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Biocontrol Market Analysis, Share, Trends, and Future Outlook by 2032 || BASF SE, Bayer Crop Science, Corteva Agriscience, UPL Limited, Syngenta AG
Biocontrol Market
The Business Research Company's Biocontrol Global Market Report 2023 identifies the rising incidence of pest infestations is expected to propel the growth of the biocontrol market going forward. Pest infestation refers to the presence and rapid multiplication of pests that pose a threat to crops, livestock, or other organisms. The rising incidence of pest infestations is mostly driven by intensive agriculture, urbanization, climate change, ineffective pest management practices, and rapid changes in land use, where biocontrol products are designed to control pests by managing pest populations more sustainably.
The global biocontrol market size is expected to grow from $5.14 billion in 2022 to $6.03 billion in 2023 at a compound annual growth rate (CAGR) of 17.39%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global biocontrol market size is expected to reach $11.20 billion in 2027 at a CAGR of 16.74%.
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Major competitors in the biocontrol market are BASF SE, Bayer Crop Science, Corteva Agriscience, UPL Limited, Syngenta AG, Koppert Biological Systems BV, Brettyoung (Lallemand Inc.), Certis USA LLC, Chr. Hansen Holding A/S, Marrone Bio Innovations Inc.
A key trend in the biocontrol market includes product innovation. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in March 2020, a Germany-based pharmaceutical and life sciences company launched its first biofungicide product called Serenade. Serenade is designed to provide sustainable protection against fungal diseases in crops. This innovative product provides long-lasting protection against fungal diseases, with a residual effect of up to 14 days.
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The biocontrol market is segmented -
1) By Biopesticides: Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides, Other Biopesticides
2) By Crop Type: Grains and Cereals, Oilseeds and Pulses, Fruits and Vegetables, Other Crop Types
3) By Mode Of Treatment: Soil Treatment, Seed Treatment, Foliar Spray, Post-harvest, Other Modes Of Treatment
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the biocontrol market.
The Business Research Company's "Global Biocontrol Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Biocontrol Market Include:
1. Executive Summary
2. Biocontrol Market Characteristic
3. Biocontrol Market Trends And Strategies
4. Biocontrol Market - Macro Economic Scenario
5. Biocontrol Market Size And Growth
……………
27. Biocontrol Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biocontrol Market
29. Biocontrol Market Future Outlook And Potential Analysis
30. Appendix
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