Bioinsecticides Market To Grow With an Impressive CAGR During The Forecast Period
Global Bioinsecticides Market is driven by increasing demand
for higher yielding crops in the forecast period, 2023-2027.
According
to TechSci Research report, “Bioinsecticides Market - Global Industry Size,
Share, Trends, Opportunity and Forecast, 2017-2027”. The
global bioinsecticides market may show a robust growth in the forecast years,
2023-2027 with an anticipated CAGR value. The market growth can be attributed
to the factors like increasing demands for food security. Growing global
population and their demands for food long with growing concerns for increasing
hunger is driving the growth of the global bioinsecticides market in the
upcoming five years. Surge in the demand for higher yielding crops and thus
performed various development in the crops and agricultural practices that
involved advancement of the bioinsecticides are supporting the growth of the
global bioinsecticides market in the next five years. Bioinsecticides are
organic formulations that do not use harmful chemicals to irradicate crops from
insects. The bioinsecticides rather contains live bacteria that releases the
toxins that can kill and digest the insects thus saving the crops. Moreover,
increased demand for the organic food, awareness regarding pesticides residue
level and active adoption of integrated pest management practices is further
anticipated to substantiate the growth of the global bioinsecticides market in
the future five years. Along with the nutrient run off pesticides and
insecticides that are often applied over the crops gets washed away after rain
or crop watering processes. This insecticide and pesticide wash off to reach
neighboring water bodies and ultimately to the seas. This rises the concerns
for bioaccumulation, that is accumulation of the chemical toxins in the fishes
and its growing concentration as it moves up the food chain. Concerns regarding
saving marine life, providing hygienic and toxin less seafood, and growing
demand for the environment friendly insecticides have further aided to the
growth of the global bioinsecticides market in the forecast years, until 2027.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on " Global Bioinsecticides Market"
The
global bioinsecticides market segmentation is based on mode of application,
organism type, crop type, type, formulations, regional distribution, and
competitive landscape. Based on mode of application, the market is divided
among seed treatment, soil treatment, foliar spray, and others. Foliar spray is
anticipated to hold the largest revenue shares of the market and dominate the
market segment in the upcoming five years on the account of its easier and
feasible applications. Applying insecticides through foliar spray is also
cost-effective and is a better option for larger farms, thus drives the growth
of the global bioinsecticides market in the next five years.
Based
on crop type, the market is further bifurcated into cereals & grains,
oilseeds & pulses, fruits & vegetables, and others. Fruits &
vegetables are anticipated to hold the largest revenue shares of the market and
dominate the market segment in the upcoming five years due to higher risks of
fruits & vegetable plants to be destroyed by insects. Due to the higher
nutrient content and favorable flavors of the fruits and vegetables, the
insects attack such plants more thus demanding higher use of bioinsecticides
and along with aiding the growth of the global bioinsecticides market in the
future five years. Cereals & grains are also anticipated to register
significant growth in the next five years on the grounds of increase in
production of the cereals and grains. Increasing global population further
substantiates the growth of the segment along with the market.
Some
of the market players, dominating the global market are :
- Bayer CropScience AG
- Syngenta AG
- BASF SE
- Novozymes A/S
- Nufarm Limited
- Biobest Group NV
- Valent BioSciences LLC
- Kilpest India Limited
- Bioworks Inc.
- Certis U.S.A. LLC
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“Asia Pacific region is anticipated to
hold the largest revenue shares of the market due to growing agricultural
sector in the region. The countries like India and China are actively invested
and have expanded their agriculture industry multiple folds in the recent years.
Increasing investment, growing concerns to increase the yields of the food
crops, rapidly growing population of the countries are major factor behind the
growth of the global bioinsecticides market in the next five years. Also,
rising concerns regarding excessive use of chemically infused insecticides have
inclined the demands toward more organic and herbal insecticide products. Thus,
the demand for bioinsecticides that can easily remove insects from the food
crop along with being non-toxic to the environment is further driving the
growth of the global bioinsecticides market in the future five years,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global management
consulting firm.
“Bioinsecticides Market -
Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Mode of
Application (Seed Treatment, Soil Treatment, Foliar Spray, Others), By Organism
Type (Bacillus Thuringiensis, Beauveria Bassiana, Metarhizium Anisopliae,
Baculovirus, Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses,
Fruits & Vegetables, Others), By Type (Microbials v/s Macrobials), By
Formulation (Liquid v/s Dry), By Region”, has evaluated the future
growth potential of global bioinsecticides and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global bioinsecticides market.
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