Biocontrol Market Size, Share, Forecast 2022-2028
The global biocontrol market size was valued at USD 4,936.4 billion in 2021 and is poised to grow at a significant CAGR of 15.3% during the forecast period 2022-28. Biocontrol market is expected to grow at prominent growth rate over the forecast years owing to stringent regulations for the ban on chemical pesticides in various countries across the globe. Moreover, increase in the awareness about the organic farming and rise in demand for organic food products are significantly enhance the revenue of the market. In addition, rise in R&D for the development and launch of newer products also immense boost to the market over the forecast years.
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Microbials Segment are Dominate the Compartment Pressure Measurement Devices Market:
The microbial segments are anticipated to dominate the market owing to low cost and ability to eliminate wide spectrum of pests. BCAs (bacterium-based biological control agents) are generally used to control pests. The biocontrol agent’s industry is dominated by on-field applications. Seed treatment represents a significant portion of the market, and it is expected to be one of the most profitable segment due to the high chances to control the pest compared with others and low cost of seed treatment products.
The global biocontrol market segmentation
- By Product Type (Microbials, Macrobials, Biochemicals) Function (Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides Others)
- Mode of Treatment (Soil Treatment, Seed Treatment, Foliar Spray, Post-harvest Others)
- Crop Type (Grains and Cereals, Oilseeds and Pulses, Fruits and Vegetables Others)
Europe Leads Global Biocontrol Market:
North America is expected to hold the largest market share in the Global Biocontrol Market and the market is expected to grow significantly over the forecast years due to farmers having a high level of acceptance and awareness of biological pesticides. Europe has been also anticipated the growth of the market due to the implementation of stringent government regulations on chemical usage for crop protection coupled with surge in demand for organic food products across the Germany, UK, France, and other European countries.
Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players
Global Biocontrol Market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In October 2021, BASF collaborated with Vipergen, to discover new active ingredients for sustainable crop protection products more efficiently and quickly.
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Key player’s profiles in the global biocontrol market are BASF (Germany), Syngenta (Switzerland), Bayer AG (Germany), UPL (India), Marrone Bio Innovation, Inc (US), Gowan Company (US), Vegalab SA (Switzerland), Lallemand Inc (Canada), Valent Bioscience (US), Koppert Biologicals System (Netherlands), Biovert S.L. (Spain), Trade Corporation International (Spain), Stockton Bio AG (Israel), Biolchim SPA (Italy), Rhizobacter (Argentina).
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