for the forecast period (2023-2032). This growth is majorly attributed to the growing acceptance of practices of organic farming, government regulations supporting the utilization of biocontrol items, & the rising desire for pest control methods that are sustainable. The move towards organic farming is fueled by the health & environmental concerns associated with synthetic pesticides. In the manufacturing of bioinsecticide, two major sources are included: microbes & plants. Microbial bioinsecticides include biological agents obtained from living organisms like fungi, bacteria, viruses, & plants, while plant bioinsecticides include oils obtained from several plant sources. For example, neem oil, obtained from neem tree seeds, efficiently targets a wide range of pests.
Moreover, Pyrethrum, obtained from Chrysanthemum cineraria folium flowers, is another extensively utilized bioinsecticide, efficiently active against whiteflies, aphids, thrips, & other pests. Bioinsecticides provide an eco-friendly approach to pest control, protecting the environment and human health. Unlike synthetic pesticides, bioinsecticides work by killing pests in different ways. Some have toxins or spores that focus on specific pest species or life stages, while others modify pest behavior, making it easier to control or reduce pest populations by disrupting mating behavior. One benefit of bioinsecticides is their low environmental impact compared to synthetic chemical pesticides. They affect, majorly the targeted pest species of interest & reduce the risk of affecting other organisms. Furthermore, bioinsecticides leave no hazardous residues in the environment when used, encouraging eco-friendly practices for pest management.
Market Dynamic
The global bioinsecticides market is observing substantial growth due to various driving factors, such as the rising incidences of crop diseases, the effect of changing weather conditions on crops, & the bad effects of traditionally available insecticides. Chemical insecticides have adverse effects on the health of humans, resulting in health issues & environmental concerns. This growing consciousness among peasants regarding the harmful effects of chemical insecticides led to a shift towards bioinsecticides, which provide better substitutes for controlling the pest. Moreover, bioinsecticides are more economical when compared to traditional practices. The application of bioinsecticides in agriculture provides several benefits to farmers as well as the environment as they are obtained from natural sources without the use of any chemicals.
Despite these advantages, bioinsecticides also face limitations & challenges, changes in customs tariffs & other factors may impact the growth of this market by 2032. However, there is scope for growth, because of the increasing need for organic agricultural produce and the growing acceptance of sustainable farming practices in horticulture & floriculture. This scope shows the presence of new avenues for this market to expand in the near future.
Research Scope and Analysis
By Source
The segment of microbial dominates the market, marked with the maximum share in 2023. This segment's dominance is majorly attributed to the wide range of pests it can target and it's more effective as compared to other kinds of insecticides. Microbial insecticides are obtained from living microbes such as bacteria, fungi & viruses. They work by infecting & killing particular target pests while causing no or less harm to other organisms.
Among the extensively utilized microbial insecticides, Bacillus thuringiensis (Bt) stands out as a prominent example. This bacterium produces a protein toxic to insects like caterpillars & mosquitoes, providing an eco-friendly, efficient, & sustainable approach to controlling pests. Bt has found wide application in organic farming for several years. Another example of microbial insecticide that is widely employed is Beauveria bassiana, a fungus that effectively eliminates soil-dwelling pests like ants, termites, & beetles. Moreover, Metarhizium anisopliae, another fungus, is utilized to control pests such as grasshoppers & locusts. These microbial sources provide environmentally friendly options for the management of pests, serving the rising need for sustainable & ecologically sound pest control measures.
By Application
The market was led by cereals and grains, with a maximum revenue share in 2023. This position is accredited to the rising utilization of cereals & grains, like barley, rice, oats, corn, wheat, & sorghum, because of their nutritional advantages. The segment of cereals and grains is anticipated to dominate the market share for bioinsecticides, especially because of the wide cultivation of wheat & corn in areas such as the United States & China. In North America & Asia Pacific, bioinsecticides find their application in preserving cereals & grains, providing the cultivation of these crops on a larger scale.
Moreover, the bioinsecticides market is anticipated to benefit from the rising focus of farmers on the production of oilseeds. Pulses & oilseeds comprise a wide range of seeds, such as soybean, sunflower seeds & leguminous seeds (pulses). This rising emphasis on the production of oilseed in a sustainable manner to preserve their yields is fostering the growth of the market.
