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Bioinsecticides Market - Industry Key Players & Forecast 2017 - 2025

01-03-2018 06:05 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

Bioinsecticides Market - Industry Key Players & Forecast 2017 - 2025

Global Bioinsecticides Market: Snapshot

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.

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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.

Global Bioinsecticides Market: Introduction

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.

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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.

Global Bioinsecticides Market: Factors of Influence

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.

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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.

Global Bioinsecticides Market: Regional Scenario

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.

Global Bioinsecticides Market: Top Players Mentioned in the Report

The leading players in the global bioinsecticides market to date have include Bayer AG, Certis, Monsanto, and Syngenta.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

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