- Beauveria Bassiana
- Bacillus Thruingiensis
- Metarhizium Anisopliae
- Verticillium Lecanii
Bioinsecticides Market size was valued at USD 2.4 billion in 2022 and is anticipated to grow at a CAGR of 15.9% from 2023-2029. The compounds used to destroy insects are known as insecticides. Insects often cause crop damage and hinder plant and crop growth. This results in a decrease in production. Bioinsecticides Market is made from organic ingredients including animals, plants, microbes, or minerals. Live bacteria that produce poison are found in several biopesticides. This toxin is damaging to insects because it causes poison to be produced in their stomachs, killing them. Biochemical insecticides, microbial insecticides, and plant-incorporated protectants are the three types of insecticides. VBT, Toxin, and Shock are some of the bioinsecticides currently on the market. Market players are focusing on the development of newer bioinsecticides due to the low cost of R&D activities and the increase in the demand for bioinsecticides rather than synthetic products. Developed countries have a significant share in the bioinsecticides market owing to an increase in awareness about the benefits of bioinsecticide products. Moreover, acquisitions and mergers, collaborations, product approvals, and product launches are the strategies followed by the companies to increase their revenue share in the bioinsecticides market.
Fastest Growing Market
Bioinsecticides are the biological agents used to inhibit the growth of pests, which are harmful to plants. These bioinsecticides uses organic toxins to kill the insects to improve the crop yield, most of the bioinsecticides are derived from the microorganisms include fungi, bacteria, and viruses. Bioinsecticides are used in very small quantities and their mechanism of action is slow and targeted. Bioinsecticides are generally used to prevent the growth of insects and disease carriers such as spiders, ticks, and rats among others. The commercially available bioinsecticides are live microorganisms, hence their action depends on the soil pH, optimum temperature, and humidity.
The bioinsecticides market size was valued at USD 2.4 billion in 2022
Novozymes A/S (Denmark) BASF SE (Germany) Bayer CropScience AG (Germany) The Dow Chemical Company (U.S.) Marrone Bio Innovations Inc. (U.S.) Syngenta AG (Switzerland) Valent BioSciences Corporation (U.S.) Koppert B.V. (Netherlands)
The bioinsecticides market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.