Beneficial Insect Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

Beneficial Insect Insight:

Beneficial insects, also known as beneficial organisms or biocontrol agents, help control pests, promote pollination, and improve the quality of the soil while providing vital benefits to people, agriculture, and ecosystems. These insects are essential for maintaining ecological balance and natural pest control. In horticulture and agriculture, they are frequently employed as a safe, sustainable alternative to conventional pesticides. Integrated pest management (IPM) initiatives, which seek to reduce the use of chemical pesticides and encourage more natural pest control techniques, frequently employ them. Farmers and gardeners may lessen their reliance on chemical pesticides, maintain biodiversity, and advance a healthier and more sustainable environment by utilizing beneficial insects as part of pest control and ecosystem conservation activities.

Beneficial Insect Market

The beneficial insect market has experienced significant growth in recent years and is projected to continue expanding at a robust rate over the next decade. The worldwide beneficial insect market size was valued at around $400.0 million in 2022 and is predicted to grow at a compound annual rate of growth (CAGR) of 12.6% from 2023 to 2030 to succeed in a worth $1,033.6 million by 2030. This market has been growing steadily as more farmers, greenhouse operators, and gardeners seek sustainable and environmentally friendly alternatives to chemical pesticides and fertilizers. As consumers and policymakers increasingly prioritize eco-conscious solutions, the market for beneficial insects is expected to continue growing, driven by the need for effective pest management and pollination services.

Beneficial Insect Market Growth Drivers:

The growing awareness about the negative environmental impacts of chemical pesticides and fertilizers has led to an increasing demand for sustainable agricultural practices. Beneficial insects offer an eco-friendly alternative to chemical pest control, reducing the use of harmful chemicals and promoting biodiversity.

Integrated Pest Management is gaining traction as a holistic approach to pest control that involves the use of beneficial insects as natural predators or parasites. As more farmers and agricultural practitioners adopt IPM strategies, the demand for beneficial insects increases. Organic farmers rely on natural solutions for pest control, making beneficial insects an essential component of their pest management strategy.

Many governments worldwide are actively promoting sustainable agriculture and the use of beneficial insects through supportive policies, regulations, and financial incentives. These measures encourage farmers to incorporate beneficial insects into their pest management practices.

Technological advancements in rearing, storing, and distributing beneficial insects have made them more accessible and cost-effective for farmers and growers, contributing to market expansion. Ongoing research and development in the field of beneficial insects have led to the discovery of new species, improved rearing techniques, and optimized application methods, expanding their practical applications in agriculture.

Beneficial Insect Market Market Segmentation:

1.       By Insect Type: Predators, Parasitoids, Pathogens, Pollinators

2.       By Crop Type: Fruits & Vegetables, Grains & Cereals, Ornamentals & Flowers, Other Crop Types

3.       By Application: Crop Protection, Crop Production, Research & Education, Other Applications

4.       By End-User: Agriculture, Horticulture, Forestry, Landscaping, Other End-User

5.       By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

Beneficial Insect Market Insect Type Segment Review

The market is divided into Parasitoids, Pollinators, Pathogens, and Predators based on the type of bug it contains. Because predators are market leaders and consume a huge number of prey (pests/insects) during the course of their existence or evolution, they hold a sizable portion of the market share. They capture and consume other animals like insects and mites. Ladybugs, carabines, lacewings, hoverflies, aphid midges (Aphidoletes), and bees are among the predators. Insects that parasitize other insects are known as parasitoids. The immature stage takes place on or inside the host and ultimately causes death. The ability of parasitoids to harm the host at all phases of life is what drives the market's expansion.

Beneficial Insect Market Crop Type Segment Review

According to crop type, the need for beneficial insects in the production of fruits and vegetables rose as organic farming became more popular. The need for beneficial insects in the production of fruits and vegetables has significantly increased as a result of the growth in interest in organic farming. The market for organic produce has seen substantial expansion as customers emphasize healthier and more environmentally friendly eating alternatives. The importance of these helpful insects in assisting the sustainable production of fruits and vegetables, meeting the demands of health-conscious customers, and fostering a more environmentally friendly agricultural business is highlighted by the rising demand for them.

