| Product Code: ETC4600310 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
In 2024, Nigeria continued to rely heavily on imports of bioinsecticides, with top suppliers being India, China, Metropolitan France, Indonesia, and Pakistan. The market remained highly concentrated, with a very high Herfindahl-Hirschman Index (HHI). However, the industry experienced a significant decline in compound annual growth rate (CAGR) from 2020 to 2024 at -26.55%. The growth rate from 2023 to 2024 saw a steep decline at -59.09%, indicating a challenging year for the bioinsecticides import market in Nigeria.
Bioinsecticides are gaining popularity for pest control due to their eco-friendly nature. The market in Nigeria is expanding with the increasing focus on sustainable agriculture.
In Nigeria, the bioinsecticides market is driven by the need for environmentally friendly pest control solutions, the growing organic farming sector, and concerns over chemical pesticide residues.
The Nigeria Bioinsecticides Market faces challenges such as limited availability of effective bioinsecticide formulations and competition from chemical insecticides. Moreover, concerns over regulatory approvals and efficacy of bioinsecticides impact market growth.
Policies promote the use of bioinsecticides in agriculture, focusing on reducing chemical pesticide use and promoting organic farming practices.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Bioinsecticides Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Bioinsecticides Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Bioinsecticides Market - Industry Life Cycle |
3.4 Nigeria Bioinsecticides Market - Porter's Five Forces |
3.5 Nigeria Bioinsecticides Market Revenues & Volume Share, By Organism Type, 2021 & 2031F |
3.6 Nigeria Bioinsecticides Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Nigeria Bioinsecticides Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the harmful effects of chemical insecticides on the environment and human health |
4.2.2 Government support and initiatives promoting the use of bioinsecticides in agriculture |
4.2.3 Growing demand for organic and sustainable farming practices in Nigeria |
4.3 Market Restraints |
4.3.1 Limited availability and high costs of bioinsecticides compared to chemical alternatives |
4.3.2 Lack of awareness and understanding among farmers about the benefits and proper use of bioinsecticides |
5 Nigeria Bioinsecticides Market Trends |
6 Nigeria Bioinsecticides Market, By Types |
6.1 Nigeria Bioinsecticides Market, By Organism Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Bioinsecticides Market Revenues & Volume, By Organism Type, 2021-2031F |
6.1.3 Nigeria Bioinsecticides Market Revenues & Volume, By Bacteria Thuringiensis, 2021-2031F |
6.1.4 Nigeria Bioinsecticides Market Revenues & Volume, By Beauveria Bassiana, 2021-2031F |
6.1.5 Nigeria Bioinsecticides Market Revenues & Volume, By Metarhizium Anisopliae, 2021-2031F |
6.2 Nigeria Bioinsecticides Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Bioinsecticides Market Revenues & Volume, By Microbials , 2021-2031F |
6.2.3 Nigeria Bioinsecticides Market Revenues & Volume, By Macrobials, 2021-2031F |
7 Nigeria Bioinsecticides Market Import-Export Trade Statistics |
7.1 Nigeria Bioinsecticides Market Export to Major Countries |
7.2 Nigeria Bioinsecticides Market Imports from Major Countries |
8 Nigeria Bioinsecticides Market Key Performance Indicators |
8.1 Adoption rate of bioinsecticides by farmers in Nigeria |
8.2 Number of research and development initiatives focused on improving bioinsecticide effectiveness and affordability |
8.3 Percentage of agricultural land in Nigeria using bioinsecticides |
8.4 Success rate of bioinsecticide applications in controlling pest infestations |
9 Nigeria Bioinsecticides Market - Opportunity Assessment |
9.1 Nigeria Bioinsecticides Market Opportunity Assessment, By Organism Type, 2021 & 2031F |
9.2 Nigeria Bioinsecticides Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Nigeria Bioinsecticides Market - Competitive Landscape |
10.1 Nigeria Bioinsecticides Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Bioinsecticides Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |