DUBLIN--(BUSINESS WIRE)--The "Global Bacterial Biopesticides Market - Segmented by Type, Mode of Application, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
At around 35% of the global market share, North America is the largest market for bacterial biopesticides and is expected to witness a CAGR of 15.4%. Europe is the second largest market for microbial and is expected to register at a CAGR of 15.9%. The Asia-Pacific region led by countries like India and China, is expected to witness fastest growth in terms of demand. Evolving market in the developing regions of Asia-Pacific and Latin America would provide further growth opportunity in agricultural microbial demand.
Organic farming represents a unique, fast-growing segment of the food industry. As is the case for any emerging technology approach, various factors alternately drive and inhibit the growth of bacterial biopesticides. Ease of handling attributes like low-to-no re-entry intervals and post-harvest intervals also drive adoption of bacterial biopesticides mainly by serving as a stark alternative to existing synthetic options and restrictions over their usage.
The fruit & vegetable segment accounted for the largest share of the crop type application of bacterial biopesticides in 2015. The major crops utilizing the agricultural land area and bacterial biopesticides, under fruits and vegetables segment, are strawberries and tomatoes. Despite holding the maximum share of the market, the fruit and vegetables segment is also growing at a great pace. The CAGR for next five years is estimated at 18.13%. However, the products are still not used widely, mostly because of the low awareness.
Major Players: BASF SE, Bayer Cropscience, Dow Chemical Company, Certis USA L.L.C, Natural Industries - Novozymes (United States), Biocare, and AGBitech Pty Limited, among others.
Key Topics Covered
2. Research Scope & Methodology
3. Market Dynamics
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
- AGBitech Pty Limited
- Agraquest Inc.
- BASF SE
- Bayer Cropscience
- Bioworks Inc (United States)
- Camson Biotechnologies Limited
- Certis USA L.L.C
- Dow Chemical Company
- Hebei Veyong Bio-Chemical Co. Limited
- Isagro Spa
- Koppert B.V. (Netherlands)
- Marrone Bio Innovations Inc.
- Monsanto Company (U.S.)
- Natural Industries - Novozymes (United States)
- Syngenta International AG (Switzerland)
- Valent Biosciences Corporation
- W.Neudorff GmbH KG
8. Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/fqp7nw/global_bacterial?w=4