The Power of Using Beneficial Insects on the Farm Set To Continue Growth Trend

Posted by Growing Produce Staff|February 27, 2024

More and more produce growers and tapping into biosolutions for their crop protection toolkit. One element of biocontrol on the farm is the use of beneficial insects. According to an economic outlook report from marketplace consulting firm MarketsandMarkets, the global beneficial insects market is projected to reach $1.63 billion (USD) by 2028. This is an increase from $877 million (USD) in 2023. The projected growth would equate a compound annual growth rate of 13.2% during the forecast period in terms of value.

Beneficial insects such as ladybugs, lacewings, predatory mites, and parasitic wasps can help control pests in agricultural crops through biological control methods. The report’s authors note the beneficial insect market has grown in significance due to increasing interest in sustainable agriculture and organic farming practices.

Here are several other drivers impacting growth of the global beneficial insects market:

• 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 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, conferences, 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 Applications: 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.

To get a more detailed look at what the future holds for the beneficial insects market, visit MarketsandMarkets.com.