Market Size of bioinsecticides Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 1.73 Billion |
|
|
Market Size (2029) | USD 3.09 Billion |
|
Largest Share by Crop Type | Row Crops |
|
|
CAGR (2024 - 2029) | 12.30 % |
|
Largest Share by Region | North America |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Bioinsecticides Market Analysis
The Bioinsecticides Market size is estimated at USD 1.73 billion in 2024, and is expected to reach USD 3.09 billion by 2029, growing at a CAGR of 12.30% during the forecast period (2024-2029).
- Row Crops is the Largest Crop Type : The main row crops farmed globally are barley, corn, wheat, rapeseed, rye, sunflower, soybean, and rice. Row crops dominance is due to largest cultivation area globally.
- Row Crops is the Fastest-growing Crop Type : Increased pest pressure is thought to be caused by increasing crop field sizes and decreasing seminatural area; bioinsecticides are a sustainable method of controlling it.
- North America is the Largest Region : United states and Canada are dominating the bioinsecticides market in the region, increased organic cultivation and reducing use of chemical pesticides are driving factors.
- United States is the Largest Country : Row crops are dominating the market with 92.6% in 2021, organic transition initiative and demand for organic and pesticide-free food products driving the market.
