According to a new report, published by KBV research, 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.
Beauveria bassiana is an entomopathogenic fungus widely recognized for its role in biological pest control. It offers a range of unique applications across different sectors due to its effectiveness in pest management and alignment with sustainable practices. Beauveria bassiana is used effectively in specialty crops like mushrooms, orchids, and medicinal plants.
The Indirect Sales segment is registering a CAGR of 7.7 % during the forecast period. Indirect sales channels, such as distributors, wholesalers, and retailers, have established networks and infrastructure that reach a wider customer base. This broad reach allows Beauveria bassiana to be available to a larger audience, including smaller agricultural and forestry operations that may not engage directly with manufacturers.
The Agriculture segment led the Global Beauveria Bassiana Market by Application in 2023; thereby, achieving a market value of $91 Million by 2031. Beauveria bassiana is highly effective against various agricultural pests, including insects that cause significant crop damage. This efficacy makes it a valuable tool for farmers needing reliable pest control solutions.
The Liquid segment is growing at a CAGR of 7.7 % during the forecast period. Liquid formulations of Beauveria bassiana are often easier to apply, especially using standard spraying equipment. This convenience makes them popular among farmers who need efficient and effective pest control methods.
Full Report: https://www.kbvresearch.com/beauveria-bassiana-market/
The North America region dominated the Global Beauveria Bassiana Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $56 Million by 2031. The Europe region is anticipated to grow at a CAGR of 7.7% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 8.6% during (2024 - 2031).
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