The global microbial pesticides market encompasses a diverse range of pest management solutions. These include bacteria-based, fungi-based, virus-based, and other microbial agents. Bacteria-based pesticides employ beneficial bacteria to combat pests, while fungi-based solutions use fungi to target and control harmful organisms. Virus-based options harness viruses to limit pest populations. These microbial pesticides offer eco-friendly alternatives to traditional chemical pesticides, contributing to sustainable agriculture and reducing environmental impact while effectively addressing various agricultural and horticultural pest challenges.
According to Data Bridge Market Research, the Global Microbial Pesticides Market was valued at 1.14 billion in 2021 and is expected to reach USD 1.82 billion by 2029, at a CAGR of 6.00% during the forecast period of 2022-2029.
“Increasing incidence of insects and pests in crops and agricultural fields boost the market’s growth”
The global microbial pesticides market is driven by the increasing incidence of insects and pests in crops and agricultural fields. Traditional chemical pesticides face scrutiny for their environmental impact and health concerns, so microbial pesticides offer a sustainable and eco-friendly solution. These products leverage microorganisms such as bacteria, fungi, and viruses to combat pests effectively. The rising pest challenges and the need for environmentally responsible pest management fuel the growth of the microbial pesticides market.
What restraints the growth of the global microbial pesticides market?
“Lack of knowledge and awareness restraints the market’s growth”
A significant restraint in the global microbial pesticides market is the lack of knowledge and awareness among farmers and agricultural stakeholders regarding the effective application and benefits of microbial pesticides. Insufficient understanding of these products, their modes of action, and best practices for utilization can hinder their adoption.
Segmentation: Global Microbial Pesticides Market
The global microbial pesticides market is segmented on the basis of type, product type, and application.
- On the basis of type, the global microbial pesticides market is segmented into bacteria-based, fungi-based, virus-based, and others.
- On the basis of product type, the global microbial pesticides market is segmented into microbial fungicides, microbial insecticides, and others.
- On the basis of application, the global microbial pesticides market is segmented into grains and cereals, pulses and oilseeds, fruits and vegetables, and others.
Regional Insights: North America dominates the Global Microbial Pesticides Market
North America dominates the microbial pesticides market due to its increasing adoption of eco-friendly agricultural practices. The region experiences a growing preference for sustainable solutions amid challenges such as the re-registration or performance limitations of conventional pesticides. Additionally, the expanding organic food and beverage sector and growing environmental apprehensions regarding synthetic chemical pesticides receive government support, further propelling the prominence of microbial pesticides in North America.
The Asia-Pacific market is poised for significant growth, driven by rising food demand from population growth. Favorable government policies regarding pesticide usage are anticipated to boost revenue in the microbial pesticides sector in this region. Additionally, the abundance of manufacturers in Asia-Pacific is expected to bolster the microbial pesticides market during the forecast period, solidifying its role as a key growth contributor.
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The Prominent Key Players Operating in the Global Microbial Pesticides Market Include:
- Bayer AG (Germany)
- BASF SE (Germany)
- Yara International (Norway)
- Compass Minerals (U.S.)
- Syngenta Crop Protection AG (Switzerland)
- ADAMA (Israel)
- Sumitomo Chemicals (Japan)
- Nufarm Limited (Australia)
- UPL (India)
- K+S Group (Germany)
- Israel Chemical Company (Israel)
- BotanoCap (Israel)
- Arysta LifeScience (U.S.)
- GAT Microencapsulation (Austria)
- Reed Pacific (Australia)
Above are the key players covered in the report, to know about more and exhaustive list of global microbial pesticides market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Microbial Pesticides Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
