Biocontrol Agents Market size worth over $7.5 billion by 2025
Published Date: September 16, 2019 Authors: Kiran Pulidindi, Hemant Pandey
According to a new research report by Global Market Insights Inc., the Biocontrol Agents Market size will exceed USD 7.5 billion by 2025.
Growing demand for food products on account of growing global population along with increasing awareness towards the use of environment friendly fertilizers or agents will primarily drive the biocontrol agents market over the forecast period. These agents can replace chemical agents, resulting in reduced water and soil pollution. Biocontrol agents finds unmatched demand from the organic farmers due to its natural origin coupled with lower impact on the ecosystem.
Europe observed a steep rise in adaption of organic framing on account of EU policymakers coming to terms with its role is sustainable farming and quality food production. According to EU, organic farming covered 13.36 million hectares of agricultural land in the EU in 2017. The increase in organic area between 2012 and 2017 was close to 30%.
Biocontrol agents market growth will experience interruptions on account of its slow effect on pests. This has resulted in hesitation in farmers to adaption in comparison with synthetic fertilizers. However, the effective rule changes by policymakers along with constant research in product improvement will aid to overcome these hurdles over the forecast period.
Among the active substance segment, by 2025 microbials will account for over 70% share in global biocontrol agents market. Microbials are a group of biological agricultural products that contain beneficial microbes. They are generally applied directly to a seed or sprayed directly on a plant. Among the microbial, bacteria use is growing due to their instant effect on insects through digestive tract. With growth of microbial use, the biological control agent demand will grow in demand over the forecast timeframe.
Browse key industry insights spread across 274 pages with 379 market data tables & 21 figures & charts from the report, “Biocontrol Agents Market Size By Active Substance (Microbials [Bacteria, Fungi, Virus, Protozoa, Yeasts], Macro-organism [Insects, Mites, Nematodes], Biochemicals [Semio-Chemicals, Plant Extracts, Plant Growth Regulators, Organic Acid]), By Crop (Fruits & Vegetables, Cereals & Grains, Pulses), By Application (Seed Treatment, On-field, Post-harvest), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Under the crop segment, fruits & vegetables segment is expected to surpass USD 3.1 billion by the end of 2025. Fruits & vegetables are vulnerable to numerous diseases triggered by pests and weeds. Crop diseases can result in production loss to farmers and subsequent loss of revenue. Hence, biocontrol agents market will be growing on account increasing use in protection of cereals & grains and fruits & vegetable over the forecast timeframe.
Ban on chemical pesticide use and on-field application of biocontrol agents shall have a positive outlook on the product demand. The on-field application of the product is effective and suitable due to huge demand of biocontrol products from organic farmers, this trend is likely to drive the demand of biocontrol products for the on-field application segment. They also result in high yield and render greater agility to crop to protect itself against insects and plant pathogens, thus, the on-field application segment will account over 40% biocontrol agents market share by 2025.
Over last few years, product demand is observed to be highest from economies of Europe and North America. These regions will witness swift growth over the forecast timeframe owing to growing organic farming activities and escalating demand of organic food products. Furthermore, sustainable crop protection technologies; socio-political pressure for greener activities coupled with a progressively tough regulatory climate for chemical products will aid in increased product demand in these regions.
BASF SE, Syngenta Ag, Biobest N.V., Novozymes, Cropscience Bayer Ag, Koppert Biological Systems, Valent Bioscience Ag. and Andermatt Biocontrol AG are some of the important companies in the market catering to growing demand across the globe. The companies are planning growth strategies by mergers & acquisitions to grow their share in the value chain.
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