Beauveria Bassiana Market to Reach $195.1 million, Globally, by 2032 at 8.4% CAGR: Allied Market Research

News provided by

Apr 10, 2024, 10:31 ET

The beauveria bassiana market has experienced rapid growth driven by an increase in demand for sustainable agricultural solutions, stringent regulations on chemical pesticide usage, and rising awareness about environmental conservation. Technological advancements in production processes and expanding adoption of integrated pest management (IPM) practices further fuel market expansion, offering effective and eco-friendly alternatives for pest control in agriculture.

WILMINGTON, Del. , April 10, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Beauveria Bassiana Market by Type (Liquid, Powder, and Others), Application (Agriculture, Forestry, and Others), and Distribution Channel (Indirect Sales and Direct Sales): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the "beauveria bassiana market" was valued at $89.2 million in 2022, and is estimated to reach $195.1 million by 2032, growing at a CAGR of 8.4% from 2023 to 2032.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A52991

Prime determinants of growth   

The growth of the beauveria bassiana market is primarily driven by increase in awareness about sustainable pest management practices. As the demand for eco-friendly alternatives to chemical pesticides rises, beauveria bassiana, a naturally occurring fungus with proven effectiveness against a wide range of pests, has gained traction globally. Moreover, stringent regulations regarding the use of chemical pesticides, along with growing concerns about their adverse effects on human health and the environment, further boost the adoption of beauveria bassiana. Furthermore, the versatility, safety profile, and efficacy in pest control across various agricultural and horticultural applications contribute significantly to the beauveria bassiana market expansion.

Report coverage & details 

Report Coverage	Details
Forecast Period	2023–2032
Base Year	2022
Market Size in 2022	$89.2 million
Market Size in 2032	$195.1 million
CAGR	8.4 %
No. of Pages in Report	251
Segments Covered	Type, Application, Distribution Channel, And Region
Regional Scope	North America, Europe, Asia Pacific, Latin America, And Middle East & Africa
Country Scope	U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Australia, ASEAN, Brazil, Colombia
Drivers	Shift Toward Non-Chemical Pest Control Methods
	Increase In Demand For Organic Products In Global Markets
	Rise In Concerns Among Consumers Over Pesticide Residue In Food
Opportunities	Expansion Of Horticulture And Floriculture Industries
	Demand For Sustainable Agriculture Solutions
	Investment In Research And Development For Biopesticides
	Technological Advancements In Production Processes
Restraints	Competition From Chemical Pesticides
	Limited Shelf Life Of Beauveria Bassiana Products
	Temperature Resistance Challenges

The liquid segment to maintain its leadership status during the forecast period  

By type, the liquid segment held the highest market share in 2022, accounting for more than three-fifths of the global beauveria bassiana market revenue and is estimated to maintain its leadership status during the forecast period. The liquid segment has experienced growth owing to its ease of application and versatility in targeting pests across various agricultural settings compared to other formulations. Liquid formulations ensure uniform coverage and distribution, offering convenience for farmers. Ready-to-use liquid products simplify application, saving time and labor costs, contributing to their widespread acceptance and preference of this segment in the beauveria bassiana market.

Procure Complete Report (251 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/beauveria-bassiana-market

The agriculture segment to maintain its leadership status during the forecast period  

By application, the agriculture segment held the highest market share in 2022, accounting for more than three-fifths of the global beauveria bassiana market and is estimated to maintain its leadership status throughout the forecast period. Agriculture represents the largest consumer base for biopesticides such as beauveria bassiana. As farmers increasingly seek sustainable and eco-friendly alternatives to chemical pesticides, there has been rise in demand for biological control agents such as beauveria bassiana, which offer effective pest management while minimizing environmental impact. The shift in consumer preferences aligns with global trends toward sustainable agriculture practices, further driving the growth of the segment in beauveria bassiana market.

The indirect sales channel segment to maintain its leadership status during the forecast period  

By distribution channel, the indirect sales channel segment held the highest market share in 2022, accounting for more than three-fifths of the global beauveria bassiana market and is estimated to maintain its leadership status during the forecast period. The indirect sales channel is the most preferred one owing to its extensive distribution networks and value-added services. Indirect channel, which includes distributors and retailers, leverage established connections to efficiently distribute beauveria bassiana products to diverse agricultural regions worldwide. Furthermore, these intermediaries offer crucial support services such as product promotion and technical assistance, which are essential in educating farmers and ensuring effective utilization of biopesticides.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/A52991

North America to maintain its dominance by 2032 

Region-wise, North America held the highest market share in terms of revenue in 2022 and is expected to dominate the market during the forecast period. In recent years, the adoption of beauveria bassiana has surged in North America, propelled by the region's strong focus on sustainable agriculture, stringent regulations governing chemical pesticide usage, and escalating consumer preference for organic produce. Furthermore, strong research and development infrastructure, coupled with extensive distribution networks, ensure the availability and accessibility of beauveria bassiana products to farmers.

Furthermore, government agencies and agricultural organizations actively promote integrated pest management (IPM) initiatives, advocating beauveria bassiana as an essential element in pest control strategies across North America. These factors collectively highlight increase in significance of beauveria bassiana in North America.

Leading Market Players: -  

BASF SE
Certis USA L.L.C.
Filnova S.r.l.
Tari- Biotech
T.Stanes and Company Limited
ARBICO Organics
Agrigem Ltd.
Fargro Limited
Andermatt Group AG
Novozymes A/S

The report analyzes government regulations, policies, and patents to provide information on the current market trends and suggests future growth opportunities globally. Furthermore, the study highlights Porter's five forces analysis to determine the factors affecting market growth.

Trending Reports in Industry:

Agriculture Biotech Market: Global Size, Share Analysis and Industry Forecast, 2023-2032

Bacterial Biopesticides Market Global Size, Share Analysis and Forecast, 2023-2032

Biopesticides Market: Global Size, Share Analysis and Industry Growth, 2023-2032

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]

Web: https://www.alliedmarketresearch.com/reports-store/food-and-beverages

Follow Us on | Facebook | LinkedIn | YouTube