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Biocontrol Agents Market - Global Industry Opportunities and Projections for Upcoming Years
Biocontrol Agents Market
Based on crop type, the market for biocontrol agents has been segmented into fruits, cereals, oils, vegetables, and other crops. In terms of application, the market can be segregated into seed treatment, post-harvest, and on-field applications. The biocontrol agents market has been further divided into type of control agents such as parasitoids and predators. Based on the target pest covered, the biocontrol agents market can be segmented into arthropods, weed, and microorganisms. In terms of active substances, the market can be segregated into macrobials, entomopathogenic nematodes, and microbials.
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Biocontrol Agents Market: Trends and Opportunities
The market for biocontrol agents is expected to expand at a significant rate owing to the rising awareness among consumers about the consumption of contamination-free food. Plant diseases decrease the overall yield and productivity. This drives the usage of various chemical agents to suppress the disease-causing pests. Excess usage of chemical agents significantly impacts the quality of soil. It decreases the fertility of the soil and also makes pests resistant to chemical agents.
The microbials segments accounts for prominent share of the biocontrol agents market due to its cost effectiveness and potential to eliminate a wide range of pests. Outfield growers widely use microbials, as they are readily available. Bacterium-based biological control agents (BCAs) are primarily employed to suppress targeted pests. The on-field application segment dominates the biocontrol agents market. The segment is anticipated to expand rapidly during the forecast period due to the use of biocontrol agents The seed treatment segments also holds prominent share; it is projected to be one of the lucrative segments due to the easy availability and low cost of seed treatment products.
Lack of awareness about biocontrol agents among crop producers is the major restraining factor of the biocontrol agents market. Governments across the world need to take initiatives to promote the usage of biocontrol agents. Availability of effective pest control methods hampers the reach of biocontrol agents.
Biocontrol Agents Market: Region-wise Overview
North America holds the major share of the global biocontrol agents market due the wide acceptance and awareness of these products among farmers. The biocontrol agents market in the region is well established and is anticipated to expand further during the forecast period. The biocontrol agents market in Europe has been expanding significantly after the implementation of the European Commission’s (EC) framework regarding the usage of pesticides through Integrated Pest Management (IPM). EC promotes the usage of biocontrol agents along with other methods such as using different plant varieties and forecast.
EC also emphasizes on the low usage of chemical agents. Implementation of stringent government regulations is anticipated to boost the demand for biocontrol agents in Europe. The biocontrol agents market in Latin America is progressing at a significant pace owing to the efforts made by governments in the region to lower the usage of harmful chemical agents. The biocontrol agents market in Asia Pacific is projected to expand at a fast pace due to the rise in population and increase in demand for contamination-free food. Middle East & Africa is likely to offer less opportunities to the biocontrol agents during the forecast period.
Biocontrol Agents Market: Competitive Landscape
Key players operating in the biocontrol agents market include Novozymes, BASF SE, Koppert Biological Systems, Croppscience Bayer AG, Marrone BioInnovations Inc., and Syngenta AG.
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