Global Bacillus Thuringiensis Bio Pesticides Market, By Mode of Application (Seed Treatment, Foliar Application and Other Applications), Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables and Other Crop Types), Formulation (Dry and Liquid), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Bacillus Thuringiensis Bio pesticides Market
Data Bridge Market Research analyses that the bacillus thuringiensis bio pesticides market will project a compound annual growth rate (CAGR) of 16.10% during the forecast period of 2021-2028. Rising need and demand to consume contamination free food, increasing importance among farmers to produce residue-free food products and rapidly increasing industry competitiveness are attributable to the growth of bacillus thuringiensis bio pesticides market. This means that the bacillus thuringiensis bio pesticides market value, which was USD 1.80 billion in 2020 will climb up to USD 5.94 billion by the year 2028.
Bacillus thuringiensis belongs to the family of bacteria which can be used in a wide range of applications such as chemicals in the form of pesticides. The bacillus thuringiensis bio pesticides are widely accepted by the farmers as these help to control moths, mosquito larvae and butterflies. The bacillus thuringiensis bio pesticides are available in dry or powdered form which contains a mixture of toxin crystals and dried spores. However, there are two methods for the application of bacillus thuringiensis bio pesticides which are either by directly using over the leaves or mixing with the soil to inhibit the growth of pests.
Rising awareness regarding the eco-friendly nature of bacillus thuringiensis bio pesticides will multiply its demand in the future. Rising demand for non-toxin based pesticides coupled with concerns for the environment is another factor fostering the growth of bacillus thuringiensis bio pesticides market. Growth and expansion of the biochemical and bio pesticides industries and rising personal disposable income are some other bacillus thuringiensis bio pesticides market growth determinants. Increasing demand for natural based manure among farmers will further create lucrative and remunerative growth opportunities for the bacillus thuringiensis bio pesticides market.
However, low adoption rate will pose a major challenge to the bacillus thuringiensis bio pesticides market. Lack of appropriate research and development infrastructure in the underdeveloped economies will further create hindrances for the bacillus thuringiensis bio pesticides market growth. Well-established market for conventional and traditional agricultural inputs will also act as a bacillus thuringiensis bio pesticides market restraint.
This bacillus thuringiensis bio 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 localised 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 bacillus thuringiensis bio 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.
Bacillus Thuringiensis Bio pesticides Market Scope and Market Size
The bacillus thuringiensis bio pesticides market is segmented on the basis of mode of application, crop type and formulation. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of mode of application, the bacillus thuringiensis bio pesticides market is segmented into seed treatment, foliar application and other applications.
- On the basis of crop type, the bacillus thuringiensis bio pesticides market is segmented into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables and other crop types.
- On the basis of formulation, the bacillus thuringiensis bio pesticides market is segmented into dry and liquid.
Global Bacillus Thuringiensis Bio pesticides Market Country Level Analysis
Global bacillus thuringiensis bio pesticides market is analysed and market size, volume information is provided by country, mode of application, crop type and formulation as referenced above.
The countries covered in the bacillus thuringiensis bio pesticides market report are the U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the bacillus thuringiensis bio pesticides market and will continue to flourish its dominance during the forecast period owing to the high rate of acceptance of bacillus thuringiensis bio pesticides by the farmers. Asia-Pacific region is undergoing substantial gains and the region is set to project the highest CAGR for the forecast period owing to the increasing health consciousness among consumers.
The country section of the bacillus thuringiensis bio pesticides market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Bacillus Thuringiensis Bio pesticides Market Share Analysis
The bacillus thuringiensis bio 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 global bacillus thuringiensis bio pesticides market.
The major players covered in the bacillus thuringiensis bio pesticides report are BioWorks Inc., Marrone Bio Innovations, Hebei Weiyuan Biochemical Co., Ltd., Koppert Biological Systems, Molecraft, Zhejiang Rayfull Chemicals Co.,Ltd., STAR BIO SCIENCE, Varsha Bioscience and Technology India Pvt Ltd., BASF SE, Bayer AG, Novozymes, Cargill, Incorporated, Syngenta Crop Protection AG, Certis USA L.L.C., Andermatt Biocontrol AG, Nufarm, UPL, Valent BioSciences LLC, Luxury Presence Inc. and Isagro S.p.a. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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