Bioinsecticides Market

Bioinsecticides Market Size, Share, Growth Analysis, By Source(Microbials, Plants), By Application(Cereals & Grains, Oilseed and Pulses), By Region(North America, Europe) - Industry Forecast 2024-2031


Report ID: UCMIG15C2048 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Bioinsecticides Market Insights

Market Overview:

The 2022 valuation of the global bioinsecticides market reached USD 90.48 million, with an expected compound annual growth rate (CAGR) of 11.0% from 2023 to 2030. This growth is linked to the increasing adoption of organic farming methods, governmental initiatives promoting biocontrol products, and the imperative for sustainable pest control solutions. The shift toward organic farming stems from the adverse environmental and health effects associated with synthetic pesticides. Bioinsecticides are predominantly sourced from microbes and plants, with microbial agents derived from living organisms such as bacteria, fungi, viruses, and plants. Meanwhile, plant-derived sources encompass oils like neem oil from neem tree seeds, recognized for its effectiveness against a broad spectrum of pests.

Bioinsecticides Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Fertilizers & Agricultural Chemicals by segment aggregation, the contribution of the Fertilizers & Agricultural Chemicals in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Bioinsecticides was estimated to be valued at US$ XX Mn in 2021.

The Bioinsecticides Market is estimated to grow at a CAGR of XX% by 2028.

The Bioinsecticides Market is segmented on the basis of Source, Application, Region.

Based on region, the Bioinsecticides Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Bioinsecticides Market are , BASF SE , Bayer AG , Certis USA L.L.C. , Novozymes , Marrone Bio Innovations , Syngenta , Nufarm , VALENT BioSciences , BioWorks , Vestaron Corporation.

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Bioinsecticides Market

Product ID: UCMIG15C2048

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