Bacillus Thuringiensis Market COVID -19 Effect Considered Global Bacillus thuringiensis Market Size was USD 240.90 Million in 2022, this report covers Market growth, trend, opportunity and forecast 2023-2030
Industry Agriculture
Published: Sep-2023
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The Bacillus thuringiensis Market is expected to grow from USD 240.90 Million in 2022 to USD 371.90 Million by 2030, at a CAGR of 6.40% during the forecast period.
The Bacillus thuringiensis market is expected to grow at a CAGR of 6.40% from 2022 to 2030, fueled by the increasing demand for natural and ecofriendly pest control solutions. Bacillus thuringiensis is a naturally occurring bacterium that produces proteins toxic to a variety of insects, making it an effective and sustainable alternative to chemical pesticides. APAC is expected to be the fastest-growing region due to its large agricultural sector and the rising demand for organic food. The global Bacillus thuringiensis market is expected to reach USD 371.90 Million by 2030, with increased adoption of sustainable agriculture practices driving growth.
The objective of report is to define, segment, and project the market on the basis of product type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry etc.
Bacillus thuringiensis (Bt) is a naturally occurring soil bacterium that produces crystal proteins toxic to various insects. The global Bacillus thuringiensis market research report highlights market segments based on type, application, and region. The market is segmented into Bacillus Thuringiensis Kurstaki, Bacillus Thuringiensis Serotype Israelensis, Bacillus Thuringiensis Aizawai, and Others. The application segment includes Fruit and Vegetables, Crops, Forest, Urban Greening, Gardening, and Others. The report covers market players such as Sumitomo Chemical, Certis USA, FMC, Fujian Pucheng Green Shell Biopesticide, King Biotec, Shaanxi Microbe Biotechnology, Wuhan Unioasis Biological, Wuhan Kernel Bio-tech, Yangzhou Luyuan Bio-Chemical, Phyllom BioProducts Corporation, Bonide, and Becker Microbial Products. The report also highlights regulatory and legal factors specific to market conditions impacting the growth of the Bacillus thuringiensis market worldwide. Overall, the Bacillus thuringiensis market is expected to witness significant growth in the coming years due to an increase in demand for organic and environment-friendly pesticides.
MARKET OVERVIEW
The Bacillus thuringiensis market is expected to grow from USD 256.30 Million in 2023 to USD 371.90 Million by 2030, at a CAGR of 6.40% during the forecast period.
Bacillus thuringiensis Market Overview
Source: Secondary Information and Report Prime Research Team; 2023
Report Scope
Below table covers some details about the current and projected market size details.
Market Size in 2022 240.90 Million
Projected
Market Size in 2023
Projected Market Size in 2030
CAGR Growth Rate
256.30 Million
371.90 Million
6.40% CAGR
Base Year 2022
Forecast Years
Key Market Players
Key Segment By Type
Key Segment By Applications
Major Regions Covered
2023 - 2030
Sumitomo Chemical, Certis USA, FMC, Sumitomo Chemical, Fujian Pucheng Green Shell Biopesticide, King Biotec, Shaanxi Microbe Biotechnology, Wuhan Unioasis Biological, Wuhan Kernel Bio-tech, Yangzhou Luyuan Bio-Chemical, Phyllom BioProducts Corporation, Bonide, Becker Microbial Products
Bacillus Thuringiensis Kurstaki, Bacillus Thuringiensis Serotype Israelensis, Bacillus Thuringiensis Aizawai, Others
Fruit and Vegetables, Crops, Forest, Urban Greening, Gardening, Others
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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MARKET Segmentation
Bacillus thuringiensis (Bt) is a bacterium that produces proteins toxic to various insect pests, making it a key tool in insect pest management. The Bt market is mainly driven by increasing demand from the agriculture sector for natural and safe insecticides. The demand for Bt-based products has also risen due to growing concerns over the environmental and health effects of chemical-based insecticides. Moreover, increasing government regulations on chemical pesticides have led to a shift towards eco-friendly pest control methods, further boosting the demand for Bt products. The Bt market has witnessed several trends recently, including increasing adoption of genetically modified Bt crops that produce insecticidal proteins. The adoption of Bt crops has increased due to its ability to reduce insecticide use, thereby reducing the damage caused to the environment. The market is also witnessing a trend towards the development of Bt-based products with improved efficacy and extended shelf-life. However, the Bt market faces some major challenges, including high competition from chemical pesticides and availability of alternative biocontrol agents. Additionally, the high cost of Bt products is likely to hamper market growth, particularly in developing countries. Another challenge faced by the market is resistance to Bt toxins by targeted pests, which requires the development of new Bt strains to keep pace with the evolving pest population.
