Exploring the Global Biocontrol Market: A Comprehensive Overview

The biocontrol market size has grown rapidly in recent years. It will grow from $6.03 billion in 2023 to $7.08 billion in 2024 at a compound annual growth rate (CAGR) of 17.3%. The growth in the historic period can be attributed to growing awareness of environmental impact, regulatory support and compliance, consumer demand for organic products, resistance to chemical pesticides, globalization of agriculture.

The biocontrol market size is expected to see rapid growth in the next few years. It will grow to $12.96 billion in 2028 at a compound annual growth rate (CAGR) of 16.3%. The growth in the forecast period can be attributed to continued regulatory emphasis on sustainability, increasing demand for organic and non-gmo products, climate change impacts on pest patterns, focus on precision agriculture, continued resistance to chemical pesticides. Major trends in the forecast period include increasing demand for sustainable agriculture, advancements in biotechnology, stringent regulations on chemical pesticides, rise in organic farming practices, integration of digital technologies.

Market Overview -
Biocontrol refers to the use of living organisms or their products to control pests or diseases that can harm crops and livestock. It is commonly used to reduce the damage caused by pests and diseases and to minimize the use of synthetic chemicals that can harm non-target organisms and the environment.

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Surge In Pest Infestations And The Biocontrol Market's Response
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. For instance, in June 2021, according to the Food and Agriculture Organization (FAO), a United Nations Agency, it was estimated that around 40% of global crops in 2021 were destroyed by pests, causing a loss of $220 billion. As a result of climate change, plant pests are becoming more destructive and they are causing increasing threats to food security and the environment. Therefore, the rising incidence of pest infestations will fuel the biocontrol market growth.

Competitive Landscape -
Major companies operating in the biocontrol market report are BASF SE, Bayer AG, Corteva Agriscience, United Phosphorus Limited, Syngenta AG, Koppert Biological Systems BV, BrettYoung Seeds Limited, Certis USA LLC, Chr. Hansen Holding A/S, Marrone Bio Innovations Inc., Symbiota Inc., Precision Laboratories LLC, Verdesian Life Sciences LLC, Valent Biosciences LLC, Biobest Group NV, FMC Corporation, Shin-Etsu Chemical Co. Ltd., Suterra LLC, Isagro S.PA, Russell IPM, Novozymes A/S, Bioworks Inc., Andermatt Group AG, Sumitomo Chemical, Mitsui & Co. Ltd., Nufarm Limited, BioConsortia Inc., Agrauxine, Nippon Soda Co. Ltd., Bion Tech Inc., Phyllom BioProducts, Eagle Plant Protect Pvt. Ltd., e-nema GmbH, Vestaron Corporation, Gowan Company, Cartotecnica CBC Srl., Bioline AgroSciences Ltd.

Syngenta's Breakthrough Recognition Herbicide Sets New Standards In Biocontrol Market
Product innovation has emerged as a key trend gaining popularity in the biocontrol market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in in April 2023, Syngenta Group, a Switzerland-based provider of agricultural science and technology launched Recognition herbicide. The herbicide may be used in tank combinations for faster, stronger, and wider-spectrum control, and it can be utilized in broadcast applications. Recognition provides control over forty weeds, including main sedges, dollarweed, clover in St. Augustinegrass, buffalograss, kikuyugrass, and zoysiagrass. Recognization is a novel and interesting control alternative for golf course superintendents, sod farmers, and lawn care operators because its safety on St. Augustinegrass has been positively assessed.

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Key Segments -

The biocontrol market covered in this report 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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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