|
Forecast Period
|
2018-2028
|
|
Market Size (2022)
|
USD 1337.81 million
|
|
CAGR (2024-2028)
|
10.10%
|
|
Fastest Growing Segment
|
Microbial
|
|
Largest Market
|
North America
|
Market Overview
Global
Bioinsecticides Market has valued at USD 1337.81 million in 2022 and is
anticipated to project robust growth in the forecast period with a CAGR of 10.10%
through 2028. Bioinsecticides harness the power of nature's own defenders
microorganisms such as bacteria, viruses, and fungi to wage a targeted and effective
battle against pest infestations. Unlike their chemical counterparts, which
often pose risks to human health and the environment, bioinsecticides offer a
greener, more tailored approach. These natural agents are carefully selected to
target specific pests while leaving beneficial insects and non-target organisms
unharmed. This precision marks a significant departure from the indiscriminate
nature of chemical pesticides, aligning with the principles of sustainable
agriculture.
The
efficacy of bioinsecticides lies in their selectivity. While chemical
pesticides can inadvertently harm non-target organisms, including pollinators
like bees, bioinsecticides specifically target pests without affecting
beneficial insects. This balanced approach protects the delicate relationships
within ecosystems, ensuring the natural checks and balances that prevent pest
outbreaks remain intact. By preserving biodiversity, bioinsecticides contribute
to healthier agricultural landscapes and more resilient food systems.
Key Market Drivers
Rising Demand of
Bioinsecticides in Cereals & Grains Crops
Agriculture
stands at the crossroads of evolution, as the world grapples with the dual
challenge of feeding a growing population while mitigating the environmental
impact of traditional farming practices. In this pursuit, the demand for
sustainable pest management solutions has surged, and the spotlight has turned
towards bioinsecticides, particularly in the cultivation of cereals and grains
crops. These essential staples, which include rice, barley, corn, oats, wheat,
and sorghum, form the bedrock of global food security, making their protection
vital. The escalating demand for bioinsecticides in this sector is driven by a
confluence of factors that promise a greener, more secure future for
agriculture. Cereals and grains have transcended their roles as dietary staples
to become symbols of sustenance. These crops provide the foundation of human
nutrition, offering carbohydrates, proteins, fibers, and essential nutrients
that fuel our bodies. The surging global population and changing dietary habits
are leading to increased consumption of these nutritional powerhouses. As a
result, farmers are under greater pressure to ensure robust yields and protect
their crops from the ravages of pests that can decimate entire harvests. This
demand for safeguarding the primary sources of nutrition has accelerated the
adoption of bioinsecticides, which offer effective pest management while
aligning with the principles of sustainable agriculture.
Moreover,
rice is among the top crops produced in world, and it is the staple food for
most of the population. The rice industry is strategically important for the many
country economy as it provides livelihood to lakhs of farmers. The government in
many countries has taken steps to promote sustainable agriculture practices.
These initiatives include subsidies for the use of pesticides and other
sustainable products, as well as programs to support small-scale farmers. The
government is also investing in the development of drip irrigation systems,
which allow for precise application of pesticides. Along with this, the demand
for cereals and grains in the world is also driven by the country's growing
food processing industry. Processed food products such as bread, pasta, and
breakfast cereals are popular among consumers, and these products often contain
large quantities of wheat and other grains. Thus, the farmers focus on
increasing the yield of these crops which dominate by using the pesticides as
it is used to control pests, mould, etc. In addition, these grains are
primarily used for animal feed.
In
addition, Bioinsecticides serve as the backbone of semiconductor and integrated
circuit manufacturing. These materials are meticulously designed to perform
specific functions, whether it's etching patterns onto silicon wafers,
depositing thin films for insulation or conduction, or creating intricate
structures within ICs. Each process requires a unique set of materials and
chemicals, tailored to achieve precision engineering at the molecular level.
From photolithography chemicals to high-purity gases used in deposition, these
components are the unsung architects of technological progress.
Moreover,
defining feature of the semiconductor industry is its relentless pursuit of
miniaturization. This pursuit has led to the advent of nanotechnology, where
materials and components are engineered at the nanoscale. This level of
precision demands a new class of Bioinsecticides that can interact with matter
at the atomic level. Quantum dots, for instance, are nanoscale semiconductor
particles that exhibit unique optical and electronic properties, opening
possibilities in displays, imaging, and even medical diagnostics, which lead to
the demand of market in the forecast period.
