San Francisco, 12 March 2024: The Report Bioinsecticides Market Size, Share & Trends Analysis Report By Source (Microbial, Plants & Others), By Application (Cereals & Grains, Oilseed And Pulses), By Region, And Segment Forecasts, 2023 - 2030

The global bioinsecticides market is expected to reach USD 208.46 million by 2030, and is anticipated to grow at a CAGR of 11.0% from 2023 to 2030 as per the new report by Grand View Research, Inc. The growth is majorly driven by increasing demand for safer food along with growing concerns about the harmful and toxic effects of conventional insecticide.

The bio based insecticides are made up of two major sources that is microbes and plants. The microbial insecticides mostly consist of bacteria, fungus, nematode, virus and protozoan.Bacillus thuringiensis (Bt) bacteria is the most commonly used bioinsecticide as Bt is an effective, eco-friendly and sustainable way of controlling pests, and it has been used in organic farming for many years.

The plant based product includes the Plant Incorporated Protectants (PIPs) which is a genetic substance incorporated in the plants. In this process the Bt pesticidal protein gene is inserted into the genetic material of the plant, as a result the plant manufactures the substance which destroys the insects.

The governing organizations like EPA (United States Environmental Protection Agency) promotes and encourages the development of bio based insecticides. As, the product pose very little or negligible risk as compared to conventional bioinsecticides. Moreover, EPA requires less data to register as bioinsecticides as comparted to same conventional product which on an average takes three years for the registration process.

Bioinsecticide market players have been adopting strategies like product launches in order to enhancing the product portfolio. For instance, in February 2023, Vestaron, a leading company in the production of peptide-based bioinsecticides, introduced a new product in its Spear series called Spear® RC. This revolutionary insecticide specifically targets lepidopteran pests like cotton bollworm, soybean looper, and armyworm in crops like cotton, soybean, and rice.

The two major sources involved in the production of Bioinsecticides include microbes and plants. The microbial source includes the biological agents that are derived from living organisms such as bacteria, fungi, viruses, and plants. Whereas the plant source includes the oils extracted from them. For example, neem oil is extracted from the seeds of the neem tree and is effective against a wide range of pests.

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Pyrethrum, derived from the flowers of Chrysanthemum cinerariaefolium, is another commonly used Bioinsecticides, which is effective in controlling aphids, whiteflies, thrips, and other pests. Thus, Bioinsecticidess offer a safer and more sustainable way of controlling pests without harming the environment and human health.

Bioinsecticides Market Report Highlights

• Microbial is the largest source segment accounting for a revenue share of 54.24% in 2022 and is projected to grow at a highest growth rate of 11.3% from 2023 to 2030 owing to its broader range of target pests and generally higher effectiveness
• One of the most commonly used microbial insecticides is Bacillus thuringiensis (Bt), a bacterium that produces a protein that is toxic to insects, including caterpillars and mosquitoes.
• Cereals & Grains application segment of isopropyl alcohol is anticipated to grow at a CAGR of 11.3% from 2023 to 2030 by revenue owing to rising increasing consumption of cereals & grains, such as rice, barley, corn, oats, wheat and sorghum due to their nutritional benefits.
• North America dominated the regional product market with a revenue share of 36.59% in 2022 due to increasing demand for sustainable and eco-friendly pest management solutions in the region.
• The major industry participants of are BASF SE, Bayer AG, Certis USA L.L.C. & Syngenta.

Bioinsecticidess work by controlling pests in different ways compared to synthetic pesticides. For example, some Bioinsecticidess contain spores or toxins that target specific pest species or life stages, while others may alter the behavior of the pest in a way that makes it easier to control or reduce pest populations by disrupting mating behavior.

One of the main advantages of product is that it has a low environmental impact compared to synthetic chemical pesticides. Bioinsecticidess are selective in their effect, and they tend to target the pest species of interest, thus reducing the risk of affecting non-target organisms. Additionally, when Bioinsecticidess are applied, they do not leave harmful residues in the environment.

Bioinsecticides Market Report Scope

List of Key Players of Bioinsecticides Market

• BASF SE
• Bayer AG
• Certis USA L.L.C.
• Novozymes
• Marrone Bio Innovations
• Syngenta
• Nufarm
• VALENT BioSciences
• BioWorks
• Vestaron Corporation