Asia Pacific Microbial Pesticides market is anticipated to grow at xx% CAGR from 2022 - 2027 and it is estimated that the Asia Pacific market was valued at USD xx billion in 2021 and is expected to reach USD xx billion by 2026.
Biopesticides are certain types of pesticides derived from such natural materials as animals, plants, bacteria, and certain minerals. For example, baking soda and canola oil have pesticide like applications and are considered biopesticides. Biopesticides are usually inherently less toxic than conventional pesticides and generally affect only the target pest and closely related organisms, in contrast to broad-spectrum, conventional pesticides that may have a harmful effect on organisms as different as birds, insects, and mammals. They often are effective in very small quantities and often decompose quickly, resulting in lower exposures and largely avoiding the pollution problems caused by conventional pesticides. When used as a component of Integrated Pest Management (IPM) programs, they can significantly reduce the use of conventional pesticides, while crop yields remain high.
Drivers and Restraints of Asia Pacific Microbial Pesticides Market:
While the prevalence of chemical or synthetic pesticides in crop protection would continue, human, animal, and environmental health concerns would play key roles in driving growth for Biopesticides. Several countries are adopting a stringent approach concerning a number of imports, with a special focus on regulating a number of pesticide residues. As a result, use and demand of non-chemical treatments for crop protection are increasing. Other factors favoring the market growth include low toxicity of microbial pesticides on non-target pest species, compatibility with synthetic chemicals and no residual toxicity for human and other animals. In spite of their low toxicity and environment impact levels, microbial pesticides have a major restraint in the form of high costs and low availability. Furthermore, Multiple acquisitions, licensing agreements, partnerships and huge investments in research and development by large companies will drive the growth of crop protection market in coming years.
Asia Pacific Microbial Pesticides Market – By Type:
Bacteria Based Pesticides
Bacteria-based microbial pesticides dominate the market. Among bacteria based pesticides B. thuringiensis var. israelensis is the most commonly used bacteria. Fungi based microbial pesticides form the largest market segment after bacteria. Trichoderma sp. is the most commonly used fungi for preparation of microbial pesticides. Most of the products available in the market are insect control products.
Asia Pacific Microbial Pesticides Market – By Form:
Fruits and vegetables account for the highest market share of the market
Geographical Analysis:
On the basis of geography, the microbial pesticide market is segmented into various regions namely
Asia Pacific is the largest microbial pesticides market. China, Japan, and India are the major markets driving the industry growth.
Major Key Players:
The market is dominated by companies like Becker Underwood, Valent BioSciences, Certis, BioWorks, Ecogen, Koppert Biological System, Agri Life, AgraQuest, Marrone Bio Innovations, Novozyme Biological, Bayer crop science, BASF, IsAgro Spa, and De Sangosse.
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