May 24, 2021
According to the research report titled ‘Global Agricultural Biological Control Agents Market Analysis, 2020’, available with Market Study Report, global agricultural biological control agents market is projected to register a y-o-y growth rate of 14.5% through 2026.
Increasing preference of consumers for organic products, growing investments in research & development for sustainable businesses, and rise in the demand for animal feed are the factors driving the growth of global agricultural biological control agents market. Additionally, increasing awareness about food contamination, growing inclination towards biocontrol agents, and vigorous urbanization are generating lucrative prospects for the business scenario.
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Based on type, global agricultural biological control agents industry is segmented into biopesticides, biofertilizers, and biostimulants. Speaking of mode of application, the industry is fragmented into foliar spray, soil treatment, seed treatment. Moving on to crop type, the market is classified into cereal & grains, fruits & vegetables, and oilseeds & pulses among others.
On the basis of source, the marketplace is divided into microbial, biochemicals and others. The report cites that microbials segment held a reasonable market share in 2019 and is expected to grow substantially over the forecast duration, owing to increasing application for improving the nutrient availability and enhancing the overall productivity of crops.
As per regional framework, Asia-Pacific, North America, Middle East & Africa, Europe, and South America are the major contributors towards global agricultural biological control agents market remuneration.
Key players in global agricultural biological control agents industry include Koppert Biological Systems Inc., Valagro S.p.A., Rizobacter Argentina S.A., Biolchim S.p.A, Stockton Bio-AG Technologies, Valent BioSciences Corp., DuPont de Nemours Inc., Certis U.S.A. LLC, Marrone Bio Innovations, United Phosphorus Ltd. (UPL), Bayer AG, The Syngenta Group, Isagro SpA, and BASF SE.