North America Bioinsecticides Market was worth USD 370 Million in 2016 and is expected to reach USD 840 Million by 2021 with a CAGR of 17.7 %.
Bioinsecticides are organic formulations that are used to kill pests or insects which cause damage to crops. They are completely different from synthetic insecticides. They contain live bacteria which produces toxins that kill insects and bugs. These toxins don’t have harmful effects on humans or environment. Unlike these chemical insecticides, these bio-insecticides gives everlasting protection to crops and also soil.
Factors such as rise in crop loss due to insects and diseases, changing farming practices, and development of pest-resistance to various chemicals, increasing demand for eco-friendly products are driving the North America market. However, some of the factors like the Stringent Regulations on pesticide use is slowing down growth of the North America market.
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North America 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, 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, post-harvest. Based on Mechanism, Market is segmented into Mating Disruption, Anti-Feeding, Suffocation, and Desiccation. Geographically, this market is further segmented in to US and Canada. North America has the highest share in the market owing to the developed agricultural practices.
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Some of the Major Players in this 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.
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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