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Mar 25, 2022, 04:45 ET
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NEW YORK, March 25, 2022 /PRNewswire/ — The bioinsecticides market is fragmented and the vendors are deploying growth strategies such as price, quality, brand, and variety to compete in the market. AgBiTech Pty Ltd., Andermatt Group AG, BASF SE, Bayer AG, Biobest Group NV, BioSafe Systems LLC, BioWorks Inc., DuPont de Nemours Inc., Futureco Bioscience SA, IPL Biologicals Ltd., Kan biosys, Koppert Biological Systems, Marrone Bio Innovations Inc., Mitsui and Co. Ltd., Novozymes AS, Nufarm Ltd., Syngenta AG, Valent BioSciences LLC, Vestaron Corp., and Kilpest India Ltd. are some of the major market participants. The bioinsecticides market is set to grow by USD 1.96 billion from 2021 to 2026, progressing at a CAGR of 14.18% according to the latest market report by Technavio.
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Bioinsecticides Market 2022-2026: Scope
Our bioinsecticides market report covers the following areas:
Bioinsecticides Market 2022-2026: Drivers & Challenges
The growing demand for organic farming and organic food is one of the key drivers supporting the bioinsecticides market growth. Biological products such as microbiological products and biofertilizers have attracted a lot of attention and are being promoted on a large scale. To tap the growing awareness of organic agriculture, various types of organic and biological inputs have been launched and are being sold to farmers. The key factors behind the increase in the demand for organic food are an increasing number of health-conscious individuals, increasing environmental concerns, and governmental support toward awareness and the use of organic products. Such key factors will drive market growth during the forecast period.
However, the availability of synthetic pesticides and herbicides is one of the factors hindering the bioinsecticides market growth. Vendors are expanding their product portfolio by launching new variants of synthetic pesticides and herbicides. For instance, in January 2020, FMC Corp. announced the launch of a new herbicide named Authority Edge. It has already received the EPA registration for use in soybeans, sunflowers, and dry-shelled peas, including chickpeas. The presence of such harmful herbicides in the market is attributed to their lower cost compared with their substitutes. Therefore, the availability of synthetic pesticides and herbicides is expected to hamper the growth of the bioinsecticides market during the forecast period.
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Bioinsecticides Market 2022-2026: Segmentation Analysis
Bioinsecticides Market 2022-2026: Revenue Generating Segment & Regional Analysis
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Bioinsecticides Market 2022-2026: Key Highlights
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Related Reports:
Bioinsecticides Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 14.18%
Market growth 2022-2026
USD 1.96 billion
Market structure
Fragmented
YoY growth (%)
13.25
Performing market contribution
North America at 39%
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
AgBiTech Pty Ltd., Andermatt Group AG, BASF SE, Bayer AG, Biobest Group NV, BioSafe Systems LLC, BioWorks Inc., DuPont de Nemours Inc., Futureco Bioscience SA, IPL Biologicals Ltd., Kan biosys, Koppert Biological Systems, Marrone Bio Innovations Inc., Mitsui and Co. Ltd., Novozymes AS, Nufarm Ltd., Syngenta AG, Valent BioSciences LLC, Vestaron Corp., and Kilpest India Ltd.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table Of Contents :
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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Bioinsecticides Market to grow at a CAGR of 14.18% by 2026| Growing Demand for Organic Farming & Organic Food to Boost Growth |17000+ Technavio Reports – PR Newswire
