Press release
Biocontrol agents market to achieve considerable growth in 2025, Europe to remain a dominant growth avenue
Biocontrol Agents Market
EU policymakers laid down strict rules concerning organic farming that compelled Europe to adopt products which complied with the regulations, making the region a profitable revenue terrain from sustainable farming and production of quality food.
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BASF SE, Novozymes A/S, Koppert Biological Systems, Cropscience Bayer AG, Syngenta AG, Biobest N.V., Valent Biosciences LLC, Andermatt Biocontrol AG, CBC EUROPE SRL, Viridaxis S.A. are the top key players in the biocontrol agents market.
In emerging countries such as India, the agriculture industry is a major contributor to economic development. Reportedly, the Gross Value Added by agriculture in the year 2019 in India amounted to around USD 265.51 billion. Moreover, the total agriculture exports from India were valued at USD 38.54 billion during the fiscal year 2019.
Restrictions on the use of chemical pesticides
One of the main reasons behind the expansion of biocontrol agents market size is the harmful impact of chemical agents on the quality of the soil. The governments and other related authorities have imposed restrictions on the use of chemical pesticides, subsequently amplifying the adoption of biocontrol agents.
The European Food Safety Agency has banned the use of chemicals containing chlorpyrifos which is widely used in farming. The chemical is known to cause serious harm to human health. Eight EU countries have banned the use of chlorpyrifos in agriculture.
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