Market Size of bioinsecticides Industry
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.73 Billion |
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Market Size (2029) | USD 3.09 Billion |
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Largest Share by Crop Type | Row Crops |
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CAGR (2024 - 2029) | 12.30 % |
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Largest Share by Region | North America |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Bioinsecticides Market Analysis
The Bioinsecticides Market size is estimated at USD 1.73 billion in 2024, and is expected to reach USD 3.09 billion by 2029, growing at a CAGR of 12.30% during the forecast period (2024-2029).
- Row Crops is the Largest Crop Type : The main row crops farmed globally are barley, corn, wheat, rapeseed, rye, sunflower, soybean, and rice. Row crops dominance is due to largest cultivation area globally.
- Row Crops is the Fastest-growing Crop Type : Increased pest pressure is thought to be caused by increasing crop field sizes and decreasing seminatural area; bioinsecticides are a sustainable method of controlling it.
- North America is the Largest Region : United states and Canada are dominating the bioinsecticides market in the region, increased organic cultivation and reducing use of chemical pesticides are driving factors.
- United States is the Largest Country : Row crops are dominating the market with 92.6% in 2021, organic transition initiative and demand for organic and pesticide-free food products driving the market.
This section covers the major market trends shaping the Bioinsecticides Market according to our research experts:
Row Crops is the largest Crop Type
- Bioinsecticides are natural substances derived from various sources that effectively control insect pests while being safe for non-target organisms and easily degradable in sewage treatment plants and natural environments. These unique features make bioinsecticides an increasingly popular choice for farmers and consumers.
- The bioinsecticides market is dominated by row crops, which accounted for 84.0% of the global market value in 2022. Major row crops such as barley, corn, wheat, rapeseed, rye, sunflower, soybean, and rice are among the most widely farmed globally. Following closely behind are horticulture crops, which had a market share of 11.8% in 2022.
- North America leads the global bioinsecticides market, accounting for 40.8% of the market share in 2022, followed by Europe and Asia-Pacific, with market shares of 33.2% and 17.5%, respectively. The transition to organic agriculture through agroecological and sustainable agricultural practices gained traction globally, focusing on reducing fertilizers and pesticide consumption, particularly due to the pandemic.
- The Pesticide Action Network (PAN) is a global network of over 600 non-governmental organizations, institutions, and individuals working to promote environmentally sound and socially just alternatives to hazardous pesticides. Through its initiatives and programs, PAN is raising awareness about the negative effects of pesticides and driving the adoption of bioinsecticides as a safer and more sustainable alternative.
- With its unique features and benefits and growing consumer preference for chemical-free produce and organically grown food, bioinsecticides are set to experience growth in the global market, with an estimated CAGR of 12.2% during the forecast period (2023-2029).
Bioinsecticides Industry Segmentation
Cash Crops, Horticultural Crops, Row Crops are covered as segments by Crop Type. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
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Bioinsecticides Market Size Summary
The bioinsecticides market is experiencing significant growth, driven by the increasing demand for sustainable agricultural practices and the transition towards organic farming. Bioinsecticides, which are natural substances derived from microorganisms and plant extracts, offer an eco-friendly alternative to chemical pesticides, effectively controlling insect pests while being safe for non-target organisms. The market is predominantly led by row crops such as barley, corn, wheat, and soybean, which occupy a substantial portion of the global agricultural landscape. North America stands out as the largest regional market, with the United States and Canada spearheading the adoption of bioinsecticides due to initiatives promoting organic cultivation and reducing chemical pesticide usage. The market's expansion is further supported by global movements like the Pesticide Action Network, which advocates for environmentally sound alternatives to hazardous pesticides.
The bioinsecticides market is characterized by its fragmented nature, with key players such as Coromandel International Ltd, Corteva Agriscience, IPL Biologicals Limited, Seipasa SA, and Valent Biosciences LLC leading the charge. These companies are actively expanding their biologicals portfolios and enhancing manufacturing capabilities to meet the rising demand for biorational products. Europe and Asia-Pacific also contribute significantly to the market, with Europe focusing on organic farming targets and pesticide reduction strategies, while Asia-Pacific, led by China and India, aims to decrease pesticide usage in major crops. The global market is poised for continued growth, driven by policy changes, consumer preferences for chemical-free produce, and the increasing adoption of bioinsecticides as a sustainable agricultural solution.
Bioinsecticides Market Size - Table of Contents
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1. MARKET SEGMENTATION
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1.1 Crop Type
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1.1.1 Cash Crops
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1.1.2 Horticultural Crops
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1.1.3 Row Crops
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1.2 Region
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1.2.1 Africa
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1.2.1.1 By Country
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1.2.1.1.1 Egypt
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1.2.1.1.2 Nigeria
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1.2.1.1.3 South Africa
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1.2.1.1.4 Rest Of Africa
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1.2.2 Asia-Pacific
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1.2.2.1 By Country
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1.2.2.1.1 Australia
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1.2.2.1.2 China
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1.2.2.1.3 India
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1.2.2.1.4 Indonesia
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1.2.2.1.5 Japan
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1.2.2.1.6 Philippines
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1.2.2.1.7 Thailand
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1.2.2.1.8 Vietnam
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1.2.2.1.9 Rest Of Asia-Pacific
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1.2.3 Europe
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1.2.3.1 By Country
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1.2.3.1.1 France
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1.2.3.1.2 Germany
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1.2.3.1.3 Italy
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1.2.3.1.4 Netherlands
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1.2.3.1.5 Russia
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1.2.3.1.6 Spain
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1.2.3.1.7 Turkey
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1.2.3.1.8 United Kingdom
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1.2.3.1.9 Rest Of Europe
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1.2.4 Middle East
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1.2.4.1 By Country
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1.2.4.1.1 Iran
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1.2.4.1.2 Saudi Arabia
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1.2.4.1.3 Rest Of Middle East
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1.2.5 North America
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1.2.5.1 By Country
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1.2.5.1.1 Canada
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1.2.5.1.2 Mexico
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1.2.5.1.3 United States
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1.2.5.1.4 Rest Of North America
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1.2.6 South America
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1.2.6.1 By Country
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1.2.6.1.1 Argentina
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1.2.6.1.2 Brazil
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1.2.6.1.3 Rest Of South America
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Bioinsecticides Market Size FAQs
How big is the Bioinsecticides Market?
The Bioinsecticides Market size is expected to reach USD 1.73 billion in 2024 and grow at a CAGR of 12.30% to reach USD 3.09 billion by 2029.
What is the current Bioinsecticides Market size?
In 2024, the Bioinsecticides Market size is expected to reach USD 1.73 billion.
