The global BioControl Agents Market is estimated to be valued at US$ 4.87 Bn in 2023 and is expected to exhibit a CAGR of 8.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Biocontrol agents are living organisms used to suppress pest populations and maintain a balance in natural ecosystems. They provide eco-friendly alternatives to chemical pesticides for integrated pest management. Key types include microbial, plant-extract and macro-organism biocontrol agents.
Market key trends:
One of the major trends in the biocontrol agents market is the increasing preference for microbial biocontrol agents over conventional chemical pesticides. Microbial biocontrol agents offer several advantages such as pest-specificity, no toxic residues and suitability for organic farming. Common microbial agents employed include bacteria, fungi, viruses and nematodes that are pathogenic to pest insects and microbial diseases. Their use has grown significantly in recent years due to stringent regulations on chemical pesticides and growing consumer demand for residue-free food crops.
Segment Analysis:
This market is dominated by the biofungicides sub-segment owing to the high demand for eco-friendly solutions to control fungal diseases in various crops. Biofungicides accounted for over 30% share of the global biocontrol agents market in 2023 due to their effectiveness in controlling fungal pathogens without any harmful residues.
Key Takeaways:
The global Biocontrol Agents Market is expected to witness high growth, exhibiting a CAGR of 8.3% over the forecast period, due to increasing demand for sustainable agricultural solutions and stringent regulations against chemical pesticides.
Regional Analysis:
North America dominated the global market and accounted for over 35% share in 2023 due to the implementation of stringent laws limiting the use of chemical pesticides in the region. Asia Pacific is expected to be the fastest growing region due to rising awareness about organic farming and expansion of agricultural activities in countries like India and China.
Key Players
Key players operating in the biocontrol agents market are 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., and Bioline Agrosciences ltd.
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According to the new market research report by IndustryARC titled “BioControl Agents Market: By Active Substance (Microbials, Macrobials,); By Application (Seed Treatment, On-Field); By Environment; By Crop (Cereals & Grains, Vegetables & Fruits); By Target Pest (Arthropods, Weeds, Micro-organisms) -Forecast (2018-2023)”, the market is driven by the growing awareness about biological crop protection products among the farmers.North America continues to lead the market share during 2018-2023:North Americas dominated the global BioControl Agents market with a value share of 38% in 2017.
On-Field application segment held the highest revenue of $460 million in 2017, and is estimated to reach $819 million by 2023 at 10.10% CAGR.In the APAC region, increasing awareness among farmers with regards to the needs of the crops, along with the rapid development of agricultural technologies, has been facilitating the bio control agents market during the forecast period 2018-2023.
Emergence of India as a manufacturing hub offering low-cost platforms as compared to China, offers opportunities related to manufacturing expansion which also eventually helps the companies to tap the growing Asia-Pacific market.
Asia-Pacific is projected to register the highest growth rate of 11.15% CAGR during the forecast period.Selected / Sample Analysis done in the full Report:Value chain for bio-control agents market has been established as an interdependent and complex network, comprising of substance manufacturers, distributors and different groups of crop and non-crop growers.Contract manufacturing, packaging, regulatory bodies and farming communities also play an important role in value addition.
Defining and implementing the R, according to the market trends, and future applications and establishing value chain frameworks accordingly, has made the industry more agile.Increasing surveys helps the market players to develop active ingredients that provide appropriate pest and insect control solutions.Different applications need different set of ingredients, employ various processes, and packaging techniques.Regulatory bodies approve ingredients and substances through thorough analysis to match the environmental conditions related to the safety and environmental impact while being used.
Key Players of the Biocontrol Agents Industry:Bayer CropScience AG and Syngenta AG are analyzed to be the dominant players of bio-control agents market.
