Bioinsecticides Market Growth | Trends & Forecasts upto 2025 | COVID-19 Impact on Bioinsecticide

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MarketsandMarkets Presents
Bioinsecticides Market - Forecast to
2025 https//www.marketsandmarkets.com/Market-Repo
rts/bioinsecticides-market-53876759.html

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The report "Bioinsecticides Market by Organism
Type (Bacteria Thuringiensis, Beauveria Bassiana,
and Metarhizium Anisopliae), Type (Microbials and
Macrobials), Mode of Application, Formulation,
Crop Type, and Region - Global Trends Forecast
to 2025" The global bioinsecticides market is
projected to grow at a CAGR of 15.8 from an
estimated value of USD 2.2 billion in 2020 to
reach USD 4.6 billion by 2025. The
bioinsecticides market is driven by factors such
as an increase in acceptance of organically grown
crops, growth in concerns regarding the hazards
of using pesticides, demand for residue-free
high-value crops, and gradual phase-out of key
active ingredients and government policies that
are favoring the implementation of
bioinsecticides. Browse 104 market data tables
and 47 figures spread through 193 pages and
in-depth TOC on "Bioinsecticides Market - Global
Trends Forecast to 2025 The increasing demand
for bioinsecticides in the North American region
is projected to drive the market. The North
American region accounted for the majority of the
global bioinsecticides market share in 2019. The
US is one of the leading countries for the export
of various fruits and vegetables. Consumers are
shifting their eating habits to residue-free crop
produce. An increase in the awareness of
pesticide residue levels in crops is driving the
adoption of bioinsecticides. Also, the huge
presence of companies in the US has led to
investments and research on biological crop
protection products. Download PDF Brochure
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• Report Objectives
• To describe, segment, and project the global
  market size for the bioinsecticides market
• To offer detailed information about the key
  factors influencing the growth of the market
  (drivers, restraints, opportunities, and
  industry-specific challenges)
• To evaluate the micro-markets, concerning
  individual growth trends, prospects, and their
  contribution to the total bioinsecticides market
• To propose the size of the submarkets, in terms
  of value, for various regions
• To profile the major players and comprehensively
  analyze their core competencies
• To understand the competitive landscape and
  identify the major growth strategies adopted by
  the players across key regions
• To analyze the competitive developments such as
  expansions investments, mergers acquisitions,
  new product launches, partnerships, joint
  ventures, and agreements
• Secondary Research
• In the secondary research process, various
  secondary sources, such as Hoovers, Bloomberg
  BusinessWeek, and Dun Bradstreet, were referred
  to identify and collect information for this
  study. These secondary sources included annual
  reports, press releases investor presentations
  of companies, white papers, certified
  publications, articles by recognized authors,
  gold standard silver standard websites, food
  safety organizations, regulatory bodies, trade
  directories, and databases.
• Request for sample Pages https//www.marketsandma
  rkets.com/requestsampleNew.asp?id53876759

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By organism type, the baculovirus segment is
projected to dominate the bioinsecticides market
during the forecast period. With the ban of key
synthetic pesticides, there is a significant
growth in the usage of bioinsecticides.
Baculovirus is an effective biocontrol agent that
does not harm the health of applicators, do not
kill natural enemies of pests, do not contaminate
the environment, or leave residues in the
products these are some of the driving factors
for the growth of baculovirus as a
bioinsecticide. The US has been one of the key
markets for using virus-based bioinsecticides.
Due to its effectiveness in killing invasive
pests, it has boosted the growth of the
baculovirus market. By crop type, the fruits
vegetables segment is projected to be the
fastest-growing segment in the bioinsecticides
market during the forecast period. Increasing
demand for high-value crops grown under organic
farming is driving market growth. With the change
in dietary habits, farmers are compelled to
cultivate crops organically using inputs that are
devoid of harmful chemicals. There is huge
infestation witnessed in fruits and vegetables
both in open fields and greenhouses. To meet the
export demand for residue-free crops, farmers are
implementing the use of bioinsecticide in
combination with conventional chemicals. These
are some of the key reasons that are driving the
adoption of bioinsecticides in the fruits
vegetables segment. Make an Inquiry
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• This report includes a study of the marketing and
  development strategies, along with the product
  portfolio of leading companies in the global
  bioinsecticides market. These companies include
  BASF SE (Germany), Bayer AG (Germany), Biobest
  Group NV (Belgium), Certis USA LLC (US) Novozymes
  A/S (Denmark), Marrone Bio Innovations (US),
  Syngenta AG (Switzerland), Nufarm (Australia),
  Som Phytopharma India Ltd (India)  Valent
  Biosciences LLC (US), BioWorks Inc. (US) Camson
  Biotechnologies Ltd (India), Andermatt Biocontrol
  AG (Switzerland), International Panaacea Ltd
  (India), Kan Biosys (India), Futureco Bioscience
  S.A. (Spain), KilPest India Ltd (India), BioSafe
  Systems, LLC. (US), Vestaron Corporation (US),
  and SDS Biotech K.K (Japan), among others.
• Recent Developments
• In March 2020, Marrone Bio Innovations signed an
  agreement with Anasac (Chile) to develop and
  distribute Grandevo and Venerate bioinsecticide
  in Chile.
• In March 2020, Andermatt Biocontrol AGs Madex
  Top product was approved to be used in Sweden and
  Israel, to control codling moth in pome fruit
  orchards.
• In October 2019, Nufarm opened a new
  manufacturing facility in Greenville,
  Mississippi, US, which will allow the company to
  support its expanding portfolio and provide
  customers with high-quality crop protection
  products.
• In July 2019, a new biological insecticide named
  Velifer was launched by BASF SE for pest control
  in vegetable crops, registered for use in
  Australia.
• In March 2019, Syngenta AG launched its first
  bioinsecticide, Costar, in Portugal. The
  formulation is based on the strain of Bacillus
  spp., for use in more than 50 crops in European
  countries.
• Speak to Analyst https//www.marketsandmarkets.co
  m/speaktoanalystNew.asp?id53876759

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