The North America bioinsecticides market size is expected to reach USD 2.32 billion in 2024 and reach USD 5.24 billion by 2029, growing at a CAGR of 17.7% from 2024 to 2029.
Bioinsecticides are organic formulations that are used to kill pests or insects which cause damage to crops. They are completely different from synthetic insecticides. They contain live bacteria which produces toxins that kill insects and bugs. These toxins don’t have harmful effects on humans or the environment. Unlike these chemical insecticides, these bio-insecticides give everlasting protection to crops and also soil.
Factors such as a rise in crop loss due to insects and diseases, changing farming practices, the development of pest resistance to various chemicals, and increasing demand for eco-friendly products are driving the North American market. However, some of the factors, like the Stringent Regulations on pesticide use, are slowing down the growth of the North American market.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
17.7 % |
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Segments Covered |
By Type, Crop Type, Mode of Application, Formulation and Mechanism and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
The US, Canada, and the Rest of North America |
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Market Leaders Profiled |
Valent Biosciences Corporation, Syngenta AG, Bayer Crop Science AG, E. I. du Pont de Nemours and Company, Novozymes A/S, and Koppert B.V. |
This research report on the North American bioinsecticides market is segmented and sub-segmented into the following categories.
North America Bioinsecticides Market – By Type:
North America Bioinsecticides Market – By Crop Type:
North America Bioinsecticides Market – By Mode of Application:
North America Bioinsecticides Market – By Formulation and Mechanism:
North America Bioinsecticides Market – By Country:
North America has the highest share in the market owing to the developed agricultural practices.
KEY MARKET PLAYERS:
Some of the Major Players in this market are Valent Biosciences Corporation, Syngenta AG, Bayer Crop Science AG, E. I. du Pont de Nemours and Company, Novozymes A/S, and Koppert B.V.
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