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Bioinsecticides Market Report Scope & Overview

The Bioinsecticides Market size was USD 99.35 million in 2023 and is expected to Reach USD 232.14 million by 2031 and grow at a CAGR of 11.2% over the forecast period of 2024-2031. 

Bioinsecticides are naturally occurring compounds derived from many natural sources that suppress insect pests such as garden pests, crop pests, and disease vector insects. Pesticides may be referred to as a biomiticide, biofungicide, or bioinsecticide, depending on the pest it controls. Even though mites are not insects, products that control them may be classified as bioinsecticides. Where bioinsecticides are a type of biopesticide, all biopesticides are not bioinsecticides.

Bioinsecticides Market Revenue Analysis

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They come from natural sources like plants, fungi, bacteria, and other microbes. Chemically synthesized bioinsecticides are environmentally hazardous. Ideal bioinsecticides should have low non-target organism toxicity. They should also be easily degradable in sewage treatment plants and natural habitats, extremely effective in little amounts, and only harm target pests. For example, the bacterium Bacillus thuringiensis (Bt) produces a protein toxic to many types of caterpillars, while the fungus Beauveria bassiana infects and kills various insect pests.

Microbes and plants are two of the most important sources of bioinsecticides. Biological agents generated from live creatures such as bacteria, viruses, fungi, and plants are examples of microbiological sources. Plant sources include the oils derived from them. Neem oil is extracted from the seeds of the neem tree which is effective against a wide variety of pests. The rising demand for bioinsecticides is attributed to the adoption of organic farming practices, government policies promoting biocontrol products, and the need for sustainable modes of pest control.

MARKET DYNAMICS

KEY DRIVERS

  • Bioinsecticides are selective in their effect, and they tend to target the pest species of interest

Bioinsecticides are eco-friendly, selective insecticides generated from natural sources that target certain pest species while leaving beneficial insects alone. Their efficiency in Integrated Pest Management (IPM) and compatibility with organic agriculture have increased their popularity among consumers, regulators, and farmers. With increased worries about the effects of chemical pesticides, bioinsecticides play an important part in sustainable pest management strategies.

  • To eliminate harmful effects on the environment and health caused by synthetic pesticides

The increasing number of crop diseases, the effects of changing climatic conditions on crops, and the negative consequences of traditional insecticides, among other factors, are driving demand for bioinsecticides. Chemical pesticides have serious consequences for human health. Contact with chemical insecticide spraying can cause burning eyes, rashes, blisters, blindness, nausea, dizziness, diarrhea, and even death. As a result, the majority of growers are turning to bioinsecticides.

  • Environmental concerns will drive market expansion during the forecast period

RESTRAIN

  • Lack of awareness about applications of bioinsecticides among poor farmers

  • High cost of bioinsecticides materials can hinder the market growth

The high cost of bioinsecticide materials can be a significant impediment to the bioinsecticide market. Because of the sophisticated and environmentally benign nature of bioinsecticides, their synthesis and formulation involve complex methods and particular ingredients, making them more expensive than standard chemical insecticides. This higher production cost frequently leads to higher end-user prices, restricting their widespread adoption. As a result, farmers and consumers may be unwilling to switch from less expensive chemical options, thereby slowing the overall market growth of bioinsecticides

OPPORTUNITY

  • Farmers are becoming more aware of the adverse effects of the use of synthetic insecticides

Farmer's growing awareness of the dangers of synthetic insecticides is creating opportunities in the bioinsecticides sector. Bioinsecticides generated from natural sources provide effective pest control while having little impact on the environment. Their eco-friendliness and little chemical residues make them a viable pest management option. As consumers want more sustainable food, the use of bioinsecticides is projected to increase, fueling additional research and development in this field.

  • Fruits and vegetables are the largest application sector that drives market growth

Now, a large population across the world is engaged in farming practices, cultivating fruits. Traditional synthesized bio was used, which started harming soils, agricultural lands, and fruits and vegetables. As a result, the demand for chemical pesticide-treated fruits and vegetables has declined. Bioinsecticides have a reduced residual level and are ideal for the treatment of fruits and vegetables, hence this is the most common application area for bioinsecticides.

CHALLENGES

  • Lack of proper technological knowledge about the application of Bioinsecticides.

Due to a lack of sufficient technological knowledge about their application, the bioinsecticide business confronts faces challenges. It is critical to understand their efficacy, target pests, and precise treatment strategies in order to attain the best outcomes. Furthermore, effective storage and incorporation into pest management programs necessitate technical knowledge. Addressing these issues through education and training can encourage the successful use of bioinsecticides, resulting in a more ecologically friendly pest management option.

