Global Beneficial Insects Market - 2023-2030

Overview:

Global Beneficial Insects Market reached US$ 812.1 million in 2022 and is expected to reach US$ 1975.1 million by 2030, growing with a CAGR of 11.7% during the forecast period 2023-2030.

Nowadays sustainable pest control methods are becoming more popular as there is a growing concern about the negative impacts of chemical pesticides on the environment. Beneficial insects, such as ladybugs, lacewings and parasitoid wasps, provide an eco-friendly substitute for traditional chemical pesticides. In February 2023, European regulators introduced a new initiative that will update E.U. strategies to halt the steady decline of pollinator insects.

The rise in organic farming and gardening practices has created a favorable market for beneficial insects. Organic farmers often rely on beneficial insects to control pests naturally and avoid the use of synthetic chemicals, in line with organic certification standards. As awareness about the benefits of using beneficial insects for pest control spreads, more farmers and gardeners are willing to adopt these solutions.

Dynamics:

Growing Organic Farming Practices

Growing organic farming practices play a significant role in driving the growth of the beneficial insects market. There is a growing emphasis on the use of natural inputs and techniques to promote soil health which boosts the organic farming industry. According to the FiBL survey 2021, Having 2.30 million ha., 30% of total organic producers belong to India. Beneficial insects are an integral part of organic farming practices since they provide a sustainable and environmentally friendly means of pest control alternative to chemical pesticides.

Organic farmers and growers depend on natural and non-toxic strategies to control pests since the use of chemical pesticides is prohibited in organic agriculture. Beneficial insects, like ladybugs, parasitoid wasps and predatory mites, offer an efficient manner to manage pests naturally without leaving any harmful residues on crops or in the soil, making them safe for human consumption.

Rise in Crop Loss due to Various Pest Problems

The rise in crop loss due to various pest problems is a significant driver behind the growth of the Beneficial Insects Market. Pest can lead to potential damage to both crop and soil resulting in reduced crop yield. For instance, according to the Food and Agriculture Organization of the United Nations, pests cause 20-40% of the world's crop loss. Annually, plant diseases and invasive insects cost the world economy around $220 billion and $70 billion respectively.

Over time, pests can develop resistance to chemical pesticides, rendering these conventional methods less efficient. As a result, farmers face challenges in controlling pest populations and preventing crop damage. Beneficial insects offer an alternative approach to managing pests, which can be more effective in such situations.

Lack of Knowledge and Implementation Challenges

Many farmers have been using conventional chemical pesticides for decades and are not aware of the benefits of beneficial insects as an alternative pest management strategy. Long-standing farming traditions and practices can be resistant to change, hindering the adoption of new and unfamiliar methods.

There is a growing demand for chemical pesticides which creates a well-established market for them. According to USDA, annually, more than 1 billion pounds of pesticides are used in the United States and approximately 5.6 billion pounds are used globally. The lack of awareness and understanding of the benefits and effectiveness of beneficial insects among farmers and consumers can hinder their widespread adoption.

Segment Analysis:

The global beneficial insects market is segmented based on type, crop, packaging, distribution channel, application and region.

Rising Demand for Predatory as Biological Control of Pests

Predatory beneficial insects are natural enemies of various pest species and play a crucial role in the biological control of pests. These predators consume pest insects, helping to reduce their populations and prevent crop damage. Some common examples of predatory beneficial insects include ladybird beetles, lacewings, amphibolites, syrphid flies, etc.

According to the Tea Research Association, annually, 2865 crore of revenue loss is due to pest infestation in tea plantations. Many predators often attack different life stages of pests and also different pest species which reduces the loss caused by pests. A sprayable formulation, predafix + offered by Bioline Agrosciences, is designed to improve the number of beneficial mites, their distribution and homogeneity on crops which increases the demand for predatory among farms.

Source: DataM Intelligence Analysis (2023)

Geographical Penetration:

North America's Diverse Agricultural Practices

North America is known for its diverse agricultural practices, including large-scale field crops, horticultural production and greenhouse agriculture. The versatility of beneficial insects makes them suitable for various agricultural settings, contributing to their higher adoption rates. In North America, nearly 2,000 species of ground beetles support crops by preying on insect pests and eating the seeds of bothersome weeds in the surrounding soil.

North America has witnessed a significant shift towards sustainable agricultural practices. For instance, in May 2023, US Bunge and Nutrien Ag announced an alliance to support sustainable farming practices. Beneficial insects align well with this focus on environmentally friendly and ecologically balanced approaches to pest management. Hence, the focus on sustainable agriculture demands various beneficial insects in the agricultural field which drives their market in the region.

Source: DataM Intelligence Analysis (2023)

Competitive Landscape

The major global players include: Biobest Group NV, Bioline AgroSciences Ltd, Andermatt Group AG, ARBICO Organics, BioBee Ltd, Koppert, Dudutech, Associates Insectary, Tip TopAg, IPM Laboratories, Inc.

COVID-19 Impact Analysis:

COVID Impact

The pandemic and associated lockdowns led to disruptions in supply chains and transportation networks. This disruption has affected all the agricultural activities which in turn impacted the beneficial insect market growth. The pandemic's impact on labor availability and mobility affected the availability and timely distribution of beneficial insects to farmers and growers, especially in regions that heavily rely on imports.

By Type

• Predators
  • Ladybird Beetles
  • Ground Beetles
  • Lacewings
  • Others

• Parasitoids
  • Wasps
  • Flies
  • Others

• Pollinators
  • Honeybees
  • Leafcutter Bees
  • Butterflies
  • Moths
  • Others

• Pathogens

By Crop

• Fruits & Vegetables
• Flowers & Ornamentals
• Grains & Pulses

By Packaging

• Sachets
• Tube
  • Cardboard Tube
  • Plastic Tube

• Others

By Distribution Channel

• Company-Owned Stores
• E-Commerce
• Specialty Stores
• Others

By Application

• Crop Protection
• Crop Production

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• In April 2023, Natural Grocers launched the Sixth Annual Ladybug Love Campaign. Customers are invited to take the Ladybug Love Pledge for the protection of beneficial insects and create pesticide-free local parks during Earth Month.
• In April 2023, the University of Saskatchewan (USask) introduced the University of Saskatchewan Insect Research Facility (USIRF), the first insect research facility with quarantine capabilities in a Western Canadian university. The university's research will help improve Canadian agriculture, protect the environment and offer fundamental insight into insect ecology.
• In September 2020, the Prairie Pest Monitoring Network (PPMN) launched a new website. This new website predicts insect risk, monitors insect population and information on scouting, chemical controls and more

Why Purchase the Report?

• To visualize the global beneficial insects market segmentation based on type, crop, packaging, distribution channel, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of beneficial insects market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global beneficial insects market report would provide approximately 77 tables, 78 figures and 203 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies