Europe Bioinsecticides Market was worth USD 340 Million in 2016 and is expected to reach USD 670 Million by 2021 with a CAGR of 18.0 %.
Insecticides are a kind of pesticides used to kill insects that cause damage to crops. Bioinsecticide is a biological based insecticide are used to control insects and disease carriers like ticks, spiders, rats.
and are environmental friendly. Every pest has its natural enemy which can be used to kill it.
These Bioinsecticides are alternatives to some of the synthetic insecticides which pollute the environment and affect humans.
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Major factors driving the market are rise in crop loss due to insects and diseases, changing farming practices, and development of pest-resistance to various chemicals are some of the major factors driving the market. However, some of the factors like the Stringent Regulations on pesticide use is limiting the growth of the market.
Europe Bioinsecticides Market is segmented on the basis of Type, Crop Type, Mode of Application, Formulation and Mechanism. Based on Type, Market is segmented into Predators, Pathogens & Parasites, and Natural Insecticides.
The pathogens are further segmented into Bacillus Thuringiensis, Beauveria Bassiana, Verticillium Lecanii, Metarhizium Anisopliae and others. Based on Crop Type, Market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, others.
Based on Formulation, Market is segmented into Dry and Liquid. Based on Mode of Application, Market is further segmented into Soil treatment, seed treatment, foliar spray, post-harvest.
Based on Mechanism, Market is segmented into Mating Disruption, Anti-Feeding, Suffocation, and Desiccation. Geographically, the European bioinsecticides market is further segmented in to UK, France, Germany, Spain and Italy.
Some of the key Players in the European Bioinsecticides market are Valent Biosciences Corporation, Syngenta AG, Bayer Crop Science AG, E. I. du Pont de Nemours and Company, Novozymes A/S, and Koppert B.V.
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