Microbial pesticides are microbe-based bio pesticides, which are used to protect plants from various pests. Multiple acquisitions, licensing agreements, partnerships, and investments of hundreds of million dollars in R&D by large companies show that the segment will drive the growth of the crop protection market in the coming decade. North America forms the largest market for microbial pesticide, with 40% share globally, while Asia-Pacific is the fastest-growing market.
Key Deliverables in the Study
Favorable government policies and adoption of new farming practices, among others are driving the market
One of the major factors driving the market are the favorable government policies. There has been heavy regulation on the use of pesticides, due to health hazards. In the year May 2017, Monsanto paused the commercialization of NemaStrike™ Technology, due to skin irritation and rashes after use. However, in an association with the Danish company, Novozymes, Monsanto reached an agreement worth USD 300 million, and BioAg Alliance was formed in the year 2013, which focused toward research activities from both companies for the production and marketing of microbial biopesticides. In the year 2017, Monsanto plans to add microbial seed treatment, called Acceleron B-300 SAT, to all its corn hybrids.
Factors, such as the growing demand for organic products, adoption of new and modern farming techniques, favor the market growth. High growth rate is expected in countries, like China and India, as the government is now curbing the use of hazardous synthetic pesticides.
Bacillus thuringiensis (Bt) is the most-widely used insecticide, globally
The global microbial pesticide market has been segmented, based on ingredient type, into – bacteria-based, fungi-based, virus-based pesticides, and others. Based on product type, the market is segmented into – microbial herbicide, microbial fungicide, microbial insecticides, and others. Based on application type, the market has been segmented into – crop-based and non-crop based. The geographical segmentation includes North America, Europe, Asia-Pacific, South America, and Africa.
Certis, Valent Biosciences, Marrone Bio Innovations and Bayer dominate the market
The government’s concern for pollution free environment will be a driving force for this market, and could help the market grow at a rapid pace. The global key players in the market are – Certis, Valent Biosciences, Marrone BioInnovations. Bayer, IsAgro Spa, among others. The market is a highly fragmented with top players having diverse and growing product portfolios. In terms of market share dominance, Marrone Bio Innovations stands with a market share of 4.5%. The greater market share of these players can be attributed to highly diversified product portfolio and large number of acquisitions and agreements taking place.
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