Bioinsecticides Market to Surge at a CAGR of 18.3% to 2021 and reach a projected value of USD 3.18 Billion by 2021.

Bioinsecticides market is projected to grow at a CAGR of 18.3%

The bioinsecticides market is projected to grow at a CAGR of 18.3% from 2016 to 2021, to reach a projected value of USD 3.18 Billion by 2021. The increased level of pest attacks due to climatic changes and rise in demand for biological pest control know-hows result in the growth of the bioinsecticides market. The market is further driven by factors such as technology and product development of innovative bioinsecticides that can be cost effective as well as used on a broad crop portfolio.

Depending upon the type, the bioinsecticides market is led by Bacillusthuringiensis, followed by Beauveria bassiana. Bacillus thuringiensis bioinsecticides are helpful to the crops in a way that they detoxify the soil and fight the root diseases and provide stability to the soil system. Due to these factors, the Bacillus thuringiensis segment dominates the bioinsecticides market. R&D and innovative experiments are conducted by leading players to invent new products to reduce the drastic impact on non-target species and ecosystem.

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“Soil treatment bioinsecticides mode of application led the market with the largest share in 2015”

On the basis of mode of application, the bioinsecticides market is led by the soil treatment segment, followed by seed treatment and foliar spray. The soil treatment application promotes seed germination, allows faster plant growth, provides more efficient use of moisture and nutrients, reduces erosion and crustation, and thus improves crop yields. It also helps to improve the quality of soil by means of adjusting the pH of the soil, improving nutrient quality, protecting the soil from weeds, pests, and harmful organisms.

“Liquid formulation led the mode of formulation segment of bioinsecticides market in 2015”

The liquid formulation segment dominated the bioinsecticides market in 2015, followed by the dry formulation. Liquid formulation of bioinsecticidesis easy to handle, transport, and store. It is required in small amounts and show high efficiency levels, and also retains potency over fairly long time, due to which liquid formulation is more preferred than dry formulation.

Brazil: The future of the bioinsecticides market

There are a large number of local manufacturers and suppliers of bioinsecticide products in Brazil offering bioinsecticide products at very competitive prices. Along with high demand of bioinsecticide products in the domestic and neighboring markets, Brazilian manufacturers are increasingly exploring higher profitability and trade opportunities in western countries, especially in the North American and European regions. Brazil is likely to increase its market share in the next five years by competing with U.S, Germany, U.K., and other European countries, offering low cost organic solutions with wide applicability.

Brazil is expected to be the fastest-growing country-level market and accounted for the largest share in 2015.

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             Valent Bio Sciences Corporation (U.S.)

             E. I. du Pont de Nemours and Company (U.S.)

             Marrone Bio Innovations Inc. (U.S.)

             Novozymes A/S (Denmark)

             Syngenta AG (Switzerland)

             Bayer CropScience AG (Germany)

             Koppert B.V. (The Netherlands)

Reasons to buy this report:

             To get a comprehensive overview of the global bio insecticides market

             To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them

             To gain insights about the major countries/regions in which the bioinsecticides market is flourishing.