Global Biocontrol Agents Market was valued at US$ 2.83 Bn in 2019, and is expected to reach US$ 7.79 Bn by 2027, at a CAGR of 13.5 % during forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding biocontrol agents market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in biocontrol agents market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Biocontrol agents are the natural organisms like parasitism, predation and other mechanisms for controlling the plant pests. They play a key role in controlling the plant pests such as nematodes, weeds, mites. These biocontrol agents help in maintaining and balancing the plant species like nematodes weeds, insects and mites. Biocontrol agents have no side effects as they are eco- friendly in nature.
Factors such as ease of use and its availability are driving the biocontrol agents market. Biocontrol agents are effective throughout the season and are considered economical as compared to other chemicals such as pesticides and insecticides, thus the growth of biocontrol agents will certainly expand in the coming future. Increasing concentration on food contamination owing to variety of chemicals is fueling the market growth of biocontrol agents market.
Rising demand of biocontrol agents compared to pesticides owing to their cost effectiveness are boosting the growth and development of the biocontrol agents market. Biocontrol agents are capable of replacing chemical agents that are used by decreasing emissions in the environment and thus resulting in lesser soil and water pollution hence the demand for biocontrol agents is rising day-by-day. The active substance, the microbials segments accounts for prominent share of the biocontrol agents market due to its cost effectiveness and potential to eliminate a wide range of pests.
Lack of awareness about biocontrol agents among crop producers is the major restraining factor of the biocontrol agents market. Governments across the world need to take initiatives to promote the usage of biocontrol agents. Availability of effective pest control methods hampers the reach of biocontrol agents.
The on-field application segment dominates the biocontrol agents market and is anticipated to expand rapidly during the forecast period due to the use of biocontrol agents.
The seed treatment segments holds prominent share, and it is projected to be one of the lucrative segments owing to the easy availability and low cost of seed treatment products.
Based on the crop type, Vegetables & fruits segment hold a share of 50% of biocontrol agents market in 2017.
North America holds the major share of the global biocontrol agents market due the wide acceptance and awareness of these products among farmers. The biocontrol agents market in the region is well established and is anticipated to expand further during the forecast period. The biocontrol agents market in Europe has been expanding significantly after the implementation of the European Commission’s (EC) framework regarding the usage of pesticides through Integrated Pest Management (IPM).
Scope of Global Biocontrol Agents Market:
Global Biocontrol Agents Market, by Active Substance:
• Entomopathogenic Nematodes
Global Biocontrol Agents Market, by Crop Type:
• Vegetables & Fruits
• Pulses & Oils
• Cereals & Grains
Global Biocontrol Agents Market, by Target Pest:
• Micro Organisms
Global Biocontrol Agents Market, by Environment:
• Open Field Crops
Global Biocontrol Agents Market, by Application:
• Seed Treatment
Global Biocontrol Agents Market, By Region:
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating In Global Biocontrol Agents Market:
• Bayer CropScience AG
• Novozymes A/S (Denmark)
• BASF SE
• Advanced Biological Marketing
• Syngenta AG (Switzerland)
• Koppert Biological systems (Netherlands)
• Marrone Bio Innovations, Inc.
• Monsanto Company Inc.
• Biobest N.V.
• Andermatt Biocontrol AG
• Certis USA LLC
• FMC Corporation
• BioTech Systems LTD
• Kenogard S.A
• Andermatt Biocontrol AG
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