BioControl Agents Market: Rising Demand for Sustainable Crop Protection Drives Growth
Market key trends:
The key trend in the biocontrol agents market is the growing demand for organic farming practices. With increasing concerns over the harmful effects of chemical pesticides on the environment and human health, there is a rising trend towards sustainable and eco-friendly agricultural practices. Biocontrol agents offer a natural and safe alternative to chemical pesticides, as they use beneficial organisms to control pests and diseases in crops. This trend is driven by the growing awareness and adoption of organic farming methods, as well as the regulatory restrictions on the use of chemical pesticides. The biocontrol agents market is expected to experience high growth in the coming years due to the increasing demand for organic produce and the shift towards sustainable agricultural practices.
Key Takeaways:
The Global Biocontrol Agents Market Demand is expected to witness high growth, exhibiting a CAGR of 8.3% over the forecast period from 2023 to 2030. This growth is driven by the increasing demand for organic farming practices and the shift towards sustainable agriculture. The market size for 2023 is projected to reach US$ 4.87 billion, indicating a significant market opportunity.
In terms of regional analysis, North America is the fastest-growing and dominating region in the biocontrol agents market. This can be attributed to the strict regulations on chemical pesticides, high awareness about the benefits of organic farming, and the presence of key players in the region.
Key players operating in the biocontrol agents market include BASF SE, Bayer AG, Syngenta AG, FMC Corporation, Novozymes, Koppert Biological Systems, Certis USA LLC, Andermatt Biocontrol AG, Som Phytopharma India Ltd, Valent Biosciences LLC, BioWorks Inc., Marrone Bio Innovations, Monsanto Company, Isagro Group, Camson Biotechnologies Limited, Lallemand Inc., Biobest Group NV, Stockton Group, Rizobacter Argentina S.A., and Bioline Agrosciences ltd. These key players play a significant role in driving the growth and innovation in the biocontrol agents .
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