Beneficial Insects (Macrobials) Market by Type (Predators, Parasitoids, Pathogens, and Pollinators), Application (Crop Protection and Crop Production), and Region - Global Forecast to 2022
May 02 2017
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The beneficial insects (macrobials) market is projected to grow at a CAGR of 10.4% to reach USD 788.0 Million by 2022. The market growth is driven by the rising demand for organic food, need for food security for the growing population, advancement in farming practices and technologies, and heavy crop loss due to pest problems. The market is further driven by factors such as increasing demand for pest-specific bio control agents, along with increasing acceptance for Integrated Pest Management (IPM) by the farmers, and high opportunities in developing countries.
On the basis of type, the beneficial insects (macrobials) market is led by predators, followed by parasitoids and pollinators. The predators lead the market as they destroy and feed upon many preys (pest/insects) during their lifetime or during their development. They capture and eat other organisms such as insects or mites. Predators include ladybird beetles, ground beetles, lacewings, syrphid (hover) flies, aphid midges (Aphidoletes), and yellowjacket wasps. Parasitoids are insects that parasitize other insects. The immature stages of parasitoids develop on or within its host, eventually killing it. Parasitoids may attack all life stages of their host.
The beneficial insects (macrobials) can be used in both crop protection as well as crop production; however, it is mostly used in crop protection from harmful pests. Crop protection application is projected to grow at the higher CAGR during the forecast period. The demand is driven by factor such as ecofriendly nature of microbial pesticides and increasing demand for organic food products.
In 2016, in terms of volume, North America accounted for the largest market share in beneficial insects (macrobials) market, followed by Europe and Asia-Pacific. Increasing awareness about the benefits of organic products among the consumers, adoption of IPM practices, advancement in farming technology, and increase in environmental concerns is leading to the growth of the market in this region. The beneficial insects (macrobials) market in the Asia-Pacific region is projected to grow, with investments from several multinational manufacturers. Moreover, extensive R&D initiatives have been undertaken for exploring the new varieties of beneficial insects and their effective control methods.
The stakeholders for the report include the following:
- Beneficial insects (macrobials) suppliers
- Beneficial insects (macrobials) importers and exporters
- Beneficial insects (macrobials) traders and distributors
- Government, research organizations, and universities
- Associations and industry bodies such as the United States Department of Agriculture (USDA), Food and Agriculture Organization (FAO), Department of Environment, Food and Rural Affairs (DEFRA), Environmental Protection Agency (EPA), and European Crop Protection Association (ECPA)
“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”
Scope of the Report
- This study estimates the global market of beneficial insects (macrobials), in terms of USD, through 2022.
- It offers a detailed qualitative and quantitative analysis of this market with reference to the competitive landscape, and the preferred development strategies such as agreements, expansions, mergers, and acquisitions to gain a larger share in the market.
- It provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market.
- It covers various important aspects of the market. These include analysis of the value chain, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the beneficial insects (macrobials) Market.
The beneficial insects (macrobials) market has been segmented as follows:
On the basis of Type:
On the basis Application:
- Crop protection
- Crop production
On the basis of Region:
- North America
- Latin America
- RoW (South Africa and Persian Gulf countries and Central Asian countries)
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