The global bioinsecticides market accounted for a value of USD 1.9 billion in 2019 and is projected to register growth at a CAGR of 13.3% during forecast period.
COVID-19 has impacted the bioinsecticides market but the impact is not significant. The manufacturing plants are operating and there is no significant impact on supply chain of bioinsecticides. Many manufacturing are operating across the world and the service providers are providing bioinsecticides products. All these manufacturing units and service providers ensure maximum safety and sanitation during COVID-19.
For more details, visit: Global Bioinsecticides Market By Type (Microbials and Macrobials), By Organism Type (Beauveria Bassiana, Baculovirus, Others), By Crop Type (Cereals & Grains, Others), By Mode of Application, By Region, Forecast & Opportunities to 2026
The use of synthetic pesticides are ban which leads increase in the growth of use of bioinsecticides. The area under organic cultivation is widely increasing and concerns towards the impact of pesticides on crops are increasing and this drives growth in the market for bioinsecticides during forecast period.
On the basis of organism type, the bioinsecticides market is segmented into beauveria bassiana, bacillus thuringiensis, metarhizium anisopliae, baculovirus and verticillium lecanii. The baculovirus segment is estimated to dominate the market during forecast period. Baculovirus is considered as an effective biocontrol agent that does not harm the health of applicators and do not kill natural enemies of pests. It does not contaminate the environment or does not leave residues in the products. The consumption of bioinsecticides is increasing and this drives growth in the baculovirus segment during forecast period.
On the basis of crop type, the bioinsecticides market is segmented into cereals & grains, fruits & vegetables, oilseeds & pulses and others. The fruits & vegetables segment is estimated to dominate the market during forecast period. The demand for organic food is increasing around the world as people are adopting the healthy lifestyle. The fruits and vegetables may witness huge infestation in open fields and greenhouses which increases requirement for bioinsecticides. The demand for export is rapidly increasing which leads to increase in demand for residue-free crops. Farmers are using bioinsecticides with conventional chemicals to grow crops without harmful effects. The demand for bioinsecticides is increasing and drives growth in fruits & vegetables segment during forecast period.
On the basis of mode of application, the bioinsecticides market is segmented into seed treatment, soil treatment, foliar spray and other. The foliar spray segment is estimated to be fastest growing segment during forecast period. The foliar spray mode of application is widely used by farmers. It helps in immediate recovery of pest infected crops. It is more effective and safe in application. The adoption of foliar spray is rapidly increasing and this drives growth in foliar spray segment during forecast period.
North America region is estimated to lead the market during forecast period. The export activities of various crops are increasing in this region. The consumers are shifting towards healthy eating habits and this increases requirement for residue free crops. The awareness of pesticide residue levels in crops are increasing and people are demanding production of residue free crops. This increases the demand and use of bioinsecticides. This drives growth in North America region in bioinsecticides market during forecast period.
The key market players in boinsecticides industry are Basf SE, Bayer AG, Syngenta AG, Marrone Bio Innovations, Novozymes A/S, Nufarm, Biobest Group NV, Som Phytopharma India Ltd., Valent Bioscience LLC, Kilpest India Ltd., Andermatt Biocontrol AG, International Panaacea Ltd., Bioworks Inc., Kan Biosys, Futureco Bioscience SA, Biosafe Systems, Certis USA LLC and Vestaron Corporation.
- What are the expected industry trends over the next three to five years?
- Which of the bioinsecticides type is likely to lead by 2026?
- Which of the application segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2026?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?