The Global Beauveria Bassiana Market size is expected to reach $152.7 million by 2031, rising at a market growth of 8.1% CAGR during the forecast period.
The Asia Pacific region has a significant agricultural sector, with extensive cultivation of various crops. As agriculture continues to expand, the need for effective pest management solutions, like this fungus, increases to protect crops and ensure high yields. The region faces numerous pest challenges, including both native and invasive species. Consequently, the Asia Pacific region would acquire nearly 28% of the total market share by 2031.
Beauveria bassiana is a natural fungal pathogen that is a biological control agent, making it compatible with organic farming practices. In addition, consumers are increasingly conscious of their food choices' environmental and health impacts. Thus, increasing demand for organic and sustainable agricultural products drives the market's growth.
Additionally, Regulatory agencies play a crucial role in approving and registering biopesticides like this fungus. Some governments provide incentives, subsidies, or financial support for the development and use of biopesticides. Thus, regulatory support for biopesticides is driving the growth of the market.
However, Cultivating and processing this fungus can involve complex and costly procedures, including the need for specialized equipment and controlled environments. Furthermore, many producers of this fungus are smaller companies or niche players. This limits their ability to achieve economies of scale, which can result in higher per-unit production costs compared to larger manufacturers of chemical pesticides. In conclusion, high production costs and price competitiveness are hindering the growth of the market.
Distribution Channel Outlook
By distribution channel, the market is divided into indirect sales and direct sales. The direct sales segment procured 37% revenue share in the market in 2023. Direct sales allow manufacturers to establish and maintain closer relationships with their customers. This direct interaction facilitates a better understanding of customer needs, preferences, and feedback, improving product offerings and customer satisfaction.
Application Outlook
On the basis of application, the market is segmented into agriculture, forestry, and others. In 2023, the forestry segment attained 25% revenue share in the market. There is a growing emphasis on sustainable and environmentally friendly forestry practices. As a biopesticide, this fungus supports these practices by offering a natural alternative to chemical pesticides, thereby reducing environmental impact.
Type Outlook
Based on type, the market is divided into liquid, powder, and others. The powder segment attained a 29% revenue share in the market in 2023. Powder formulations of this fungus often have a longer shelf life than liquid products. They are less prone to degradation over time, making them a more durable option for storage and use.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 37% revenue share in the market in 2023. North America, especially the United States and Canada, has highly developed and advanced agricultural practices. Farmers in this region are early adopters of innovative pest management solutions like this fungus to maintain high crop yields and quality.
List of Key Companies Profiled
- Filnova S.r.l.
- Tari- Biotech
- ARBICO Organics
- BASF SE
- Agrigem Ltd.
- Novozymes A/S (Novo Holdings A/S)
