Biological Crop Protection Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Biological Crop Protection Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The biological crop protection market size has grown rapidly in recent years. It will grow from $5.18 billion in 2023 to $5.82 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to increasing regulatory restrictions on synthetic pesticides, growing consumer demand for organic and sustainably produced food, increasing population, escalating concerns about adverse environmental impacts, and increasing focus on food security.

The biological crop protection market size is expected to see rapid growth in the next few years. It will grow to $9.34 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to rapidly growing organic farming sector, increasing sustainable agricultural practices, increasing investment in research and development, rising awareness of environmental sustainability and health consciousness, and bio-pesticide growth. Major trends in the forecast period include the development of highly effective and targeted bio-pesticides, development in microbial technology, integration of biological products into integrated pest management, the trend towards sustainable and organic farming practices, and advancements in biotechnology and microbial research.

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Market Drivers and Trends:

The growing organic farming sector is expected to propel the growth of the biological crop protection market going forward. The organic farming sector is an agricultural system that prioritizes natural processes and materials, avoiding synthetic fertilizers and pesticides to promote biodiversity, soil health, and sustainability. The growth of the organic farming sector is due to factors such as demand for healthier food options, environmental concerns, and sustainable agricultural practices. Biological crop protection uses natural strategies to control pests and diseases, aligning with organic farming principles prioritizing sustainability, biodiversity, and ecological balance. For instance, in May 2023, according to the Department for Environment, Food, and Rural Affairs, a UK-based government department, a total of 509 thousand hectares of land will be farmed organically in 2022, representing a 0.4% increase from 2021. Therefore, the growing organic farming sector is driving the growth of the biological crop protection market.

Major companies operating in the biological crop protection market are focused on developing innovative products, such as bio-fungicide, to enhance crop yield and improve disease resistance. A bio-fungicide is a type of biological crop protection product that uses natural organisms or their by-products to control fungal diseases affecting plants. These bio-fungicides are typically derived from living microorganisms, such as bacteria, fungi, or viruses, which can suppress or eliminate pathogenic fungi responsible for crop diseases. For instance, in August 2023, ADAMA Ltd., an Israel-based crop protection company, announced the registration of ACTAVAN in Peru. ADAMA's first bio-fungicide prevents fruit rot in crops like grapes, berries, and certain vegetables while enhancing sugar content, peel firmness, size, and weight of berries. It stimulates the plant's immune system for consistent results and allows flexible crop treatment schedules with no pre-harvest waiting period. ACTAVAN is ideal for organic farming and integrated pest management (IPM), supporting sustainable agriculture practices. It is registered in Peru, and ADAMA plans to expand its use across Latin America, Asia-Pacific, and Europe.

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Major Key Players of the Market:

BASF SE, Bayer AG, Syngenta AG, Corteva Agriscience, FMC Corporation, ADAMA Ltd., UPL Limited, Coromandel International Limited, Novozymes A/S, Nufarm Limited, Koppert Biological Systems Ltd., Certis USA L.L.C, Valent BioSciences LLC, AgriLife (India) Pvt Ltd., Jaivik Crop Care LLP, Andermatt Biocontrol, BioSafe Systems LLC, Seipasa, Futureco Bioscience, KN Biosciences India Pvt. Ltd., IPL Biologicals Limited

Biological Crop Protection Market 2024 Key Insights:

• The biological crop protection market size is expected to see rapid growth in the next few years. It will grow to $9.34 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%.
• Organic Farming Growth Fuels The Biological Crop Protection Market Expansion
• Innovative Plant Extract-Based Biocontrol Products Enhance Crop Yield And Disease Resistance In Sustainable Agriculture
• North America was the largest region in the biological crop protection market in 2023

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