by Biocontrol agents refer to natural enemies, antagonists, or other biological components that affect the population growth rate of pests. They include predators, parasitoids, pathogens, nematodes and various other non-chemical pest management approaches. Biocontrol agents are increasingly being used in agricultural practices as an alternative to synthetic pesticides. The rising demand for organic and residue-free food has accelerated the adoption of biocontrol agents across various crops such as fruits & vegetables, cereals & grains, and oilseeds & pulses. With more focus on sustainability and integrated pest management practices, farmers are inclining towards biocontrol solutions provided by biological fungicides, biochemicals, microbes and other beneficial organisms.
The global BioControl Agents Market is estimated to be valued at US$ 4.88 Bn in 2023 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The promising growth of the agriculture industry across both developed and emerging nations is driving the demand for biocontrol agents. The agriculture sector has witnessed tremendous growth over the past few years on the back of increasing agricultural output, rising food demand from a growing population and changing dietary patterns. Further, implementation of stringent regulations around the use of agrochemicals and awareness about environmental sustainability are boosting the adoption of biocontrol solutions globally. Also, the increasing R&D activities focused on discovering novel biocontrol formulations and microbes are anticipated to create new avenues for the biocontrol agents market in the coming years.
Segment Analysis
The biocontrol agents market can be segmented into microbial agents, chemical agents, and macro-organisms. The microbial agents segment dominated the market in 2022 and is estimated to continue its dominance during the forecast period. Within the microbial agents segment, bacteria-based biocontrol agents captured a major share due to benefits such as higher activity against pests and pathogens. Bacterial biocontrol agents help in reducing the dependency on chemical pesticides and protect biodiversity.
PEST Analysis
Political: Governments across the globe are promoting the use of biocontrol agents and implementing stringent regulations on chemical pesticides. Some nations have completely banned certain hazardous chemicals. This is positively impacting the adoption of eco-friendly biocontrol alternatives.
Economic: The rising costs of agro-chemicals and growing demand for residue-free food is encouraging farmers to switch to biocontrol agents. However, high R&D costs required for product development can restrain market growth.
Social: Changing consumer preferences towards organic food and increasing awareness about toxic effects of pesticide residues are fueling the market demand. Citizens are increasingly demanding sustainable agriculture practices.
Technological: Leading players are investing in advanced formulation technologies to enhance the shelf-life and efficacy of biocontrol agent products. Digital farming techniques are also helping farmers maintain optimal application dosages.
Key Takeaways
The Global Biocontrol Agents Market Demand is expected to witness high growth over the forecast period.
Regional analysis
North America currently holds the largest share in the global biocontrol agents market and is expected to continue dominating through 2030. Major factors responsible for North America’s leading position include widespread adoption of advanced farming techniques, presence of prominent manufacturing players, and implementation of stringent regulations on chemical pesticide usage.
Key players
Key players operating in the biocontrol agents market are Bayer AG, Syngenta, BASF SE, Marrione Biotech, and Koppert Biological Systems. Bayer dominates the market with its comprehensive portfolio of biofungicide and bioinsecticide products. Syngenta is another industry leader focusing on developing next-gen biopesticide formulations.
Note:
Source: Coherent Market Insights, Public sources, Desk research
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