The main findings of the report suggest that the Bt market is poised for significant growth, thanks to the growing demand from the agriculture sector for eco-friendly and sustainable pest control options. The key drivers of the Bt market include increasing regulations on chemical pesticides, growing use of genetically modified Bt crops, and rising demand for organic food. The report recommends that market players focus on developing innovative and cost-effective Bt products that offer improved efficacy and longer shelf-life. Companies must also invest in R&D to develop new Bt strains that can counter resistance by targeted pests.
This report covers impact on COVID-19 and Russia-Ukraine wars in detail.
Key Product Application Covered
• Fruit and Vegetables
• Crops
• Forest
• Urban Greening
• Gardening
• Others
Key Product Types Covered
• Bacillus Thuringiensis Kurstaki
• Bacillus Thuringiensis Serotype Israelensis
• Bacillus Thuringiensis Aizawai
• Others
Key Companies Covered
• Sumitomo Chemical
• Certis USA . FMC
• Sumitomo Chemical
• Fujian Pucheng Green Shell Biopesticide
MARKET BY REGION
Bacillus thuringiensis is a popular biopesticide that has seen a steady growth in demand in the recent years. North America and Europe are the leading markets due to the strict regulations and preference for organic produce. However, the APAC region is expected to witness the highest growth due to the increasing demand for biopesticides and the promotion of sustainable agriculture by governments. The USA is another market that has seen a considerable growth in demand due to the focus on reducing chemical pesticide use. China, being the largest farming country, is anticipated to have a significant market share, with an increasing demand for biopesticides and sustainable agriculture in the country.
The Bacillus thuringiensis market is expected to be dominated by North America, followed by Europe and Asia Pacific. North America is expected to have the largest market share percent valuation due to the increasing demand for organic and natural insecticides in the region. In addition, the presence of major key players in the region is expected to contribute to the growth of the market.
Europe is also expected to have a significant share in the Bacillus thuringiensis market, owing to the rising demand for environment-friendly and sustainable agriculture practices. Furthermore, strict regulations regarding the use of synthetic chemicals in agriculture are also expected to boost the market growth in the region.
The Asia Pacific is also anticipated to witness significant growth in the Bacillus thuringiensis market due to the increasing population and growing demand for food products. In addition, the rising awareness about the harmful effects of synthetic chemicals on the environment and human health is also expected to contribute to the growth of the market in the region.
The expected market share of the Bacillus thuringiensis market in North America is estimated to be around 40%, while Europe and Asia Pacific are expected to account for 30% and 25%, respectively. The remaining 5% market share is expected to be held by the rest of the world.
Our report covers multiple other countries apart from the one mentioned here. We can also add more countries or we can be specific to one country based on your specific requirements. The report covers the competitive and regional landscape. Also, talks about the macro and micro economic factors.
Source: Secondary Information and Report Prime Research Team; 2023
MARKET BY COMPANY Market Share By Company
Bacillus thuringiensis (Bt) market has experienced rapid growth in recent years owing to the rising demand for eco-friendly pest control solutions. Several players dominate the Bt market globally, including Sumitomo Chemical, Certis USA, FMC, Fujian Pucheng Green Shell Biopesticide, King Biotec, Shaanxi Microbe Biotechnology, Wuhan Unioasis Biological, Wuhan Kernel Bio-tech, Yangzhou Luyuan Bio-Chemical, Phyllom BioProducts Corporation, Bonide, and Becker Microbial Products.
Source: Secondary Information and Report Mines Research Team; Sumitomo Chemical and Certis USA are the leaders in the Bt 2022 market, accounting for a significant market share. These companies offer a wide range of products based on Bt, including insecticides, fungicides, and bactericides. FMC Corporation, on the other hand, focuses on developing and commercializing innovative biotechnology products. Fujian Pucheng Green Shell Biopesticide, Yangzhou Luyuan Bio-Chemical, and Shaanxi Microbe Biotechnology are some of the key Chinese companies operating in the Bt market.
King Biotec, Wuhan Unioasis Biological, Wuhan Kernel Bio-tech, Phyllom BioProducts Corporation, Bonide, and Becker Microbial Products also offer a range of Bt-based products. These companies have been expanding their product portfolio and strengthening their distribution channels to cater to the rising demand for Bt-based products globally.
