Bioinsecticides Market: Increasing Insect Attacks Due To Climate Change Is Driving The Demand For Bioinsecticides

  • According to the new market research report “Bioinsecticides Market by Class (Biochemical Pesticides, Microbial Pesticides, Plant Incorporated Protectants (PIPs)), by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), by Form (Liquid Form, Dry Form), by Application (Soil Treatment, Seed, Treatment, Foliar Spray, Post-Harvest), by Region (North America, Asia Pacific, Europe, Middle East & Africa, and South America,) — Global Forecast (2020 to 2027)”, the global bioinsecticides market is estimated to reach USD 7.6 Billion by 2027 at a CAGR of around 15.4% during the review period.
  • The increasing demand for bioinsecticides is due to change in moisture content and CO2 concentration in the air and changes in rainfall pattern
  • Government initiatives promoting the use bio-based products is further driving the demand for bioinsecticides
  • However, low efficiency compared to the conventional chemicals is the major factor that is expected hinder the market growth during the forecast period
  • Varying atmospheric temperatures and change in moisture content increases the multiplication rate of pathogens resulting in number of diseases which expected to boost the demand for bioinsecticides
  • Various government awareness programs to use bio-based products, and inclination towards the use of bio-based efficient and fewer pollution pesticides
  • However, bioinsecticides are less efficient compared to conventional chemicals resulting in farmers to prefer conventional chemicals for crop production. Thus, the less efficiency of bioinsecticides is the factor that hinders the market growth up to a certain extent.
  • North America
  • Asia Pacific
  • Marrone Bio Innovations:
  • Eaton:

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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