Chicago, Feb. 26, 2024 (GLOBE NEWSWIRE) -- The Beneficial Insects Market refers to the industry involved in the production, distribution, and utilization of beneficial insects for agricultural purposes. Beneficial insects are organisms such as ladybugs, lacewings, predatory mites, and parasitic wasps that can help control pests in agricultural crops through biological control methods. The beneficial insects market is projected to reach USD 1,630 million by 2028 from USD 877 million in 2023, at a CAGR of 13.2% during the forecast period in terms of value.
This market has grown in significance due to increasing interest in sustainable agriculture and organic farming practices, which aim to reduce reliance on chemical pesticides. Beneficial insects offer a natural and environmentally friendly alternative for pest management, contributing to healthier ecosystems and reducing the environmental impact of agriculture.
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Beneficial Insects Market Growth
- Increasing Demand for Organic Food: With a growing consumer preference for organic and chemical-free food products, there's a rising demand for sustainable pest control methods. Beneficial insects, such as ladybugs, lacewings, and predatory mites, offer an eco-friendly alternative to chemical pesticides.
- Government Regulations: Strict regulations regarding the use of chemical pesticides, along with bans on certain harmful substances, have propelled the adoption of biological pest control methods. Many governments around the world are incentivizing farmers to adopt integrated pest management (IPM) strategies, which include the use of beneficial insects.
- Expansion of Integrated Pest Management (IPM) Practices: Integrated pest management is gaining traction in the agriculture and horticulture sectors. This approach focuses on combining various pest control methods, including biological control using beneficial insects, to minimize pesticide use and environmental impact while maintaining crop yield and quality.
- Advancements in Rearing and Distribution Technologies: Innovations in rearing and distribution technologies have made it easier and more cost-effective for farmers to access beneficial insects. Companies specializing in the mass production and distribution of beneficial insects have been investing in research and development to improve breeding techniques, packaging, and transportation methods.
- Awareness and Education: Increased awareness among farmers about the benefits of beneficial insects in pest management has contributed to market growth. Education initiatives, workshops, and training programs conducted by agricultural extension services, universities, and private organizations have helped disseminate information about the effectiveness and proper use of beneficial insects.
- Expanding Application in Non-Agricultural Sectors: Beneficial insects are not only used in agriculture but also find applications in other sectors such as forestry, landscaping, and greenhouse management. As awareness of their benefits spreads across various industries, the market for beneficial insects is expected to diversify and expand further.
Beneficial Insects Help in Crop Protection in Fruits and Vegetables
Beneficial insects play a crucial role in protecting crops, particularly in the fruits and vegetables segment, through various mechanisms that contribute to pest management and overall plant health.
- Natural Predation: Beneficial insects, such as ladybugs, lacewings, and predatory beetles, act as natural predators of common pests like aphids, caterpillars, and whiteflies. By preying upon these pests, they help control their populations, thereby reducing the damage inflicted on fruit and vegetable crops.
- Biological Control: Some beneficial insects, like parasitic wasps and nematodes, parasitize or infect pest species, effectively reducing their numbers. This biological control mechanism provides a sustainable and eco-friendly alternative to chemical pesticides, minimizing harm to beneficial organisms and the environment.
- Pollination: Many beneficial insects, including bees and butterflies, contribute to pollination, which is essential for the reproduction and fruiting of many fruit and vegetable crops. By aiding in pollination, these insects indirectly enhance crop yield and quality.
- Soil Health: Certain beneficial insects, such as earthworms and predatory mites, contribute to soil health by aerating the soil, breaking down organic matter, and controlling soil-dwelling pests. Healthy soil promotes robust plant growth and resilience to pests and diseases.
- Pest Monitoring: Beneficial insects can also serve as indicators of pest activity. For example, the presence of certain parasitic wasps may signal the presence of specific pest species. Farmers can use this information to implement timely pest management strategies, such as releasing additional beneficial insects or adjusting cultural practices.
The Asia-Pacific region is poised to significantly boost the market growth of beneficial insects during the forecast period through several key factors:
- Growing Demand for Sustainable Agriculture: There is an increasing recognition of the importance of sustainable agriculture in the Asia-Pacific region due to concerns about food security, environmental degradation, and human health. As a result, there is a rising demand for natural and eco-friendly pest management solutions like beneficial insects.
- Adoption of Integrated Pest Management (IPM): Integrated Pest Management practices are gaining traction among farmers in the Asia-Pacific region. IPM emphasizes the use of biological control agents, including beneficial insects, alongside other non-chemical methods to manage pest populations effectively. This approach aligns with the region's goals of reducing reliance on chemical pesticides and promoting environmentally friendly farming practices.
- Government Support and Policies: Governments and agricultural authorities in the Asia-Pacific region are increasingly promoting the use of beneficial insects as part of sustainable agriculture initiatives. Supportive policies, subsidies, and incentives for farmers who adopt biological control measures contribute to the growth of the beneficial insects market.
- Rising Awareness and Education: There is a growing awareness among farmers, agricultural professionals, and consumers in the Asia-Pacific region about the benefits of beneficial insects in crop protection. Educational programs, training workshops, and information campaigns raise awareness about the ecological importance and effectiveness of beneficial insects, driving their adoption in agriculture.
- Expansion of Organic Farming: The Asia-Pacific region has witnessed a steady expansion of organic farming practices driven by consumer demand for pesticide-free and environmentally sustainable produce. Beneficial insects are integral to organic farming systems as natural pest control agents, further driving their market growth in the region.
Overall, the Asia-Pacific region's favorable socio-economic conditions, increasing awareness of sustainable agriculture, supportive government policies, and expanding organic farming sector collectively contribute to boosting the market growth of beneficial insects in crop protection during the forecast period.
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Top Companies in Beneficial Insects Industry
The key players in this include Applied Bio-nomics Ltd (Canada), Biobest Group NV (Belgium), Bioline AgroSciences Ltd (UK), Fargro Limited (UK), Andermatt Group AG (Switzerland), ARBICO Organics (US), BioBee Ltd (Israel), BIONEMA (UK), Koppert (Netherlands), Tip Top Bio-Control (US). These players in this market are focusing on increasing their presence by extending their product portfolio. These companies have a strong presence in North America, Asia Pacific, and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
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