PUBLISHER: DataM Intelligence | PRODUCT CODE: 1447983
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1447983
Plant Incorporated Protectants Market - 2023-2030
Overview
Global Plant Incorporated Protectants market reached US$ 120.1 million in 2022 and is expected to reach US$ 241.07 million by 2030, growing with a CAGR of 9.1% during the forecast period 2023-2030.
The global plant-incorporated protectants market has witnessed significant growth and transformations over the years, with various factors influencing factors, farmers are highly adopting these plant-incorporated protectants that are designed to provide inherent protection against pests. Also, they can help in increasing healthy crop productivity, hence, such factors can help in driving the global plant-incorporated protectants market.
Furthermore, manufacturers are strategically planning to produce innovative products. For instance, in July 2023, BASF and Vivagro jointly distributed the biological fungicide and insecticide Essen'ciel. it is a natural fungicide, insecticide, and acaricide based on sweet orange essential oil. It is approved for organic uses, including vine grapes, vegetable crops, berries, ornamental crops, industrial crops, and arboriculture. Especially for pip fruits such as apples, pears, and quinces, it represents an alternative biocontrol product in light of the scarcity of insecticide solutions.
The insect-resistant segment accounts for the maximum share in the global plant-incorporated protectants market, similarly Asia-Pacific region dominates worldwide share as there is a presence of vast agricultural land in this region, hence it can help in driving the global plant-incorporated protectants market.
Dynamics
Rising Demand for pest and Diseases Management
The pest and disease-related damages are increasing, for instance, According to FAO Up to 40% of the world's crop production, including insect infestation, is lost each year as a result of pests. Each year, invading insects and plant diseases damage the world economy at least $70 billion and over $220 billion, respectively.
Furthermore, due to such a high damage rate, farmers are adopting these PIPs, as they contribute to enhancing plant resistance against viruses, bacteria, and insects. The cultivation of PIP-producing plants offers growers the potential to reduce the reliance on pesticides in their fields. Hence, such factors can help in increasing the market growth.
Rising Agriculture Productivity
The demand for agriculture productivity is rising, for instance, according to a U.S. Department of Agriculture report of 2023, the total worldwide production of soybeans is 398,882 metric tonnes. And cotton is 112,916 1000 480 lb. Bales. Hence, such high productivity rates can help in increasing the market growth.
Furthermore, the adoption rate for PIP is rising as they are engineered to produce specific pesticidal traits, providing inherent protection against pests. This reduces the need for frequent applications of chemical pesticides, promoting a more sustainable productivity. Hence, such factors can help in boosting the market growth.
Crop Specific Limitations
The crop-specific limitations significantly restrain the growth of the global plant-incorporated protectants market, Some crops are more genetically challenging to modify compared to others. The success of developing PIPs depends on the genetic compatibility between the target crop and the introduced protective traits. Hence, it can limit the market growth.
Segment Analysis
The global plant-incorporated protectants market is segmented based on types, crop type, technology, end-user, and region.
Rising Demand for Effective Crop Insect Resistance Protection
The insect-resistant segment holds the maximum share in the global plant-incorporated protectants market. These PIPs are pesticidal substance, that enhances the resistance of plants against various insects, bacteria, and others, and also, help in improving the growth and development of plants.
Furthermore, as the demand for these products is increasing manufacturers are producing innovative products to attract larger consumer bases. For instance, Kemin Industries, Inc. produces TetraCURB MAX, it is a Botanical Oil-based Biopesticide, that is rich in insecticidal compounds responsible for multiple modes of action,it is an excellent tool for resistance management. This helps in limiting the chance of pest resistance to pesticides. Hence, such products can help in increasing the popularity of PIPs.
Geographical Penetration
Vast Agricultural Lands in Asia-Pacific
The Asia-Pacific region shows dominance in the global plant-incorporated protectants market, farmers in this region are adopting these PIPs as they are part of biopesticides, also enhance the resistance of plants against bacteria, viruses, insects, and others, they can help enhance the crop productivity. Hence, such factors can help in driving the market in this region.
Furthermore, a vast agricultural area is present in this region, for instance, according to the Department of Agriculture, Fisheries, and Forestry report of 2023, around 427 million hectares of agricultural land is present in Australia. Hence, such vast agricultural lands can help in increasing the market growth in this region.
Competitive Landscape
The major global players in the market include Pro Farm Group Inc., Bayer AG, Syngenta, Corteva., Certis USA L.L.C., Valent BioSciences, FMC Corporation, Novozymes, Nufarm US, and American group Gowan LLC.
COVID-19 Impact Analysis
During the pandemic the demand for plant-incorporated protectants had increased, as people started adopting more plant-based foods, which helped in increasing the usage of PIPs biopesticides, but due to government lockdown restrictions the market of plant-incorporated protectants has been slightly affected. Hence, the pandemic has shown both positive and negative impacts on the global plant-incorporated protectants market.
By Type
- Insect Resistant
- Herbicides Tolerant Resistant
- Virus Resistant
- Bacteria Resistant
- Others
By Crop Type
- Corn
- Soybeans
- Cotton
- Potatoes
- Plums
- Others
By Technology
- Genetic engineering
- RNA interference
- Others
By End-user
- Small-scale farms
- Large-scale farms
- Horticulture
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- In April 2021, Corteva Agriscience LLC and Ginkgo Bioworks, Inc. collaborated to design innovative crop protection technologies. This collaboration combines Corteva's deep knowledge of natural product discovery and agricultural expertise with Ginkgo's extensive cell engineering platform and DNA codebase to explore the next generation of naturally-inspired sustainable solutions. and also aims to provide farmers with new solutions to combat invasive pests and evolving resistance challenges.
