Global Bioinsecticides Market: Key Highlights
Global Bioinsecticides Market: Key Market Dynamics
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Global Bioinsecticides Market: Regional Overview
North America region comprises US, Canada, and Mexico. The region is the major producer of the fruits & vegetables. Moreover, the demand for bioinsecticides in the North America is increasing due to the increasing inclination towards the green agricultural practices and loss of conventional products to reregistration and some performance issues. Moreover, increasing demand for bioinsecticides due to growing consumer awareness towards organic product is expected to fuel the market growth.
Asia Pacific region is expected to grow at a higher growth rate during the forecasted period. The highest growth of this region can be attributed to the increasing consumption of natural and organic food from the world's most populated countries includes India and China. Moreover, increasing investment in R&D is also a major factor that will help to boost the market growth in the Asia Pacific region. For Instance, China has registered more than 90 biopesticides active ingredients.
Global Bioinsecticides Market: Key Players Overview
Marrone Bio Innovations is a privately-held US-based company specializes in the innovation and manufacturing of smart biopesticide solutions. In January 2020, Marrone Bio Innovations' product “Stargus” got approval from the California Department of Pesticide Regulation (CDPR) and allows to use immediately in the farms.
Syngenta is one of the leading agricultural company based in Switzerland. The company has a presence in 90 countries around the globe with 28,000 employees. In March 2018, Syngenta acquired Strider, a Brazil-based agro technological company. This acquisition will help to Syngenta to expand its future business in the South America region.
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