Global Biocontrol Agents Market size was valued at USD 5.8 Billion in 2023 and is expected to reach USD 10.6 Billion by 2032, at a CAGR of 8.1% during the forecast period 2023 – 2032.
Biocontrol Agents Market: Overview
Biocontrol agents, referred to as biological control agents or biopesticides, are naturally occurring compounds generated from living organisms which are used to manage pests, illnesses, and weeds in farming, forestry, and other contexts.
Beneficial insects (like ladybugs and parasitic wasps), fungus (like Trichoderma and Beauveria bassiana), germs (like Bacillus thuringiensis), nematodes, and other microbes are a few instances of such agents.
The growing global concern about food safety and environmental sustainability is driving demand for safer and more eco-friendly pest management solutions. Biocontrol agents, including beneficial insects, microorganisms, and nematodes, are excellent alternatives to chemical pesticides.
Furthermore, rigorous pesticide usage and residual rules are accelerating the global adoption of biocontrol agents. Governments and regulatory authorities are encouraging farmers to implement integrated pest management strategies, including biocontrol agents.
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Biotechnology and microbial research advancements are paving the way for more efficient and tailored biocontrol solutions. In addition, increased investment in sustainable agriculture, as well as rising consumer demand for organic and natural goods, are propelling the worldwide biocontrol agents’ market forward as farmers strive to satisfy market needs.
By type, the predator’s segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Predators drive the biocontrol agents market owing to they provide organic and sustainable pest control options, lowering the need for chemical pesticides and improving the balance of nature in agricultural settings.
By formulation, the liquid segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Liquid formulations are chosen in the biocontrol agents’ market due to the ease of administration, superior coverage, and efficacy in targeting target p
ests, resulting in greater acceptance and market expansion.
By application method, the foliar spray segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Foliar spray drives the biocontrol agents’ market because it provides a simple and effective way to distribute beneficial organisms directly to plant leaves, effectively targeting pests and illnesses.
CMI has comprehensively analyzed the Global Biocontrol Agents market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Biocontrol Agents industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Biocontrol Agents Market:
- BASF SE
- Bayer AG
- Syngenta AG
- FMC Corporation
- Novozymes
- Koppert Biological Systems
- Certis USA LLC
- Andermatt Biocontrol AG
- Som Phytopharma India Ltd
- Valent Biosciences LLC
- BioWorks Inc.
- Marrone Bio Innovations
- Monsanto Company
- Isagro Group
- Camson Biotechnologies Limited
- Lallemand Inc.
- Biobest Group NV
- Stockton Group
- Rizobacter Argentina S.A.
- Bioline Agrosciences
- Others
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