The report presents an in-depth assessment of the Global Bioinsecticide including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Bioinsecticide investments from 2019 till 2024.
The global market for bioinsecticides was valued at USD 1,457.8 million in 2018, and it is expected to reach USD 2,820.1 million by 2024, witnessing a CAGR of 12.34% during the forecast period 2019-2024.
Bioinsecticides hold around half of the global pesticides market. Over 6,000 plant species have been identified, which possess insecticidal properties. In insect pest management, a number of plant products derived from neem, custard apple, tobacco, pyrethrum, etc., have been used as safe insecticides..
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Top Leading Manufactures-
BASF SE, Bayer Cropscience AG, Bioworks, Inc., Certis LLC, Corteva Agriscience, Isagro Spa, Koppert Biological Systems, Marrone Bio innovations, Novozymes AS, Valent Biosciences Corporation
The global market for bioinsecticides is highly fragmented with smaller players occupying 76% of the market in 2018.
Key Market Trends
Fruits and Vegetables Occupy the Largest Share By Application
Among application areas for bioinsecticides, fruits and vegetables occupy the largest share by application. Our analysis shows that lately, 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. In general, biocontrol producers represent around 1% of the chemical pesticide sales. Biocontrol agents for weeds are nor marketed. Thus, considering that in the market, there are only biocontrol agents for insects and plant diseases, the percentage of that market share rises to 2%. Optimistic estimates project that sales of biopesticides could reach 10% by 2020.
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South America is the Fastest Growing Market for Bioinsecticides
South America is estimated to witness the highest CAGR in the forecast period of 2019-2024. In South America, Bt-based products cover about 40% of the market. Most of the bioinsecticide production in the region is carried out at the local level, with the involvement of local governments and NGOs. South America is projected to experience the fastest growth in the coming five years, driven by rapidly emerging resistance among insect. Brazil has accounted for the largest share of the market in South America in the past five years. Approximately, the 40 commercial mycoinsecticides present in the Brazilian market are provided by 19 for-profit companies. In Brazil, where there is an overwhelming need to improve soil health and crop productivity, microbial science in agriculture is just getting started. Currently, imported products based on Bt are used in Argentina to control Rachiplusia nu and A. gemmatalis. However, their use is not extensive, since the market is dominated by chemical pesticides, particularly pyrethroids. Research on these products is still hampered by the severe economic crisis faced in recent yearsWhat are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Global Bioinsecticide Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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