- Certis USA LLC (Mitsui & Co., Ltd.)
- Andermatt Group AG
- Fargro Limited
- T.Stanes and Company Limited
Global Beauveria Bassiana Market Report Segmentation
By Distribution Channel
- Indirect Sales
- Direct Sales
By Application
- Agriculture
- Forestry
- Others
By Type
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Beauveria Bassiana Market, by Distribution Channel
- 1.4.2 Global Beauveria Bassiana Market, by Application
- 1.4.3 Global Beauveria Bassiana Market, by Type
- 1.4.4 Global Beauveria Bassiana Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. Global Beauveria Bassiana Market by Distribution Channel
- 4.1 Global Indirect Sales Market by Region
- 4.2 Global Direct Sales Market by Region
Chapter 5. Global Beauveria Bassiana Market by Application
- 5.1 Global Agriculture Market by Region
- 5.2 Global Forestry Market by Region
- 5.3 Global Others Market by Region
Chapter 6. Global Beauveria Bassiana Market by Type
- 6.1 Global Liquid Market by Region
- 6.2 Global Powder Market by Region
- 6.3 Global Others Market by Region
Chapter 7. Global Beauveria Bassiana Market by Region
- 7.1 North America Beauveria Bassiana Market
- 7.1.1 North America Beauveria Bassiana Market by Distribution Channel
- 7.1.1.1 North America Indirect Sales Market by Country
- 7.1.1.2 North America Direct Sales Market by Country
- 7.1.2 North America Beauveria Bassiana Market by Application
- 7.1.2.1 North America Agriculture Market by Country
- 7.1.2.2 North America Forestry Market by Country
- 7.1.2.3 North America Others Market by Country
- 7.1.3 North America Beauveria Bassiana Market by Type
- 7.1.3.1 North America Liquid Market by Country
- 7.1.3.2 North America Powder Market by Country
- 7.1.3.3 North America Others Market by Country
- 7.1.4 North America Beauveria Bassiana Market by Country
- 7.1.4.1 US Beauveria Bassiana Market
- 7.1.4.1.1 US Beauveria Bassiana Market by Distribution Channel
- 7.1.4.1.2 US Beauveria Bassiana Market by Application
- 7.1.4.1.3 US Beauveria Bassiana Market by Type
- 7.1.4.2 Canada Beauveria Bassiana Market
- 7.1.4.2.1 Canada Beauveria Bassiana Market by Distribution Channel
- 7.1.4.2.2 Canada Beauveria Bassiana Market by Application
- 7.1.4.2.3 Canada Beauveria Bassiana Market by Type
- 7.1.4.3 Mexico Beauveria Bassiana Market
- 7.1.4.3.1 Mexico Beauveria Bassiana Market by Distribution Channel
- 7.1.4.3.2 Mexico Beauveria Bassiana Market by Application
- 7.1.4.3.3 Mexico Beauveria Bassiana Market by Type
- 7.1.4.4 Rest of North America Beauveria Bassiana Market
- 7.1.4.4.1 Rest of North America Beauveria Bassiana Market by Distribution Channel
- 7.1.4.4.2 Rest of North America Beauveria Bassiana Market by Application
- 7.1.4.4.3 Rest of North America Beauveria Bassiana Market by Type
- 7.2 Europe Beauveria Bassiana Market
- 7.2.1 Europe Beauveria Bassiana Market by Distribution Channel
- 7.2.1.1 Europe Indirect Sales Market by Country
- 7.2.1.2 Europe Direct Sales Market by Country
- 7.2.2 Europe Beauveria Bassiana Market by Application
- 7.2.2.1 Europe Agriculture Market by Country
- 7.2.2.2 Europe Forestry Market by Country
- 7.2.2.3 Europe Others Market by Country
- 7.2.3 Europe Beauveria Bassiana Market by Type
- 7.2.3.1 Europe Liquid Market by Country
- 7.2.3.2 Europe Powder Market by Country
- 7.2.3.3 Europe Others Market by Country
- 7.2.4 Europe Beauveria Bassiana Market by Country
- 7.2.4.1 Germany Beauveria Bassiana Market
- 7.2.4.1.1 Germany Beauveria Bassiana Market by Distribution Channel
