The key players identified in the beneficial insects (macrobials) market include Applied Bio-nomics Ltd. (Canada), Beneficial Insectary, Inc. (U.S.), Biobest NV (Belgium), Bioline AgroSciences Ltd. (U.K.), and Koppert B.V. (Netherlands). Along with these companies, the other players that have a strong presence in the agricultural macrobials market include Andermatt Biocontrol AG (Switzerland), ARBICO Organics (U.S.), BioBee Biological Systems Ltd. (Israel), Biological Services (Australia), Fargro Ltd (U.K.), IPM Laboratories, Inc. (U.S.), and TipTopBio-Control (U.S.).
The key market players have adopted strategies such as agreements, expansions & investments, acquisitions, and new product launches to increase their market presence and revenue generation of the companies. Leading players focus on strengthening their R&D proficiencies by capitalizing in advanced technologies and entering into R&D agreements with other companies to develop diversified product portfolio of beneficial insects (macrobials) products.
The core strengths of the key players in this market are new product launches and expansions to gain maximum market shares. The global players have established large distribution networks across the world and are following extensive cross-selling marketing strategies.
Market leaders such as Koppert B.V. (Netherlands), Biobest NV (Belgium), and Beneficial Insectary, Inc. (U.S.) have successfully tapped the potential markets through the development of innovative products, partnership agreements, and expansions. These key companies focus on introducing and offering a wide range of agricultural macrobial products on a regional as well as a global level to strengthen and expand their position in the beneficial insects (macrobials) market.
In 2014, Biobest acquired The Bug Factory, Biobestís exclusive distributor in Western Canada since 2003. The commercial teams of both companies in North-America were integrated with immediate effect, with a view to consolidate and strengthen Biobestís commercial presence in Western U.S. and Canada. The products produced at The Bug Factory would remain part of the Biobest portfolio. The company would integrate the production capabilities in Biobestís global production structure.
In 2016, Bioline AgroSciences signed a deal to acquire the Certirol product, IP, and manufacturing from Certis Europe (Netherlands). The acquisition of the Certirol business was a clear representation of InVivo Corporationís (U.S.) (Biolineís parent company) strategic commitment to significantly building capacity and strengthening its position in bio solutions.
Beneficial Insects (Macrobials) Market by Type (Predators, Parasitoids, Pathogens, and Pollinators), Application (Crop Protection and Crop Production), and Region - Global Forecast to 2022
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