Virus Based Biopesticides Market Analysis

Virus Type (Baculovirus, Cytoplasm Polyhedrosis Virus)

The global virus based biopesticides market is segmented and analyzed for demand and supply by virus type into baculovirus, and cytoplasm polyhedrosis virus. Out of these two types of segments, the baculovirous segment is estimated to gain the largest market share of about 65% in the year 2037. The growth of the segment can be attributed to their higher effectiveness and advantages in controlling insecticides, and arthropods, followed by their wider usage as expression vectors in biotechnology. For instance, baculoviruses have various advantages and help minimize the need for synthetic insecticides while utilized for integrated pest control (IPM). They have no adverse effects on plants, animals, non-target insects, especially natural adversaries, and pollinators since they are selective to their target pests. In addition to this, they do not generate any poison or metabolites that may pose any harmful effect on human health. Hence, this factor is also projected to drive the segment growth further over the forecast period.

Application (Grains & Cereals, Pulses & Oilseeds, Fruits & Vegetables)

The global virus based biopesticides market is also segmented and analyzed for demand and supply by application into grains & cereals, pulses & oilseeds, fruits & vegetables, and others. Amongst these segments, the grains & cereals segment is expected to garner a significant share of around 51% in the year 2037. Cereals and grains are the staple food and their consumption is higher across the globe. Thus, the surge in the cultivation of organic cereals, coupled with the rising demand for organic grains and cereals throughout the world are projected to drive the segment growth in the coming years. Besides this, the eco-friendliness of virus based biopesticides is also estimated to be their higher use in crop cultivation, which is further projected to present huge opportunities for segment growth over the forecast period. On the other hand, the fruits & vegetables segment is projected to witness a massive CAGR during the forecast period, owing to the rising identification of pesticide residues in fresh fruits and vegetables have resulted in a global emphasis on maximum residual limits for most chemical pesticides. Since fruits and vegetables are consumed fresh, there is a considerable risk of putting more than necessary amounts of synthetic pesticides on the crops to extend their shelf life, resulting in higher residues of pesticides. Since virus based biopesticides have a relatively small residual value and are appropriate for the treatment of fruits and vegetables. Therefore, this factor is also anticipated to accelerate the segment growth further throughout the projected time frame.

Our in-depth analysis of the global market includes the following segments: