Beauveria Bassiana Market Size, Share, Growth and Industry Analysis, By Type (Liquid Beauveria bassiana and Powder Beauveria bassiana), By Application (Agriculture, Forestry and Others), and Regional Forecast to 2032.

BEAUVERIA BASSIANA MARKET REPORT OVERVIEW

The global beauveria bassiana market size was USD 76 million in 2023 and the market is projected to touch USD 369.81 million by 2032, exhibiting a CAGR of 17.0% during the forecast period.

This perish yeast is being slowly applied as a biopesticide and it influences termites, thripids, whiteflies, Aphids and creepy-crawlies amongst others. Given the ongoing research on its efficacy against bedbugs as well as malarial mosquitoes, therefore, there is an increasing number of areas in which the Beauveria Bassiana can be applied.

Another factor pointing at the Beauveria Bassiana market growth is the growing concern with the environment and health hazards that come with the use of chemical pesticides. Pesticide control agencies all over the world are continuing to regulate the use of synthetic pesticides implying that big agriculture and small holder farmer are embracing biocontrol agents such as Beauveria Bassiana. This shift is not only changing market trends but also contributing to continuous research and development in the field resulting into improved product formulations and delivery systems. Additionally, as organic and sustainably produced food industry advances, the use of Beauveria Bassiana in integrated pest management systems is projected to increase in occurrence thereby boosting the overall growth of the market.

Covid-19 Impact: Short-term effects of the pandemic included disruption of supple chains and contraction in the size of the Beauveria Bassiana market

Pandemic disruption of the Beauveria Bassiana market were COVID-19 related and it affected the market temporarily in the aspect of supply chain and farming disruption. Some of the measures of managing an outbreak such as lock downs and restrictions of movement affected the firm in its production of the products and the delivery thereof especially to its key markets of North America and Europe. However, with the appearance of new norms in the world, there is a need for bio pest control and with focus on Sustainability in agricultural practices, there is hope for the development of these industries.

The long-term impacts of Covid 19 have made companies rethink the entire supply chains and invest more in local production capabilities in the Beauveria Bassiana market. International and global logistics, too, started undergoing some severe tests and more concentrated efforts were directed towards making the companies less depended on international suppliers and more concentrated efforts were directed towards setting up more localized logistic nodes. It also avoids potential future risks related to disruptions in global supply chains while complementing the emerging new direction towards buy local and fewer carbon emissions. Furthermore, the pandemic also demonstrated the need to have sustainable agriculture practices and actually boosted the use of Beauveria Bassiana as one of the best biological pest control agents in the different parts of the world.

LATEST TRENDS

"Market for Beauveria Bassiana is influenced by increased usage demand of organic farming"

One major driver for the Beauveria Bassiana market is the rising popularity of the usage of organic products in farming coupled with the shift towards sustainable farming. Customers are becoming more sensitive to environmental issues and have therefore preferred green solutions such as Beauveria Bassiana which provides a natural solution as a pesticide. Also, development in the bio-pesticide formulations is making these products more available and effective in the market place.

MARKET SEGMENTATION

By Type

• Liquid Beauveria Bassiana: This segment comprises concentration that is prepared with Beauveria Bassiana being dissolved in a liquid matrix. It is preferred for its applications in spray systems particularly in large scale farming.
• Powder Beauveria Bassiana: In this type it is formulated as a dry powder for that it can be directly applied on the fruits or alternatively it can be diluted with water or any other liquid solution. It is used due to the reasons that it has longer shelf life and it can be harnessed depending with the pest control circumstance needed.

By Application

• Agriculture: Beauveria Bassiana is widely used in Agriculture to eliminate pests which pose a threat to crop produce and quality, over a chemical control method hence environmentally friendly.
• Forestry: The industry of forestry applies beauveria bassiana to control pests that are harmful to trees hence maintaining and increasing the yield of forest resources.

