What is Global Beauveria Bassiana Insecticide Market?
The Global Beauveria Bassiana Insecticide Market is a fascinating and complex sector of the global economy. Beauveria Bassiana is a fungus that naturally occurs in soils around the world. It is used as a biological insecticide to control a wide range of pests, particularly those that affect crops. The market for this insecticide is global, meaning it is bought and sold in countries all over the world. The market's value is determined by the demand for the product, which is influenced by factors such as the prevalence of pests, the effectiveness of the insecticide, and the regulations governing its use. The market is also affected by the supply of the product, which can be influenced by factors such as the cost of production and the availability of raw materials.
Liquid, Powder in the Global Beauveria Bassiana Insecticide Market:
The Global Beauveria Bassiana Insecticide Market is divided into two main segments: liquid and powder. The liquid form of Beauveria Bassiana is typically used as a spray, while the powder form is often mixed with water and applied as a drench. Both forms have their advantages and disadvantages. For example, the liquid form is easier to apply and can cover a larger area, but it may not be as effective as the powder form in certain situations. The powder form, on the other hand, can be more potent and longer-lasting, but it can be more difficult to apply evenly. The choice between liquid and powder often depends on the specific needs of the user, such as the type of pest being targeted and the conditions in which the insecticide is being applied.
Agriculture, Forestry in the Global Beauveria Bassiana Insecticide Market:
The Global Beauveria Bassiana Insecticide Market is widely used in agriculture and forestry. In agriculture, it is used to control pests that damage crops, such as aphids, beetles, and caterpillars. It is particularly effective against pests that have become resistant to chemical insecticides. In forestry, Beauveria Bassiana is used to control pests that damage trees, such as bark beetles and wood borers. It is also used to control pests that spread diseases, such as the emerald ash borer, which is responsible for the death of millions of ash trees in North America. The use of Beauveria Bassiana in these sectors is expected to increase in the future, as more and more people recognize the benefits of using biological insecticides over chemical ones.
Global Beauveria Bassiana Insecticide Market Outlook:
The future of the Global Beauveria Bassiana Insecticide Market looks promising. In 2023, the market was valued at US$ 76 million. This value is expected to increase to US$ 93 million by 2030, representing a compound annual growth rate (CAGR) of 2.9% during the period from 2024 to 2030. This growth is expected to be driven by a number of factors, including the increasing demand for biological insecticides, the growing awareness of the environmental and health risks associated with chemical insecticides, and the rising prevalence of pests that are resistant to chemical insecticides. However, the market's growth could be hindered by factors such as the high cost of production and the strict regulations governing the use of biological insecticides.
| Report Metric | Details |
| Report Name | Beauveria Bassiana Insecticide Market |
| Accounted market size in 2023 | US$ 76 million |
| Forecasted market size in 2030 | US$ 93 million |
| CAGR | 2.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | BASF, BioWorks, Koppert B.V, Certis USA, Tianren, Bioquirama SAS, Troy BioSciences, FILNOVA, BuildASoil, Vanda Technology, Tari Bio-Tech, M. D Agrotech, T.STANES, Multiplex Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
