Biocontrol agents are Microbial organisms or metabolites used to prevent or reduce damage caused by pests, through predation, parasitism, inhibition of pathogen, competition or plant defense activation. Biocontrol agents are an environment-friendly alternative to pesticides and widely used in agriculture, food & beverages production to prevent spoilage and enhance shelf-life without chemical residues. 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 key trends:
Increasing demand for organic foods and beverages aids to boost the global biocontrol agents market growth over the forecast period. Consumers are increasingly preferring organic products for their perceived health benefits and minimal processing which do not involve use of any chemical pesticides or fertilizers. According to the US Department of Agriculture, sales of organic food grew from US$ 3 billion in 1997 to US$ 47.9 billion in 2018 in the US alone. This rising demand encourages farmers to adopt biocontrol agents over conventional agrochemicals for cultivation of organic crops which is a key trend driving the biocontrol agents market.

Segment Analysis
The global BioControl Agents market is segmented on the basis of type, form, crop type, and geography. By type, it is dominated by the microbial segment which holds around 65% of the market share. Microbial biocontrol agents are highly effective in controlling various soil-borne and foliar plant diseases. Their mode of action is through competition, antibiosis, and parasitism with the pathogens.

Key Takeaways
The Global Biocontrol Agents Market Demand is expected to witness high growth.

Regional analysis: Asia Pacific region is currently dominating the global biocontrol agents market with a share of over 35% in 2023. Factors such as availability of large cultivable area, growing greenhouse and indoor farming, promotion of organic farming techniques by governments through subsidiaries and certification programs, rising awareness about adverse effects of chemical pesticides and requirement of residue-free foods are driving increased adoption of biocontrol agents among farmers in the region. China, India, Japan, and Australia are major country markets in the Asia Pacific contributing to leadership position of the region.

Key players: Key players operating in the BioControl Agents market are Linde AG, Air Products & Chemicals, Inc., Praxair, Inc., Air Liquide SA, and Airgas Inc. These companies are focusing on capacity expansion, new product launches, and strategic collaborations to strengthen their market position. For instance, in 2022, Linde Engineering expanded its biogas upgrading plant portfolio by introducing PSA technology for biocontrol agents production.

For more details on the report, Read- http://marketerefforts.weebly.com/home/incorporating-biocontrol-agents-market-is-estimated-to-witness-high-growth-owing-to-opportunity-of-increasing-adoption-of-organic-farming-methods