Beneficial Insect Trends and Forecast
The future of the global beneficial insect market looks promising with opportunities in the crop protection and crop production markets. The global beneficial insect market is expected to reach an estimated $1.7 billion by 2030 with a CAGR of 11.8% from 2024 to 2030. The major drivers for this market are growing enthusiasm for organic food choices, rising demand for sustainable pest control, and continuous technological advancement in rearing systems.
• Lucintel forecasts that predators will remain the largest segment over the forecast period.
• Within this market, crop protection will remain the larger segment over the forecast period.
• North America will remain the largest region over the forecast period.
A more than 150-page report is developed to help in your business decisions.
Emerging Trends in the Beneficial Insect Market
New areas of growth within the beneficial insect market show progression in technology, sustainability, and the integrated pest management (IPM) approach.
• Technological Advancements: New developed rearing and application technologies which improve the functional efficiency as well as functional effectiveness of other beneficial insects.
• Increased Adoption of IPM: Increasing usage of beneficial insects in pest control systems which are more sustainable and comprehensive than traditional methods of pest control.
• Focus on Sustainability: Increasing the use of beneficial insects for pest management as the biological control of pests due to the growing need for green alternatives to chemicals.
• Customized Solutions: Innovation of new crops specific beneficial insects for effective pest management.
• Enhanced Delivery Systems: Improvement in distribution and delivery systems or strategies so that the range and effectiveness of beneficial insects in diverse agricultural systems are enhanced.
The upcoming trends in the beneficial insects market are helped by technological advancements, improved sustainability, and efficiency of the target market using new applications, which call for moving more towards integrated pest management.
Recent Developments in the Beneficial Insect Market
Recent information pertaining to the growth of beneficial insects market highlights developments in the areas of production, application, and research of beneficial insects enhancing the growth of sustainable pest control strategies.
• Increase in the Number and Capacity of Facilities: Increase in the number and size of the facilities engaged in the commercial production of beneficial insects.
• Improvements in the Breeding Techniques: Better techniques for the breeding and multiplication of the useful insects so that their efficiency and functionality are improved.
• Use of Beneficial Insects in IPM Programs: Increased implementation of beneficial insects in the frameworks of IPM programs but in combination with different biocontrol approaches.
• Government Approaches: Policies and funds available at the national level which facilitate the use and investigation of beneficial insects for agriculture.
• Research and Development: Continued investigative studies aimed at achieving the introduction of new beneficial insect species and using them more effectively on certain pests.
• Awareness Campaigns: Efforts taken to show the farmers or farming professionals that there exists a possibility of use of beneficial insects.
• Experimental Approach: Growing trend of primarily incorporating beneficial insects in agricultural systems in an effort to minimize the over application of synthetic pesticides.
The current trends in the beneficial insect market demonstrates the development of its production, research, and dependencies on integration with IM systems among other factors which are due to sustainability and positive government policy.
Strategic Growth Opportunities for Beneficial Insect Market
Growth opportunities in the beneficial insect market involve the use of technology in the pest market, increasing the range of application, and developing all-round cooperation.
• Emerging Markets: Focusing on developing emerging markets with increasing populations and expanding agriculture sectors that require ecologically acceptable fast moving pests management alternatives.
• Advanced Rearing Technologies: Engaging in advanced rearing technologies in order to improve the quantity and quality of beneficial insects produced.
• Specialized Applications: Creating packaged solutions for specified crops and pest challenges in order to meet the broader agricultural market requirements.
• Public-Private Partnerships: Strengthening cooperation with state bodies, which include private companies and research institutions, in order to implement innovative and market development.
• Enhanced Distribution Networks: Development and improvement of distribution and bringing systems for accessibility and effectiveness in the use of beneficial insects.
• Educational Outreach: Extending practical and education programs for farmers on the advantages and use of these beneficial insects.
• Regulatory Compliance: Regaining and utilizing the facilitating and more accommodating statutes that aim at the integration of beneficial insects into agricultural practices.
There are specific strategies aimed at fostering growth of the beneficiary insect industry by venturing into this markets, investing in technology, and enhancing partnerships in industrial applications.
Beneficial Insect Market Driver and Challenges
The beneficial insect market is affected by several drivers as well as faced by certain challenges which affect its growth and development.
The factors responsible for driving the beneficial insect market include:
1. Sustainability Trends: Growing inclination towards the organic methods of pest control is shifting the market toward beneficial insects from chemical ones.
2. Integrated Pest Management: Increased integration of pest management systems where beneficial insects are employed for effective pest management.
3. Government Support: Gaps and opportunities such as government policies and funding that promote the applications of biological control measures are supportive.
4. Technological Advancements: Improvement of rearing and application techniques increasing the productive integration and functionality of beneficial insects.
5. Market Expansion: Upsurge of awareness and acceptance of the use of beneficial insects in new regions and different agricultural industries.
Challenges in the beneficial insect market are:
1. Market Saturation: Over saturation and competitive nature in the industry resulting in price competition and challenges in establishing difference among products.
2. Complexity in Rearing: The difficulties that arise from the rearing and production of insect beneficial to humans.
3. Consumer Education: Unless and until proper education and awareness programs are implemented, beneficial insects would not be utilized and integrated properly by the society.
