Bioinsecticides Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Projected to expand at a healthy CAGR, the global bioinsecticides market is prognosticated to gain impetus due to surging incidences of pest attacks on fruit, flower, and vegetable cultivation spaces and agricultural fields. The increasing need to enlighten about biological pest control and factors such as product and technology development on the part of innovative offerings are envisaged to set the tone for a consistent growth in the global bioinsecticides market. The demand for innovative bioinsecticides could elevate significantly because of their application for broad crop portfolio and cost effectiveness.
Developed regions of the global bioinsecticides market could aggravate growth on the back of a tall demand for exotic vegetables and fruits and their frequent trade. Seed and soil treatments are expertly practiced with the inclusion of bioinsecticides for encouraging normal growth and development of crops and upgrading their immunity level. Crop growers increasingly engage liquid forms of bioinsecticides owing to their visible, non-abrasive, and easily applicable and mixable nature that saves cost and time.
Marrone Bio Innovations, Inc. has signed an agreement with Agri Star for the distribution and marketing of its two key bioinsecticides, viz. Venerate and Grandevo, throughout Mexico. Touting the environment-friendly make-up of its pest-control products, Marrone claims Venerate and Grandevo to help protect against a range of soil-inhabiting pests along with sucking and chewing mites and insects. One of the reasons Marrone has chosen Mexico for the sale of its products could be the key nature of the market that attracts a large consumption of agricultural products by Americans.
Bioinsecticides are microorganisms including fungi, viruses, and bacteria that can kill insects and other pests that hinder healthy crop growth. The presence of insects causes numerous problems in fruit or flower-bearing trees; they spoil the farm output and thus reduce the yield per hectare. Bioinsecticides do not persist for a long duration in the environment. They are effective in small quantities and their mode of action is slow and targeted. A large number of commercially available bioinsecticides are live microorganisms and hence their mode of action depends on optimum temperature, soil pH, and overall humidity.
Bioinsecticides are used to control aphids, jassids, thrips, stem and leaf borers, and maggots and mites. Crop, flower and fruit plants such as tomato, eggplant, pepper, gerbera, roses, chilies, cucumber, okra and cotton are some of the application areas of bioinsecticides. Bioinsecticides are antifeedent, ovicidal, and repellant on action. Some bioinsecticides kill insects by subjecting them to starvation through impairing their digestive systems. Bioinsecticides can be used in conjugation with other pesticides and rodenticides, by releasing them very close to the target area.
The use of viruses as bioinsecticides is practiced with caution. Viruses are not sprayed on the plants. They are used in highly diluted forms and released near roots. Examples of bioinsecticides viruses include ascovirus, iridovirus, baculovirus, cypovirus, and entomopoxvirus among others.
Environmental harm caused by synthetic insecticides and the growing awareness regarding the detrimental effect of synthetic insecticides have been highly favorable to the growth rate of the global bioinsecticides market. The growth of this market could also be attributed to the increasing instances of mutation in the natural flora and fauna and the infertility of soil caused due to the indiscriminate use of chemically prepared insecticides.
Bioinsecticides are relatively inexpensive owing to the simple culturing processes carried out in laboratories in order to synthesize them. This is expected to fuel the bioinsecticides market within the forecast period. However, their slow mode of action to bring about insecticidal effect is expected to hamper their relative growth rate for the immediate future. The growing agro-industry in Latin America and Asia Pacific is expected to open new avenues for the global bioinsecticides market over the forecast period.
Asia Pacific is a large consumer and producer of bioinsecticides, but trend is slowly catching up in Western Europe and North America as well. Countries such as Brazil, China, India, and Argentina hold large expanses of arable land and are leading users of bioinsecticides. The market also finds horticultural and floricultural applications and therefore extensive use in the flower valleys of the world, such as Switzerland. The use of Bacillus thuringiensis is crops is, however, banned in Europe. Crops are genetically modified to be resistant to bollworm and other insects. Seed treatment to combat insects by coating them with bioinsecticidal agents is another mode of application of bioinsecticides.
Research in the field of bioinsecticides is carried out on a large scale in the U.S., Germany, and Israel. Bacillus subtilis, Paecilomyces lilacinus, Beauveria bassiana, Metarhizium anisopliae, Verticilium lecanii are some of the widely used microorganisms as bioinsecticides. These are harmless to human beings but bring about insecticidal action on disease causing insect pests.
The leading players in the global bioinsecticides market to date have include Bayer AG, Certis, Monsanto, and Syngenta.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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