IMPACT OF RUSSIAN UKRAINE WAR

Pesticide use in Russia is expected to reach 230 thousand tonnes by 2022. According to the Ministry of Agriculture's letter, the majority of them (118.8 thousand tonnes) were supplied by domestic farmers. Pesticides imported from other countries accounted for roughly one-third of the overall volume (71.2 thousand tonnes, or 30.9%). Under the tolling plan, foreign firms manufactured an additional 40,000 tonnes of pesticides at domestic companies' facilities. Energy provision and global supply chains may also continue to be disrupted as a result of the war. Group sales and earnings as well as its financial position of Russia and Ukraine results of operations were only marginally impacted by the war and its direct consequences in 2022.

IMPACT OF ONGOING RECESSION

Due to rising inflation, 2022 was found as a challenging year for every sector in developed countries. The Covid-19 outbreak followed by Russia’s war in Ukraine has led to an increase in the price of every commodity therefore rising interest rates, tariffs applied on transport, and scarcity of raw materials, have led to an increase in the prices of bioinsecticides. The increase in the price of bioinsecticides has severely impacted on agriculture sector globally. Major population performing agriculture activities came from lower economic conditions hence it's hard for them to afford bioinsecticides in this way inflation has impacted on minimization of agricultural products.

MARKET SEGMENTATION

By Source

  • Plants

  • Microbials

  • Others

By Crop Type

  • Fruits & Vegetables

  • Oilseeds & Pulses

  • Cereals & Grains

  • Others

REGIONAL ANALYSIS

North America is predicted to have major revenue in the bioinsecticides market. Environmentally friendly pest management solutions are driving market expansion in this region. The United States is a major exporter of vegetables and fruits. The existence of a significant number of enterprises in the United States that specialize in research and development activities on biological crop protection and the production of Bioinsecticides makes this region more effective.

The demand for bioinsecticides in this region has risen. The Asia Pacific region, known for its abundant agricultural output, is expected to produce more than half of the world's agricultural products by 2030. However, with decreasing arable land and an increasing population, food consumption is increasing. To address this issue, farmers are turning to bioinsecticides to increase crop yields.

The biopesticides sector in Europe is expanding rapidly. Biopesticides are being adopted by European farmers as safer and more ecologically friendly options, but problems such as complex regulatory approval processes, limited product availability, and competition with conventional pesticides remain. However, continued research, government funding, and industry collaborations are driving the growth of the region's biopesticides market.

Bioinsecticides are becoming more popular in the Middle East and North Africa. By utilizing the power of naturally occurring organisms, these bio-based products target agricultural pests while reducing environmental impact. Incorporating bioinsecticides into integrated pest control techniques offers a better solution to maintaining food security while also maintaining the region's delicate ecosystems.

Bioinsecticides Market By Region

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REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

KEY PLAYERS

BASF SE, Bayer AG, Syngenta AG, Kilpest India Ltd, Nufarm, Marrone Bio innovations, Novozymes A/S, Biobest Group NV, Som Phytopharma, Valent Bioscience, and other key players are mentioned in the final report.

Syngenta AG-Company Financial Analysis

Company Landscape Analysis

RECENT DEVELOPMENTS

Valent BioSciences LLC- In 2023, Valent BioSciences LLC announced its purchase of FBSciences Holdings, Inc. Valent BioSciences and its parent company, Sumitomo Chemical Co., Ltd., now provide an innovative and proven range of integrated biorational solutions, including, biopesticides, biostimulants and crop nutrition solutions, as a result of this transaction.

Bioinsecticides Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 99.35 Mn
Market Size by 2031  US$ 232.14 Mn
CAGR   CAGR of 11.2% From 2024 to 2031
Base Year 2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Source (Microbial, Microbials, Others)
• By crop type (Fruits & Vegetables, Oilseeds & Pulses, Cereals & Grains, and Others)
 
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles BASF SE, Bayer AG, Syngenta AG, Kilpest India Ltd, Nufarm, Marrone Bio innovations, Novozymes A/S, Biobest Group NV, Som Phytopharma, Valent Bioscience
Key Drivers • Bioinsecticides are selective in their effect, and they tend to target the pest species of interest.
• To eliminate harmful effects on the environment and health caused by synthetic pesticides.
Market Restraints • Lack of awareness about applications of bioinsecticides among poor farmers.
• High cost of bioinsecticides materials can hinder the market growth.

 

Frequently Asked Questions

Ans. The Compound Annual Growth rate for Bioinsecticides Market over the forecast period is 11.2%.

Ans. USD 232.14 Million is the projected market size of the Bioinsecticides market by 2031.

Ans. North America is the fastest-growing region of the Bioinsecticides Market.