Sumitomo Chemical reported net sales of $19.5 billion in FY2020. Certis USA, a subsidiary of Mitsui & Co., reported sales of $1.1 billion in 2019. FMC Corporation generated sales of $4.6 billion in 2020, and Phyllom BioProducts Corporation reported revenue of $4.3 million in 2020.
In conclusion, the Bt market is dominated by a few key players who offer a wide range of Bt-based products. These companies are constantly expanding their product portfolio and strengthening their distribution channels to cater to the rising demand for eco-friendly pest control solutions. The market is expected to continue growing over the coming years owing to the increasing awareness of the harmful effects of chemical pesticides and the growing demand for sustainable agriculture practices.
Our report covers multiple other companies apart from the one mentioned here. We can also add more companies based on your specific requirements. The report covers the competitive landscape along with their market size, revenue, growth rate, potential and other key
parameters.
Key Companies Covered
• Sumitomo Chemical
• Certis USA . FMC
• Sumitomo Chemical
• Fujian Pucheng Green Shell Biopesticide
MARKET BY TYPE Market Share By Type
Bacillus thuringiensis (Bt) is a spore-forming bacterium that produces insecticidal crystal proteins known as delta-endotoxins. These toxins selectively target a wide range of insect pests, making Bt-based biopesticides a popular choice for integrated pest management programs. There are different types of Bt strains, each with specific target pests.
Bacillus thuringiensis Kurstaki (Btk) is the most widely used strain and is effective against lepidopteran pests such as caterpillars, Source: Secondary Information and Report Mines Research Team; moths, and butterflies. Bacillus thuringiensis Serotype Israelensis 2022 (Bti) is effective against mosquito and black fly larvae. Bacillus thuringiensis Aizawai (Bta) is effective against beetles and caterpillars, while Bacillus thuringiensis Tenebrionis (Btt) is effective against beetle larvae. Other types of Bt strains are also available, each with its specific target pests. These different types of Bt biopesticides provide farmers with a wide range of options for managing pest problems, leading to an increased demand for Bacillus thuringiensis in the market. Additionally, the high efficacy of Bt-based biopesticides in controlling insect pests and their low toxicity to non-target organisms have contributed to their increasing popularity in agricultural, forestry, and public health sectors.
Key Product Types
• Bacillus Thuringiensis Kurstaki
• Bacillus Thuringiensis Serotype Israelensis
• Bacillus Thuringiensis Aizawai
• Others
MARKET BY APPLICATIONS Market Share By Application
Bacillus thuringiensis (Bt) is a biopesticide widely used in agriculture for controlling pests that damage fruit and vegetables, crops, and forests. It is an effective alternative to synthetic pesticides as it is environmentally friendly and does not harm beneficial organisms such as birds, bees, and other insects. Bt is also used in urban greening and gardening to control pests on plants and lawns. In addition, Bt is used in vector control programs to c°ntr°l mosquitoes that carry diseases such as malaria and Source: Secondary Information and Report Mines Research Team -dengue fever. Bt produces crystal proteins that are toxic to target 2022 insects, disrupting their digestive system and killing them.
The fastest-growing application segment of Bt in terms of revenue is the crop protection sector. The demand for Bt biopesticides is increasing as farmers are adopting sustainable farming practices and reducing the use of synthetic chemicals. In addition, the global biopesticide market is growing due to the increasing awareness of the harmful effects of chemical pesticides on human health and the environment. The use of Bt in fruit and vegetable production is also growing, driven by consumer demand for pesticide-free produce. Overall, the application of Bt is expanding as more industries recognize its potential as a safe and effective pest control solution.
