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(MoneyNewsWire.Net, October 16, 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.
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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.
Key points from TOC:
• Introduction
• Research Methodology
• Overview
• Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
• Market Segmentation
• Strategic Analysis
• Market Leaders' Analysis
• Competitive Landscape
• Market Outlook and Investment Opportunities
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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.
Scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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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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