Global Bioinsecticides Market is expected to reach USD 3.18 Billion by 2021 with
Posted by MDFtrends on November 15th, 2017
Global Bioinsecticides Market was worth USD 1.372 Billion in 2016 and is expected to reach USD 3.18 Billion by 2021 with a CAGR of 18.3 %.
Bioinsecticides are biological agents used to kill pests that are harmful to plants. Every pest has its natural enemy which reduces its numbers. That includes bacteria, fungi, viruses, and insect parasitoids. For an example Bacteria like Bacillus thuringenesis is effective against the cabbage looper which is caused by insect called Trichoplausiani. Some of the crop plants are modified through genetic engineering technique by inserting cry genes of thuringenesis to develop resistance against the insects. So, the technological advancements in genetic engineering and manufacturing processes will strengthen the biological insecticides in the marketplace.
Rise in crop loss due to insects and diseases, development of pest-resistance to various chemicals, changing farming practices, and growing pest management industries are some of the major factors driving the market. However, some of the factors like the Stringent Regulations by EPA on pesticide use is slowing down growth of the market.
Bioinsecticides Market is segmented on the basis of Type, Crop Type, Mode of Application, Formulation and Mechanism. Based on Type, Market is segmented into Predators, Pathogens, Parasites, and Natural insecticides. The pathogens are further segmented into Bacillus Thuringiensis, Beauveria Bassiana, Verticillium Lecanii, Metarhizium Anisopliae and others. Based on Crop Type, Market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and others. Based on Formulation, Market is segmented into Dry and Liquid. Based on Mode of Application, Market is further segmented into Soil treatment, seed treatment, foliar spray, and post-harvest. Based on Mechanism, Market is segmented into Mating Disruption, Anti-Feeding, Suffocation, and Desiccation. Fruits & Vegetables accounted for largest crop type segment owing to increased consumption of Fruits & Vegetables all over the world.
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Geographically, this market is further segmented in to North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America has the largest share in the market owing to rise in eco-friendly farming practices in North America.
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Global Bioinsecticides Market: Key Players
Major Players in the global Bioinsecticides market are Valent Biosciences Corporation, Syngenta AG, Bayer Crop Science AG, E. I. du Pont de Nemours and Company, Novozymes A/S, and Koppert B.V.
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