A11563 | Pages: NA | Jul 2022 | 962 Views | ||
Author(s) : Eswara Prasad | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Bio-insecticide Market
Request Now !Bio-insecticides are natural formulations used for the management of bugs that feed on crops. They are one-of-a-kind from chemical insecticides in numerous ways. They cure the plant and soil from disease inflicting pathogens. Unlike chemical pesticides, bio-pesticides provide safety to the crop and soil. Bio-insecticides are preferred over the chemical pesticides. While synthetic pesticides are an excellent tool for agricultural production, they do have some disadvantages: they are costly, they are not always infallible, they may collect in our environment and harm our water systems, and they are not species specific. On the other hand, Bioinsecticides do not persist in the environment for a long time and have smaller shelf lives. They are effective at low quantities and are safer for humans and animals than synthetic insecticides, they are very precise, often impacting only a single species of insect and have a very specific mechanism of action, they are slow in action and the timing of their application is comparatively crucial.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years |  2019–2028 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) |
 Segments Covered |  Technology, Application, Industry Vertical, and Region |
 Regions Covered |  North America, Europe, Asia-Pacific, LAMEA |
 Companies Covered | Camson Biotechnologies Ltd, Futureco Bioscience S.A., Andermatt Biocontrol AG, Som Phytopharma India Ltd, Marrone Bio Innovations, Biobest Group NV, SDS Biotech K.K, BioSafe Systems, LLC, Certis USA LLC, Valent Biosciences LLC, KilPest India Ltd, Bayer Pharmaceutics Company |
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COVID-19 Impact analysis
Heavy crop loss because of pest assaults pressurizes farmers to apply crop safety chemical compounds. Growing demand for biopesticides attributable to growing customer focus concerning food and environmental protection will create possibilities for crop protections chemical compounds' producers in years ahead. Short life of bioinsecticides, poor infrastructure & excessive initial funding required for storage and delivery of bioinsecticides restrains the growth of the bio-insecticide market.
Mitsui & Co. Ltd.'s affiliate, Mitsui AgriScience International SA/NV, has purchased a majority stake in Belchim Crop Protection NV/SA (BCP) (MASI). Mitsui's investment in BCP, together with its existing subsidiary Certis Europe B.V., expands Mitsui's development and distribution capabilities and offers a pathway for Japanese R&D innovation to reach the EU crop protection market.
Ventures introduced its collaboration with UPL Ltd. for Rynaxypyr Active Ingredient. This strategic move will permit FMC to boost Rynaxypyr lively to the farmers around the world and enhance the producing ability of this essential molecule.
A brand-new organic insecticide named Velifer developed by BASF SE Company for pest control in vegetable crops, registered to be used in Australia.
In order to achieve strategic mutual expansion, Futureco Bioscience S.A. has decided to sell a minority share to Sumi Agro Europe Ltd., SAE, a subsidiary of the Japanese firm Sumitomo Corporation specialized in crop protection and marketing.
Syngenta AG released its first bioinsecticides, Costar, in Portugal. The formula is primarily based totally on the stress of Bacillus spp., to be used in greater than 50 crops in European countries.
Key Segments Covered
Technology
Application
Industry Vertical
Region
Key Benefits of the Report
Questions answered in the Bio-insecticide Report
Key Market Segments
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Key Market Players
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