Beneficial Insect Market Application Segment Review

In terms of revenue share, crop protection dominated the market for beneficial insects in 2022. Due to farmers' growing knowledge of the harm pests do to crops, the crop protection market is expected to expand significantly. This service also assists farmers in understanding insect behavior, creating integrated pest control plans, and choosing the right chemicals. The use of biological control agents has been shown successful against a variety of pests, such as whitefly, aphids, moths, etc., and has experienced widespread adoption due to the advantages it offers over chemical pesticides, such as cost-effectiveness and lower usage rates. When it comes to crop security, both beneficial insects and crop pollinators are crucial.

Beneficial Insect Market End-User Segment Review

Agriculture is one of the primary end-users of beneficial insects. Farmers utilize beneficial insects for integrated pest management (IPM) strategies to reduce reliance on chemical pesticides and control pest populations effectively. Horticulture, including greenhouse and nursery production, extensively relies on beneficial insects for pest control and pollination services. Forestry end-users utilize beneficial insects, particularly in tree nurseries and plantations, to manage pest populations and improve seedling health. Landscaping companies and professionals incorporate beneficial insects into their pest management practices for maintaining public parks, gardens, and private landscapes. Beneficial insects are popular among home gardeners who seek eco-friendly pest control options for their vegetable and flower gardens. These insects are studied in research institutions to understand their biology, behavior, and potential applications in sustainable agriculture.

Beneficial Insect Market Regional Synopsis:

North American market is well-established, with several companies specializing in the production and distribution of beneficial insects. It is expected to grow at a CAGR of around 10.4% during the forecast period (2023-2030). The adoption of integrated pest management practices is relatively high in North America, driven by the need to reduce pesticide use and promote sustainable agriculture. The United States and Canada are significant players in the beneficial insect market. Honeybees and bumblebees for pollination services are in high demand due to the extensive agriculture and horticulture industries.

European countries have been at the forefront of promoting sustainable agricultural practices, including the use of beneficial insects for pest control and pollination. The European Union has implemented supportive regulations for the use of beneficial insects as part of integrated pest management strategies. Greenhouse horticulture and organic farming practices drive the demand for beneficial insects in European countries. Countries such as the United Kingdom, Germany, France, and Switzerland have made significant contributions to beneficial insect research and commercialization.

The Asia-Pacific region presents significant growth opportunities with the maximum predicted growth rate at a CAGR of 12.8% during the forecast period for the beneficial insect market. The region has diverse agricultural practices and pest management challenges. Countries like China and India have large agricultural sectors and face increasing demand for sustainable pest control solutions. The use of beneficial insects for pollination services in fruit and vegetable crops is growing in countries like China, Japan, and South Korea.

Latin American countries, such as Mexico, Brazil, and Argentina, are major agricultural producers. The region is witnessing a shift towards sustainable agricultural practices, leading to the adoption of beneficial insects for pest control. Honeybee and bumblebee pollination services are also becoming more prevalent in Latin American agriculture.

The use of beneficial insects is gradually gaining momentum in the Middle East and Africa, driven by the need for sustainable pest management solutions. Countries with significant agricultural sectors, such as Israel and South Africa, are leading in the adoption of beneficial insects. The demand for pollination services is growing in regions with fruit and nut crops that rely heavily on bee pollination.

Beneficial Insect Market Key Challenges:

The effectiveness of beneficial insects in pest control can vary depending on factors such as the pest species, environmental conditions, and crop type. Lack of education and understanding about the appropriate selection, timing, and application of beneficial insects can hinder their effective utilization. Achieving consistent and predictable results may be challenging in some situations.

The initial investment required to introduce beneficial insects into agricultural or horticultural practices can be relatively high. Short shelf life may result in wastage and additional costs for producers and distributors. This may deter some farmers, especially small-scale growers with limited financial resources, from adopting these solutions.

