The North America Bioinsecticides Market should witness market growth of 9.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 542.0 Kilo Litres, showcasing a growth of 1.9% (2019-2022).
The high growth rate of the market is attributable to the adoption of organic agricultural practices, the promotion of biocontrol products by government policies, and the demand for sustainable insect control methods. The demand is also increasing due to the adoption of organic farming methods and the adverse environmental and health effects of synthetic pesticides. Rising demand for safer food and increasing concerns about conventional insecticides' detrimental and noxious effects also contribute to the expansion.
Microorganisms and vegetation are the two primary materials used to produce bioinsecticides. The microbial source comprises biological agents derived from living organisms, including viruses, fungi, and plants; however, the plant source comprises their extracted hydrocarbons. Neem oil, for instance, is removed from the neem seeds and works well against various parasites.
The majority of microbial insecticides are made up of bacteria, fungi, nematodes, viruses, and protozoa. Bacillus thuringiensis (Bt) bacterium is the most widely used bioinsecticide because it is a practical, eco-friendly, and long-lasting method of pest management that has been used for many years in organic agriculture.
The adoption of bioinsecticides in North America is expected to continue growing as sustainable agriculture practices gain momentum and consumers demand more environmentally friendly and safer food products. Continued research, technology innovation, and collaboration among stakeholders will likely contribute to the broader adoption of bioinsecticides as part of integrated pest management strategies in the region. Agricultural extension services, research institutions, and industry associations play a role in increasing awareness and knowledge about bioinsecticides among Mexican farmers through training programs and outreach efforts. Therefore, the region presents lucrative growth prospects for the market.
The US market dominated the North America Bioinsecticides Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $35.1 Million by 2030. The Canada market is poised to grow at a CAGR of 10.3% during (2023-2030). Additionally, The Mexico market should witness a CAGR of 12.5% during (2023-2030).
Based on Source, the market is segmented into Microbials, Plants, and Others. Based on Application, the market is segmented into Cereals & Grains, Oilseed & Pulses, Fruits & Vegetables, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include BASF SE, Bayer AG, Certis USA LLC (Mitsui & Co., Ltd.), Novozymes A/S (Novo Holdings A/S), Biobest Group NV, Syngenta AG Group, Nufarm Ltd., Sumitomo Chemical Co., Ltd., Ginkgo Bioworks Holdings, Inc., and Vestaron Corporation
The high growth rate of the market is attributable to the adoption of organic agricultural practices, the promotion of biocontrol products by government policies, and the demand for sustainable insect control methods. The demand is also increasing due to the adoption of organic farming methods and the adverse environmental and health effects of synthetic pesticides. Rising demand for safer food and increasing concerns about conventional insecticides' detrimental and noxious effects also contribute to the expansion.
Microorganisms and vegetation are the two primary materials used to produce bioinsecticides. The microbial source comprises biological agents derived from living organisms, including viruses, fungi, and plants; however, the plant source comprises their extracted hydrocarbons. Neem oil, for instance, is removed from the neem seeds and works well against various parasites.
The majority of microbial insecticides are made up of bacteria, fungi, nematodes, viruses, and protozoa. Bacillus thuringiensis (Bt) bacterium is the most widely used bioinsecticide because it is a practical, eco-friendly, and long-lasting method of pest management that has been used for many years in organic agriculture.
The adoption of bioinsecticides in North America is expected to continue growing as sustainable agriculture practices gain momentum and consumers demand more environmentally friendly and safer food products. Continued research, technology innovation, and collaboration among stakeholders will likely contribute to the broader adoption of bioinsecticides as part of integrated pest management strategies in the region. Agricultural extension services, research institutions, and industry associations play a role in increasing awareness and knowledge about bioinsecticides among Mexican farmers through training programs and outreach efforts. Therefore, the region presents lucrative growth prospects for the market.
The US market dominated the North America Bioinsecticides Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $35.1 Million by 2030. The Canada market is poised to grow at a CAGR of 10.3% during (2023-2030). Additionally, The Mexico market should witness a CAGR of 12.5% during (2023-2030).
Based on Source, the market is segmented into Microbials, Plants, and Others. Based on Application, the market is segmented into Cereals & Grains, Oilseed & Pulses, Fruits & Vegetables, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include BASF SE, Bayer AG, Certis USA LLC (Mitsui & Co., Ltd.), Novozymes A/S (Novo Holdings A/S), Biobest Group NV, Syngenta AG Group, Nufarm Ltd., Sumitomo Chemical Co., Ltd., Ginkgo Bioworks Holdings, Inc., and Vestaron Corporation
Scope of the Study
By Source (Volume, Kilo Litres, USD Thousands, 2019-2030)
- Microbials
- Plants
- Others
By Application (Volume, Kilo Litres, USD Thousands, 2019-2030)
- Cereals & Grains
- Oilseed & Pulses
- Fruits & Vegetables
- Others
By Country (Volume, Kilo Litres, USD Thousands, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- Bayer AG
- Certis USA LLC (Mitsui & Co., Ltd.)
- Novozymes A/S (Novo Holdings A/S)
- Biobest Group NV
- Syngenta AG Group
- Nufarm Ltd.
- Sumitomo Chemical Co., Ltd.
- Ginkgo Bioworks Holdings, Inc.
- Vestaron Corporation
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Bioinsecticides Market by Source
Chapter 6. North America Bioinsecticides Market by Application
Chapter 7. North America Bioinsecticides Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- BASF SE
- Bayer AG
- Certis USA LLC (Mitsui & Co., Ltd.)
- Novozymes A/S (Novo Holdings A/S)
- Biobest Group NV
- Syngenta AG Group
- Nufarm Ltd.
- Sumitomo Chemical Co., Ltd.
- Ginkgo Bioworks Holdings, Inc.
- Vestaron Corporation
Methodology
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