Beneficial Insects Market to Grow with a CAGR of 9.91% through 2028
Rising Demand
for Sustainable Protein is expected to drive the Global Beneficial Insects
market in the forecast period 2024-2028
According to
TechSci Research report, “Beneficial Insects Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Beneficial Insects Market stood at USD 864.15 Million in 2022 and is
anticipated to grow with a CAGR of 9.91% in the forecast period, 2024-2028. Beneficial
insects help with pollination and occasionally act as natural pesticides,
having a positive impact on organic produce and sustainable agriculture.
Agricultural, horticultural, and other environments benefit from the services
that beneficial insects offer by pollinating plants, reducing pest populations,
and improving the health of our ecosystem. Large or macro-sized beneficial
insects are specially referred to as microbial. Beneficial insects protect
plants and crops against damaging insect pests and broaden the ecological
richness of overall ecosystem settings. There
is an increase in demand for sustainable and environmentally friendly practices
due to ecological concerns about the effects of conventional agriculture
methods. Beneficial insects provide a safe, and effective alternative to
chemical pesticides for pest control. Gradually, the dependence on chemical
pesticides is reducing. Due to the rising demand from consumers for organic
produce, the organic farming industry has been thriving globally. The vital
role that beneficial insects play in organic farming systems by providing pest
control without the use of synthetic pesticides has fueled the need for
microbial.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on
"Global Beneficial Insects Market”
The Global Beneficial
Insects Market is segmented into type, application, regional distribution, and
company
Based on its
type, the Pollinators segment emerged as the dominant player in the global
market for beneficial insects. This prominence can be attributed to the
critical role that pollinators play in the agricultural ecosystem, impacting
not only crop yields but also the overall biodiversity of plant species.
Pollinators, including bees, butterflies, beetles, and certain flies, are
instrumental in facilitating the reproduction of flowering plants. Their
primary function is to transfer pollen from the male reproductive organs
(anther) to the female reproductive organs (stigma) of flowers, enabling
fertilization and the production of seeds and fruits. This process is
fundamental to the reproduction of many of the world's food crops and
contributes significantly to global food production. The dominance of the
Pollinators segment is underscored by the increasing recognition of the vital
role these insects play in ensuring the sustainability of agriculture. Beyond
their direct impact on crop yields, pollinators support the reproduction of
wild plants, contributing to the maintenance of natural ecosystems. This
broader ecological significance aligns with growing global awareness of the
importance of biodiversity and the interconnectedness of ecosystems.
Based on application,
The Crop Protection segment is projected to experience rapid growth during the
forecast period. The Crop Protection segment is poised for rapid growth during
the forecast period, emerging as a dynamic and essential player in the global
market for beneficial insects. This projection is grounded in a confluence of
factors that highlight the increasing recognition of the segment's pivotal role
in sustainable agriculture and effective pest management. One of the primary
drivers of the anticipated rapid growth in the Crop Protection segment is the
escalating global demand for sustainable and eco-friendly farming practices. As
concerns regarding the environmental impact of chemical pesticides continue to
mount, farmers and agricultural stakeholders are actively seeking alternative
methods that strike a balance between pest control efficacy and ecological
sustainability. The Crop Protection segment, encompassing beneficial insects
with a focus on pest control, represents a viable and environmentally conscious
solution. The versatility of the Crop Protection segment contributes to its
anticipated rapid growth.
Major companies
operating in Global Beneficial Insects Market are:
- Andermatt
Group AG
- Evergreen
Growers Supply, LLC
- IPM
Laboratories, Inc.
- FAR Inc.
- Organic
Control, Inc.
- Eco Bugs
India Pvt. Ltd.
- Bioline
AgroSciences Ltd
- Biobest
Group NV
- BioBee Ltd
- Fagro
Limited
- Applied Bionomics Ltd
Download Free Sample Report
Customers can
also request for 10% free customization on this report
“This has
increased the demand for alternative pest management techniques boosting the
adoption of beneficial insects. On the other hand, certain factors such as lack
of awareness among farmers, challenges in large-scale production, and cost
considerations can hinder market growth. In some circumstances, the cost of
growing and using beneficial insects is more than that of using chemical
pesticides. This expense element could be problematic, particularly for
small-scale farmers with limited finances. Scaling up the production of
beneficial insects can be difficult because of various reasons, such as high
rates of mortality during rearing, susceptibility to environmental conditions,
and challenges in maintaining constant quality and quantity.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Beneficial Insects
Market – Global Industry Size, Share, Trends, Opportunity, & Forecast
2018-2028, Segmented By Type (Predators, Parasitoids,
Pathogens, Pollinators), By Application (Crop Protection, Crop Production), By
Crop Type (Fruits & Vegetables, Flowers & Ornamentals, Grains &
Pulses), By Region, and Competition”, has evaluated
the future growth potential of Global Beneficial Insects 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 Beneficial Insects Market.
Contact
TechSci
Research LLC
420
Lexington Avenue, Suite 300,
New York,
United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com