The Global Bioinsecticides Market Report is segmented on the basis of the following:
By Source
• Plants
• Microbials
• Others
By Application
• Fruits & Vegetables
• Oilseed & Pulses
• Cereals & Grains
• Others
Regional Analysis
North America dominates the market, commanding a maximum share in 2023. This impressive position can be accredited to the region's growing demand for eco-friendly & sustainable pest management practices. Moreover, North America has a good number of key players working on the development & production of Bioinsecticides. These key players are focusing on developing improved & novel products that are not only more effective but also user or eco-friendly.
Furthermore, the organization, OECD states that Asia Pacific emerges as the topmost producer of agricultural goods, anticipated to hold a share of 53% of the overall output of agricultural goods by 2030. Facing diminishing arable land & escalating food requirements due to the growth of the population, farmers are using bioinsecticides to boost crop yields. This region has abundant raw materials & cheap labor, resulting in an environment that is favorable for agricultural activities. However, the area also faces some issues like scarcity of water, changes in climate, & degradation of land, resulting in significant problems for the agricultural sector. In some countries such as Sri Lanka, & Nepal, an unsanitary situation leads to severe attacks on crops by various organisms, enhancing the desire for bioinsecticides as a real solution to deal with such pests.
By Region
North America
• The U.S.
• Canada
Europe
• Germany
• The U.K.
• France
• Italy
• Russia
• Spain
• Benelux
• Nordic
• Rest of Europe
Asia-Pacific
• China
• Japan
• South Korea
• India
• ANZ
• ASEAN
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Argentina
• Colombia
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Israel
• Egypt
• Rest of MEA
Competitive Landscape
Market players in the Bioinsecticides industry have been strategically adopting various approaches such as mergers and acquisitions, product launches, and geographic expansions. These measures are aimed at bolstering their product portfolio, expanding their customer base, and increasing their market share in the Asia-Pacific Bioinsecticides market.
As a case in point, in February 2023, Vestaron, a renowned company specializing in peptide-based Bioinsecticides, unveiled a new addition to its Spear series called Spear® RC. This groundbreaking insecticide is specifically designed to target lepidopteran pests, including cotton bollworm, soybean looper, and armyworm, which are known to infest crops like cotton, soybean, and rice. Spear® RC has undergone field tests, and its efficacy has been demonstrated to be comparable to that of conventional insecticides. This innovative product launch is expected to reinforce Vestaron's position in the market and cater to the growing demand for sustainable pest management solutions in the region
Some of the prominent players in the Global Bioinsecticides Market are:
• Valent Biosciences Corporation
• Certis USA L.L.C.
• Novozymes
• Syngenta
• Nufarm
• BASF SE
• Bayer AG
• Marrone Bio Innovations
• Koppert Biological Systems
• BioWorks
• Vestaron Corporation
• Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Bioinsecticides Market:
The Covid-19 pandemic and subsequent economic recession have had notable impacts on the global bioinsecticides market. During the initial phases of the pandemic, disruptions in supply chains, labor shortages, and restrictions on transportation and trade significantly affected the production and distribution of bioinsecticides. The closure of agricultural markets and reduced demand from farmers also contributed to a slowdown in the market's growth. Additionally, with the focus on essential goods and services, investments in agricultural inputs, including bioinsecticides, faced temporary setbacks.
However, as the pandemic progressed, there was a shift in consumer preferences toward sustainable and eco-friendly products, including bioinsecticides. The pandemic highlighted the importance of food security and sustainable agricultural practices, prompting farmers to explore environmentally friendly pest management solutions. As a result, there was an uptick in demand for bioinsecticides during the later phases of the pandemic. Furthermore, governments and organizations promoting sustainable agriculture continued their support for bioinsecticides, providing incentives and subsidies to farmers. As the world gradually recovered from the recession, the bioinsecticides market witnessed renewed growth and is expected to continue its expansion in the post-pandemic era, driven by increasing awareness of sustainable farming practices and the need for resilient food systems.
Report Characteristics |
Market Size (2023) |
USD 106.8 Mn |
Forecast Value (2032) |
USD 297.1 Mn |
CAGR (2023-2032) |
12.0% |
Historical Data |
2017 - 2022 |
Forecast Data |
2023 - 2032 |
Base Year |
2022 |
Estimate Year |
2023 |
Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
Segments Covered |
By Source (Plants, Microbials, and Others), and By
Application (Fruits & Vegetables, Oilseed & Pulses,
Cereals & Grains, and Others). |
Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
Prominent Players |
Valent Biosciences Corporation, Certis USAV L.L.C,
Novozymes, Syngenta, Nufarm, BASF SE, etc., Bayer
AG, Marrone Bio Innovations, Koppert Biological
Systems, BioWorks, Vestaron Corporation and Other
Key Players. |
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