4. Regulatory Gap: Compliance with legislative and normative documents connected with the use and trading of beneficial insects.
5. Quality Assurance: The issue of recurrent and effective use of beneficial insects across various settings without variance in their quality and effectiveness.
Sustainability trends, government support and technological development are main drivers of the beneficial insect market, but the market faces several challenges – saturation, complexity of their rearing processes and regulatory barriers. Unless these barriers are removed, and the market drivers harnessed, continued progress will be unlikely.
List of Beneficial Insect Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies beneficial insect companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the beneficial insect companies profiled in this report include-
• Applied Bionomics
• Biobest
• Bioline AgroSciences
• Fargro
• Andermatt
• ARBICO Organics
• BioBee
• BIONEMA
• Koppert
• Tip Top Bio-Control
Beneficial Insect by Segment
The study includes a forecast for the global beneficial insect by type, crop type, application, and region.
Beneficial Insect Market by Type [Analysis by Value from 2018 to 2030]:
• Predators
• Parasitoids
• Pathogens
• Pollinators
Beneficial Insect Market by Crop Type [Analysis by Value from 2018 to 2030]:
• Fruits & vegetables
• Flowers & ornamentals
• Grains and pulses
Beneficial Insect Market by Application [Analysis by Value from 2018 to 2030]:
• Crop Protection
• Crop Production
Beneficial Insect Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Beneficial Insect Market
Below content on beneficial insect market industry by producers recent developments in these regions USA, China, India, and Japan.
• USA: The USA is one of the leading country where beneficial insects market is growing at quite a rapid pace owing to the factors like rising cognizance towards sustainable agriculture and integrated pest management (IPM). Some recent advancements are in the area of production and released exploitation of lady bird beetles (ladybugs), lacewing, predatory mites and other natural pest management agents. The market is also seeing a growing preference for biological control methods in greenhouse vegetable and organic farming. In addition, there is also increasing pressure for the development of new and more effective and efficient biological control agents. A number of companies are investing in the new devices for improving the application of biological control agents.
• China: China has the potential to be a big beneficial insect industry due to its huge agriculture market and enhancement of sustainable methods of agriculture. Recent directions in China include the projects of growing new Beneficial insect production facilities and increasing using these insects on Large Scale commercial farming. Recent trends in the development of the market include the research and use of insects like predatory beetles and parasitoid wasp in pest control. There are favorable government policies that promote the use of integrated pest management approaches that do not harm the environment hence increasing the market. Furthermore, there is an increasing intention of using other biocontrol agents to assist beneficial insects for improved pest management.
• India: The U.S. has welcomed and accepts the positive trend of mechanization in the Indian agriculture sector and the advantageous market for beneficial insects is increasing since the farmers and other agricultural stakeholders are exploring other options away from chemical pesticides. New market developments include the introduction of inexpensive and targeted beneficial insects for entomology pest control where accurate control is required such as cotton and vegetables using trichogramma wasps and nematodes. Expectations for the growth of the market are also driven by active government programs and non-governmental organizations aimed at selected agricultural areas. Efforts are also being made to sensitize farmers on how to use such insects for their farms. Moreover, there are also expanding supply chains and partnerships for manufacturing and supply.
• Japan: In Japan, the market for beneficial insects is developing depending on the high-tech measures to control the pest. New trends have also been the training of farmers to use particular rearing methods and investigations on improving beneficial insects like predatory mites and parasitic wasps for effective biological control. The market is also seeing more emphasis in the integration of beneficial insects in the IPM especially in greenhouse and high worth crops. Strong emphasis is laid on research and development as well as quality management through a partnership between research training institutes and industries. In addition, Japan aims to create new beneficial insect species to meet new pest threats.
Features of the Global Beneficial Insect Market
Market Size Estimates: Beneficial insect market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Beneficial insect market size by type, crop type, application, and region in terms of value ($B).
Regional Analysis: Beneficial insect market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, crop types, applications, and regions for the beneficial insect market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the beneficial insect market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What is the beneficial insect market size?
Answer: The global beneficial insect market is expected to reach an estimated $1.7 billion by 2030.
Q2. What is the growth forecast for beneficial insect market?
Answer: The global beneficial insect market is expected to grow with a CAGR of 11.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the beneficial insect market?
Answer: The major drivers for this market are growing enthusiasm for organic food choices, rising demand for sustainable pest control, and continuous technological advancement in rearing systems.
Q4. What are the major segments for beneficial insect market?
Answer: The future of the beneficial insect market looks promising with opportunities in the crop protection and crop production markets.
Q5. Who are the key beneficial insect market companies?
Answer: Some of the key beneficial insect companies are as follows:
• Applied Bionomics
• Biobest
• Bioline AgroSciences
• Fargro
• Andermatt
• ARBICO Organics
• BioBee
• BIONEMA
• Koppert
• Tip Top Bio-Control
Q6. Which beneficial insect market segment will be the largest in future?
Answer: Lucintel forecasts that predators will remain the largest segment over the forecast period.
Q7. In beneficial insect market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the beneficial insect market by type (predators, parasitoids, pathogens, and pollinators), crop type (fruits & vegetables, flowers & ornamentals, and grains and pulses), application (crop protection and crop production), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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