Global Microbial Pesticides Market – Industry Trends and Forecast to 2029
Microbial Pesticides Market Analysis and Size
Some of the influential factors for the global microbial pesticides market include the increasing adoption of IPM or integrated pest management particles, as well as increased regulatory support for a sustainable approach to limiting extensive agrochemical application.
Data Bridge Market Research analyses that the microbial pesticides market was valued at 1.14 billion in 2021 is expected to reach the value of USD 1.82 billion by 2029, at aw CAGR of 6.00% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Microbial Pesticides Market Scope and Segmentation
Market Definition
Microbial pesticides are pesticides that are made up of naturally occurring fungi, viruses, or bacteria. Microbial pesticides are commonly used to target a specific pest. Due to the increasing presence of natural bacteria, fungi, and viruses, microbial pests are very cost effective in terms of research and development and are less toxic than chemical-based pesticides.
Global Microbial Pesticides Market Dynamics
Drivers
- Comparatively a more safer and efficient solution
When compared to other pest control chemicals, microbial pesticides are safer. They also provide benefits such as reduced odour, slow release of the active ingredient, pesticide volatilization, and less pesticide wastage, all of which contribute to the growth of the global microbial pesticide market. Pesticide microcapsule systems can also be designed to reduce mammalian toxicity and extend activity, reduce phytotoxicity, protect pesticides from environmental degradation, reduce leaching, and lower pesticide levels in the environment.
- Rising occurrence of insects and pests in crops and agricultural fields
Microbial pesticides market is expected to grow during the forecast period due to factors such as increased risk of pest contamination in livestock feed and rising incidences of insect occurrences in crops. With the global population growing, effective pesticide methods are required for sustainable food production. The global microbial pesticides market is being driven by the implementation of stringent food safety regulations, advancements in agricultural technologies, and international trade of food materials.
Opportunity
- Growing food trade
Increasing food trade across the borders of emerging markets expands the market's opportunity for growth. The rising number of food-borne illnesses as well as poor sanitation and processing conditions in factories in a few countries necessitate the need for microbial pesticides of food. The implementation of regulations in emerging economies that have entered the food trade, as well as the authorization of authorities to prohibit the import and supply of contaminated food and enforce food recalls, are expected to increase demand for pesticides in these regions.
Restraints
- Lack of knowledge
The spread of pests and insects, as well as farmers' lack of knowledge about microbial pesticides, are expected to restrain development and impede market growth.
This microbial pesticides 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 the microbial pesticides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Microbial Pesticides Market
The agricultural sector's demand decreased during the global pandemic, COVID-19, due to various economic restrictions and regulations. Due to these strict lockdown measures, many pesticides units were forced to halt production, limiting the growth of the microbial pesticides market in 2020. Furthermore, due to the outbreak, the production and export of fruits and vegetables decreased, resulting in a decrease in demand for microbial pesticides, resulting in a significant decrease in the market revenue for microbial pesticides. Furthermore, the covid-19 epidemic hampered the production, consumption, imports, and exports of microbial pesticides.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Microbial Pesticides Market Scope
The microbial pesticides market is segmented on the basis of type, product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Bacteria-Based
- Fungi-Based
- Virus-Based
- Others
Product type
- Microbial Fungicides
- Microbial Insecticides
- Others
Application
- Grains & Cereals
- Pulses & Oilseeds
- Fruits & Vegetables
- Others
Microbial Pesticides Market Regional Analysis/Insights
The microbial pesticides market is analysed and market size insights and trends are provided by country, type, product type and application as referenced above.
The countries covered in the microbial pesticides market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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 (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
North America dominates the microbial pesticides market as a result of rising interest in green agricultural practises, rising loss of many conventional products due to reregistration and/or performance issues, increased expansion of the organic food & beverage industry, and rising environmental concerns about the use of synthetic pesticides (chemical) in this region, in combination with government support.
The Asia-Pacific market contributes the highest growth rate target market. Growing demand for food products due to population growth, combined with favourable government policies regarding pesticide consumption, is expected to drive revenue growth for microbial pesticides in Asia Pacific. Furthermore, the presence of numerous manufacturers in the region is expected to support the Asia Pacific microbial pesticides market during the forecast period.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Microbial Pesticides Market Share Analysis
The microbial pesticides 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 microbial pesticides market.
Some of the major players operating in the microbial pesticides market are:
- 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)
Global Microbial Pesticides Market – Industry Trends and Forecast to 2029
