What is Global Bacillus thuringiensis Market?
The Global Bacillus thuringiensis Market is a fascinating and complex sector that deals with a naturally occurring bacterium, Bacillus thuringiensis, which is widely used as a bio-pesticide. This bacterium is unique because it produces proteins that are toxic to certain types of insects, particularly those in the Lepidoptera family, which includes butterflies and moths. The market for this bacterium is global, meaning it spans across all continents and countries, and is used in various industries such as agriculture, forestry, and urban greening. The market is driven by the increasing demand for organic farming and sustainable agricultural practices, as Bacillus thuringiensis is a safer alternative to chemical pesticides. It is also driven by the growing need to control insect pests that cause significant damage to crops and forests. However, the market also faces challenges such as the development of resistance in insects and the high cost of bio-pesticide production. Despite these challenges, the market has shown steady growth over the years and is expected to continue to do so in the future.
Bacillus Thuringiensis Kurstaki, Bacillus Thuringiensis Serotype Israelensis, Bacillus Thuringiensis Aizawai, Others in the Global Bacillus thuringiensis Market:
Bacillus Thuringiensis Kurstaki, Bacillus Thuringiensis Serotype Israelensis, Bacillus Thuringiensis Aizawai, and others are the different types of Bacillus thuringiensis used in the global market. Each type has its unique properties and uses. Bacillus Thuringiensis Kurstaki is primarily used against caterpillar pests, while Bacillus Thuringiensis Serotype Israelensis is effective against mosquito and blackfly larvae. Bacillus Thuringiensis Aizawai is used against wax moth larvae and certain types of beetles. Other types of Bacillus thuringiensis are also used against a variety of pests, including beetles, mosquitoes, and flies. These different types of Bacillus thuringiensis are used in various industries, including agriculture, forestry, and urban greening, to control a wide range of pests. The choice of Bacillus thuringiensis type depends on the specific pest problem, the environment, and the desired outcome.
Fruit and Vegetables, Crops, Forest, Urban Greening, Gardening, Others in the Global Bacillus thuringiensis Market:
The Global Bacillus thuringiensis Market is used in a variety of areas, including fruit and vegetables, crops, forest, urban greening, gardening, and others. In fruit and vegetable farming, Bacillus thuringiensis is used to control pests that cause significant damage to the crops, such as caterpillars and beetles. In crop farming, it is used to control pests like corn borers and cotton bollworms. In forestry, Bacillus thuringiensis is used to control pests like gypsy moth and spruce budworm that cause significant damage to trees. In urban greening, it is used to control pests like mosquitoes and flies that are a nuisance to people. In gardening, Bacillus thuringiensis is used to control pests like caterpillars and beetles that damage plants. Other uses of Bacillus thuringiensis include controlling pests in aquaculture and controlling pests in public health.
Global Bacillus thuringiensis Market Outlook:
The global Bacillus thuringiensis market is a dynamic and growing sector. In 2022, the market was valued at US$ 240.2 million. This value is expected to increase significantly, reaching US$ 372.7 million by 2029. This growth represents a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period from 2023 to 2029. This growth is driven by several factors, including the increasing demand for organic farming, the growing need to control insect pests, and the advantages of Bacillus thuringiensis over chemical pesticides. The market is also characterized by the dominance of a few key players. In 2019, the top 5 players in the market held about 52% of the market share. This indicates a high level of concentration in the market, with a few companies having a significant influence on the market dynamics.
| Report Metric | Details |
| Report Name | Bacillus thuringiensis Market |
| Accounted market size in 2022 | US$ 240.2 million |
| Forecasted market size in 2029 | US$ 372.7 million |
| CAGR | 6.4% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Sumitomo Chemical, Certis USA, FMC, Fujian Pucheng Green Shell Biopesticide, King Biotec, Shaanxi Microbe Biotechnology, Wuhan Unioasis Biological, Wuhan Kernel Bio-tech, Yangzhou Luyuan Bio-Chemical, Phyllom BioProducts Corporation, Bonide, Becker Microbial Products |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
