The Europe Bioinsecticides Market would witness market growth of 10.8% CAGR during the forecast period (2023-2030).In the year 2020, the Europe market's volume surged to 369.1 Kilo Litres, showcasing a growth of 2.7% (2019-2022).
Bioinsecticides control pests in a manner distinct from that of synthetic pesticides. Some bioinsecticides, for instance, contain spores or toxins that attack specific pest species or life phases. In contrast, others can change the pest's behavior to make it simpler to control or reduce pest populations by interfering with mating behavior.
Compared to synthetic chemical pesticides, the product has a low environmental impact, one of its primary advantages. Bioinsecticides are selective in their effects and tend to target the nuisance species of concern, thereby reducing the likelihood of affecting non-target organisms. In addition, applying bioinsecticides does not leave hazardous residues in the environment.
Consumers are getting more aware of the food they consume and the environmental impact of agricultural practices. As a result, there's a trend toward products produced using sustainable and eco-friendly methods, including bioinsecticides in agriculture. Stringent regulations and restrictions on chemical pesticides, especially those with potential health and environmental risks, have prompted farmers to explore safer alternatives like bioinsecticides.
The adoption of bioinsecticides in Europe has been steadily increasing over the years, driven by factors such as environmental concerns, regulatory changes, consumer preferences, and a growing emphasis on sustainable agriculture. Stricter regulations on chemical pesticide use, concerns about pesticide residues in food, and environmental protection directives have prompted European farmers to explore alternative pest management options like bioinsecticides. The European organic food sector has been expanding, and bioinsecticides are integral to organic farming practices due to their compatibility with organic certification requirements. Thus, the growing inclination towards the adoption of clean and organic agricultural practices is promoting the growth of the market.
The Russia market dominated the Europe Bioinsecticides Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $14.7 Million by 2030. The France market is estimated to witness a CAGR of 9.9% during (2023 - 2030). Additionally, The Germany market would showcase a CAGR of 11.9% 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 Russia, France, Germany, Poland, UK, Italy, and Rest of Europe
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)
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