Market Overview:

Bioinsecticides are biological agents used to kill pests that are harmful to plants. This includes bacteria, fungi, viruses and insect pests. Some of the crops are modified by genetic engineering, introducing cry thuringeneis genes to develop resistance to insects. Therefore, technological advances in genetic engineering and production processes will improve the biological insecticides in the market. The global organic insecticide market was at USD 2.3 billion in 2019 and is expected to reach USD 5.5 billion by 2024, with a compound annual rate of 19.29%.

 

Market Drivers and Restraints:

The increase in crop loss due to insects and diseases, the development of pesticide resistance in various chemicals, the change in cultivation practices and the growth of pest management industries are some of the critical factors that drive the world market. However, some of the factors such as strict EPA regulations on pesticide use slow down industry growth.

 

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Report segmented as

By Crop Type:

Cereals & Grains,
Oilseeds & Pulses,
Fruits & Vegetables
By Type:

Pathogens (Bacillus Thuringiensis, Beauveria Bassiana, Verticillium Lecanii, Metarhizium Anisopliae And Others),
Parasites,
Predators,
Natural Insecticides
By Application:

Soil Treatment,
Foliar Spray,
Seed Treatment,
Post-harvest
By Mechanism:

Mating Disruption,
Suffocation,
Anti-Feeding,
Desiccation
Geographical Analysis:

Geographically, this marketplace is additionally segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America has the largest share in the market owing to increase in eco-friendly farming practices in the region. However, the Asia Pacific region, with the growing population and their demand for food, is expected to create a promising future for the bioinsecticides in the coming years.

Important Market Players:

Chief companies 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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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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