Global Bacillus Thuringiensis Pesticide Market Size By Type (Bt aizawai, Bt kurstaki), By Application (Food Crops, Cash Crops), By Region, And Segment Forecasts, 2023 to 2032

Report Id: 36139 | Published Date: Jun 2023 | No. of Pages: | Base Year for Estimate: Jun 2023 | Format:


The Global Bacillus Thuringiensis (Bt) Pesticide Market is witnessing significant growth due to the rising demand for eco-friendly and sustainable pest control solutions in agriculture. With increased awareness of environmental concerns and stringent regulations on chemical pesticides, Bt pesticides have emerged as a preferred alternative. Valued at USD 4.1 billion in 2023, the market is expected to reach USD 7.6 billion by 2031, registering a CAGR of 8.1% over the forecast period. Bt pesticides play a crucial role in integrated pest management (IPM) systems, widely used in the cultivation of cereals, vegetables, and fruits, and are celebrated for their targeted pest control without affecting non-target species.

Drivers

Shift to Sustainable Agriculture: The rising need for sustainable farming practices is a key driver for the Bt pesticide market. Farmers are increasingly adopting biological pesticides to meet global agricultural sustainability goals.

Growing Demand for Organic Foods: Consumer preference for organic produce has boosted the adoption of biopesticides like Bt, known for their non-toxic residue and efficacy in controlling harmful pests in organic farms.

Governmental Support and Subsidies: Subsidies and incentives from governments worldwide for environmentally friendly agricultural inputs are spurring market growth.

Restraints

High Cost Compared to Synthetic Pesticides: The production costs of Bt pesticides are higher than conventional chemical pesticides, which may limit adoption among cost-sensitive farmers.

Limited Shelf Life: Bt pesticides generally have a shorter shelf life, impacting storage and long-term usability.

Opportunity

Expansion in Emerging Economies: Developing markets, particularly in Asia-Pacific and Latin America, present ample growth opportunities for Bt pesticides due to growing awareness about the adverse effects of chemical pesticides on soil health and ecosystems. Additionally, advancements in biotechnology and microencapsulation techniques are enhancing the effectiveness and longevity of Bt formulations.

Market by System Type Insights

Based on system type, the Dry Powder Segment dominated the market in 2023, attributed to its ease of handling, longer shelf life, and cost-effectiveness. However, the Liquid Concentrate Segment is expected to register the highest growth rate during the forecast period, driven by increasing demand for customized and targeted pest control applications in organic farming.

Market by End-use Insights

In terms of end-use, the Fruits and Vegetables Segment emerged as the largest contributor, holding over 40% of the market share in 2023. This segment is expected to continue its dominance due to the widespread application of Bt pesticides in horticulture for effective pest management, especially in high-value crop production.

Market by Regional Insights

Regionally, North America held the largest market share in 2023, driven by high adoption rates of biopesticides in the United States and Canada, where regulatory policies strongly favor sustainable pest management. However, Asia-Pacific is expected to exhibit the fastest growth during the forecast period, supported by increasing government initiatives promoting organic farming and sustainable agriculture practices in countries like India, China, and Japan.

Competitive Scenario

Prominent players in the Global Bt Pesticide Market include Bayer CropScience, Valent BioSciences, Syngenta AG, Certis USA, and Andermatt Biocontrol. These companies are focusing on R&D, strategic partnerships, and expansion into emerging markets to strengthen their market positions. Recent developments include:

Bayer CropScience introduced an advanced Bt pesticide formulation in 2023 targeting key pests in corn and soybean crops.

Syngenta AG formed a collaboration in 2024 with a biotechnology firm to enhance the efficacy of Bt-based pest control solutions, targeting resistant pest species.

Scope of Work – Global Bacillus Thuringiensis Pesticide Market

Report Metric

Details

Market Size (2023)

USD 4.1 billion

Projected Market Size (2031)

USD 7.6 billion

CAGR (2023-2031)

8.1%

Key Segments Covered

System Type, End-use, Region

Leading Segment by System Type

Dry Powder

Leading Segment by End-use

Fruits and Vegetables

Leading Region

North America

Key Companies

Bayer CropScience, Valent BioSciences, Syngenta AG, Certis USA, Andermatt Biocontrol

Market Drivers

Shift to Sustainable Agriculture, Growing Demand for Organic Foods, Governmental Support

Market Restraints

High Costs, Limited Shelf Life

Market Opportunities

Emerging Economies, Advanced Formulations

 

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