Some pests may have limited natural enemies or effective beneficial insects available for their control. When introducing beneficial insects from one region to another for pest control, there is a risk of unintended consequences, such as introducing non-native species that may become invasive and disrupt local ecosystems. Finding suitable beneficial insects for specific pest issues can be a challenge in certain cases.

Chemical pesticides remain the dominant pest control method in many regions. The widespread use of chemical pesticides may create competition for beneficial insects in the market. Farmers may be hesitant to switch to new practices or may require more time to build trust in the efficacy of beneficial insects.

The quality of commercially available beneficial insects can vary, and there may be a lack of standardization and regulation in the industry. Ensuring the quality and viability of beneficial insects can be a challenge for producers and users.

Beneficial Insect Market Key Global Players:

The competitive landscape of the beneficial insect market is shaped by several factors, including:

·         Companies that invest in research and development to improve the rearing, handling, and distribution of beneficial insects gain a competitive advantage. Innovation in new species identification, breeding techniques, and application methods can set a company apart in the market.

·         Companies with a diverse portfolio of beneficial insect species catering to different pests and crop types can attract a broader customer base. Offering a wide range of beneficial insects enables farmers to find suitable solutions for their specific needs.

·         A robust and efficient distribution network is critical for reaching farmers and end-users effectively. Companies that can cater to customers in multiple regions and countries have a competitive advantage in serving diverse agricultural markets.

·         Compliance with regulatory requirements for the import, export, and use of beneficial insects is vital. Companies that navigate regulatory challenges effectively can access international markets more easily.

·         Collaborations with research institutions, government agencies, and other industry players can foster innovation, market expansion, and access to new technologies. A strong and positive brand reputation built on reliability, effectiveness, and customer satisfaction can give a company a competitive advantage in the market.

Several key global players in the beneficial insect market include:

·         Applied Bio-Nomics

·         Biobest

·         Bioline Agrosciences

·         Fargro

·         Andermatt Biocontrol

·         Arbico Organics

·         Biobee Biological Systems

·         Biological Services

·         Dudutech

·         Natural Insect Control

·         Tip Top Bio-Control

·         Other Players

The report on the beneficial insect market covers the following aspects:

·         Market Overview: A general overview of the global beneficial insect market, including its current size and growth projections for the future.

·         Market Segmentation: A breakdown of the market by insect type, crop type, application, end-user, and geographic region.

·         Market Dynamics: An analysis of the key drivers, challenges, and trends affecting the growth of the beneficial insect market.

·         Competitive Landscape: A comprehensive analysis of the leading players in the beneficial insect market, including their market share, product offerings, and key strategies.

·         Regional Analysis: A detailed analysis of the beneficial insect market by geographic region, including market size, growth projections, and key trends for each region.

·         Company Profiles: In-depth profiles of key players in the beneficial insect market, including their business overview, product offerings, financial performance, and recent developments.

·         Market Forecast: Projections for the future growth of the beneficial insect market, including market size, growth rate, and key trends for the next five to ten years.

 

Attributes	Details
Base Year	2022
Trend Period	2020 – 2030
Forecast Period	2023 – 2030
Pages	215
Insect Type Segment	Predators, Parasitoids, Pathogens, Pollinators
Crop Type Segment	Fruits & Vegetables, Grains & Cereals, Ornamentals & Flowers, Other Crop Types
Application Segment	Crop Protection, Crop Production, Research & Education, Other Applications
End User Segment	Agriculture, Horticulture, Forestry, Landscaping, Other End-User
Company Profiles	Applied Bio-Nomics, Biobest, Bioline Agrosciences, Fargro, Andermatt Biocontrol, Arbico Organics, Biobee Biological Systems, Biological Services, Dudutech, Natural Insect Control, Tip Top Bio-Control, Other Players
Edition	4th edition
Publication	July 2023