Global Bioinsecticides Market - 2021-2028
|出版日期||內容資訊||英文 180 Pages
|全球生物殺蟲劑市場：2021-2028 Global Bioinsecticides Market - 2021-2028|
|出版日期: 2021年07月30日||內容資訊: 英文 180 Pages||
Pesticides made from natural materials are known as bioinsecticides, and they are used to control or kill insects. These bioinsecticides are made up of animals, plants, bacteria, and minerals found in nature. Bioinsecticides are organic insecticides that control crop-feeding insects. Strong demand from factors such as an increase in acceptance of organically grown crops, government policies that favor the use of bioinsecticides and the gradual phase-out of key active ingredients, are expected to drive the market for bioinsecticides to grow. The global bioinsecticides market is likely to reach USD xx million in 2028, from its recorded value of USD xx million in 2020, growing with a CAGR of XX% during the forecast period. Around half of the global pesticide market is composed of bioinsecticides. Over 6,000 plant species with insecticidal properties have been identified.
Organic farming is becoming more common as a viable alternative to traditional farming in terms of reducing the environment's overall impact. With stronger market dynamics for natural plant protection products, the promising growth trend of organic agriculture is expected to support bioinsecticides' future growth. The government's and other stakeholders' strong emphasis on organic and sustainable farming increased the acceptance of bio-based crop protection chemicals. Countries, especially with strong agriculture bases are gradually transitioning from 'green revolution towards 'ever-green revolution.' The role of agri-bio inputs will thus be crucial in driving this transformation owing to their eco-friendly, cost effective, and cost-effective consumer-friendly traits. Moreover, rising buyers' demand for foods (organic food products) devoid of any synthetic insecticides is predicted to further propel the market growth.
High-yield seed varieties, modern irrigation methods, and agricultural chemicals like insecticides are all used to improve agricultural productivity. In most countries, production and productivity have increased significantly; for example, wheat yields in the United Kingdom and corn yields in the United States have both increased significantly. Bioinsecticides have been an integral part of the process by reducing losses from diseases and insects that result in a reduced amount of harvestable produce. According to the FAO, there would be a considerable economic loss globally without the use of bioinsecticides. FAO estimates that annually between 20 to 40 percent of global crop production are lost to pests. Severe infestation of insects, particularly in the early stage of crop establishment, ultimately accounts for a yield reduction. Insecticides help provide both economic and labor benefits, thereby resulting in a lower crop loss. These factors will drive the growth of the bioinsecticides market in the forecast period.
Counterfeit bioinsecticide products, on the other hand, are expected to pose a significant challenge to the players in the organized bioinsecticides industry. The availability of technology and regulatory loopholes make counterfeit and sub-standard bioinsecticide products easier to develop and trade. In developing countries such as China, India, South Africa, and Indonesia, the bioinsecticides industry is unorganized and produces substandard products at low prices, which affects the quality and quantum of production, resulting in economic losses to farmers. These products contents are not labeled as per the required norms, which again poses a risk to farmers, the environment, consumers, and product handlers. This factor will hinder the growth of the bioinsecticides market in the forecast period.
In 2020, the Baculovirus segment dominated the market, accounting for XX% of global sales. Increased insect pest attack has affected greenhouse cash crops, resulting in significant losses for farmers. Baculovirus is an important biocontrol agent that does not affect applicators' health, does not destroy natural pest enemies, and does not pollute the environment. These are some of the factors that have fueled baculovirus's growth as a bioinsecticide. Insect pest attack is a serious problem that affects crop production in many parts of the world. As a result, companies developing different strains of baculovirus will see a large increase in demand. Due to its effectiveness in destroying invasive pests, the Baculovirus segment is expected to dominate the bioinsecticides market.
Bacteria Thuringiensis is expected to hold a significant share of XX% in the bioinsecticides market and is expected to grow with a CAGR of XX% during the forecast period. It is a naturally occurring soil-borne bacteria. When certain insects consume the bacteria, the toxic crystal is released in the insect's highly alkaline gut, blocking the system, protecting the pest's stomach from its digestive juices. The stomach is penetrated, and the insect dies by poisoning from the stomach contents and the spores themselves. This factor will drive the growth of the bacteria thuringiensis market in the forecast period.