- In January 2022, Syngenta Crop Protection AG has acquired two next-generation bioinsecticides, NemaTrident and UniSpore, from leading biocontrol technology developer, Bionema Limited. These combat increasing resistance and a wide range of insects and pests across horticulture and ornamentals, turf amenity, and forestry, giving customers even greater choice.
- In May 2024, Biobest acquired Bio Works, Inc. This acquisition accelerates Biobest Group's expansion into biopesticides.
Why Purchase the Report?
- To visualize the global plant incorporated protectants market segmentation based on types, crop type, technology, end-user, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of plant incorporated protectants market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global plant incorporated protectants market report would provide approximately 70 tables, 69 figures, and 210 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
Table of Contents
Table of Contents
1.Methodology and Scope
- 1.1.Research Methodology
- 1.2.Research Objective and Scope of the Report
2.Definition and Overview
3.Executive Summary
- 3.1.Snippet by Type
- 3.2.Snippet by Crop type
- 3.3.Snippet by Technology
- 3.4.Snippet by End-User
- 3.5.Snippet by Region
4.Dynamics
- 4.1.Impacting Factors
- 4.1.1.Drivers
- 4.1.1.1.Rising Demand for pest and Diseases Management
- 4.1.1.2.Rising Agriculture Productivity
- 4.1.2.Restraints
- 4.1.2.1.Crop Specific Limitations
- 4.1.3.Opportunity
- 4.1.4.Impact Analysis
- 4.1.1.Drivers
5.Industry Analysis
- 5.1.Porter's Five Force Analysis
- 5.2.Supply Chain Analysis
- 5.3.Pricing Analysis
- 5.4.Regulatory Analysis
- 5.5.DMI Opinion
6.COVID-19 Analysis
- 6.1.Analysis of COVID-19
- 6.1.1.Scenario Before COVID
- 6.1.2.Scenario During COVID
- 6.1.3.Scenario Post COVID
- 6.2.Pricing Dynamics Amid COVID-19
- 6.3.Demand-Supply Spectrum
- 6.4.Government Initiatives Related to the Market During Pandemic
- 6.5.Manufacturers Strategic Initiatives
- 6.6.Conclusion
7.By Type
- 7.1.Introduction
- 7.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2.Market Attractiveness Index, By Type
- 7.2.Insect Resistant*
- 7.2.1.Introduction
- 7.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3.Herbicides Tolerant Resistant
- 7.4.Virus Resistant
- 7.5.Bacteria Resistant
- 7.6.Others
8.By Crop Type
- 8.1.Introduction
- 8.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 8.1.2.Market Attractiveness Index, By Crop Type
- 8.2.Corn*
- 8.2.1.Introduction
- 8.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3.Soybeans
- 8.4.Cotton
- 8.5.Potatoes
- 8.6.Plums
- 8.7.Others
9.By Technology
- 9.1.Introduction
- 9.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 9.1.2.Market Attractiveness Index, By Technology
- 9.2.Genetic engineering*
- 9.2.1.Introduction
- 9.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3.RNA interference
- 9.4.Others
10.By End-user
- 10.1.Introduction
- 10.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-user
- 10.1.2.Market Attractiveness Index, By End-user
- 10.2.Small-scale farms*
- 10.2.1.Introduction
- 10.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3.Large-scale farms
- 10.4.Horticulture
- 10.5.Others
11.By Region
- 11.1.Introduction
- 11.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2.Market Attractiveness Index, By Region
- 11.2.North America
- 11.2.1.Introduction
- 11.2.2.Key Region-Specific Dynamics
- 11.2.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 11.2.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.2.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-user
- 11.2.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1.U.S.
- 11.2.7.2.Canada
- 11.2.7.3.Mexico
- 11.3.Europe
- 11.3.1.Introduction
- 11.3.2.Key Region-Specific Dynamics
- 11.3.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 11.3.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.3.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-user
- 11.3.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1.Germany
- 11.3.7.2.UK
- 11.3.7.3.France
- 11.3.7.4.Italy
- 11.3.7.5.Russia
- 11.3.7.6.Rest of Europe
- 11.4.South America
- 11.4.1.Introduction
- 11.4.2.Key Region-Specific Dynamics
- 11.4.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 11.4.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.4.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-user
- 11.4.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1.Brazil
- 11.4.7.2.Argentina
- 11.4.7.3.Rest of South America
- 11.5.Asia-Pacific
- 11.5.1.Introduction
- 11.5.2.Key Region-Specific Dynamics
- 11.5.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 11.5.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.5.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-user
- 11.5.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1.China
- 11.5.7.2.India
- 11.5.7.3.Japan
- 11.5.7.4.Australia
- 11.5.7.5.Rest of Asia-Pacific
- 11.6.Middle East and Africa
- 11.6.1.Introduction
- 11.6.2.Key Region-Specific Dynamics
- 11.6.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 11.6.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.6.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-user
12.Competitive Landscape
- 12.1.Competitive Scenario
- 12.2.Market Positioning/Share Analysis
- 12.3.Mergers and Acquisitions Analysis
13.Company Profiles
- 13.1.Pro Farm Group Inc.*
- 13.1.1.Company Overview
- 13.1.2.Product Portfolio and Description
- 13.1.3.Financial Overview
- 13.1.4.Key Developments
- 13.2.Bayer AG
- 13.3.Syngenta
- 13.4.Corteva.
- 13.5.Certis USA L.L.C.
- 13.6.Valent BioSciences
- 13.7.FMC Corporation
- 13.8.Novozymes
- 13.9.Nufarm US
- 13.10.American group Gowan LLC
LIST NOT EXHAUSTIVE
14.Appendix
- 14.1.About Us and Services
- 14.2.Contact Us
