Bioinsecticides Market to Grow with a CAGR of 10.10% through 2028
Increasing utilization in the pest control for the cereals
& grains and oilseed & pulses crops are factors driving the Global Bioinsecticides
Market in the forecast period
2024-2028.
According to TechSci Research report, “Bioinsecticides
Market – Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Bioinsecticides Market stood at USD 1337.81
million in 2022 and is anticipated to grow with a CAGR of 10.10% in the
forecast period, 2024-2028. Organic agriculture places a premium on sustainable
practices and the avoidance of synthetic inputs. Bioinsecticides have emerged
as invaluable tools within the organic farming toolkit. In a system where
chemical pesticides are off-limits, bioinsecticides offer a safe and effective
way to manage pests without compromising organic certification. Their
compatibility with organic principles, coupled with their environmental
benefits, positions them as a cornerstone of organic farming's success. As the global
population swells, the demand for food continues to escalate. Bioinsecticides
present a promising solution to the food security challenge. Traditional
chemical pesticides, while effective, raise concerns about chemical residues in
food. Bioinsecticides provide a safe and viable alternative, ensuring that
crops are protected without compromising human health. In a world striving for
resilient and secure food systems, the demand for bioinsecticides is gaining
momentum.
Moreover, the versatility of
bioinsecticides is showcased in their application across a wide range of crops.
From staple grains like rice and wheat to high-value vegetables and fruits, bioinsecticides
offer a tailor-made solution for diverse agricultural contexts. As the demand
for sustainably grown and safe produce increases, bioinsecticides emerge as a
cornerstone of modern pest management, irrespective of the crop type.
Therefore, the upward trajectory of the bioinsecticides market inherently
contributes to the advancement of the bioinsecticides market.
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Furthermore, in regions where agriculture forms the
backbone of economies, the adoption of bioinsecticides carries significant
promise. Developing nations often grapple with striking a balance between
agricultural productivity and environmental health. Bioinsecticides provide an
ecologically responsible solution that empowers farmers to protect their crops
without compromising the long-term viability of their land. This transition to
sustainable pest management practices contributes to economic resilience and
environmental stewardship.
The increasing demand for bioinsecticides stems from
their dual efficacy – pest control and environmental preservation. Modern
consumers are more environmentally conscious than ever, demanding sustainable
practices across industries, including agriculture. Bioinsecticides answer this
call by minimizing the ecological footprint associated with pest management.
Unlike chemical pesticides, they biodegrade rapidly, leaving no harmful
residues in the soil or water sources. This environmentally harmonious approach
safeguards ecosystems, preventing the unintended consequences of chemical
runoff and contamination.
The Global Bioinsecticides Market is segmented into source,
application, regional distribution, and company.
Based on its source, the microbial segment has emerged
as the predominant market leader. This prevalence can be ascribed to their
broader range of targeted pests and generally heightened effectiveness.
Microbial insecticides originate from living microorganisms like bacteria,
viruses, and fungi, functioning by infecting and eradicating the intended pests
while sparing non-target organisms from harm. Among the microbial insecticides
most frequently employed, Bacillus thuringiensis (Bt) stands out a bacterium
that produces a protein toxic to insects, including caterpillars and
mosquitoes. Bt proves to be an effective, environmentally friendly, and
sustainable approach to pest management, holding a longstanding position in
organic farming practices. Another noteworthy microbial insecticide is
Beauveria bassiana, a fungus that infiltrates and eliminates subterranean pests
such as termites, ants, and beetles. Similarly, Metarhizium anisopliae, another
fungus, finds utility in pest control, targeting insects like grasshoppers and
locusts.
Furthermore, they alleviate the
dependence on harmful synthetic pesticides, which are recognized for their
negative impacts on human health and the environment. These remedies are
environmentally degradable and avoid leaving harmful residues that could contaminate
soil and water sources. Furthermore, their unique specificity and selectivity
make them less likely to endanger non-target organisms, including beneficial
insects crucial for pollination and pest control.
Based on application, the Cereals & Grains segment
commands the highest share of revenue. This phenomenon emerges from the
increasing utilization of fundamental cereals and grains, such as rice, barley,
corn, oats, wheat, and sorghum, propelled by their nutritional benefits. The cereals
and grains sector is projected to claim a substantial portion of the
Bioinsecticides market. Notably, the extensive cultivation of wheat and corn in
China and the U.S. positions Asia Pacific and North America as significant
adopters of Bioinsecticides within this domain. To ensure the protection of
cereals and grains, the typical practice involves the application of crop
protection agents. Moreover, the bioinsecticides market is on the cusp of
experiencing an upsurge, driven by the increased priority that farmers are
allocating to the cultivation of oilseeds. This category encompasses a diverse
spectrum of seeds, spanning from sunflower and soybean to various leguminous
pulses.
Based on region, North America took center stage as
the leading contender in the global Bioinsecticides market. This trend can be
attributed to the growing demand for pest management solutions that align with
sustainability and ecological considerations within the region. Moreover, North
America boasts a multitude of companies specializing in the research and
production of bioinsecticides. These entities remain perpetually committed to
advancing and innovating their products, with the objective of achieving
superior efficacy and improved ease of use.
Major companies operating in Global Bioinsecticides Market
are:
- BASF SE
- Bayer
Cropscience AG
- Novozymes AS
- Syngenta Crop
Protection AG
- Certis LLC
- Corteva
Agriscience
- Valent
Biosciences Corporation
- Isagro Spa
- UPL Limited
- FMC Corporation
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“Organic farming emphasizes the use of natural inputs
and sustainable practices to minimize the use of synthetic chemicals.
Bioinsecticides align perfectly with these principles, providing farmers with
effective pest management options while maintaining the integrity of their
organic produce. Regulatory support and certification programs for organic
farming have also contributed to the growth of the bioinsecticides market, as
farmers seek approved solutions for their operations. Furthermore, modern
agriculture is witnessing the integration of bioinsecticides with other
advanced technologies, enhancing their efficiency and reach create a lucrative
opportunity in the market growth,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based management consulting firm.
“Bioinsecticides Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Source
(Microbials, Plants, Others), By Application (Cereals & Grains, Oilseed and
Pulses, Fruits and Vegetables, Others), By Region and Competition, has evaluated
the future growth potential of Global Bioinsecticides Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Bioinsecticides Market.
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