Global Bioinsecticide Market - Segmented by Product, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)
Global Bioinsecticide Market
The global bioinsecticide market was estimated at USD 1,212.6 million in 2016 and is expected to register a CAGR of 11.7% over the forecast period. The key market players majorly focus on new product launches and partnerships to expand their market presence.
Increasing Demand for Food Safety and Quality Driving the Market
The increase in average income all over the world has led to a huge demand for safe and quality food. People now prefer buying organically approved food and they specifically look for the certification label to ascertain the origin of the product. Governments of various countries are also introducing stringent methods to ascertain the quality of the food. This aspect is driving the farmers to use more and more bio-based products, and using bioinsecticides for their crops.
Fruit and Vegetable: The Largest Market for Bioinsecticides
Among application areas for bioinsecticides, fruits and vegetables occupy the largest share by application. Our analysis shows that lately, many fruits and vegetables have tested positive for the presence of pesticides. This has decreased the demand for chemical pesticide-treated fruits and vegetables. Bioinsecticides have a relatively lower residue level and are a perfect fit for the treatment of fruits and vegetables and hence fruit and vegetable forms the largest application area for bioinsecticides.
Major Players: BIOWORKS INC., BASF, BAYER CROPSCIENCE AG, MARRONE BIOINNOVATIONS, CERTIS LLC, DUPONT, ISAGRO SPA, MONSANTO, NOVOZYME BIOLOGICALS, VALENT BIOSCIENCES CORPORATION, AND KOPPERT BIOLOGICAL SYSTEMS, among others.
Reasons to Purchase the Report
To understand the fastest growing regions in the global bioinsecticides market and their growth trends during the forecast period
The report outlines drivers, restraints, and trends that are currently affecting the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The report covers in-detail insights about the competitors, along with company share analysis
Identify the latest developments, market shares, and strategies employed by the major market players
3 month analyst support, along with the Market Estimate sheet (in Excel)
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.