Virus Based Biopesticides Market

Virus Based Biopesticides Market Segmentation by Type (Microbial, and Microbial); by Virus Type (Baculovirus, and Cytoplasm Polyhedrosis Virus); by Application (Grains & Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Others) – Global Demand Analysis & Opportunity Outlook 2030

Buy Now
Report ID: 3405 | Published On: Feb 08, 2023

Preview Analysis

Request Insights
Despite Inflation & Recession News, Businesses Across the Globe Expected to Do Better in 2023

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


In The News

  • February 14, 2020: Koppert collaborated with the international non-profit organization CABI to launch an online free-to-use resource in Kenya that is created with the aim to help growers in reducing their reliance on chemical pesticides to produce healthier food.


Global Virus Based Biopesticides Market Highlights 2022 – 2030

The global virus based biopesticides market is estimated to garner a large revenue by growing at a CAGR of ~15% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increase in the area under organic cultivation, rising concerns associated with the impact of pesticides on biodiversity, and growing demand for organic food around the world. Organic food worth more than USD 96 billion was sold around the world in 2017, which grew up to a quantity amounting more than USD 105 billion in 2019. Along with these, people are becoming more conscious regarding the pesticide residue levels in food and several integrated pest management (IPM) practices, which in turn is also expected to drive market growth in the upcoming years. Furthermore, rising number of product launches and expansion strategies adopted by key market players are projected to offer ample growth opportunities to the market in the studied period. 

Virus-Based-Biopesticides-Market

Get more information on this reportDownload Sample PDF

The market is segmented by application into grains & cereals, pulses & oilseeds, fruits & vegetables and others, out of which, the fruits & vegetables segment is anticipated to hold the largest share and witness the highest growth in the global virus based biopesticides market on account of the growing demand for high-value crops grown under organic farming and the rise in focus to meet the requirement of residue-free crops globally. Additionally, on the basis of virus type, the baculovirus segment is predicted to grab the largest share during the forecast period. Baculovirus is considered to be an effective biocontrol agent that does not leave any residue in the products, harm the health of applicator or pollute the environment, which is major factor boosting the production of these virus based biopesticides since the last few years.


Global Virus Based Biopesticides Market Regional Synopsis

On the basis of geographical analysis, the global virus based biopesticides market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the North America region is estimated to occupy the largest share over the forecast period on the back of escalating awareness about high pesticide residue levels in crops and strong presence of market players. In addition, shift in the eating habits of consumers and growing emphasis on consumption of organic foods are also projected to boost the growth of the market in this region. According to the Food and Agriculture Organization of the United States, the organic food sales in the country in the year 2017 increased by 13 times since 1997, reaching a value of over USD 45 billion. Moreover, the market in Europe is also evaluated to occupy a significant market share, which can be credited to the increasing number of research and development activities associated with residue free crop produce and growing levels of health awareness in the region.

Global-Virus-Based-Biopesticides-Market-Share

The global virus based biopesticides market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Market Segmentation

Our in-depth analysis of the global virus based biopesticides market includes the following segments:

By Type

  • Microbial
  • Microbial

By Virus Type

  • Baculovirus
  • Cytoplasm Polyhedrosis Virus

By Application

  • Grains & Cereals
  • Pulses & Oilseeds
  • Fruits & Vegetables
  • Others

Growth Drivers

  • Increase in the Area Under Organic Cultivation
  • Rising Demand for Organic Food Around the World

Challenges

  • Low Popularity of Virus Based Biopesticides in Under Developed Nations


Virus-Based-Biopesticides-Market
Get more information on this report: Request Sample PDF

Global-Virus-Based-Biopesticides-Market-Share
Get more information on this report: Request Sample PDF

Top Featured Companies Dominating the Market

    • Certis USA LLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Valent Biosciences Corporation
    • Koppert Biological Systems
    • Bayer CropScience AG
    • BASF SE
    • Syngenta AG
    • Novozymes A/S
    • Marrone Bio Innovations
    • Nufarm

     


Key Questions Answered in the Report

1) What are the major factors driving the growth of the virus based biopesticides market?

Ans: The major growth drivers for the market are increase in the area under organic cultivation and rising demand for organic food around the world.

2) What would be the CAGR of virus based biopesticides market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~15% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the virus based biopesticides market growth?

Ans: Low popularity of virus based biopesticides in under developed nations is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of virus based biopesticides market in future?

Ans: North America will provide more opportunities for market growth in the region owing to the escalating awareness about high pesticide residue levels in crops.

5) Who are the major players dominating the virus based biopesticides market?

Ans: The major players in the market are Certis USA LLC, Valent Biosciences Corporation, Koppert Biological Systems, Bayer CropScience AG, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the virus based biopesticides market?

Ans: The market is segmented by type, virus type, application, and by region.

8) Which segment captures the largest market size in the application segment in the virus based biopesticides market?

Ans: The fruits & vegetables segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.

Let Us Hear About Your Requirements:

Submit Your Request For Proposal (RFP)

Submit RFP    Buy Now Download Research Report Sample