Bioinsecticides Market Size, Share, Opportunities, And Trends By Type (Baculoviridae, Bacillus Thuringiensis, Beauveria Bassiana, Verticillium Lecanii, Metarhizium Anisopliae), And By Geography - Forecasts From 2023 To 2028

  • Published : Mar 2023
  • Report Code : KSI061614569
  • Pages : 135

Bioinsecticides are natural substances used on crops to eradicate insects that consume them. They are alive with bacteria that create poisonous poisons that suffocate and kill insects. Almost half of the worldwide pesticide market is made up of bioinsecticides. Many plant-based compounds made from neem, custard apple, tobacco, pyrethrum, etc. have been employed as secure pesticides in the management of insect pests.

The use of bioinsecticides in agricultural areas benefits both the environment and the producers in numerous ways. The fact that bioinsecticides are made from natural resources and are therefore environmentally benign is their greatest potential benefit. As no chemicals are utilized, the usage of bioinsecticides leaves no chemical residue on the soil, crops, water, or even on people's health. As it uses standard techniques or processes, there are no hazardous aftereffects or cross-resistances.

The need for bioinsecticides is being fueled by several causes, including the increasing frequency of crop diseases, the effects of changing climatic conditions on the crop, and the negative consequences of conventional insecticides, among others. The health of humans is severely impacted by chemical pesticides. When chemical pesticides are sprayed on people, they can cause burning eyes, blisters, rashes, blindness, nausea, dizziness, diarrhea, and even death. Farmers and producers are becoming more knowledgeable of the negative impacts of using conventional pesticides.

An increase in agricultural productivity will fuel market expansion throughout the predicted period.

Sophisticated irrigation techniques, high-yield seed types, and agricultural pesticides like insecticides are used to increase agricultural production. Most nations have seen large increases in output and productivity; examples are UK's and US's maize and wheat yields. Without the usage of bioinsecticides, there would be a significant economic loss on a worldwide scale, according to the FAO. In the end, a severe pest infestation—especially in the early stages of crop establishment—accounts for a decrease in production. Insecticides are useful in that they offer both financial and labor advantages, which reduce crop loss.

Organic agricultural products to upsurge the market for bioinsecticides.

As more people become aware of the negative consequences of agricultural chemicals, there is an increasing global demand for organic agricultural goods. Nowadays, consumers in industrialized countries are far more interested than they were fifty years ago in learning about the processes used to make the food items they consume. As a result, there are now more possible business prospects due to the rising demand for organic agricultural goods. Also, there is a certain potential for market expansion due to the expanding trend of greenhouse farming. Growing flowers in greenhouses gives farmers the ability to keep strong, healthy plants as well as many other specialized benefits, like the ability to create the optimum atmosphere and have better control over insect activity.

South America is projected to be the prominent market shareholder in the bioinsecticides market and is anticipated to continue throughout the forecast period.

South America is anticipated to have the maximum market share. Bt-based goods account for around 40% of the market in South America. Local governments and Organizations work with bioinsecticide producers to produce the majority of them locally in the area. In the next five years, South America is expected to expand at the quickest rate due to the rapidly spreading insect resistance. Around 19 for-profit businesses supply the 40 commercial mycoinsecticides that are available on the Brazilian market. Microbial research in agriculture is only getting started in Brazil, where there is a dire need to increase crop yield and soil health. Argentina now uses imported Bt-based products to manage Rachiplusia nu and A. gemmatalis. However, due to the market's dominance by chemical pesticides, notably pyrethroids, their usage is not widely spread. The severe economic crisis seen over the past several years continues to hinder research on these items.

Market Key Developments

  • In March 2022, A final agreement to merge Marrone Bio Innovations Inc. with Bioceres Crop Solutions Corp. in an all-stock transaction was announced. This transaction will bring together MBI's competence in the development of biological crop protection and plant health solutions with Bioceres' expertise in bio nutrition and seed care products, establishing a global leader in the creation of sustainable agriculture solutions.
  • In January 2021, Grandevo and Venerate bioinsecticides will be developed and sold in Chile in cooperation with Anasac (Chile) and Marrone Bio Innovations.

Bioinsecticides Market Scope:

 

Report Metric Details
Growth Rate CAGR during the forecast period
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Billion
Segments Covered Type and Geography
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered BASF SE, Agriplex, BioWorks Inc, Certis LLC, Corteva, Isagro (Gowan Company LLC), Koppert, Marrone Bio Innovations (Pro Farm Group Inc), Novozymes, Valent Biosciences Corporation
Customization Scope Free report customization with purchase

 

Segmentation:

  • By Type
    • Baculoviridae
    • Bacillus Thuringiensis
    • Beauveria Bassiana
    • Verticillium Lecanii
    • Metarhizium Anisopliae
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • UK
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Taiwan
      • Thailand
      • Indonesia
      • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. BIOINSECTICIDES MARKET ANALYSIS, BY TYPE

5.1. Introduction

5.2. Baculoviridae

5.3. Bacillus Thuringiensis

5.4. Beauveria Bassiana

5.5. Verticillium Lecanii

5.6. Metarhizium Anisopliae

6. BIOINSECTICIDES MARKET ANALYSIS, BY GEOGRAPHY

6.1. Introduction

6.2. North America 

6.2.1. USA

6.2.2. Canada

6.2.3. Mexico

6.3. South America 

6.3.1. Brazil

6.3.2. Argentina

6.3.3. Others

6.4. Europe 

6.4.1. UK

6.4.2. Germany

6.4.3. France

6.4.4. Italy

6.4.5. Spain 

6.4.6. Others

6.5. Middle East and Africa 

6.5.1. Saudi Arabia

6.5.2. UAE

6.5.3. Others

6.6. Asia Pacific 

6.6.1. China

6.6.2. Japan

6.6.3. India

6.6.4. South Korea

6.6.5. Australia 

6.6.6. Thailand

6.6.7. Indonesia 

6.6.8. Taiwan 

6.6.9. Others

7. COMPETITIVE ENVIRONMENT AND ANALYSIS

7.1. Major Players and Strategy Analysis

7.2. Emerging Players and Market Lucrativeness

7.3. Mergers, Acquisitions, Agreements, and Collaborations

7.4. Vendor Competitiveness Matrix

8. COMPANY PROFILES

8.1. BASF SE

8.2. Agriplex 

8.3. BioWorks Inc

8.4. Certis LLC

8.5. Corteva 

8.6. Isagro (Gowan Company LLC)

8.7. Koppert 

8.8. Marrone Bio Innovations (Pro Farm Group Inc)

8.9. Novozymes 

8.10. Valent Biosciences Corporation


BASF SE

Agriplex

BioWorks Inc

Certis LLC

Corteva

Isagro (Gowan Company LLC)

Koppert

Marrone Bio Innovations (Pro Farm Group Inc)

Novozymes

Valent Biosciences Corporation