Biocontrol Market growth is attributed to the Increased Organic Farming due to the Rise in Demand for Quality Food Products

According to Precision Business Insights (PBI) latest report the global biocontrol market is expected to be worth USD 5,671.9 million in 2022 and market is expected to grow at a 15% CAGR from 2022 to 2028. Global Biocontrol Market segmented into following types: By Type (Microbials (Bacteria, Fungi, Virus, Protozoa, Yeast) Macrobials (Insects, Mites, Nematodes) Biochemicals (Semio Chemicals, Plant Extracts, Organic Acids) By function (Bioinsecticides, Bio fungicides, Bionematicides, Bioherbicides) Crop Type (Grains & Cereals, Oil Seeds & Pulses, Fruits & vegetables, Others) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) Forecast to 2028. 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). 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.

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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Detailed Segmentation
Based on the product type, the market is segmented into the following:
• Microbials (Bacteria, Fungi, Virus, Protozoa, Yeast)
• Macrobials (Insects, Mites, Nematodes)
• Biochemicals (Semio Chemicals, Plant Extracts, Organic Acids)

Based on the function type, the market is segmented into the following:
• Bioinsecticides
• Bio fungicides
• Bio nematicides
• Bioherbicides

Based on mode of treatment, the market is segmented into the following:
• Soil Treatment
• Seed Treatment
• Foliar Spray
• Post-Harvest
• Others

Based on crop type, the market is segmented into the following:
• Grains & Cereals
• Oil Seeds & Pulses
• Fruits & vegetables
• Others

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This release was published on openPR.