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Beneficial Insects Market by Application (Crop protection, Crop production), Type (Predators, Parasitoids, Pathogens, and Pollinators), Crop Type (Fruits & Vegetables, Flowers & Ornamentals, and Grains & Pulses) and Region - Global Forecast to 2028

08-31-2023 07:49 AM CET | Energy & Environment

Press release from: ReportsnReports

Beneficial Insects Market

Beneficial Insects Market

According to Researcher, the beneficial insects market is projected to reach USD 1,630 Million by 2028 from USD 877 Million by 2023, at a CAGR of 13.2% during the forecast period in terms of value. The rising demand for organic farming increases the rise in demand for beneficial insects. Numerous factors influence the growth of the beneficial insects market. First, Increasing environmental concerns drive the adoption of beneficial insects and Growing demand for pest-specific bio-control agents drive the adoption of beneficial insects.

"By type, predators are projected to dominate during the forecast period."

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Predators are projected to dominate the beneficial insect market. With increasing concerns over the environmental and health impacts of chemical pesticides, there is a growing demand for sustainable pest control solutions. Predatory insects such as ladybugs, lacewings, and parasitic wasps offer a natural and effective alternative to chemical-based interventions. These predators specifically target and consume pests, providing targeted control without harming beneficial organisms or pollinators. The rise of integrated pest management (IPM) practices further supports the dominance of predators in the market as farmers increasingly adopt holistic and eco-friendly approaches to crop protection. As consumers prioritize sustainable agriculture, the market for predator-based solutions is expected to witness significant growth in the coming years.

"By application, the market for crop protection is projected in high market share."

Beneficial insects for crop protection are projected to secure a substantial market share soon. As the global demand for sustainable and eco-friendly agricultural practices continues to grow, the significance of harnessing the power of beneficial insects becomes increasingly apparent. These natural allies, including ladybugs, lacewings, and parasitic wasps, offer efficient and targeted pest control solutions while minimizing reliance on chemical pesticides. With heightened awareness surrounding the detrimental effects of conventional pesticides on human health and the environment, the market for beneficial insects in crop protection is poised for rapid expansion. The industry's shift towards embracing these natural predators underscores the recognition of their invaluable role in ensuring crop health and productivity in a sustainable manner.

"By crop type, rise in demand for organic farming increased demand for the beneficial insects in fruits and vegetable cultivation."

The surge in demand for organic farming has led to a notable increase in the demand for beneficial insects in fruits and vegetable cultivation. As consumers increasingly prioritize healthier and more sustainable food options, the market for organic produce has witnessed significant growth. To meet the strict guidelines and requirements of organic certification, farmers are turning to natural and eco-friendly methods of pest control. Beneficial insects, such as ladybugs, lacewings, and parasitic wasps, offer an effective and chemical-free solution for managing pests in organic crops. By introducing these natural predators into their fields, farmers can maintain pest populations at bay while adhering to organic farming principles. This growing demand for beneficial insects highlights the pivotal role they play in supporting the sustainable production of fruits and vegetables, satisfying the needs of health-conscious consumers, and promoting a greener agricultural industry.

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