January 06, 2020
According to the research report titled ‘Biocontrol Agents Market Size By Active Substance (Microbials [Bacteria, Fungi, Virus, Protozoa, Yeasts], Macro-organism [Insects, Mites, Nematodes], Biochemicals [Semio-Chemicals, Plant Extracts, Plant Growth Regulators, Organic Acid]), By Crop (Fruits & Vegetables, Cereals & Grains, Pulses), By Application (Seed Treatment, On-field, Post-harvest), Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Greece, Sweden, Russia, China, India, Japan, South Korea, Brazil, Mexico, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, the global biocontrol agents market is expected to cross USD 7.5 billion by the year 2025.
Increasing awareness regarding green products in tandem with favorable government initiatives which encourage bio-based products are major factors driving biocontrol agents market. Biocontrol agents help in decreasing environmental emissions by replacing chemical agents. Moreover, these agents target specific pests and decompose easily without leaving harmful residue as compared to traditional pesticides. Thus, shifting preference towards conserving and recycling natural resources in organic farming is aiding the expansion of the market.
Biocontrol agents help protect crops from various herbivore organisms and pests. They are majorly used in conservatory and on-field crops in order to reduce diseases on grains, legumes, cereals, flowers and fruits. However, these agents have a slow response time to achieve cost-effective pest suppression which in turn may hinder the growth of the market.
In terms of substance type, microbial segment is expected to hold 60% revenue share of the biological control agents market by the year 2025. Microbial biocontrol agents facilitate in keeping track of plant pathogens which attack through various modes of action. Additionally, they not only improve the health and productivity of the crop but also maximize nutritional content of the crop.
Depending on the crop type, the report cites that fruits & vegetables segment will grow with a CAGR of 15 % during 2019-2025. Fruits & vegetables are more susceptible to various diseases caused by weeds and pests. This factor in tandem with rising awareness pertaining to adverse effects of pesticides is fueling the growth of the segment.
Based on application spectrum, the seed treatment segment of biocontrol agents market is expected to witness a growth rate of 30% in during the forecast period. Seed treatment aids in minimizing the usage of agrochemicals which further helps in reducing their respective impact on the environment.
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As per regional analysis, the report cites that North America and Europe are the two most significant regional contributors of the biocontrol agents market, followed by Asia-Pacific. The presence of several R&D firms, escalating investments, and surging demand for organic farm products are enhancing the popularity of the product across the regions.
The prominent companies operating in global biocontrol agents market are Viridaxis S.A., CBC (Europe) S.r.l., Andermatt Biocontrol AG, Valent BioSciences, Biobest N.V., Syngenta AG, Cropscience Bayer AG, Koppert Biological Systems, Novozymes A/S, and BASF.
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