Increasing Demand for Organic
Products
Advancements
in insecticides technology are driving the development of new and more
effective pesticides. This, in turn, is driving the demand for insecticides.
New insecticides require new intermediates, and the development of these
intermediates is a key driver of the bioinsecticides market. The growing
concern about the environmental and health impacts of synthetic pesticides has
led to a growing demand for organic and natural insecticides. Organic insecticides
are derived from natural sources and are perceived to be safer and more
environmentally friendly than synthetic pesticides. The demand for organic insecticides
is expected to grow, and this will drive the demand for insecticides used in
their production.
Additionally,
organic farming has gained in the country, as consumers become more
health-conscious and demand for organic products increases. Organic farming
requires the use of natural or organic insecticides which are made from the
natural ingredients. The use of organic insecticides does not affect the soil
health and reduce the environmental impact and provide safe crops products. The
soils have been depleted due to years of intensive farming practices, leading
to reduced fertility and increased susceptibility to pests and diseases.
Organic farming practices, including the use of organic insecticides, help to
maintain the soil health by not degrading the soil quality and control weeds
& pest and promoting the growth of beneficial microorganisms.
All
these factors dominate the growth of the bioinsecticides market in the upcoming
years.
Moreover,
consumers have become acutely aware of the potential health risks posed by
synthetic pesticides and chemical residues that often linger on conventionally
grown crops. This awareness has propelled the demand for food that is not only
free from harmful chemicals but also nurtured in a manner that respects the
environment. Organic farming, with its focus on sustainable practices,
biodiversity preservation, and minimal environmental impact, aligns seamlessly
with these values. Bioinsecticides, as a core component of organic farming,
serve as a natural bridge between sustainable cultivation and consumer
expectations.
Furthermore,
the demand for organic products hails from a desire to forge a more sustainable
and resilient future. In an era marred by climate change, dwindling resources,
and ecological imbalances, the role of agriculture becomes pivotal in shaping
the trajectory of our planet. Organic farming, empowered by bioinsecticides,
holds the promise of regenerative agriculture – a practice that not only
sustains yields but actively restores ecosystems. By embracing organic
products, consumers become advocates for a transformational shift in food
production, encouraging farmers to adopt practices that nourish the land and
support future generations result in the growth of Bioinsecticides market in
the upcoming years.
Growing Demand for Microbial
based Bioinsecticides
Microbial-based
bioinsecticides harness the power of nature's smallest warriors –
microorganisms such as bacteria, viruses, and fungi – to wage a targeted and
eco-friendly battle against pest infestations. Unlike conventional chemical
pesticides that often leave a trail of environmental destruction, microbial
bioinsecticides operate with surgical precision. They zero in on specific
pests, leaving non-target organisms unharmed. This precision strikes at the
core of sustainable agriculture, where balance within ecosystems is key to
long-term prosperity.
Furthermore,
the demand for microbial-based bioinsecticides is rooted in their dual efficacy
– a potent combination of pest control and environmental preservation. As
consumers worldwide lean towards environmentally friendly practices,
agriculture is no exception. The harmful consequences of synthetic pesticides
have prompted a collective quest for greener alternatives. Microbial
bioinsecticides provide just that. They reduce the risk of chemical residues in
crops, soils, and water bodies, ensuring that the cycle of environmental harm
is disrupted. This eco-friendly approach aligns perfectly with the aspirations
of conscious consumers who seek food produced with a minimal ecological
footprint, all these factors contribute to the demand of Bioinsecticides market
in the projected period.
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Key Market Drivers
Regulatory Hurdles and
Complex Approvals and Limited Spectrum of Activity Poses a Significant Obstacle
to Market Expansion
The
primary challenges that the bioinsecticides market encounters is navigating the
intricate web of regulations and approvals. Unlike their chemical counterparts
that often have well-established regulatory frameworks, bioinsecticides, being
derived from living organisms, must undergo rigorous evaluations for safety,
efficacy, and environmental impact. The diversity of microorganisms and their
modes of action add complexity to the regulatory process. Companies must invest
significant time and resources to conduct thorough research and provide
comprehensive data to meet the stringent regulatory requirements. This challenge
can lead to delays in product development and market entry, which can be
discouraging for both manufacturers and farmers seeking sustainable solutions,
ultimately impacting market growth in the forecast period.
