Market Size of Global Bioinsecticide Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 12.30 % |
| Fastest Growing Market | South America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Bioinsecticides Market Analysis
The global market for bioinsecticides was valued at USD 1,457.8 million in 2018, and it is expected to reach USD 2,820.1 million by 2024, witnessing a CAGR of 12.3% during the forecast period 2019-2024.
Bioinsecticides hold around half of the global pesticide market. Over 6,000 plant species have been identified, which possess insecticidal properties. In insect pest management, a number of plant products derived from neem, custard apple, tobacco, pyrethrum, etc., have been used as safe insecticides.
Bioinsecticides Industry Segmentation
Bioinsecticides are organic formulations applied to crops to kill insects that feed on them. They contain live bacteria that produce toxins that poison and kill the insects. This report will develop an understanding of the current market dynamics, growth opportunities, and market forecasts for various types of products used as bio fungicides. The report will also help to understand the recent shift towards the adoption of bio fungicides in major regions.
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| Grains & Cereals | |
| Pulses & Oilseeds | |
| Commercial Crops | |
| Fruits & Vegetables | |
| Other Applications |
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Global Bioinsecticide Market Size Summary
The bioinsecticides market is a significant segment within the global pesticide industry, holding a substantial share of the market. This sector is characterized by the use of natural insecticidal properties derived from over six thousand plant species, including neem, custard apple, tobacco, and pyrethrum. These bioinsecticides are particularly favored in the fruits and vegetables sector, which represents the largest application area due to the lower residue levels compared to chemical pesticides. The growing concern over pesticide residues in food has driven the demand for bioinsecticides, making them an ideal choice for treating fruits and vegetables. Despite the dominance of chemical pesticides, the market for bioinsecticides is expanding, with optimistic projections suggesting a significant increase in market share.
Regionally, South America is anticipated to experience the highest growth rate in the bioinsecticides market, driven by the increasing resistance among insects and the local production of Bt-based products. Brazil, in particular, has been a leader in this market, with numerous commercial mycoinsecticides available. However, the market still faces challenges, such as the dominance of chemical pesticides and economic issues in countries like Argentina. The global bioinsecticides market is highly fragmented, with a majority of smaller players, but there is a noticeable trend of consolidation through acquisitions as companies focus on developing bio-based products. Major players like Valent Biosciences Corporation, Koppert Biological Systems, Certis USA LLC, and Bayer CropScience AG are actively investing in this growing market to expand their biological research capabilities.
Global Bioinsecticide Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Grains & Cereals
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2.1.2 Pulses & Oilseeds
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2.1.3 Commercial Crops
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2.1.4 Fruits & Vegetables
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2.1.5 Other Applications
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.1.4 Rest of North America
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Spain
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2.2.2.5 Italy
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2.2.2.6 Russia
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2.2.2.7 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 India
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2.2.3.3 Japan
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2.2.3.4 Australia
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Africa
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2.2.5.1 South Africa
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2.2.5.2 Rest of Africa
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Global Bioinsecticide Market Size FAQs
What is the current Global Bioinsecticide Market size?
The Global Bioinsecticide Market is projected to register a CAGR of 12.30% during the forecast period (2024-2029)
Who are the key players in Global Bioinsecticide Market?
Valent Biosciences Corporation, Koppert Biological Systems, Certis USA LLC and Bayer CropScience AG are the major companies operating in the Global Bioinsecticide Market.
