The global bioinsecticides market was valued at USD 6.12 billion in 2023 and is anticipated to reach USD 7.30 billion in 2024 from USD 29.94 billion by 2032, growing at a CAGR of 19.29 % from 2024 to 2032.
Bioinsecticides are biological agents used to kill pests that are harmful to plants. Every pest has its natural enemy which reduces its numbers. That includes bacteria, fungi, viruses, and insect parasitoids. For example, Bacteria like Bacillus thermogenesis are effective against the cabbage looper, which is caused by an insect called Trichoplausiani. Some of the crop plants are modified through genetic engineering techniques by inserting cry genes of thuringenesis to develop resistance against the insects. So, the technological advancements in genetic engineering and manufacturing processes will strengthen the biological insecticides in the marketplace.
Rise in crop loss due to insects and diseases, development of pest-resistance to various chemicals, changing farming practices, and growing pest management industries are some of the major factors driving the market. However, some of the factors, like the Stringent Regulations by EPA on pesticide use, are slowing down the growth of the market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
19.29% |
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Segments Covered |
By Type, Crop Type, Mode of Application, Formulation and Mechanism and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Valent Biosciences Corporation, Syngenta AG, Bayer Crop Science AG, E. I. du Pont de Nemours and Company, Novozymes A/S, and Koppert B.V. |
North America has the largest share in the market owing to the rise in eco-friendly farming practices in North America.
Major Players in the global Bioinsecticides market are Valent Biosciences Corporation, Syngenta AG, Bayer Crop Science AG, E. I. du Pont de Nemours and Company, Novozymes A/S, and Koppert B.V.
By Type
By Crop Type
By Mode of Application
By Formulation and Mechanism
By Region
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