Moreover,
bioinsecticides offer a safer alternative to conventional pesticides, they
often come with a more limited spectrum of activity. Unlike chemical pesticides
that can target a wide range of pests, bioinsecticides tend to be more specific
in their action. This specificity can be both an advantage and a challenge. On
one hand, it reduces the risk of harming beneficial insects and non-target
organisms, contributing to a more balanced ecosystem. On the other hand, it can
restrict the efficacy of bioinsecticides against a broader array of pests,
leading to the need for integrated pest management strategies that combine
various pest control methods restrain the market growth.
Variable Efficacy and
Consistency & Cost Competitiveness
The
efficacy of bioinsecticides can vary based on factors such as environmental
conditions, target pests, and application methods. This variability can
sometimes lead to inconsistent results, which can be frustrating for farmers
who seek reliable solutions to protect their crops. Achieving consistent
efficacy requires a deep understanding of the interactions between
bioinsecticides, pests, and the environment. Additionally, advancements in
formulation technologies are needed to enhance the stability and performance of
bioinsecticides under different conditions. Along with this, bioinsecticides,
although often considered more sustainable, can be costlier to produce compared
to chemical pesticides. This cost difference can pose a challenge for farmers,
especially in regions with limited financial resources. The challenge of cost
competitiveness necessitates research and development efforts to optimize
production processes and reduce manufacturing expenses. Government incentives
and subsidies for adopting sustainable practices could also play a pivotal role
in making bioinsecticides more economically viable for farmers.
Key Market Trends
Rising Demand for
Sustainable Pest Control Solutions
One
of the key driving forces behind the growth of bioinsecticides is the
increasing demand for sustainable and eco-friendly pest control solutions.
Traditional chemical insecticides have been associated with various adverse
effects on ecosystems, non-target organisms, and human health. As awareness
about these impacts continues to grow, farmers and consumers are seeking
alternatives that are effective yet safe. Bioinsecticides, derived from natural
sources such as plants, bacteria, fungi, and minerals, are gaining traction due
to their reduced environmental footprint and minimal impact on beneficial
insects, pollinators, and the overall ecosystem. Moreover, the bioinsecticides
market has been witnessing significant investments in research and development,
leading to the discovery and formulation of more effective and specialized
products. The scientific community's increasing understanding of pest behavior,
plant-insect interactions, and the mechanisms of action of various
bioinsecticides has enabled the development of targeted solutions. This trend
has led to the introduction of bioinsecticides that are specific to certain
pest species, minimizing harm to beneficial insects and promoting integrated
pest management practices. These factors are anticipated to drive the growth of
the global bioinsecticides market during the forecast period.
Microbial
Bioinsecticides Leading the Way
Microbial
bioinsecticides, including bacteria, viruses, and fungi, are emerging as
frontrunners in the bioinsecticides market. These microorganisms are natural
enemies of many pests, and their utilization as biological control agents has
gained momentum. Bacillus thuringiensis (Bt), a bacterial bioinsecticide, has
been widely adopted for its effectiveness against a range of insect pests while
posing minimal risks to non-target organisms. Similarly, entomopathogenic fungi
like Beauveria bassiana and Metarhizium anisopliae have shown promise in
controlling pest populations, especially in greenhouse and field environments.
Moreover, the global trend towards organic farming has further boosted the
demand for bioinsecticides. 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.
Growing
Investment in Biopesticide Production
The
bioinsecticides market has attracted investments from both established
agrochemical companies and startups specializing in biotechnology. The
increasing demand for bioinsecticides has prompted established players to
expand their portfolios by incorporating bio-based solutions alongside their
conventional chemical products. Simultaneously, startups and research
institutions are focusing on innovative approaches to biopesticide production,
formulation, and delivery. These investments are expected to result in the
development of more cost-effective and user-friendly bioinsecticide products.
Additionally,
modern agriculture is witnessing the integration of bioinsecticides with other
advanced technologies, enhancing their efficiency and reach. For instance,
precision agriculture techniques, such as drone-based spraying and
sensor-driven application, are being combined with bioinsecticides to target
pest hotspots more accurately. This integration not only improves the efficacy
of bioinsecticides but also reduces their overall application, minimizing
wastage and further reducing environmental impact.
Segmental Insights
Source Insights
Based
on the category of source, the microbial segment emerged as the dominant player
in the global market for bioinsecticides in 2022. This prevalence can be
attributed to their wider spectrum of targeted pests and generally heightened
efficacy. Microbial insecticides, hailing from living microorganisms like
bacteria, viruses, and fungi, function by infecting and eliminating the
intended pests, all the while sparing non-target organisms from harm. Among the
most frequently utilized microbial insecticides is Bacillus thuringiensis (Bt),
a bacterium that generates a protein toxic to insects, encompassing
caterpillars and mosquitoes. Bt proves to be an efficient, environmentally
friendly, and sustainable approach to pest management and has been a
cornerstone of organic farming practices for numerous years. Another microbial
insecticide of significance is Beauveria bassiana, a fungus that infiltrates
and exterminates subterranean pests such as termites, ants, and beetles.
