Global Bioinsecticide Market - Growth, Trends, and Forecast (2019 - 2024)

The global bioinsecticide market is segmented by application into grains & cereals, pulses & oilseeds, commercial crops, fruits & vegetables, and other applications, and by geography into North America, Europe, Asia-Pacific, South America, and Africa

Market Snapshot

Market snapshot
Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

South America

Largest Market:

North America

Key Players:

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Market Overview

The global market for bioinsecticides was valued at USD 1,457.8 million in 2018, and it is expected to reach USD 2,820.1 million by 2024, witnessing a CAGR of 12.34% during the forecast period 2019-2024. 

Bioinsecticides hold around half of the global pesticides market. Over 6,000 plant species have been identified, which possess insecticidal properties. In insect pest management, a number of plant products derived from neem, custard apple, tobacco, pyrethrum, etc., have been used as safe insecticides.

Scope of the Report

Bioinsecticides are organic formulations applied to crops to kill insects that feed on them. They contain live bacteria that produce toxins which poison and kill the insects.

Application
Grains & Cereals
Pulses & Oilseeds
Commercial Crops
Fruits & Vegetables
Other Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Italy
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

Fruits and Vegetables Occupy the Largest Share By Application

Among application areas for bioinsecticides, fruits and vegetables occupy the largest share by application. Our analysis shows that lately, many fruits and vegetables have tested positive for the presence of pesticides. This has decreased the demand for chemical pesticide-treated fruits and vegetables. Bioinsecticides have a relatively lower residue level and are a perfect fit for the treatment of fruits and vegetables and hence fruit and vegetable forms the largest application area for bioinsecticides. In general, biocontrol producers represent around 1% of the chemical pesticide sales. Biocontrol agents for weeds are nor marketed. Thus, considering that in the market, there are only biocontrol agents for insects and plant diseases, the percentage of that market share rises to 2%. Optimistic estimates project that sales of biopesticides could reach 10% by 2020.

Key Market trends 1

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South America is the Fastest Growing Market for Bioinsecticides

South America is estimated to witness the highest CAGR in the forecast period of 2019-2024. In South America, Bt-based products cover about 40% of the market. Most of the bioinsecticide production in the region is carried out at the local level, with the involvement of local governments and NGOs. South America is projected to experience the fastest growth in the coming five years, driven by rapidly emerging resistance among insect. Brazil has accounted for the largest share of the market in South America in the past five years. Approximately, the 40 commercial mycoinsecticides present in the Brazilian market are provided by 19 for-profit companies. In Brazil, where there is an overwhelming need to improve soil health and crop productivity, microbial science in agriculture is just getting started.  Currently, imported products based on Bt are used in Argentina to control Rachiplusia nu and A. gemmatalis. However, their use is not extensive, since the market is dominated by chemical pesticides, particularly pyrethroids. Research on these products is still hampered by the severe economic crisis faced in recent years

Key Market trends 2

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Competitive Landscape

The global market for bioinsecticides is highly fragmented with smaller players occupying 76% of the market in 2018. 

The major  acquisitions  taking  place between  companies  to  develop  bioinsecticides, indicates  that  the  focus  on  bio-based  products  are increasing rapidly. The players in the market are investing heavily in this market, to diversify their biological research divisions in the expanding market place.

Major Players

  1. Valent Biosciences Corporation
  2. Koppert Biological Systems
  3. Certis USA LLC
  4. Bayer CropScience AG

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Grains & Cereals

      2. 5.1.2 Pulses & Oilseeds

      3. 5.1.3 Commercial Crops

      4. 5.1.4 Fruits & Vegetables

      5. 5.1.5 Other Applications

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Spain

        5. 5.2.2.5 Italy

        6. 5.2.2.6 Russia

        7. 5.2.2.7 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 India

        3. 5.2.3.3 Japan

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Africa

        1. 5.2.5.1 South Africa

        2. 5.2.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 BASF SE

      2. 6.3.2 Bayer Cropscience AG

      3. 6.3.3 Bioworks, Inc.

      4. 6.3.4 Certis LLC

      5. 6.3.5 DowDupont

      6. 6.3.6 Isagro Spa

      7. 6.3.7 Koppert Biological Systems

      8. 6.3.8 Marrone Bio innovations

      9. 6.3.9 Novozymes AS

      10. 6.3.10 Valent Biosciences Corporation

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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