According to a new report, published by KBV research, The Global Bioinsecticides Market size is expected to reach $189.9 million by 2030, rising at a market growth of 10.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,918.3 Kilo Litres, experiencing a growth of 2.2% (2019-2022).
The Microbials segment is leading the Global Bioinsecticides Market by Source in 2022; thereby, achieving a market value of $102.3 Million by 2030. This is due to their broader spectrum of insect targets and greater effectiveness. Insecticides from microorganisms like bacteria, viruses, and fungi infect and destroy pests without injuring non-target organisms. For example, Beauveria bassiana is a fungus that infects and destroys insects such as termites, ants, and beetles that live in the soil. Metarhizium anisopliae is an additional fungus used to control grasshoppers and locusts.
The Oilseed & Pulses segment is experiencing a CAGR of 10% during (2023 - 2030). Throughout the forecast period, the market is expected to benefit from producers' increasing emphasis on oilseed production. Oilseeds and legumes include a variety of seeds, such as sunflower seeds, soybeans, and leguminous seeds (pulses). Brazil, China, and the United States are the leading producers of oilseeds. Consequently, a substantial demand for bioinsecticides is anticipated from these nations.
The Asia Pacific region dominated the Global Bioinsecticides Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $66.7 Million by 2030. The North America region is anticipated to grow at a CAGR of 9.8% during (2023 - 2030). Additionally, The Europe region would exhibit a CAGR of 10.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/bioinsecticides-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
By Source (Volume, Kilo Litres, USD Thousands, 2019-2030)
By Application (Volume, Kilo Litres, USD Thousands, 2019-2030)
By Geography (Volume, Kilo Litres, USD Thousands, 2019-2030)
Companies Profiled
Unique Offerings 
