The growing use of bioinsecticides in pest control for cereals, grains, oilseeds, and pulses is driving the global bioinsecticides market during the forecast period of 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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