Bioinsecticides Market: By Insecticide Type, By Mode Of Application, By Mechanism of Action, By Formulation Type, By Crop Type and Geography
Bioinsecticides Market size was valued at US$ 2.8 billion in 2023 and is anticipated to grow at a CAGR of 15.6% from 2024-2030. The compounds used to destroy insects are known as insecticides. Insects often cause crop damage and hinder plant and crop growth. This results in a decrease in production. Bioinsecticides Market is made from organic ingredients including animals, plants, microbes, or minerals. Live bacteria that produce poison are found in several biopesticides. This toxin is damaging to insects because it causes poison to be produced in their stomachs, killing them.
Biochemical insecticides, microbial insecticides, and plant-incorporated protectants are the three types of insecticides. VBT, Toxin, and Shock are some of the bioinsecticides currently on the market. Market players are focusing on the development of newer bioinsecticides due to the low cost of R&D activities and the increase in the demand for bioinsecticides rather than synthetic products. Developed countries have a significant share in the bioinsecticides market owing to an increase in awareness about the benefits of bioinsecticide products. Moreover, acquisitions and mergers, collaborations, product approvals, and product launches are the strategies followed by the companies to increase their revenue share in the bioinsecticides market.
Study Period
2024-2030Base Year
2023CAGR
15.6%Largest Market
North AmericaFastest Growing Market
North America
Bioinsecticides are the biological agents used to inhibit the growth of pests, which are harmful to plants. These bioinsecticides uses organic toxins to kill the insects to improve the crop yield, most of the bioinsecticides are derived from the microorganisms include fungi, bacteria, and viruses. Bioinsecticides are used in very small quantities and their mechanism of action is slow and targeted. Bioinsecticides are generally used to prevent the growth of insects and disease carriers such as spiders, ticks, and rats among others. The commercially available bioinsecticides are live microorganisms, hence their action depends on the soil pH, optimum temperature, and humidity.
Geographically, bioinsecticides market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America bioinsecticides market exhbiting significant growth owing to rise in organic and eco-friendly farming, increase in the demand for healthy food products, rise in the R&D activities for the innovation of newer bioinsecticides, and increase in the production of fruits and vegetables in the region. Europe bioinsecticides market accounted for significant share, owing to increase in the awareness about the bioinsecticides, low cost and better availability of the products, and high adoption of eco-friendly farming are the factors upsurge the revenue of Europe bioinsecticides market. Moreover, Asia Pacific bioinsecticides market expected to grow at significant rate over the forecast period due to increase in the dependence on farming in India and China, increase in awareness about the bioinsecticide products benefits, and low cost of the products are bolster the market in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 2.8 billion |
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Market CAGR |
15.6% |
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By Insecticide Type |
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By Application |
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By Mechanism Of Action |
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By Formulation Type |
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By Crop Type |
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The bioinsecticides market size was valued at US$ 2.8 billion in 2023
Novozymes A/S (Denmark) BASF SE (Germany) Bayer CropScience AG (Germany) The Dow Chemical Company (U.S.) Marrone Bio Innovations Inc. (U.S.) Syngenta AG (Switzerland) Valent BioSciences Corporation (U.S.) Koppert B.V. (Netherlands)
The bioinsecticides market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.
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