Latest Regulatory Trends Impacting the Bioinsecticides Market

Northbrook, USA, 2020-Sep-22 — /EPR Network/ — The global bioinsecticides market size 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 increasing area under organic cultivation and growing concerns toward the impact of pesticide use on biodiversity is leading to the growth of the bioinsecticide industry.

The role of Integrated Pest Management (IPM) practices in biological crop protection has been gaining importance worldwide. The government has been supportive of the adoption of bioinsecticides through imposing laws and policies, which are in sync with the sustainability of the environment. Strategic developments such as expansions, new product launches, collaborations, and agreements have been adopted by the majority of key players to strengthen the bioinsecticides market.

Market Size Estimation:

The biopesticides market was considered as a parent market for arriving at the global market value for different child market segments in this report. The key trends of the bioinsecticides industries have been identified and studied in this report. The top-down approach has been used extensively to estimate the size of various dependent submarkets. The research methodology used to estimate the market size includes the following:

• The key players have been identified through extensive secondary research.
• All percentage shares have been determined using secondary sources and verified through primary sources.
• All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data at a regional level.
• The research included the study of the reports, reviews, and newsletters of top market players along with extensive interviews for opinions from leaders such as CEOs, directors, and marketing executives.

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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.

The markets in South America and Asia Pacific to witness tremendous growth during the forecast period.

The increase in agriculture cultivation has led to the use of quality inputs to obtain better crop performance. The need to maintain minimum residual levels in food products and high growth prospects for organic food has been driving the bioinsecticides market in these regions. Stringent regulations in these countries to limit excessive chemical application is also driving the market. The demand for export-quality fruits and vegetables in Europe and North American region has compelled the farmers to take up sustainable solutions in farming. Even the government has aided through the banning of pesticides so that the adoption of biological solutions grows exponentially. Various key companies are investing in these regions to expand the bioinsecticides business strategically.

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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.

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