The Microbial Pesticides Market size is estimated at USD 1.29 billion in 2023, and is expected to reach USD 1.76 billion by 2028, growing at a CAGR of 6.42% during the forecast period (2023-2028).
The market for microbial pesticides is extremely fragmented, with a large number of firms controlling the majority of the market share, along with several small companies and private labels. Bayer CropScience AG, FMC Corporation, Koppert Biological Systems, Valent Biosciences Corporation, and Certis USA LLC are some of the prominent companies in the market studied. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the market in the country. Along with innovations and expansions, investments in R&D and developing novel product portfolios will likely be crucial strategies in the coming years. The major acquisitions between companies to develop microbial pesticides indicate that the focus on bio-based products is increasing rapidly. The players in the market are investing heavily in this market to diversify their biological research divisions in the expanding marketplace.
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