The Microbial Pesticides Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Microbial Pesticides Market is estimated to be USD XX million in 2017 and predicted to rise to USD XX million by 2022 with a CAGR of XX%. The market is segmented by Product (Bacteria Based Pesticides, Fungi Based Pesticides, Virus Based Pesticides and Nematode Based Pesticides), Crop Type (Fruits and Vegetables, Maize, Rice, Cotton and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
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.
The global Microbial Pesticides market is segmented on the basis of Type, Form, Application, and Source. On the basis of type, the market is segmented into Bacteria Based Pesticides, Fungi Based Pesticides, Virus-Based Pesticides, and Nematode 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. On the basis of Form, the market is segmented into Fruits and Vegetables, Maize, Rice, Cotton, and Others. Fruits and vegetables account for the highest market share of the market.
On the basis of geography, the microbial pesticide market is segmented into various regions namely North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific is the largest microbial pesticides market. China, Japan, and India are the major markets driving the industry growth. North America held the second largest share of the market with the USA holding the largest market share by revenue. Latin America held is expected to witness lucrative growth with Brazil being the largest market in the region.
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, Baye
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