The Europe bioinsecticides market size is expected to reach USD 2.99 billion in 2024 and reach USD 6.83 billion by 2029, growing at a CAGR of 18% from 2024 to 2029.
Insecticides are a kind of pesticides used to kill insects that cause damage to crops. Bioinsecticide is a biological-based insecticide is used to control insects and disease carriers like ticks, spiders, rats, etc., and is environmentally friendly. Every pest has its natural enemy which can be used to kill it. These Bioinsecticides are alternatives to some of the synthetic insecticides which pollute the environment and affect humans.
Major factors driving the market are the rise in crop loss due to insects and diseases, changing farming practices, and the development of pest resistance to various chemicals are some of the major factors driving the market. However, some of the factors like the Stringent Regulations on pesticide use is limiting the growth of the market.
Valent Biosciences Corporation, Syngenta AG, Bayer Crop Science AG, E. I. du Pont de Nemours and Company, Novozymes A/S, Koppert B.V. some of the market players that are dominating the Europe bioinsecticides market.
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