FORT WORTH , Texas, June 15, 2015 /PRNewswire/ --
This market is estimated to grow from $1,438.6 million in 2014 to $2,697.6 million by 2019, at a CAGR of 13.4% from 2014 to 2019.
Browse through the TOC of global bacterial biopesticides market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Bacterial biopesticides comprise micro-organisms (bacterium) as active ingredients, which are capable of preventing pests from harming the crops. The bacterial biopesticides are widely used as insecticides to control the growth of plant pathogenic bacteria and fungi. As insecticides, they are mostly specific to the individual species of moths and butterflies or species of beetles, flies, and mosquitoes. Bacterial biopesticides have attained a niche position in the biopesticides market and is largely driven by the growing awareness regarding the hazardous impact of synthetic inputs in conventional farming, coupled with the rising population, limited availability of arable land, and growing environmental concerns. They are very effective in controlling the agricultural pests without compromising with the productivity and profitability of agriculture.
The global bacterial biopesticides market is dominated by the bacillus thuringiensis bacteria, which produces insecticidal proteins (also referred as delta-endotoxins) that kill flies, mosquito larvae, caterpillar pests, and beetles.
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The North American Bacterial Biopesticides Market is projected as the largest market in terms of value. On the contrary, the Asia-Pacific Bacterial Biopesticides Market is projected to grow at the highest CAGR in the next five years. The market demand for bacterial biopesticides in the Asia-Pacific region is driven by the growing environmental concerns regarding the usage of synthetic (chemical-based) pesticides, coupled with the government support, have been acting as the major factors fuelling the demand for these bacterial biopesticides.
This report also includes market share, value chain analysis, Porter's five force model, opportunities, key issues along with market metrics, such as drivers and inhibitors. In addition, it also presents a competitive landscape and company profiles of the key players in this market.
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