Need for organic products in pest management is on the rise due to better results and less harm to the crops this in turn is one of the major reason to support the growth in biological insecticides market in the near future
Meridian Market Consultants (MMC) has published a new report titled, “2020-2025 Global and Regional Biological Insecticide Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report (Enhanced Version)”
In 2020, the global biological insecticides market has estimated the reach a value of US$ 1,612.1 Mn and expected to grow at a significant CAGR of 11.6% during the forecast period and expected to reach the value of more than US$ XX Bn in 2025
Global biological insecticides market, By Type (Microbial Pesticide, Plant Pesticide, & Biochemical Pesticide), By Application (Grains and Cereals, Oil Seeds, Fruits and Vegetables, Turf and Ornamental Grass, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2025.
As per the report, the global population massively depends on agriculture and organic plants and animals for food in the past few years. Basically, an insecticide is a kind of pesticide that particularly targets insects that damage animals or agricultural yield.
Biological insecticides, also known as biopesticides, including entomopathogenic bacteria, viruses, nematodes, fungi, and plant secondary metabolites, are acquiring developing significance as they are substitute to chemical and other synthetic insecticides and are a crucial constituent of several pest control programs nowadays. Owing to this, the global biological insecticides market is projected to grow briskly in the forthcoming future.
Noticeably, biological insecticides are formed from naturally obtained living organisms such as plants, animals, and microorganisms like fungi, bacteria, and viruses that can deal with several pests that can infect and damage plants with their eco-friendly as well as a non-toxic form of actions, thereby gaining attention all around the world, which in turn is expected to give a positive push to the growth of the global biological insecticides market in the near future.
In addition to that, the biological insecticides are also gaining momentum owing to the growing concern among the populations and governments across the globe regarding environment safe and secure and integrated approaches and strategies towards pest control and management due to which, global biological insecticides market is estimated to flourish significantly over the forecast period.
Moreover, the microorganisms employed in the biological insecticides are majorly harmless and safe to humans, animals, and other microorganisms which are not minutely associated with the target pest.
The safety offered by the biological insecticides is considered its biggest asset as it is expected to support the growth of the global biological insecticides market in the near future.
Although there are certain formulations and storage processes that are essential for some kinds of biological insecticides, which is likely to tangle the production and distribution processes of numerous products, which resultantly may hamper the growth of the global biological insecticides market in the forthcoming future.
Furthermore, as many of the biological insecticides are specifically developed for target pests, subsequently the potential market for the products may be limited and they cannot spread in a wide range of pest control sales in the market, which may affect the growth of its global market.
MMC study identifies some of the key participating players in the biological insecticides market globally are DowDuPont, Novozymes A/S, Bayer CropScience AG, Valent Biosciences Corp, Arysta LifeSciences BASF SE, Becker Underwood Inc, AgBiTech Pty Ltd., Seipasa, Andermatt Biocontrol, Syngenta Crop Protections, LLC, FMC Agricultural Products, and Others.
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