- 7.2.4.1.2 Germany Beauveria Bassiana Market by Application
- 7.2.4.1.3 Germany Beauveria Bassiana Market by Type
- 7.2.4.2 UK Beauveria Bassiana Market
- 7.2.4.2.1 UK Beauveria Bassiana Market by Distribution Channel
- 7.2.4.2.2 UK Beauveria Bassiana Market by Application
- 7.2.4.2.3 UK Beauveria Bassiana Market by Type
- 7.2.4.3 France Beauveria Bassiana Market
- 7.2.4.3.1 France Beauveria Bassiana Market by Distribution Channel
- 7.2.4.3.2 France Beauveria Bassiana Market by Application
- 7.2.4.3.3 France Beauveria Bassiana Market by Type
- 7.2.4.4 Russia Beauveria Bassiana Market
- 7.2.4.4.1 Russia Beauveria Bassiana Market by Distribution Channel
- 7.2.4.4.2 Russia Beauveria Bassiana Market by Application
- 7.2.4.4.3 Russia Beauveria Bassiana Market by Type
- 7.2.4.5 Spain Beauveria Bassiana Market
- 7.2.4.5.1 Spain Beauveria Bassiana Market by Distribution Channel
- 7.2.4.5.2 Spain Beauveria Bassiana Market by Application
- 7.2.4.5.3 Spain Beauveria Bassiana Market by Type
- 7.2.4.6 Italy Beauveria Bassiana Market
- 7.2.4.6.1 Italy Beauveria Bassiana Market by Distribution Channel
- 7.2.4.6.2 Italy Beauveria Bassiana Market by Application
- 7.2.4.6.3 Italy Beauveria Bassiana Market by Type
- 7.2.4.7 Rest of Europe Beauveria Bassiana Market
- 7.2.4.7.1 Rest of Europe Beauveria Bassiana Market by Distribution Channel
- 7.2.4.7.2 Rest of Europe Beauveria Bassiana Market by Application
- 7.2.4.7.3 Rest of Europe Beauveria Bassiana Market by Type
- 7.3 Asia Pacific Beauveria Bassiana Market
- 7.3.1 Asia Pacific Beauveria Bassiana Market by Distribution Channel
- 7.3.1.1 Asia Pacific Indirect Sales Market by Country
- 7.3.1.2 Asia Pacific Direct Sales Market by Country
- 7.3.2 Asia Pacific Beauveria Bassiana Market by Application
- 7.3.2.1 Asia Pacific Agriculture Market by Country
- 7.3.2.2 Asia Pacific Forestry Market by Country
- 7.3.2.3 Asia Pacific Others Market by Country
- 7.3.3 Asia Pacific Beauveria Bassiana Market by Type
- 7.3.3.1 Asia Pacific Liquid Market by Country
- 7.3.3.2 Asia Pacific Powder Market by Country
- 7.3.3.3 Asia Pacific Others Market by Country
- 7.3.4 Asia Pacific Beauveria Bassiana Market by Country
- 7.3.4.1 China Beauveria Bassiana Market
- 7.3.4.1.1 China Beauveria Bassiana Market by Distribution Channel
- 7.3.4.1.2 China Beauveria Bassiana Market by Application
- 7.3.4.1.3 China Beauveria Bassiana Market by Type
- 7.3.4.2 Japan Beauveria Bassiana Market
- 7.3.4.2.1 Japan Beauveria Bassiana Market by Distribution Channel
- 7.3.4.2.2 Japan Beauveria Bassiana Market by Application
- 7.3.4.2.3 Japan Beauveria Bassiana Market by Type
- 7.3.4.3 India Beauveria Bassiana Market
- 7.3.4.3.1 India Beauveria Bassiana Market by Distribution Channel
- 7.3.4.3.2 India Beauveria Bassiana Market by Application
- 7.3.4.3.3 India Beauveria Bassiana Market by Type
- 7.3.4.4 South Korea Beauveria Bassiana Market
- 7.3.4.4.1 South Korea Beauveria Bassiana Market by Distribution Channel
- 7.3.4.4.2 South Korea Beauveria Bassiana Market by Application
- 7.3.4.4.3 South Korea Beauveria Bassiana Market by Type
- 7.3.4.5 Australia Beauveria Bassiana Market
- 7.3.4.5.1 Australia Beauveria Bassiana Market by Distribution Channel
- 7.3.4.5.2 Australia Beauveria Bassiana Market by Application
- 7.3.4.5.3 Australia Beauveria Bassiana Market by Type
- 7.3.4.6 Malaysia Beauveria Bassiana Market
- 7.3.4.6.1 Malaysia Beauveria Bassiana Market by Distribution Channel
- 7.3.4.6.2 Malaysia Beauveria Bassiana Market by Application
