Increasing demand for the organically cultivated product is expected to drive the Global Biological Control Agent Market in the forecast period, 2024-2028. According to the TechSci Research report, “Biological Control Agent Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global Biological Control Agent Market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the rising demand and easy availability of bio-based products, and the increasing investment of major players in biological solutions, especially in the research and development field.
The Important Aspects of the Biological Control Agents Market
Increasing demand for organically cultivated food products, increasing utilization of bio-based products over chemical products, and the need for the use of sustainable agricultural practices will propel the market growth. Increasing demand for technological advancement to improve biological control agent is the major factor further expected to increase the demand for the biological control agent market in the forecast period.
However, increasing plant disease, and using chemical agents such as herbicides and pesticides may hamper the Global Biological Control Agents Market in the forecast period. On the other hand, an inadequate amount of shelf life of biological control products can further hamper the market growth in the forecast period.
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The Global Biological Control Agents Market is segmented into product type, target, mode of application, crop, and by region.
Based on Crop, the Global Biological Control Agents Market can be segmented into Cereals, Fruits & Vegetables, Pulses & Oilseeds, and Others. The cereals are expected to dominate the market for the forecast period because of the increasing demand for plant disease management and owing to a significant increase in animal feed demand, and management of various pests and weeds that could potentially damage agricultural crops and forestry.
Based on application, the Global Biological Control Agents Market can be segmented into Seed Treatment, Foliar Spray, Soil Treatment, and Others. Foliar Spray is predicted to dominate the market in 2020 and maintain its dominance throughout the forecast period. However, Foliar sprays are absorbed 20 times faster by plants than soil-applied nutrients. Increasing low fertility and low soil temperature during the growing season and Plants that are subjected to other types of stress, such as drought, heat, cold, mechanical or insect damage, or diseases, benefit from foliar will boost the market growth in the forecast period.
Based on type, the Global Biological Control Agents Market can be divided into Microbials and Microbial. The Microbial segments are expected to dominate the market in 2020 and maintain their dominance throughout the forecast period. However, Microbial biological control agents have three distinct characteristics that make them interesting to farmers’ resistance management, restricted entry intervals, and residues. Because most MBCAs have numerous modes of action, there is less chance of a virus, insect, or weed developing resistance. As a result, MBCAs are a valuable tool in Integrated Pest Management (IPM) programs, where synergistic effects can be used to reduce chemical input or restore efficacy and are further expected to propel the growth of the Biological Control Agents Market in the forecast period.
Major companies operating in the global biological control agents market are:
- BASF SE
- Certis USA L.L.C
- Bayer CropScience Limited
- Syngenta AG
- Nufarm Limited
- Biobest Group NV
- Gowan Company, L.L.C.
- Marrone Bio Innovations, Inc.
- United Phosphorous Ltd.
- Koppert BV
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“North America region is expected to register the highest growth in the Global Biological Control Agents Market on account due to the growing awareness of chemical hazards on environment and humans, early adoption of regulation and policies of organic farming in the region, increasing demand for the product in the region is likely to remain upward due to increasing consumers preference towards organic products. Similarly, growing organic farming trend and demand for organic products in the region, increasing demand for safer and sustainable crop protection technologies, and political, and societal pressure for greener practices are expected to propel the market growth till 2028,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Biological Control Agents Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type (Microbials v/s Macrobials), By Target (Arthropods, Microorganism, Weeds), By Mode of Application (Seed Treatment, Foliar Spray, Soil Treatment, Others), By Crop (Cereals, Fruits & Vegetables, Pulses & Oilseeds, Others), By Region and Competition”, has evaluated the future growth potential of global biological control agents market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global biological control agent market.
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