The early adoption of bioinsecticides in the U.S. and large-scale utilization across farms in the U.S. and Canada led to the market growth in the region. The demand for organic food products has been rapidly growing the region with consumer awareness towards adverse health effects of synthetic agrochemicals. This has motivated the farm producers towards use of biological inputs. Also, the stringent regulatory environment surrounding the pesticides industry led to the growth of bioinsecticides in the region. The North America bioinsecticides market is expected to grow with a CAGR of XX% during the forecast period, reaching USD xx million in 2028.
South American countries are experiencing rapid growth in agriculture cultivation, which has resulted in the use of high-quality inputs to improve crop performance. The bioinsecticides market in this region has been driven by the need to maintain minimum residual levels in food products and the high growth prospects for organic food. Consumers have continued to accept organic crops as a result of increased understanding of organic farming and the adverse effects of chemical-based farming. The government has also placed stringent restrictions on the use of chemical pesticides, which not only kill beneficial insects but also increase toxicity in the food chain. According to BIP, the Austro-American company AgBiTech is the market leader in Brazil for biological insecticides for cotton caterpillars. AgBiTech grew 608 percent between the 2018-19 and 2019-20 cultural cycles, according to Spark. During this time, the company, which specializes in baculovirus-based drugs, increased its market share in the biopesticides for cotton segment from 13% to 46%. These figures show that the use of biological management practices to combat caterpillars is steadily increasing. The data also reflects the expected rapid integration of bioinsecticides into cotton growers' pest management strategies. In Brazil, the control of Spodoptera frugiperda, also known as the "caterpillar," costs about USD 600 million per cotton crop. The caterpillar's negative effect on cotton is more aggressive, as it feeds directly on the plant's apple, causing serious production damage. This increases the demand for bioinsecticides in the country.
The global bioinsecticides market is fragmented, with major global and regional players competing for market share against local manufacturers. The major acquisitions taking place between companies to develop bioinsecticides indicates that the focus on bio-based products is increasing rapidly. Some of the key players in the market include BASF SE, Bayer CropScience AG, Valent Biosciences Corporation, Syngenta AG and Corteva. The market players are heavily investing in this market to diversify their biological research divisions in the expanding market. Product launches, acquisitions and R&D activities are key strategies adopted by players in the bioinsecticides market. For instance, in July 2019, BASF SE launched a bioinsecticides named Velifer for pest control in vegetable crops, registered for use in Australia. Syngenta AG launched its first bioinsecticides, Costar, in Portugal, in March 2019. The formulation is based on a Bacillus spp. strain that has been approved for use in more than 50 crops throughout Europe.
After the outbreak of COVID-19, the consumers have become more conscious about the intake of food and are trying to consume food that is healthy and nutritious in nature. The global market has seen an increase in awareness regarding various benefits of consuming organic and chemical-free product food. This demand has further splurged during the crisis of COVID-19, as organic and chemical-free products are said to be healthy in nature. This demand has directly impacted the global market of bioinsecticides as they are often used by organic crop growers and are toxic-free in nature. However, due to strict global restrictions on import and export of products and restriction in the movement due to nationwide lockdown the demand and supply of biopesticide products are hampered. Furthermore, this impact of COVID-19 is expected to diminish as the import and export will not further restricted.
The lockdown and quarantine measures applied to battle the COVID-19 pandemic has restricted the production and supply of plant protection products, such as bioinsecticides, subsequently influencing the market of crop protection across the world. Thus, due to such factors, the market of bioinsecticides has faced a lot of obstacles in the growth of the market. For instance, According to Agropages, in March 2020, in China, the production of bio-pesticides and bio-fertilizers, due to COVID-19, had declined majorly and continued to decline, after production plants were closed down. Because China is one of several key producers and suppliers of bio-pesticides and bio-fertilizers too many developed and developing countries in agricultural nations, the COVID-19 pandemic may influence the accessibility or lead to an ascent in costs of bio-pesticides and bio-fertilizers around the world.