Global Virus Based Bio Pesticides Market, By Type (Bio Insecticides, Bio Fungicides, Bionematicides and Bio Herbicides), 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 Virus Based Bio Pesticides Market
Data Bridge Market Research analyses that the virus based bio pesticides market will project a compound annual growth rate (CAGR) of 13.60% during the forecast period of 2021-2028. Rising utilization of sustainable and environmentally friendly pesticides as an alternative to chemical pesticides, increasing demand for natural based manure among farmers along and rapidly increasing industry competitiveness are attributable to the growth of virus based bio pesticides market. This means that the virus based bio pesticides market value, which was USD 0.49 billion in 2020 will climb up to USD 1.35 billion by the year 2028.
Bio pesticides are obtained from natural resources such as plants, animals, microorganisms and so on. Therefore, from the name itself, the source of generation of virus based bio pesticides is clear. The major aim of application of virus based bio pesticides is to show results against disease control, weed control, nematode control, plant physiology and productivity.
Rising awareness regarding the eco-friendly nature of virus based bio pesticides will multiply its demand in the future. Rising demand for non-toxin based pesticides coupled with rising environmental concerns is another factor fostering the growth of virus based bio pesticides market. Growth and expansion of the biochemical and bio pesticides industries coupled with increasing personal disposable income will also act as important virus based bio pesticides market growth determinants. Increasing demand for organic food and growing organic agriculture across the globe will further create lucrative and remunerative growth opportunities for the virus based bio pesticides market.
However, high costs associated with bio pesticides will pose a major challenge to the growth of virus based bio pesticides market. Lack of appropriate research and development infrastructure in the underdeveloped economies will further create hindrances for the virus based bio pesticides market growth. High specificity on target pests will also act as a market restraint.
This virus based 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 virus based 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.
Virus Based Bio Pesticides Market Scope and Market Size
The virus based bio pesticides market is segmented on the basis of type, 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 type, the virus based bio pesticides market is segmented into bio insecticides, bio fungicides, bionematicides and bio herbicides.
- On the basis of mode of application, the virus based bio pesticides market is segmented into seed treatment, foliar application and other applications.
- On the basis of crop type, the virus based 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 virus based bio pesticides market is segmented into dry and liquid.
Global Virus Based Bio Pesticides Market Country Level Analysis
Global virus based bio pesticides market is analyses and market size, volume information is provided by country by type, mode of application, crop type and formulation as referenced above.
The countries covered in the virus based 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 virus based bio pesticides market and will continue to flourish its dominance during the forecast period owing to the increased interest in green agricultural practices. 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 demand for organic food.
The country section of the virus based 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 Virus Based Bio Pesticides Market Share Analysis
The virus based 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 virus based bio pesticides market.
The major players covered in the virus based 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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