Similarly, Metarhizium anisopliae, another fungus, is harnessed for pest
control, focusing on insects like grasshoppers and locusts.
Additionally,
they mitigate the reliance on detrimental synthetic pesticides, acknowledged
for their adverse effects on human well-being and the ecosystem. These
solutions are biodegradable and refrain from leaving detrimental residues that
could taint soil and water reservoirs. Moreover, their distinct specificity and
selectivity render them less prone to jeopardizing non-target entities,
including advantageous insects integral to pollination and pest management.
Application Insights
Based
on the category of application, Cereals & Grains emerged as the dominant
player in the global market for Bioinsecticides in 2022. This is a result of
the growing consumption of essential cereals and grains like rice, barley,
corn, oats, wheat, and sorghum, driven by their nutritional advantages. The
segment expected to hold the lion's share of the Bioinsecticides market is
cereals and grains. Notably, the extensive cultivation of wheat and corn in
China and the U.S. positions Asia Pacific and North America as significant
users of Bioinsecticides in this context. For the safeguarding of cereals and
grains, the application of crop protection agents is commonly recommended.
Furthermore,
the bioinsecticides market is poised to gain momentum from the heightened
emphasis that farmers are placing on oilseed production. This encompasses a
varied array of seeds, including sunflower, soybean, and leguminous pulses, and
is poised to open avenues for growth within the market.
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Regional Insights
North
America emerged as the dominant player in the global Bioinsecticides market in
2022, this is due to the surging requirement for pest management solutions that
are both sustainable and environmentally friendly within the region. Additionally,
North America houses a plethora of enterprises dedicated to the research and
manufacturing of bioinsecticides. These entities are consistently engaged in
the enhancement and creation of novel products, aiming to achieve heightened
effectiveness and enhanced user-friendliness.
Moreover,
as per the data presented by the Organization for Economic Co-operation and
Development (OECD) and the Food and Agricultural Organization (FAO), Asia
Pacific stands as the primary contributor to agricultural commodities
production globally. It is projected to hold a significant share, around 53%,
of the worldwide agricultural output by the year 2030. However, there is a
noticeable reduction in arable land across the region, while the demand for
food is concurrently on the rise due to the expanding population. This scenario
has prompted farmers to increasingly adopt bioinsecticides to bolster crop
yields.
Recent Developments
- In
May 2022, UPL and AgBiTech announce partnership to deliver new bioinsecticides
in the western United States through UPL’s Natural Plant Protection (NPP)
business unit.
- In
January 2022, Syngenta Crop Protection AG has acquired two next generation
bioinsecticides, NemaTrident and UniSpore from UK-based biocontrol technology
developer, Bionema.
- In
February 2021, FMC Corporation collaborates with Novozymes to develop
biological enzyme-based crop protection solutions targeting fungal and insect
pests.
- In
October 2020, SATT Paris-Saclay and Valent BioSciences signed joint agreement
to develop breakthrough sustainable biopesticide technologies for agricultural
applications.
Key Market Players
- BASF
SE
- Bayer
Cropscience AG
- Novozymes
AS
- Syngenta
Crop Protection AG
- Certis
LLC
- Corteva
Agriscience
- Valent
Biosciences Corporation
- Isagro
Spa
- UPL
Limited
- FMC
Corporation
|
By Source
|
By Application
|
By Region
|
|
|
- Cereals & Grains
- Oilseed and Pulses
- Fruits and Vegetables
- Others
|
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
|
Report Scope:In this report, the Global Bioinsecticides Market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Bioinsecticides Market, By Source:
o Microbials
o Plants
o Others
- Bioinsecticides Market, By Application:
o Cereals & Grains
o Oilseed and Pulses
o Fruits and Vegetables
o Others
- Bioinsecticides Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ Germany
§ United Kingdom
§ Italy
§ Spain
o Asia-Pacific
§ China
§ India
§ South Korea
§ Japan
§ Australia
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Bioinsecticides
Market.
Available Customizations:
Global Bioinsecticides Market report with
the given market data, TechSci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Global Bioinsecticides Market is
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