Major Players are Focusing on Investment and New Product Development to Strengthen their Market Posi
According to MarketsandMarkets, 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. The demand for beneficial insects is primarily driven by the rising demand for increasing organic farming and organic foods.
The key players in this market include Applied Bionomics 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), Evergreen Growers Supply, LLC (US), Anatis Bioprotection (Canada), GrowLiv Biologicals (Canada), Planet Natural (US), Natural Pest Controls (US). These players have adopted various growth strategies such as partnerships, agreements, and collaborations to increase their global market presence.