Beauveria Bassiana Market Report Overview
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The global beauveria bassiana market size was USD 76 million in 2021 and is projected to touch USD 369.81 million by 2031, at a CAGR of 17.0% during the forecast period.
Beauveria bassiana is an entomopathogenic fungus that naturally develops in soils all over the world and parasitizes diverse arthropod species to cause white muscardine sickness. Termites, thrips, whiteflies, aphids, and other beetles are just a few of the pests that it is used to treat biologically. Its potential application in the management of bedbugs and malaria-transmitting mosquitoes is being researched.
The rise in integrated pest management (IPM) practises and consumer acceptance of organic foods are two key factors that are anticipated to support the growth of the beauveria bassiana biopesticides market during the forecast period. Additionally, the government-sponsored vigilance campaigns and the rise in agricultural losses brought on by invasive insect invasions are fueling the demand for biopesticides.
COVID-19 Impact: Supply and Demand Chain were Disrupted Due to Restrictions Imposed
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
As the pathogen invaded various businesses' value and supply chains, including the market for Beauveria bassiana, the abrupt emergence of the pandemic caused shutdown. Beginning in 2022, the COVID-19 sickness started to spread over the world, infecting millions of people. Major nations around the world have now enacted work stoppage orders and foot prohibitions. Most sectors have been significantly disrupted, and Beauveria Bassiana industries have also been significantly hit, with the exception of the medical supply and life support goods businesses.
LATEST TRENDS
"Best Biopesticide for Crop in Agricultural Practices to Propel the Market Growth"
Insecticides and pesticides are now an integral element of our food chain. In addition, the usage of pesticides, insecticides, and herbicides is rising. Pesticides are contaminated when they are used excessively. Additionally, these harmful substances contaminate our water supplies when they come into touch with water. These substances therefore enter our bodies. Numerous illnesses, including cancer, Parkinson's disease, asthma, depression, leukaemia, and anxiety, are caused by this. The price of insecticides also put a strain on farmers' finances. Bio and microbiological pesticides are the solution, taking into account all the aforementioned aspects. The biopesticides exclusively infects the host upon touch, in contrast to other bacteria and viruses found in insects. It is not necessary to consume. Physical touch alone is enough to spread the infection.
Beauveria Bassiana Market Segmentation
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- By Type
Based on type; the beauveria bassiana market is divided into liquid, powder and others.
- By Application
Based on the application; the beauveria bassiana market is divided into agriculture, forestry and others.
DRIVING FACTORS
"The Insect Attacking and killing Fungus to Drive the Market Demand "
White muscardine illness is the name of the insect sickness brought on by the fungus that affects muscardines. The fungus's minuscule spores germinate when they come into contact with an insect host's body, break through the cuticle, and grow inside the insect, killing it in a matter of days. After that, a white mould appears on the corpse and starts to release fresh spores. The host range of B. bassiana isolates varies; a typical isolate can infect a wide variety of insects. It is unknown what causes a host to be susceptible.
According to reports, the Colorado potato beetle parasite the biopesticides also serves as a host for the mycoparasitic fungus Syspastospora parasitica. This organism also targets related Clavicipitaceae insect pathogen species.
"The Utilization in Biological Control of Insect To Fuel Up the Market Growth"
Beauveria bassiana is a biological insecticide that can be used to manage a variety of pests, including termites, whiteflies, and other insects. Investigations are being done on how it might be used to manage mosquitoes that spread malaria. The spores are applied to mosquito nets as a mosquito control agent or sprayed on affected crops as an insecticide in the form of an emulsified suspension or wettable powder.
A very diverse variety of arthropod hosts are parasitized by beauveria as a species. However, different strains have different host ranges, with some having relatively small ranges, such as strain Bba 5653, which is particularly virulent to diamondback moth larvae and only kills a small number of other species of caterpillars.
RESTRAINING FACTORS
"Certain Temperature Ranging Issues to Expel the Market Share"
Beauveria spores cannot tolerate high temperatures. They perish when exposed to UV radiation. Therefore, late afternoon or evening is the optimum time to apply it. The cloudy environment is ideal for the purpose. Beauveria bassiana flourishes in moist conditions. Therefore, be sure to apply the foliar spray when the relative humidity is greater than 55%. The spores are destroyed by high heat. A temperature range of 19 to 30 oC is ideal. Low temperatures, below 17 oC, cause spores to develop slowly. Over 33 oC, they become inactive.However, certain damages and temperature issues can hamper the beauveria bassiana market growth in the projected time-frame.
Beauveria Bassiana Market Regional Insights
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"North American Region to Lead the Market with the Extensive Product Utilization"
Due to being the top exporter of numerous fruits and vegetables, North America leads the market for biopesticides. The growth of the beauveria bassiana market share in the region will also be aided by the rise in awareness of the levels of pesticide residue in crops throughout the course of the projected period. The market for biopesticides is expected to increase significantly in Europe due to the strong likelihood of expansion. Beauveria bassiana biopesticides are expected to gain in popularity in the region over the next few years as a result of increased regulation and prohibitions on chemical pesticides.
KEY INDUSTRY PLAYERS
"Key Industry Players to Promote the Market Expansion"
The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.
List of Market Players Profiled
- BASF (Germany)
- BioWorks (Sweden)
- Certis USA (U.S.A)
- FILNOVA (Italy)
- Vanda Technology (U.S.A)
- Tari Bio-Tech (India)
- M. D Agrotech (India)
- T.STANES (India)
- Multiplex Group (India).
REPORT COVERAGE
This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching of recent industry developments, deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 76 Million in 2021 |
Market Size Value By |
US$ 369.81 Million by 2031 |
Growth Rate |
CAGR of 17% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the beauveria bassiana market expected to touch by 2031?
Based on our research, the global beauveria bassiana market is projected to touch USD 369.81 million by 2031.
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What CAGR is the beauveria bassiana market expected to exhibit by 2031?
The beauveria bassiana market is expected to exhibit a CAGR of 17.0% by the forecasted year 2031.
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What are the driving factors of the beauveria bassiana market?
The insect attacking and killing fungus and the utilization in biological control of insects are the driving factors of the beauveria bassiana market.
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Which are the top companies operating in the beauveria bassiana market?
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 are the top companies operating in the beauveria bassiana market.