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The global bioinsecticides market size is projected to grow at a CAGR of 15.8% from an estimated value of USD 2.2 billion in 2020 to reach USD 4.6 billion by 2025. The increasing area under organic cultivation and growing concerns toward the impact of pesticide use on biodiversity is leading to the growth of the bioinsecticide industry.

The role of Integrated Pest Management (IPM) practices in biological crop protection has been gaining importance worldwide. The government has been supportive of the adoption of bioinsecticides through imposing laws and policies, which are in sync with the sustainability of the environment. Strategic developments such as expansions, new product launches, collaborations, and agreements have been adopted by the majority of key players to strengthen the bioinsecticides market.

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Fruits & vegetables are estimated to form the most important segment in the bioinsecticides market.

Fruits & vegetables form the fastest-growing segment in the bioinsecticides industry. There is high growth in the cultivation of greenhouse high-value crops. The demand for high-quality crops with no residue and an increase in demand for organic food is driving the market growth. With the increasing cultivation, heavy infestation of insect pests in the crops is witnessed, which deteriorates the quality and overall appearance of the produce. This results in a huge loss of crops, leading to a decline in the economy of the countries, especially those that significantly rely on agriculture. Therefore, farmers have been using the bioinsecticides in combination with conventional chemicals, which has helped them in achieving no residue crops with internationally accepted standards.

Foliar spray is estimated to be the fastest-growing segment in the bioinsecticides market.

Foliar spray is projected to be the largest-growing segment during the forecast period from 2020 to 2025. Foliar spray is widely used across the world, due to its easiness and safety in application. It can be applied to the infected area for fairly quick results when compared to other methods. The handling of bioinsecticides in foliar spray has been seamless for farmers, especially in high-value crops. The long shelf-life of foliar spray formulation demands less maintenance, which is driving the growth of the bioinsecticides market.

The increasing demand for bioinsecticides in the North American region is projected to drive the market.

The North American region accounted for the majority of the global bioinsecticides market share in 2019. The US is one of the leading countries for the export of various fruits and vegetables. Consumers are shifting their eating habits to residue-free crop produce. An increase in the awareness of pesticide residue levels in crops is driving the adoption of bioinsecticides. Also, the huge presence of companies in the US has led to investments and research on biological crop protection products.

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Key players in the bioinsecticides market include BASF SE (Germany), Syngenta AG (Switzerland), Marrone Bio Innovations (US), Bayer AG (Germany), Novozymes (Denmark), and Nufarm (Australia).