Press release
Microbial Pesticides Market Size, Insights and Volume Report 2023-2030
microbial pesticides market-DataM Intelligence
Global Microbial Pesticides Market Estimated to Reach US$ 2.1 Billion by 2030
The Global Microbial Pesticides Market, valued at US$ 1.3 billion in 2022, is on track to achieve substantial growth, projected to soar to US$ 2.1 billion by the year 2030. The market is witnessing a commendable Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period of 2023-2030, fueled by an escalating demand for safer alternatives amid increasing awareness about the detrimental effects of synthetic pesticides on human health and the environment.
Consumers are actively shifting towards more sustainable alternatives, driving the adoption of microbial pesticides. The market is responding with heightened research and development activities, leading to the introduction of advanced formulations with enhanced efficacy and prolonged shelf life. Continuous innovation in microbial pesticide products is anticipated to be a key driver for market expansion in the foreseeable future.
Microbial Pesticides Market Scope
CAGR: 6.3%
Forecast Period: 2023-2030
Size Available for Years: 2021-2030
Data Availability: Value (US$)
Segments Covered: By Ingredient Type, By Product Type, By Application
Regions Covered: North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Fastest Growing Region: Asia-Pacific
Largest Region: North America
Report Insights Covered: Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter's Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights.
Microbial Pesticides Market Dynamics and Trends
Download Sample: https://www.datamintelligence.com/download-sample/microbial-pesticides-market
Growing Demand for Organic Products Drives the Market Growth
The burgeoning demand for organic products is a significant catalyst propelling the global microbial pesticides market. Consumers, increasingly concerned about synthetic pesticides in conventional farming, are actively seeking safer and more environmentally friendly alternatives. This shift in consumer preferences is fueling the demand for organic products, driving the adoption of microbial pesticides for crop protection.
As the demand for organic products surges, farmers are embracing microbial pesticides for crop protection, creating a favorable market landscape for manufacturers. In response, the market is diversifying its product offerings specifically formulated for organic farming, targeting various pests and diseases.
Expansion of Agriculture and Horticulture Industries Creates an Opportunity for Market Growth
The expanding agriculture and horticulture sectors globally are driving the need for effective pest management solutions. This expansion is contributing to the increase in cultivated areas and crop production, creating a larger market for agricultural inputs, including microbial pesticides.
This expansion is also providing an opportunity for microbial pesticide manufacturers to enhance their market presence. As the demand for pest management solutions rises, companies in the microbial pesticides market are scaling up production capacities, developing new formulations, and introducing advanced products to meet the evolving needs of farmers and growers.
Lack of Awareness and Acceptance of Microbial Pesticides Hamper Market Growth
Despite the market's overall positive trajectory, there exists a challenge in the form of limited awareness and acceptance of microbial pesticides. Many farmers are unfamiliar with microbial pesticides and harbor misconceptions about their effectiveness compared to conventional chemical pesticides. This lack of awareness is hindering the widespread adoption of microbial pesticides as a pest management solution.
The long-standing dominance of chemical pesticides in the market is a contributing factor to the limited acceptance of microbial pesticides. Farmers, accustomed to the use of chemical pesticides, are hesitant to change established practices, restraining market growth.
To know more Insights: https://www.datamintelligence.com/research-report/microbial-pesticides-market
Microbial Pesticides Market Segmentation Analysis
Increasing Demand for Bacteria-Based Pesticides
The bacteria-based pesticides segment holds the largest share in the global microbial pesticides market. Bacteria-based pesticides, utilizing naturally occurring bacterial strains with pesticidal properties, are gaining recognition and acceptance among farmers and growers. The proven effectiveness of bacteria-based pesticides in targeting and controlling specific pests, coupled with their unique modes of action, is driving the growth of this segment.
As pesticide resistance among pests increases, there is a growing need for alternative pest control solutions. Bacteria-based pesticides, with their less likelihood of resistance development, are becoming a valuable option, further propelling the growth of this segment in the global microbial pesticides market.
Microbial Pesticides Market Geographical Share
Increasing Consumer Awareness and Demand for Organic and Pesticide-Free Products
Consumer awareness and the demand for organic and pesticide-free products are significant drivers of the microbial pesticides market in North America. Consumers in the region are increasingly concerned about the health and environmental impacts of chemical residues in food and are actively seeking organic and sustainably produced crops. This consumer preference is leading to a rise in organic farming practices, where microbial pesticides play a vital role in pest control, contributing to the market dominance of North America.
North America is characterized by a high level of agricultural research and development (R&D) activities. The region consists of renowned research institutions, universities, and agricultural centers focusing on developing and promoting sustainable pest management solutions. Continuous R&D efforts are leading to the introduction of innovative microbial pesticide products tailored to specific regional pest challenges, further bolstering the market position of North America.
Microbial Pesticides Companies and Competitive Landscape
Major Players: Becker Underwood, Valent Biosciences Corporation, Certis USA LLC, Ecogen, Koppert Biological System, Agri Life, AgraQuest, Marrone Bio Innovations, Novozyme Biological, and Bayer CropScience AG.
By Ingredient Type:
Bacteria-Based Pesticides
Fungi-Based Pesticides
Virus-Based Pesticides
Others
By Product Type:
Microbial Fungicide
Microbial Insecticide
Others
By Application:
Grains & Cereals
Pulses & Oilseeds
Fruits & Vegetables
Others
By Region:
North America (U.S., Canada, Mexico)
Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
South America (Brazil, Argentina, Rest of South America)
Asia-Pacific (China, India, Japan, Australia, Rest of Asia-Pacific)
Middle East and Africa
Related Reports:
Antimicrobial Additive Market: https://www.datamintelligence.com/research-report/antimicrobial-additive-market
Antimicrobial Coatings for Medical Devices Market: https://www.datamintelligence.com/research-report/antimicrobial-coatings-for-medical-devices-market
Antimicrobial Coating Market: https://www.datamintelligence.com/research-report/antimicrobial-coating-market
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