Bacillus Thuringiensis Market to Rear Excessive Growth During 2024
Bacillus
Thuringiensis (BT) belongs to the category of bacteria which can be
used in numerous chemicals compounds, commonly as pesticides. In
microbiological terms, BT is an anaerobic bacterium which inhabits
water plants or soil surfaces. It is frequently employed as a
suppressor of insects which contribute to the degradation of the
quality as well as quantity of plant production. Several other
bacteria such as B. spharicus and B. poppilae can be used as well,
but their insecticidal activity is comparatively low. BT chiefly
controls moths, mosquito larvae, and butterflies and has been
accepted by farmers worldwide due to its ecofriendly nature and
ability to obstruct the presence of a wide variety of pests.
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Report Overview @
It
is extensively used in bio-pesticides across the globe and these
products represent 1% of the global market for agrochemicals
including herbicides, fungicides, and insecticides. BT products are
available in powder form which contains a mixture of toxin crystals
and dried spores. They aid crop growth by reducing harmful toxins and
providing stability to the soil by fighting the root diseases. BT
contains nine different types of toxins, among which delta endotoxin
is majorly studied for bio-pesticide applications. These are either
applied on the plant leaves or mixed with the soil to inhibit the
growth of pests. Based on crop, the market has been segregated into
cereals, fruits, vegetables, oils, and other types. In terms of the
target pests covered, the market is divided into the following
categories: arthropods and microorganisms.
BT
holds a significant share in the global bio-pesticide market and is
anticipated to expand at a promising pace owing to the increasing
need to consume contamination-free food. Pests do not only hamper the
production quantity but also degrade the quality of crops. To counter
these adverse effects, farmers use chemical-based agents to suppress
their presence. However, the usage and subsequent consumption of
toxic chemicals impacts human health and worsens the quality of soil.
Due to this, the market is shifting toward eco-friendly and non-toxic
bio-pesticides, in turn driving the market for BT-based products. The
arthropods segment constitutes a substantial share in the market on
account of the effectiveness of BT products against arthropods in
comparison to microorganisms. Other factors propelling this market
over the forecast period include the easy availability of BT products
and their environment-friendliness. Moreover, BT is required in small
quantities to suppress pests, leading to limited exposure.
Additionally, it decomposes faster which leaves negligible amounts of
residue. All these factors boost the usage of BT products, propelling
this market over the next few years.
Geographically,
North America accounted for a promising share in the market in 2015
which is anticipated to rise over the forecast period owing to the
wide acceptance of these products among farmers in this region and
efforts taken by government to promote their usage. The market in
Europe ranks second in terms of dominance, due to the presence of
prominent manufacturers in the region. France, Italy, and Spain have
emerged as key countries where BT is widely accepted whereas Germany
is an important testing market for new products. The market in Asia
Pacific is anticipated to witness significant growth as a result of
the escalating population coupled with increasing health
consciousness among consumers here.
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Key
players operating in the BT market include Molecraft., Zhejiang
Rayfull Chemicals Co. Ltd., STAR BIO SCIENCE, Varsha Bioscience, and
Technology India Pvt Ltd.
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