Microbial pesticides are a group of pesticides that are composed of naturally occurring viruses, fungi, or bacteria. Microbial pesticides are usually known for targeting a specific pest. However, there are different types of microbial insecticides used to eliminate different types of pest. Microbial pests are low cost effective in concern to the research & development process. Microbial pesticides are less toxic then chemical-based pesticides due to the presence of natural composition of bacteria, fungi, and viruses.
MARKET DYNAMICS
The microbial pesticide market is projected to grow in the forecast period due to the implementation of new farming practices. The growing demand for a better quality of food and food health and growing regulations on growing residual limits have boosted the growth of the microbial pesticide market. However, the low awareness of consumers regarding organic pesticides and fertilizers might restrict the growth of the microbial pesticide market. On the other hand, the integrated and sustainable pest management techniques are likely to showcase growth opportunities for the microbial pesticide market during the forecast period.
MARKET SCOPE
The "Global Microbial Pesticide Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of microbial pesticide market with detailed market segmentation by ingredient type, product type, applications, and geography. The global microbial pesticide market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading microbial pesticide market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global microbial pesticide market is segmented on the basis of ingredient type, product type, and application. Based on ingredient type, the market is segmented as bacteria based pesticide, fungi based, virus based pesticide, and others. On the basis of product type, the market is segmented as microbial herbicide, microbial fungicide, microbial insecticide, and others. On the basis of application, the market is segmented as crop-based, non crop-based, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global microbial pesticide market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The microbial pesticide market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting microbial pesticide market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the microbial pesticide market in these regions.
MARKET PLAYERS
The reports cover key developments in the microbial pesticide market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from microbial pesticide market are anticipated to lucrative growth opportunities in the future with the rising demand for microbial pesticide in the global market. Below mentioned is the list of few companies engaged in the microbial pesticide market.
The report also includes the profiles of key microbial pesticide companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- AgraQuest
- Agri Life
- Becker Underwood
- BioWorks
- Certis
- Ecogen
- Koppert Biological System
- Marrone Bio innovations
- Novozyme Biological
- Valent BioSciences