global-bioinsecticides-market-industry
Published

APR 2018

Global Bioinsecticide Market - Segmented by Product, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

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The global bioinsecticide market was estimated at USD 1,212.6 million in 2016 and is expected to register a CAGR of 11.7% over the forecast period. The key market players majorly focus on new product launches and partnerships to expand their market presence.  

                                          

Increasing Demand for Food Safety and Quality Driving the Market

The increase in average income all over the world has led to a huge demand for safe and quality food. People now prefer buying organically approved food and they specifically look for the certification label to ascertain the origin of the product. Governments of various countries are also introducing stringent methods to ascertain the quality of the food. This aspect is driving the farmers to use more and more bio-based products, and using bioinsecticides for their crops.

Fruit and Vegetable: The Largest Market for Bioinsecticides

Among application areas for bioinsecticides, fruits and vegetables occupy the largest share by application. Our analysis shows that lately, many fruits and vegetables have tested positive for the presence of pesticides. This has decreased the demand for chemical pesticide-treated fruits and vegetables. Bioinsecticides have a relatively lower residue level and are a perfect fit for the treatment of fruits and vegetables and hence fruit and vegetable forms the largest application area for bioinsecticides.

Major Players: Bioworks Inc., BASF, Bayer Cropscience AG, Marrone Bioinnovations, Certis LLC, Dupont, Isagro SPA, Monsanto, Novozyme Biologicals, Valent Biosciences Corporation, and Koppert Biological Systems, among others.

Reasons to Purchase the Report

  • To understand the fastest growing regions in the global bioinsecticides market and their growth trends during the forecast period
  • The report outlines drivers, restraints, and trends that are currently affecting the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The report covers in-detail insights about the competitors, along with company share analysis
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Purchase Report
$4250
Single user license
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Team license
$8750
Corporate license
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