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Biocontrol Agents Market Trends

Report ID: GMI1551
Published Date: Jan 2024
Report Format: PDF

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Biocontrol Agents Market Trends

In recent years, the market has witnessed a surge in demand driven by growing environmental concerns, increased awareness of sustainable agriculture, and a rising preference for organic food production. The shift towards integrated pest management (IPM) practices and stringent regulations on chemical pesticide usage have propelled the adoption of biocontrol agents. Moreover, technological advancements and research breakthroughs have led to the development of more effective and targeted biopesticides, enhancing their overall efficacy. The market is also experiencing a trend towards the commercialization of genetically modified biocontrol agents for improved performance. With a heightened focus on precision farming and the promotion of eco-friendly solutions, the biocontrol agents industry is expected to continue its upward trajectory, offering promising opportunities for innovation and investment in the agriculture sector.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for biocontrol agents reached USD 5.23 billion in revenue in 2023 and is projected to be worth USD 20.4 billion by 2032 owing to the rising demand for organic farming.

Biocontrol agents market from the microbial substance type segment generated USD 3.09 billion in 2023 and is set to gain significant prominence through 2032 due its ability to target specific pests while minimizing environmental impact.

France market for biocontrol agents generated USD 395.3 million in 2023 and is estimated to record substantial growth through 2032 attributed to the strong emphasis on sustainable agriculture and environmental conservation in the region.

Some of the top firms agent firms are BASF SE, Cropscience Bayer Ag, Syngenta Ag, Biobest N.V, Novozymes, Koppert Biological Systems, Andermatt Biocontrol AG, Valent Bioscience Ag, Certis USA, Marrone Bio Innovations, Isagro S.p.A., Certis Europe B.V., CBC (Europe) S.r.l., BioWorks Inc., and Nufarm Limited.