Apr 16, 2020   SOURCE: BusinessWire

Global Bacterial Biopesticides Market (2020 to 2025) - The Fruits and Vegetables Segment is Exhibiting Sustained Growth - ResearchAndMarkets.com

The "Bacterial Biopesticides Market - Growth, Trends And Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The global bacterial biopesticides market is projected to register a CAGR of 12.8% during the forecast period.

Organic farming represents a unique, fast growing segment of the food industry. In terms of emerging technologies, various factors alternately drive and inhibit the growth of bacterial biopesticides. Microbial pesticides are less harmful than synthetic pesticides, they typically affect only the target pest and other organisms closely related to it, as against broad-spectrum conventional pesticides, which can be harmful to other organisms, such as birds, insects, and mammals. Moreover, attributes of ease of handling, like low-to-no re-entry intervals and post-harvest intervals, are driving the adoption of bacterial biopesticides, mainly by serving as a stark alternative to the existing synthetic options, considering the restrictions over their usage.

Key Market Trends

The Fruits and Vegetables Segment is Exhibiting Sustained Growth

Based on crop type, the fruit and vegetable segment accounted for the largest share in 2019. Under the fruits and vegetables segment, the major crops utilizing the agricultural land area and bacterial biopesticides are strawberries and tomatoes. The segment is driven by the rising awareness regarding the consumption of fresh fruits and vegetables, which are free from the residues of synthetic pesticides. This led to increased area under certified organic farming across the world. Although price premiums for organically grown fruits and vegetables are yet to match with the opportunity cost of loss of yield, the demand for bacterial biopesticides is expected to remain high, especially in the fruits and vegetables segment. The CAGR is estimated to be valued at 18.13% over the forecast period (2020-2025).

The Asia-Pacific Region is Projected to be the Fastest Growing Market

The Asia-Pacific region is led by countries, like India and China, and it is expected to witness the fastest growth, in terms of demand. Evolving market in the developing regions of Asia-Pacific and Latin America are expected to provide further growth opportunities. In 2017, the region had the maximum organically cultivated area among all regions, amounting to more than 3 million hectare. It has been estimated that organically cultivated cereals accounted for 0.3% of the overall area under cereals in the region. In terms of number of farmers, India has the highest number of organic farmers across the world, amounting to more than 800,000. From the perspective of consumers, rising awareness regarding residues of synthetic pesticides in freshly consumed agricultural products (mainly fruits and vegetables) is expected to drive the demand for bacterial biopesticides in the region.

Companies Mentioned

  • Agraquest Inc.
  • BASF SE
  • Bayer CropScience
  • Biocare
  • Bioworks Inc.
  • Camson Biotechnologies Limited
  • Certis Usa LLC
  • Hebei Veyong Bio-Chemical Co. Limited
  • Isagro SpA
  • Koppert Biological Systems
  • Marrone Bio Innovations Inc.
  • Syngenta AG
  • Valent Biosciences Corporation
  • W Neudorff GmbH KG

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Type

5.1.1 Bacillus Thuringiensis

5.1.2 Bacillus Subtilis

5.1.3 Pseudomonas Fluorescens

5.1.4 Other Types

5.2 By Mode of Application

5.2.1 Seed Treatment

5.2.2 Foliar Application

5.2.3 Other Applications

5.3 By Crop Type

5.3.1 Grains and Cereals

5.3.2 Pulses and Oilseeds

5.3.3 Commercial Crops

5.3.4 Fruits and Vegetables

5.3.5 Other Crop Types

5.4 By Geography

5.4.1 North America

5.4.2 Europe

5.4.3 Asia-Pacific

5.4.4 South America

5.4.5 Africa

6 COMPETITIVE LANDSCAPE

6.1 Most Adopted Strategies

6.2 Market Share Analysis

6.3 Company Profiles

7 MARKET OPPORTUNITIES & FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/a0vm07