The global demand for Beneficial Insects Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Beneficial insects are also known as beneficial bugs, are any of a number of species of insects that perform valued services like pollination and pest control. In farming and agriculture, where the aim is to raise selected crops, insects that hinder production are classified as pests, while insects that assist production are considered beneficial. Companies specializing in biological pest control sell many types of beneficial insects, particularly for use in enclosed areas, like greenhouses.
The demand is mainly driven by factors such as the rise in need for food security due to the growing population, rapid growth in demand for organic products, changes in farming practices from traditional to conventional. Further, growth in demand for pest-specific bio-control agents and an increase in environmental concerns is another factor that propels the market. In addition to this, rising awareness about the benefits of organic products among the end consumers, adoption of IPM practices, advancement in farming technology, and an increase in environmental concerns lead to the growth of the market. However, short shelf life & requirement of professional training act as restraints to the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of beneficial insects.
The entire beneficial insects market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Crop Protection
- Crop Production
This section covers regional segmentation which accentuates on current and future demand for beneficial insects market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Beneficial Insects Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the beneficial insects market include Dudutech Ltd., Koppert BV, BioBest NV, Applied Bio-Nomics Ltd., Bioline AgroSciences Ltd., Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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