PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1303525
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1303525
Global Bioinsecticides Market is valued at approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Bioinsecticides are a type of pesticide derived from natural sources such as plants, bacteria, fungi, and other microorganisms. They are used to control insect pests in agriculture, forestry, and public health. Unlike synthetic insecticides, bioinsecticides have minimal impact on non-target organisms and the environment. They are often more specific in their action, targeting only specific insect species or life stages. This makes them a valuable tool in integrated pest management programs. Examples of bioinsecticides include Bacillus thuringiensis (Bt), a bacterium that produces a protein toxic to certain insects, and neem oil, which is derived from the neem tree and has insecticidal properties. Other examples include spinosad, Beauveria bassiana, and Metarhizium anisopliae. The key factors such as rise in pest resurgence and Integrated Pest Management (IPM) measures, growing acceptance for organic food, rising awareness programs by government agencies, and huge crop loss due to invasive pest attacks are anticipated to create a lucrative demand for the market during forecast period.
Moreover, the rising crop loss due to invasive pest attacks is anticipated to create a lucrative demand for bioinsecticides. In 2021, According to the UN organization, pests currently cause over 40% of crop output losses worldwide, and plant diseases damage the world economy by more than $220 billion every year. A major contributor to the loss of biodiversity, invasive pests cost countries at least $70 billion annually. Additionally, high growth in bio-control seed treatment solutions is anticipated to create a lucrative opportunity for the market during the forecast period. However, the short shelf life of bioinsecticides stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Bioinsecticides Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising consumer awareness of the maximum residue level (MRL) on fruits and vegetables. As a result, consumers prefer fruits and vegetables that are free of residue, which has led to growers in this area seeing a rise in demand for bioinsecticides. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising personal disposable income, increasing supply-chain stakeholder focus on increasing production, increasing focus on crop quality, and surge in spending on research and development capabilities.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable