The Asia Pacific Bioinsecticides Market would witness market growth of 10.0% CAGR during the forecast period (2023-2030).In the year 2021, the Asia Pacific market's volume surged to 687.8 Kilo Litres, showcasing a growth of 2.1% (2019-2022).
The plant-based product contains plant incorporated protectants (PIPs), a genetic substance incorporated into plants. In this procedure, the Bt pesticidal protein gene is incorporated into the plant's genetic material; consequently, the plant produces the substance that kills insects.
Pyrethrum, a common bioinsecticide derived from chrysanthemum cinerariaefolium flowers, is effective against aphids, whiteflies, thrips, and other insects. Thus, bioinsecticides provide a safer and more sustainable method of pest control that is less harmful to the environment and human health.
Increasing awareness of environmental and health concerns associated with chemical pesticides has driven the demand for sustainable agricultural practices. Microbial bioinsecticides offer a viable solution by providing effective pest management while minimizing harm to non-target organisms and the environment. Microbial bioinsecticides are often integrated into IPM systems, which combine various pest management strategies for a holistic approach. This trend will continue as farmers seek comprehensive, long-term solutions to pest problems.
Growing environmental consciousness in Asia has led to a shift towards more sustainable agricultural practices. Bioinsecticides have a minimal ecological impact and are an attractive alternative to chemical pesticides. Some countries in the Asia Pacific region have implemented stricter regulations on chemical pesticide use due to health and environmental concerns. This has encouraged farmers to explore bioinsecticides as a compliant and safer pest management solution. Therefore, the increasing usage of bioinsecticides in the expanding agricultural sector will drive the growth of the market in the coming years.
The China market dominated the Asia Pacific Bioinsecticides Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $18.6 Million by 2030. The India market is anticipated to grow at a CAGR of 10.4% during (2023 - 2030). Additionally, The Indonesia market would register a CAGR of 10.9% 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 China, India, Indonesia, Australia, South Korea, Japan, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Bioinsecticides Market is Projected to reach USD 189.9 Million by 2030, at a CAGR of 10.2%
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
By Source (Volume, Kilo Litres, USD Thousands, 2019-2030)
By Application (Volume, Kilo Litres, USD Thousands, 2019-2030)
By Country (Volume, Kilo Litres, USD Thousands, 2019-2030)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 