Ans. USD 99.35 Million was the market size of the Bioinsecticides market in 2023.

Ans. The key drivers are

  •  Bioinsecticides are selective in their effect, and they tend to target the pest species of interest.
  • To eliminate harmful effects on the environment and health caused by synthetic pesticides.

TABLE OF CONTENT

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Bioinsecticides Market Segmentation, by Source
8.1 Plants
8.2 Microbials
8.3 Others

9. Bioinsecticides Market Segmentation, by Crop Type

9.1 Fruits & Vegetables
9.2 Oilseeds & Pulses
9.3 Cereals & Grains
9.4 Others

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 Trend Analysis
10.2.2 North America Bioinsecticides Market by Country
10.2.3 North America Bioinsecticides Market By Source
10.2.4 North America Bioinsecticides Market By Crop Type
10.2.5 USA
10.2.5.1 USA Bioinsecticides Market By Source
10.2.5.2 USA Bioinsecticides Market By Crop Type
10.2.6 Canada
10.2.6.1 Canada Bioinsecticides Market By Source
10.2.6.2 Canada Bioinsecticides Market By Crop Type
10.2.7 Mexico
10.2.7.1 Mexico Bioinsecticides Market By Source
10.2.7.2 Mexico Bioinsecticides Market By Crop Type
10.3 Europe
10.3.1 Trend Analysis
10.3.2 Eastern Europe
10.3.2.1 Eastern Europe Bioinsecticides Market by Country
10.3.2.2 Eastern Europe Bioinsecticides Market By Source
10.3.2.3 Eastern Europe Bioinsecticides Market By Crop Type
10.3.2.4 Poland
10.3.2.4.1 Poland Bioinsecticides Market By Source
10.3.2.4.2 Poland Bioinsecticides Market By Crop Type
10.3.2.5 Romania
10.3.2.5.1 Romania Bioinsecticides Market By Source
10.3.2.5.2 Romania Bioinsecticides Market By Crop Type
10.3.2.6 Hungary
10.3.2.6.1 Hungary Bioinsecticides Market By Source
10.3.2.6.2 Hungary Bioinsecticides Market By Crop Type
10.3.2.7 Turkey
10.3.2.7.1 Turkey Bioinsecticides Market By Source
10.3.2.7.2 Turkey Bioinsecticides Market By Crop Type
10.3.2.8 Rest of Eastern Europe
10.3.2.8.1 Rest of Eastern Europe Bioinsecticides Market By Source
10.3.2.8.2 Rest of Eastern Europe Bioinsecticides Market By Crop Type
10.3.3 Western Europe
10.3.3.1 Western Europe Bioinsecticides Market by Country
10.3.3.2 Western Europe Bioinsecticides Market By Source
10.3.3.3 Western Europe Bioinsecticides Market By Crop Type
10.3.3.4 Germany
10.3.3.4.1 Germany Bioinsecticides Market By Source
10.3.3.4.2 Germany Bioinsecticides Market By Crop Type
10.3.3.5 France
10.3.3.5.1 France Bioinsecticides Market By Source
10.3.3.5.2 France Bioinsecticides Market By Crop Type
10.3.3.6 UK
10.3.3.6.1 UK Bioinsecticides Market By Source
10.3.3.6.2 UK Bioinsecticides Market By Crop Type
10.3.3.7 Italy
10.3.3.7.1 Italy Bioinsecticides Market By Source
10.3.3.7.2 Italy Bioinsecticides Market By Crop Type
10.3.3.8 Spain
10.3.3.8.1 Spain Bioinsecticides Market By Source
10.3.3.8.2 Spain Bioinsecticides Market By Crop Type
10.3.3.9 Netherlands
10.3.3.9.1 Netherlands Bioinsecticides Market By Source
10.3.3.9.2 Netherlands Bioinsecticides Market By Crop Type
10.3.3.10 Switzerland
10.3.3.10.1 Switzerland Bioinsecticides Market By Source
10.3.3.10.2 Switzerland Bioinsecticides Market By Crop Type
10.3.3.11 Austria
10.3.3.11.1 Austria Bioinsecticides Market By Source
10.3.3.11.2 Austria Bioinsecticides Market By Crop Type
10.3.3.12 Rest of Western Europe
10.3.3.12.1 Rest of Western Europe Bioinsecticides Market By Source
10.3.2.12.2 Rest of Western Europe Bioinsecticides Market By Crop Type
10.4 Asia-Pacific
10.4.1 Trend Analysis
10.4.2 Asia Pacific Bioinsecticides Market by Country
10.4.3 Asia Pacific Bioinsecticides Market By Source
10.4.4 Asia Pacific Bioinsecticides Market By Crop Type
10.4.5 China
10.4.5.1 China Bioinsecticides Market By Source
10.4.5.2 China Bioinsecticides Market By Crop Type
10.4.6 India
10.4.6.1 India Bioinsecticides Market By Source
10.4.6.2 India Bioinsecticides Market By Crop Type
10.4.7 Japan
10.4.7.1 Japan Bioinsecticides Market By Source
10.4.7.2 Japan Bioinsecticides Market By Crop Type
