment emerged to be the key segment in the market.
• Based on application, the foliar spray segment emerged to be the key segment in the market for bioinsecticides.
• Region-wise, the market in North America is witnessed to be the key market segment in the growth of the market.
• Key players are likely to focus on product innovations and expansion through union to retain their positions in developed markets.
Bio-insecticides are pesticides made from natural substances that are intended to handle or kill insects. These bio-insecticides are constituted of animals, plants, bacteria, or minerals obtained from nature. Bio-insecticides are spurted on the crop as a pest resistant to manage insects by drawing them towards trap or disturbing their breeding patterns. Bio-insecticides are organic creations which handle the insects that suckle on the crop. Utilization of chemical insecticides resulted in ecological pollution and a rise in human health issues. Crop fortification is the key element of the agricultural sector and chemistry has already offered various tools to fight with insects.
Global bioinsecticides market is segmented by insect type into pathogens (bacillus thuringiensis, beauveria bassiana, verticillium lecanii, metarhizium anisopliae, others), parasites, predators and natural insecticides. Among these, the pathogens segment emerged as the key segment, holding a market share of xx% in 2019. The market is segmented by crop type into cereals & grains, oilseeds & pulses, commercial crops, fruits & vegetables and others. Among these, the fruits & vegetables segment came out to be the key segment of the market, capturing xx% of the total market share in 2019. On the basis of source, the global bioinsecticides market is segmented into microbial, macrobial and biochemicals. Among these, the microbial segment came out to be the key segment of the market, capturing xx% of the total market share in 2019. Based on formulation, the market is categorized into liquid-based, water-dispersible, powder form and other forms. Among these, the liquid-based segment came out to be the key segment of the market, capturing xx% of the total market share in 2019. On the basis of application, the market for bioinsecticides is segmented into foliar spray, seed treatment, soil treatment and post-harvest. The foliar spray segment emerged as the leading segment in the market, holding xx% of the total market share in the year 2019. Region-wise, the worldwide bioinsecticides market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Among these, the market in North America is witnessed to be the key segment, acquiring xx% of the total market share in 2019.
Key Players in the Market
Some of the key players in global bioinsecticides market are BASF SE, Valent Biosciences LLC, Bayer AG, Som Phytopharma India Ltd., Biobest Group N.V., Nufarm, Certis LLC, Syngenta AG, Novozymes A/S and Marrone Bio Innovations.
Get Valuable Insights into Bioinsecticides Market
In the new report, Fatpos Global thrives to present an unbiased analysis the global bioinsecticides market that covers the historical demand data as well as forecast figures for the period i.e. 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The global bioinsecticides market is segmented by insect type into pathogens, parasites, predators and natural insecticides. The market is divided by crop type into cereals & grains, oilseeds & pulses, commercial crops, fruits & vegetables and others. On the basis of source, the market for bioinsecticides is divided into microbial, macrobial and biochemicals. Based on formulation, the market is categorized into liquid-based, water-dispersible, powder form and other forms. On the basis of function, the global bioinsecticides market is segmented into antibiosis, induced resistance, parasitism and inhibitor. Based on application, the market is classified into foliar spray, seed treatment, soil treatment and post-harvest. On the basis of crop timeline, the market is divided into permanent and seasonal. Region-wise, the market for bioinsecticides is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific.