- 7.3.4.6.3 Malaysia Beauveria Bassiana Market by Type
- 7.3.4.7 Rest of Asia Pacific Beauveria Bassiana Market
- 7.3.4.7.1 Rest of Asia Pacific Beauveria Bassiana Market by Distribution Channel
- 7.3.4.7.2 Rest of Asia Pacific Beauveria Bassiana Market by Application
- 7.3.4.7.3 Rest of Asia Pacific Beauveria Bassiana Market by Type
- 7.4 LAMEA Beauveria Bassiana Market
- 7.4.1 LAMEA Beauveria Bassiana Market by Distribution Channel
- 7.4.1.1 LAMEA Indirect Sales Market by Country
- 7.4.1.2 LAMEA Direct Sales Market by Country
- 7.4.2 LAMEA Beauveria Bassiana Market by Application
- 7.4.2.1 LAMEA Agriculture Market by Country
- 7.4.2.2 LAMEA Forestry Market by Country
- 7.4.2.3 LAMEA Others Market by Country
- 7.4.3 LAMEA Beauveria Bassiana Market by Type
- 7.4.3.1 LAMEA Liquid Market by Country
- 7.4.3.2 LAMEA Powder Market by Country
- 7.4.3.3 LAMEA Others Market by Country
- 7.4.4 LAMEA Beauveria Bassiana Market by Country
- 7.4.4.1 Brazil Beauveria Bassiana Market
- 7.4.4.1.1 Brazil Beauveria Bassiana Market by Distribution Channel
- 7.4.4.1.2 Brazil Beauveria Bassiana Market by Application
- 7.4.4.1.3 Brazil Beauveria Bassiana Market by Type
- 7.4.4.2 Argentina Beauveria Bassiana Market
- 7.4.4.2.1 Argentina Beauveria Bassiana Market by Distribution Channel
- 7.4.4.2.2 Argentina Beauveria Bassiana Market by Application
- 7.4.4.2.3 Argentina Beauveria Bassiana Market by Type
- 7.4.4.3 UAE Beauveria Bassiana Market
- 7.4.4.3.1 UAE Beauveria Bassiana Market by Distribution Channel
- 7.4.4.3.2 UAE Beauveria Bassiana Market by Application
- 7.4.4.3.3 UAE Beauveria Bassiana Market by Type
- 7.4.4.4 Saudi Arabia Beauveria Bassiana Market
- 7.4.4.4.1 Saudi Arabia Beauveria Bassiana Market by Distribution Channel
- 7.4.4.4.2 Saudi Arabia Beauveria Bassiana Market by Application
- 7.4.4.4.3 Saudi Arabia Beauveria Bassiana Market by Type
- 7.4.4.5 South Africa Beauveria Bassiana Market
- 7.4.4.5.1 South Africa Beauveria Bassiana Market by Distribution Channel
- 7.4.4.5.2 South Africa Beauveria Bassiana Market by Application
- 7.4.4.5.3 South Africa Beauveria Bassiana Market by Type
- 7.4.4.6 Nigeria Beauveria Bassiana Market
- 7.4.4.6.1 Nigeria Beauveria Bassiana Market by Distribution Channel
- 7.4.4.6.2 Nigeria Beauveria Bassiana Market by Application
- 7.4.4.6.3 Nigeria Beauveria Bassiana Market by Type
- 7.4.4.7 Rest of LAMEA Beauveria Bassiana Market
- 7.4.4.7.1 Rest of LAMEA Beauveria Bassiana Market by Distribution Channel
- 7.4.4.7.2 Rest of LAMEA Beauveria Bassiana Market by Application
- 7.4.4.7.3 Rest of LAMEA Beauveria Bassiana Market by Type
Chapter 8. Company Profiles
- 8.1 Filnova S.r.l.
- 8.1.1 Company Overview
- 8.1.2 SWOT Analysis
- 8.2 Tari- Biotech
- 8.2.1 Company Overview
- 8.2.2 SWOT Analysis
- 8.3 ARBICO Organics
- 8.3.1 Company Overview
- 8.3.2 SWOT Analysis
- 8.4 BASF SE
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 SWOT Analysis
- 8.5 Agrigem Ltd.
- 8.5.1 Company Overview
- 8.5.2 SWOT Analysis
- 8.6 Novozymes A/S (Novo Holdings A/S)
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 SWOT Analysis
- 8.7 Certis USA LLC (Mitsui & Co., Ltd.)
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 SWOT Analysis
- 8.8 Andermatt Group AG
- 8.8.1 Company Overview
- 8.8.2 SWOT Analysis
- 8.9 Fargro Limited
- 8.9.1 Company Overview
- 8.9.2 SWOT Analysis
- 8.10. T.Stanes and Company Limited
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Regional Analysis
- 8.10.4 SWOT Analysis
Chapter 9. Winning Imperatives for Beauveria Bassiana Market