DRIVING FACTORS

"The rising demand for organic pest control solutions drive the Beauveri Bassiana market"

Another main factor that is driving the growth for the Beauveria Bassiana market is the shift towards sustainable and environmentally friendly pest control solutions in the global level. This is perhaps due to growing pressure from consumers and governments to tone down the use of chemical pesticides, to go natural/ Biological control method such as Beauveria Bassiana. This shift is very well seen in the organic farming, where the use of Beauveria Bassiana is emerging due to safety and ambiance’s effectiveness in spite of the norms set by the international environment and health standards.

"Growth for the Beauveria Bassiana market is engendered by the increasing pest resistance to chemical pesticides"

Another significant aspect driving the growth in the Beauveria Bassiana market is the increasing issue of pest aggressiveness to conventional chemical insecticides. Many pests have however over the years developed a resistance hence traditional pesticides are not very effective. Therefore, Beauveria Bassiana proposed a new approach to controlling pests that are yet to evolve resistance against it and therefore may be considered as a tool in pest control in areas that have been affected most by Pesticide resistance.

RESTRAINING FACTOR

"High production costs slow down the market growth of Beauveria Bassiana"

Although the research indicates that the market of Beauveria Bassiana is promising, its high production costs remain the limitations. The general procedures of cultivating and formulating Beauveria Bassiana are elaborate and capital –consuming hence the high costs as compared to the synthetic chemicals. This cost factor may often hinder the uptake of this technology since farmers in different regions may not afford it.

MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa

"North America Region Leading the Market Due to Progressive Agricultural Performs and Governing Provision"

The largest consumers are situated in North America where beauveria bassiana market share takes nearly 35% of the global market. This situation makes the region more advantageous thanks to better farming and constant need for the organic approach to pest management. Such factors like favourable polices as well as a good distribution channel make the use of Beauveria Bassiana products common. Europe comes second, this is due to the unforgiving laws for the use of chemical pesticides in agriculture and rising cases of organic farming.

KEY INDUSTRY PLAYERS

"Leading Companies Driving Innovation and Growth"

The market for Beauveria Bassiana is quite concentrated with a few prominent market players defining the dynamics of the market. Currently, key players such as BASF, Koppert B. V., and Bioquirama SAS are engaging actively in this line and investing significantly on research. Currently these players are oriented at diversifying their product offering, increasing the effectiveness of Beauveria Bassiana formulation and developing delivery channels to penetrate the market. It must however be noted that competition is also expected to increase due to growing interest from more players owing to high customer demand for biological pest control solutions.

List of Market Players Profiled

• BASF (Germany)

• Koppert B.V.  (Netherlands)

• Bio Works (U.S)

• Certis USA (U.S)

• Bioquirama SAS (Colombia)

• Tianren (China)

• Troy BioSciences (U.S)

• FILNOVA (India)

• Build Soil (U.S)

• Vanda Technology (China)

• Tari Bio-Tech (India)

INDUSTRIAL DEVELOPMENT

March 2023: The marketplace of Beauveria Bassiana has been undergoing a tendency of industrial development in current centuries mainly on the handing out of the creation as well as the method of submission. Till date it has been found that firms are allocating a significant amount in researches related to enhanced stability, efficacy, and the shelf life of the products made from Beauveria Bassiana. This involves shifts from liquid formulations to powdery formulations as well as, improvements in catering for the various necessities of farming and silviculture. Furthermore, partnerships with biotechnology companies and agricultural businesses are encouraging the development for fresh sophisticated pest management techniques.

REPORT COVERAGE

Every aspect of the global Beauveria Bassiana market is given thorough coverage in this report inclusive of enabling factors, restraining factors, and those that are providing opportunities. It provides detailed insights about market by division of its segments types and applications, along with market size in USD billion and growth rate for each segment. The report also has a detailed section on competition matrix that covers the major players, their current strategies and the latest events with respect to the market. Market analysis by region is done for North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa which includes regional revenue and growth.

The technological trends are also included in the report, in addition to the analysis of the regulatory environment as well as market opportunities that are expected to appear in the near future. Specifically, it is intended to enable industry actors to make sound decisions in that they are able to get practical data and recommendations for actions based on the current and anticipated market trends.