Global Fungi-Basedbiopesticides Market, By Type (Trichoderma Spp., Mycorrhiza, Others), Mode of Application (Soil Treatment, Foliar Spray, Seed Treatment), Formulation (Dry Formulation, Liquid Formulation), Crop Type (Cereals And Grains, Oilseeds and Pulses, Fruits and Vegetables, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Fungi-Basedbiopesticides Market
The fungi-basedbiopesticides market is expected to witness market growth at a rate of 15.20% in the forecast period of 2021 to 2028 and is expected to reach USD 6.20 billion by 2028. Data Bridge Market Research report on fungi-based biopesticides market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the consciousness regarding the environment globally is escalating the growth of fungi-basedbiopesticides market.
Various fungal species are known to be utilized as agriculture microbials commercially including Aspergillus flavus, and Beauvaria bassiana, among others. Beauveria bassiana is one of these fungi that are highly used whitefly, aphids, thrips, psyllids, weevils and mealybugs. The microbial is generally applied in orchard crops such as fruits and berries, herbs and spices, vegetables, turf, forestry and ornamentals.
The rise in the acceptance of organic food among consumers across the globe acts as one of the major factors driving the growth of fungi-basedbiopesticides market. The use of synthetic chemicals can leading to pollution and contamination of the soil along with their harmful effects on the food chain and rise in awareness of residue-free food due to huge importance for biological products, accelerate the market growth. The high costs associated with the development of synthetic crop protection products and rise in adoption of fungi-basedbiopesticides by farmers to meet the standards prescribed by international exports, further influence the market. Additionally, increase in organic cultivation for fruits & vegetables and initiatives taken by government for emphasizing the use of integrated pest management and strategic developments such as expansions, new product launches, collaborations, and agreements positively affect the fungi-basedbiopesticides market. Furthermore, pest developing resistance to crop protection chemicals and advancements in microbial research by key players extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, technological limitations for the use of biological products are expected to obstruct the market growth. The increase in the preference towards chemical pesticides among farmers in developing countries is projected to challenge the fungi-basedbiopesticides market in the forecast period of 2021 to 2028.
This fungi-basedbiopesticides market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fungi-basedbiopesticides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Fungi-Basedbiopesticides Market Scope and Market Size
The fungi-basedbiopesticides market is segmented on the basis of type, mode of application, formulation, and crop type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the fungi-basedbiopesticides market is segmented into trichoderma spp., mycorrhiza and others.
- On the basis of mode of application, the fungi-basedbiopesticides market is segmented into soil treatment, foliar spray and seed treatment.
- On the basis of formulation, the fungi-basedbiopesticides market is segmented into dry formulation, and liquid formulation.
- On the basis of crop type, the fungi-basedbiopesticides market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables and others.
Global Fungi-Basedbiopesticides Market Country Level Analysis
The fungi-basedbiopesticides market is analyzed and market size, volume information is provided by country, type, mode of application, formulation, and crop type as referenced above.
The countries covered in the fungi-basedbiopesticides market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the fungi-basedbiopesticides market because of the presence of stringent regulations regarding synthetic crop protection chemicals and increase in research for greener crop cultivation within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the concerns regarding the food security in the region.
The country section of the fungi-basedbiopesticides market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fungi-Basedbiopesticides Market Share Analysis
The fungi-basedbiopesticides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fungi-basedbiopesticides market.
The major players covered in the fungi-basedbiopesticides market report are BASF SE, Bayer AG, Certis USA L.L.C., Novozymes, Marrone Bio Innovations, Som Phytopharma India Ltd., Valent BioSciences LLC, BioWorks Inc, Bionema, Vegalab S.A., FMC Corporation, Koppert Biological Systems, UPL, Valent BioSciences LLC, Marrone Bio Innovations, and BioWorks Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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