HOME Research Insight The Key Players Having a Strong Presence in the Bioinsecticides Market

The Key Players Having a Strong Presence in the Bioinsecticides Market

The key players having a strong presence in the bioinsecticides market include Valent BioSciences Corporation (U.S.), Syngenta AG (Switzerland), Bayer CropScience AG (Germany), Novozymes A/S (Denmark), and Koppert B.V. (The Netherlands).

These key market players have adopted various growth strategies such as acquisitions, new product developments, and expansion of business operations to meet the changing pesticide demands. The leading players are focusing on expanding their operations in emerging markets and strengthening their R&D capabilities by investing in advanced technology so as to offer a diversified product portfolio for different applications, particularly in fruits & vegetables and cereals & grains. The key driving factors of the bioinsecticides market include increasing demand of biologically based pest control methods in developing countries such as India, South Africa, Nigeria, Vietnam, South Korea, and others, and increased demand for high-value and pesticide residue-free fruits & vegetables.

The core strengths of the key players in this market are their aggressive acquisitions, new product developments and launches, and strategic expansions, to diversify the business geographically, and strategically locate large distribution networks. Market leaders such as Valent BioSciences Corporation (U.S.), Syngenta AG (Switzerland), Bayer CropScience AG (Germany), Novozymes A/S (Denmark), and Koppert B.V. (The Netherlands) have successfully tapped the potential markets through acquisitions and expansions. The key companies focus on introducing and offering a wide range of bioinsecticides from bacteria, fungi, virus, and protozoa types to maintain their position in the market.

Valent BioSciences Corporation (VBC) signed a long-term cooperation agreement with Rizobacter Argentina S.A (Argentina) for R&D collaboration in the BioRational Rhizosphere space—initially for the NAFTA region. The alliance will further accelerate VBC’s development and commercialization of new microbial products for the root zone as part of its expanding seed and soil strategy. This promising pipeline is the result of continuous investments in research and development.

The BioAg Alliance, a Novozymes A/S (Denmark) and Monsanto Company (U.S.) collaboration to improve crop harvests through naturally occurring microbes announced a new corn inoculant product which has resulted in increasing crop yields in U.S. field tests. The product is based on a fungus found in soil and has been coated with microbes on corn seeds without harming the microbes’ performance or longevity. This BioAg Alliance is an important and unique growth strategy, bringing together Novozymes’ BioAg operations and capabilities within microbial discovery, development and production with Monsanto’s microbial discovery, advanced biology, field testing, and commercial capabilities.

Related Reports:

Bioinsecticides Market by Type (Bacteria Thuringiensis, Beauveria Bassiana, Verticillium Lecanii & Others), Mode of Action (Predators, Parasites & Pathogens, Bio-Rationals), Mode of Application, Formulation, Crop Type, & by Region - Global Trends & Forecast to 2021

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