Forestry Biocontrols Market 2023 Growing Demand for Natural Biological Controls Agents across the Globe

According to Precision Business Insights (PBI), latest report, the forestry biocontrols market was valued at USD 2,976.3 million in 2022 and is expected to grow at an 7.3% CAGR from 2023 to 2029. The primary drivers of the expansion of the global forestry biocontrols market include the increasing environmental consciousness among the public influences the demand for sustainable and lowering impact on environment which drives the forestry biocontrols market growth. The increase in issues related to chemical pesticides has boosted the need of an alternatives.

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Natural Plants Extract Segment is expected to Dominate the Forestry Biocontrols Market:
Based on the type, the global Forestry Biocontrols market is segmented into Microbial Biocontrol agents, Insect Pheromones, Plant Extracts, Beneficial Insects, Others. The natural plant extracts segment is expected to account for a larger revenue share in the global forestry biocontrols market. The increasing awareness about the benefits of natural biocontrol agents and the harmful effects of chemical pesticides on the human and animal health is expected to drive the forestry biocontrol market in this segment. In addition, the government initiatives supporting the use of natural biological control agents is expected to further boost the growth of forestry biocontrols market in this segment over the forecast period.

The forestry biocontrol market is segmented based on type, end user, application, and geography.
Based on the type, the market is segmented into the following:
• Microbial Biocontrol agents
• Insect Pheromones
• Plant Extracts
• Beneficial Insects
• Others

Based on the application, the market is segmented into the following:
• Aerial Spraying
• Ground Spraying
• Soil Application

Based on the end user, the market is segmented into the following:
• Timber Protection
• Forest Pest control
• Disease Control
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

North America Forestry Biocontrols Market
The North America forestry biocontrols market is expected to increase over the forecast period due to the increasing demand for sustainable forestry practices and the rising awareness about the harmful chemical pesticides and benefits of using biocontrol agents. In addition, presence of several market players in countries like USA, Canada. And their increasing investment in the research and development in biocontrol methods is expected to boost the growth of forestry biocontrols market in this region over the forecast years. Europe region is expected to have a significant growth over the forecast period due to the increasing government initiatives promoting the use of biocontrol agents in forestry.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.

The global Forestry Biocontrols market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Key players profiles in the forestry biocontrols market report are Valent Biosciences Corporation, Certis USA LLC, Dow AgroSciences LLC, Suterra, Rusell IPM Ltd., Andermatt Biocontrol AG, Bayer AG, BASF, Biobest Group NV, FMC Corporation.

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