Press release
North America Bioinsecticides Market is expected to grow at a CAGR of 17.7%.
Bioinsecticides are organic formulations that are used to kill pests or insects which cause damage to crops. They are completely different from synthetic insecticides. They contain live bacteria which produces toxins that kill insects and bugs. These toxins don’t have harmful effects on humans or environment. Unlike these chemical insecticides, these bio-insecticides gives everlasting protection to crops and also soil.
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Factors such as rise in crop loss due to insects and diseases, changing farming practices, and development of pest-resistance to various chemicals, increasing demand for eco-friendly products are driving the North America market. However, some of the factors like the Stringent Regulations on pesticide use is slowing down growth of the North America market.
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North America Bioinsecticides Market is segmented on the basis of Type, Crop Type, Mode of Application, Formulation and Mechanism. Based on Type, Market is segmented into Predators, Pathogens & Parasites, and Natural insecticides. The pathogens are further segmented into Bacillus Thuringiensis, Beauveria Bassiana, Verticillium Lecanii, Metarhizium Anisopliae and others. Based on Crop Type, Market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, others. Based on Formulation, Market is segmented into Dry and Liquid. Based on Mode of Application, Market is further segmented into Soil treatment, seed treatment, foliar spray, post-harvest. Based on Mechanism, Market is segmented into Mating Disruption, Anti-Feeding, Suffocation, and Desiccation. Geographically, this market is further segmented in to US and Canada. North America has the highest share in the market owing to the developed agricultural practices.
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Some of the Major Players in this 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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