Key Application Types
• Fruit and Vegetables
• Crops
• Forest
• Urban Greening
• Gardening
• Others
Table of Contents
1. Scope of the Report o 1.1Market Introduction ° 1.2Years Considered o 1.3Research Objectives o l.4Market Research Methodology o 1.5Research Process and Data Source o 1.6Economic Indicators o 1.7Currency Considered 2. Executive Summary
■ 2.1.1 Global Bacillus thuringiensis Annual Sales 2017-2028
■ 2.1.2World Current & Future Analysis for Bacillus thuringiensis by Geographic Region, 2017, 2022 & 2030
2.1.3World Current & Future Analysis for Bacillus thuringiensis by Country/Region, 2017, 2022 & 2030
° 2.2Bacillus thuringiensis Segment by Type
■ 2.2.0Bacillus Thuringiensis Kurstaki
■ 2.2.1 Bacillus Thuringiensis Serotype Israelensis
■ 2.2.2Bacillus Thuringiensis Aizawai 2.2.3Others
° 2.3Bacillus thuringiensis Sales by Type
■ 2.3.1Global Bacillus thuringiensis Sales Market Share by Type (2017-2022)
■ 2.3.2Global Bacillus thuringiensis Revenue and Market Share by Type (2017-2022)
2.3.3Global Bacillus thuringiensis Sale Price by Type (2017-2022)
° 2.4Bacillus thuringiensis Segment by Application
■ 2.4.0Fruit and Vegetables
■ 2.4.1Crops
■ 2.4.2Forest
■ 2.4.3Urban Greening
■ 2.4.4Gardening 2.4.5Others
o 2.5Bacillus thuringiensis Sales by Application
■ 2.5.1Global Bacillus thuringiensis Sale Market Share by Application (2017-2022)
■ 2.5.2Global Bacillus thuringiensis Revenue and Market Share by Application (2017-2022)
■ 2.5.3Global Bacillus thuringiensis Sale Price by Application (2017-2022)
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EXPERT ADVICE
Bacillus thuringiensis, commonly known as Bt, is a naturally occurring bacterium that produces proteins toxic to certain pests. It is widely used as a biological pesticide in agriculture, targeting insects such as moths, beetles, and mosquitoes.
The Bacillus thuringiensis market is expected to experience significant growth in the coming years. Increasing demand for organic and environmentally friendly pest control solutions, along with stringent regulations on chemical pesticides, is driving the market. The growing... awareness among farmers about the benefits of Bacillus thuringiensis and its effectiveness in pest management further contributes to the market's expansion.
The Bacillus thuringiensis market is witnessing several notable trends. One such trend is the development of genetically modified crops incorporating Bacillus thuringiensis genes, commonly known as Bt crops. These crops have built-in resistance to certain pests, reducing the. need for external pesticide application. Additionally, there is a rising focus on developing Bacillus thuringiensis strains with enhanced efficacy and broader target insect spectra, expanding its applicability in various crop systems.
Bacillus thuringiensis sales and revenue have been consistently growing due to increasing demand. The market size for Bacillus thuringiensis is projected to expand significantly over the forecast period. As for market value and worth, Bacillus thuringiensis holds a. substantial share in the global agricultural biologicals market due to its effectiveness and eco-friendly nature.
Bacillus thuringiensis is a key player in the agricultural biologicals sector. The company focuses on developing and commercializing innovative biological pest control solutions. With a strong research and development framework, Bacillus thuringiensis continues to enhanc.. its product portfolio and expand its presence in global markets, including North America.
The Bacillus thuringiensis market is competitive, with several players operating globally. The major competitors, offer a range of Bacillus thuringiensis-based products. To gain a competitive edge, these companies focus on product innovation, strategic partnerships, and global. market expansion initiatives.
This global market research report provides a comprehensive analysis of the Bacillus thuringiensis global market, including its overall analysis, global market forecast and future growth prospects, latest global market trends, sales and revenue insights, market size, market. value, and competitive landscape. It serves as a valuable resource for industry stakeholders, investors, and decision-makers seeking to gain insights into the Bacillus thuringiensis market dynamics and capitalize on the opportunities it presents.
Key questions on the Bacillus thuringiensis market:
1. What is the current market size and value of the Bacillus thuringiensis market?
2. What are the key growth drivers and trends shaping the Bacillus thuringiensis market?
3. Who are the major players in the Bacillus thuringiensis industry and what is their market share?
4. How is the demand for Bacillus thuringiensis products expected to evolve in North America?
5. What are the potential challenges and opportunities for the Bacillus thuringiensis market in the coming years?
By addressing these questions, this market research report provides valuable insights to the audience, enabling them to make informed decisions, identify growth opportunities, and understand the competitive landscape of the Bacillus thuringiensis market.
How much was Bacillus thuringiensis market size in 2022?
Bacillus thuringiensis market size was USD 240.90 Million in 2022.
What is the expected growth rate of the Bacillus thuringiensis market?
Who are the major key market players driving growth in Bacillus thuringiensis market? How much Bacillus thuringiensis market will be worth by 2030 ?
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