10.4.8 South Korea
10.4.8.1 South Korea Bioinsecticides Market By Source
10.4.8.2 South Korea Bioinsecticides Market By Crop Type
10.4.9 Vietnam
10.4.9.1 Vietnam Bioinsecticides Market By Source
10.4.9.2 Vietnam Bioinsecticides Market By Crop Type
10.4.10 Singapore
10.4.10.1 Singapore Bioinsecticides Market By Source
10.4.10.2 Singapore Bioinsecticides Market By Crop Type
10.4.11 Australia
10.4.11.1 Australia Bioinsecticides Market By Source
10.4.11.2 Australia Bioinsecticides Market By Crop Type
10.4.12 Rest of Asia-Pacific
10.4.12.1 Rest of Asia-Pacific Bioinsecticides Market By Source
10.4.12.2 Rest of Asia-Pacific Bioinsecticides Market By Crop Type
10.5 Middle East & Africa
10.5.1 Trend Analysis
10.5.2 Middle East
10.5.2.1 Middle East Bioinsecticides Market by Country
10.5.2.2 Middle East Bioinsecticides Market By Source
10.5.2.3 Middle East Bioinsecticides Market By Crop Type
10.5.2.4 UAE
10.5.2.4.1 UAE Bioinsecticides Market By Source
10.5.2.4.2 UAE Bioinsecticides Market By Crop Type
10.5.2.5 Egypt
10.5.2.5.1 Egypt Bioinsecticides Market By Source
10.5.2.5.2 Egypt Bioinsecticides Market By Crop Type
10.5.2.6 Saudi Arabia
10.5.2.6.1 Saudi Arabia Bioinsecticides Market By Source
10.5.2.6.2 Saudi Arabia Bioinsecticides Market By Crop Type
10.5.2.7 Qatar
10.5.2.7.1 Qatar Bioinsecticides Market By Source
10.5.2.7.2 Qatar Bioinsecticides Market By Crop Type
10.5.2.8 Rest of Middle East
10.5.2.8.1 Rest of Middle East Bioinsecticides Market By Source
10.5.2.8.2 Rest of Middle East Bioinsecticides Market By Crop Type
10.5.3 Africa
10.5.3.1 Africa Bioinsecticides Market by Country
10.5.3.2 Africa Bioinsecticides Market By Source
10.5.3.3 Africa Bioinsecticides Market By Crop Type
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Bioinsecticides Market By Source
10.5.2.4.2 Nigeria Bioinsecticides Market By Crop Type
10.5.2.5 South Africa
10.5.2.5.1 South Africa Bioinsecticides Market By Source
10.5.2.5.2 South Africa Bioinsecticides Market By Crop Type
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Bioinsecticides Market By Source
10.5.2.6.2 Rest of Africa Bioinsecticides Market By Crop Type
10.6 Latin America
10.6.1 Trend Analysis
10.6.2 Latin America Bioinsecticides Market by Country
10.6.3 Latin America Bioinsecticides Market By Source
10.6.4 Latin America Bioinsecticides Market By Crop Type
10.6.5 Brazil
10.6.5.1 Brazil Bioinsecticides Market By Source
10.6.5.2 Brazil Bioinsecticides Market By Crop Type
10.6.6 Argentina
10.6.6.1 Argentina Bioinsecticides Market By Source
10.6.6.2 Argentina Bioinsecticides Market By Crop Type
10.6.7 Colombia
10.6.7.1 Colombia Bioinsecticides Market By Source
10.6.7.2 Colombia Bioinsecticides Market By Crop Type
10.6.8 Rest of Latin America
10.6.8.1 Rest of Latin America Bioinsecticides Market By Source
10.6.8.2 Rest of Latin America Bioinsecticides Market By Crop Type


11 Company Profile
11.1 BASF SE
11.1.1 Market Overview
11.1.2 Financials
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Bayer AG
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Syngenta AG
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Kilpest India Ltd
11.4 Company Overview
11.4.2 Financials
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Nufarm
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Marrone Bio Innovations
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Novozymes A/S
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Biobest Group NV
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Som Phytopharma
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Valent Bioscience
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View


12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Company Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions 
    
13. USE Cases and Best Practices


14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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