Beneficial Insects Market by Application (Crop protection, Crop production), Type (Predators, Parasitoids, Pathogens, and Pollinators), Crop Type (Fruits & Vegetables, Flowers & Ornamentals, and Grains & Pulses) and Region - Global Forecast to 2028
Northbrook, IL 60062 -- (SBWIRE) -- 09/20/2023 -- According to a research report titled "Beneficial Insects Market by Application (Crop protection, Crop production), Type (Predators, Parasitoids, Pathogens, and Pollinators), Crop Type (Fruits & Vegetables, Flowers & Ornamentals, and Grains & Pulses) and Region - Global Forecast to 2028" published by MarketsandMarkets, the beneficial insects market is projected to reach USD 1,630 million by 2028 from USD 877 million in 2023, at a CAGR of 13.2% during the forecast period in terms of value. The market for beneficial insects is experiencing substantial growth due to the increasing demand for chemical-free farming and organic farming, which has led to a surge in beneficial insects.
Download PDF Brochure
Role of Beneficial Insects in Crop Protection for Fruits and Vegetables
Beneficial insects play a vital role in crop protection for fruits and vegetables. These natural predators, such as ladybugs, lacewings, and parasitic wasps, offer an eco-friendly solution for controlling pests that commonly infest these crops. By introducing beneficial insects into the fields, farmers can effectively combat pests like aphids, caterpillars, and whiteflies. These beneficial insects prey upon the pests, reducing their populations and preventing damage to the plants. Utilizing beneficial insects for crop protection in fruits and vegetables offers numerous benefits, including reduced reliance on chemical pesticides, minimized environmental impact, and the preservation of beneficial organisms and pollinators. Integrating these natural pest control agents into agricultural practices promotes sustainable farming, enhances crop quality, and contributes to the long-term health and productivity of the crops.
Significant Market Share in Crop Protection
By application, crop protection holds a significant market share during the forecast period. Beneficial insects have gained a substantial presence in the field of crop protection, revolutionizing agricultural production. With growing concerns about the environmental impact of chemical pesticides and the rise of resistant pests, farmers are seeking sustainable alternatives to safeguard their crops. Beneficial insects, such as parasitic wasps, predatory beetles, and hoverflies, offer a natural and effective solution. These beneficial allies prey upon harmful pests, such as aphids, caterpillars, and mealybugs, preventing their populations from reaching damaging levels. By integrating these biological control agents into crop protection strategies, farmers can reduce their reliance on synthetic pesticides, minimize chemical residues, and preserve the ecological balance of their fields. The use of beneficial insects not only improves yields and crop quality but also promotes the long-term sustainability of agricultural systems.
Asia Pacific Driving Market Growth
The Asia-Pacific region is a key driver of market growth during the forecast period. This region is experiencing a significant surge in demand for beneficial insects, reflecting a growing recognition of their role in sustainable agriculture. As countries in the region prioritize food security and seek to reduce the environmental impact of conventional farming practices, the adoption of biological control measures has gained momentum. Beneficial insects, such as parasitoids, predators, and pathogens, offer a natural and eco-friendly solution to pest management, reducing the reliance on chemical pesticides. The rising demand for organic and pesticide-free produce, coupled with increased awareness of the importance of biodiversity conservation, has fueled interest in these beneficial allies. By incorporating them into integrated pest management (IPM) programs, farmers can effectively combat pests while preserving the ecological balance of their agricultural systems. The Asia-Pacific region, with its diverse agricultural landscape, is witnessing a shift towards sustainable practices, and the demand for beneficial insects is poised to continue rising as more farmers recognize their immense potential in achieving better production and ecological harmony.
Request for Customization
Key Players in the Market
Key players in the beneficial insects market include Applied Bionomics Ltd (Canada), Biobest Group NV (Belgium), Bioline AgroSciences Ltd (UK), Fargro Limited (UK), Andermatt Group AG (Switzerland), ARBICO Organics (US), BioBee Ltd (Israel), BIONEMA (UK), Koppert (Netherlands), Tip Top Bio-Control (US), Evergreen Growers Supply, LLC (US), Anatis Bioprotection (Canada), GrowLiv Biologicals (Canada), Planet Natural (US), and Natural Pest Controls (US). The study includes an in-depth competitive analysis of these key players in the beneficial insects market, covering their company profiles, recent developments, and key market strategies.
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062