With the emergence and long-term Impact of COVID-19, Global Beneficial Insects Market to reach USD 2088.8 Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Beneficial Insects Market points towards a potential rise to USD 2088.8 Million by 2030. Beneficial insects are a diverse group of insects that play a crucial role in ecosystems and provide various benefits to humans and the environment by acting as natural predators, parasites, or pollinators. These insects play a crucial role in controlling pests, improving crop yields, and maintaining ecological balance.
Beneficial insects include predators such as ladybugs and lacewings that feed on pests, parasitic wasps that lay eggs in pest insects, and bees and butterflies that facilitate pollination. Their presence and activities contribute to sustainable pest management, reduce reliance on chemical pesticides, and support healthy ecosystems and agricultural practices. The driving factors boosting the market growth are rising adoption of Integrated Pest Management (IPM) and growing organic farming and sustainable agricultural practices.
Geographically, the global Beneficial Insects market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 due to growing concern of consumers for their health and environment, increase in organic crop protection solution and high consumption of organic products. However, Asia Pacific is expected to be the fastest growing region during the forecast period, owing to factors such as increasing demand for sustainable agriculture, rapidly expanding agricultural sector, and large agriculture land resources that provides ample opportunities for the application of beneficial insects in pest management.
The global Beneficial Insects market is highly competitive owing to the presence of several key players such as Fagro Limited Applied Bionomics Ltd Andermatt Group AG Evergreen Growers Supply, LLC IPM Laboratories, Inc. Organic Control, Inc. Eco Bugs India Pvt. Ltd. Bioline AgroSciences Ltd Biobest Group NV BioBee Ltd, and others.
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Key findings of the study suggest:
- Global Beneficial Insects Market is anticipated to grow with a healthy growth rate of more than 13.20% over the forecast period 2023-2030.
- In the Crop Type segment, Fruits & Vegetable emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to growing concern of consumers for their health and environment in the region.
- Asia Pacific is expected to grow at higher rate owing to increasing demand for sustainable agriculture in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Type:
- Predators
- Parasitoids
- Pathogens
- Pollinators
By Application:
- Crop Protection
- Crop Production
By Crop Type:
- Fruits & Vegetables
- Flowers & Ornamentals
- Grains & Pulses
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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