Biocontrol Agents Market Size, Share, Trends & Industry Growth Analysis Report to 2024-2032
By Ritesh on May 31, 2024
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The global biocontrol agents market size was evaluated at $5.83 billion in 2023 and is slated to hit $11.84 billion by the end of 2032 with a CAGR of nearly 8.20% between 2024 and 2032.
Biocontrol agents are living organisms, such as mites and weeds, that aid in the control of other external pests by maintaining a balance of plant species, parasites, and predators. These compounds are environmentally friendly and relatively inexpensive in compared to other insecticides and fungicides. They are readily available and help to reduce the usage of other chemicals and pesticides.
Rising awareness of the necessity of contaminant-free food is likely to boost the growth of the biocontrol agents market in North America and Europe. Due to lifestyle changes, the North American and European populations’ preferences for healthy food intake have shifted dramatically in recent years. This development has led to an increase in the consumption of contaminant-free food. Furthermore, tough government regulations aimed at reducing chemical use in agriculture are expected to increase the biocontrol agents market in North America and Europe in the coming years.
However, many farmers and crop growers are not fully aware of the advantages of incorporating biocontrol agents into their farming techniques, which may limit the biocontrol agent market. Furthermore, the high development potential of biocontrol agents in emerging nations is likely to create new growth opportunities for the leading players in the biocontrol agents market over the forecast period. Furthermore, Integrated Pest Management (IPM) practices in industrialized nations are expected to result in a large demand for biocontrol agents.
The global Biocontrol Agents market profiles key players such as:
● Andermatt Biocontrol AG
● BASF SE
● Bayer AG
● Biobest Group NV
● BiolineAgroSciences Ltd
● Certis USA L.L.C
● Syngenta
● Biocontrol Technologies SL
● Koppert B.V
● AMW Nützlinge GmbH
● CBC (Europe) S.R.L.
● FMC Corporation
Biocontrol Agents Market: Regional Insights
The geographic segmentation comprises demand in North America and Europe.
The market is divided into two regions: North America and Europe. North America dominated the biocontrol agents market in 2018. This can be ascribed to the increased use of Integrated Pest Management (IPM) strategies in the region’s agriculture industry. Because of changing European lifestyles, Europe accounted for a sizable portion of the biocontrol agents market in 2018.
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