Bioinsecticides Market by Application and Geography - Forecast and Analysis 2022-2026

The bioinsecticides market share is expected to increase by USD 1.96 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.18%.

This bioinsecticides market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bioinsecticides market segmentation by application (crop-based and non-crop-based) and geography (North America, APAC, South America, Europe, and Middle East and Africa). The bioinsecticides market report also offers information on several market vendors, including AgBiTech Pty Ltd., Andermatt Group AG, BASF SE, Bayer AG, Biobest Group NV, BioSafe Systems LLC, BioWorks Inc., DuPont de Nemours Inc., Futureco Bioscience SA, IPL Biologicals Ltd., Kan biosys, Koppert Biological Systems, Marrone Bio Innovations Inc., Mitsui and Co. Ltd., Novozymes AS, Nufarm Ltd., Syngenta AG, Valent BioSciences LLC, Vestaron Corp., and Kilpest India Ltd. among others.

What will the Bioinsecticides Market Size be During the Forecast Period?

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Bioinsecticides Market: Key Drivers, Trends, and Challenges

The growing demand for organic farming and organic food is notably driving the bioinsecticides market growth, although factors such as the availability of synthetic pesticides and herbicides may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bioinsecticides industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bioinsecticides Market Driver

The growing demand for organic farming and organic food is one of the key drivers supporting the bioinsecticides market growth. Biological products such as microbiological products and biofertilizers have attracted a lot of attention and are being promoted on a large scale. To tap the growing awareness of organic agriculture, various types of organic and biological inputs have been launched and are being sold to farmers. The key factors behind the increase in the demand for organic food are an increasing number of health-conscious individuals, increasing environmental concerns, and governmental support toward awareness and the use of organic products. Such key factors will drive market growth during the forecast period.

Key Bioinsecticides Market Trend

Increasing governmental support for the use of bio-based products in agriculture is one of the key bioinsecticides market trends that is contributing to the market growth. The governments of various countries are undertaking initiatives for the promotion of bioinsecticides. These include farm-level extension and promotion programs, financial assistance to investors in setting up units, subsidies on sales, and direct production in public sector spaces, cooperative organizations, universities, and research institutions. When the bioinsecticides industry gains momentum and develops with the assistance of such government initiatives, there is an anticipated increase in the sales volume and diffusion of bioinsecticides. Moreover, the rising need for sustainable agricultural techniques has led to the adoption of bio-based products by farmers. Thus, increased support from various governments will enable the growth of the global bioinsecticides market during the forecast period.

Key Bioinsecticides Market Challenge

The availability of synthetic pesticides and herbicides is one of the factors hindering the bioinsecticides market growth. Vendors are expanding their product portfolio by launching new variants of synthetic pesticides and herbicides. For instance, in January 2020, FMC Corp. announced the launch of a new herbicide named Authority Edge. It has already received the EPA registration for use in soybeans, sunflowers, and dry-shelled peas, including chickpeas. The presence of such harmful herbicides in the market is attributed to their lower cost compared with their substitutes. Therefore, the availability of synthetic pesticides and herbicides is expected to hamper the growth of the bioinsecticides market during the forecast period.

This bioinsecticides market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global bioinsecticides market as a part of the global diversified chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bioinsecticides market during the forecast period.

Who are the Major Bioinsecticides Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AgBiTech Pty Ltd.
• Andermatt Group AG
• BASF SE
• Bayer AG
• Biobest Group NV
• BioSafe Systems LLC
• BioWorks Inc.
• DuPont de Nemours Inc.
• Futureco Bioscience SA
• IPL Biologicals Ltd.
• Kan biosys
• Koppert Biological Systems
• Marrone Bio Innovations Inc.
• Mitsui and Co. Ltd.
• Novozymes AS
• Nufarm Ltd.
• Syngenta AG
• Valent BioSciences LLC
• Vestaron Corp.
• Kilpest India Ltd.

 

This statistical study of the bioinsecticides market encompasses successful business strategies deployed by the key vendors. The bioinsecticides market is fragmented and the vendors are deploying growth strategies such as price, quality, brand, and variety to compete in the market.

Product Insights and News

• BASF SE - Through the chemical segment, the company includes petrochemicals and intermediates divisions.
• BASF SE - The company offers bioinsecticides product brands under the brand name AgCelence. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bioinsecticides market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Bioinsecticides Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the bioinsecticides market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Bioinsecticides Market?

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39% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for the bioinsecticides market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The growing demand for organic farm products and stringent regulatory structures on the use of chemical fertilizers will facilitate the bioinsecticides market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 compelled governments in North America to impose new guidelines amidst the outbreak, which led to having a negative impact on the regional market. the lockdowns were lifted in Q4 2020, and vendors in the market also resumed their business activities in Q4 2020. Such factors will drive market growth during the forecast period.

What are the Revenue-generating Application Segments in the Bioinsecticides Market?

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The bioinsecticides market share growth by the crop-based segment will be significant during the forecast period. Crop-based bioinsecticides are better alternatives to chemical pesticides, as they are derived from natural resources such as minerals and bacteria. They control the ill effects of pests, weeds, and other insects on crops. They treat and protect crops without harming the soil. Bioinsecticides are usually spread on plants and crops. They are replacing synthetic pesticides in many crops and playing a significant role in agriculture and sustainable practices. Such factors are anticipated to drive market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bioinsecticides market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

Biopesticides market - The market size has the potential to grow by $ 4.46 bn during 2021-2025, and the market's growth momentum will accelerate during the forecast period.

Organic Pesticides market - The market share is expected to increase to USD 4.48 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.02%.

Bioinsecticides Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 14.18%
Market growth 2022-2026	$ 1.96 billion
Market structure	Fragmented
YoY growth (%)	13.25
Regional analysis	North America, APAC, South America, Europe, and Middle East and Africa
Performing market contribution	North America at 39%
Key consumer countries	US, Canada, China, India, and Brazil
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AgBiTech Pty Ltd., Andermatt Group AG, BASF SE, Bayer AG, Biobest Group NV, BioSafe Systems LLC, BioWorks Inc., DuPont de Nemours Inc., Futureco Bioscience SA, IPL Biologicals Ltd., Kan biosys, Koppert Biological Systems, Marrone Bio Innovations Inc., Mitsui and Co. Ltd., Novozymes AS, Nufarm Ltd., Syngenta AG, Valent BioSciences LLC, Vestaron Corp., and Kilpest India Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Bioinsecticides Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive bioinsecticides market growth during the next five years
• Precise estimation of the bioinsecticides market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the bioinsecticides industry across North America, APAC, South America, Europe, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of bioinsecticides market vendors

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