Biocontrol Agents Market size shall reach a value of $10,553.6 Million in 2027, growing with a CAGR of 15% during the forecast period of 2020 to 2027.
Biocontrol agents are natural elements that control the population of undesirous plant pests from affecting the health of the crops. These agents have unparalleled importance in the farming industry.
Analysis by Crop
According to Crop, the segments are as follows: Fruits & Vegetables, Cereals & Grains, and Pulses.
Fruits & Vegetables hold a lion’s share of the market share. This is because these are usually the most farmed category among the mammoth volume of Global farming. They are also the major portion of a country’s export income. Thus, emphasis is laid on the use of Biocontrol agents for the protection of crops and to meet and exceed the quality requirements at the International level.
Cereals & Grains are projected to rise in demand. This is because of the increase in Animal rearing, where cereals & grains will find a newfound demand center. This will, in turn, increase the natural application of Biocontrol agents from this segment. This augurs very well for manufacturers in this space.
Analysis by Active Substance
According to the Active Substance involved, the three major segments are Microbials, Macro-organisms, and Biochemicals.
Additionally, Microbials are segmented into Bacteria, Fungi, Virus, Protozoa, and Yeasts. Macro-organisms have the following segments: Insects, Mites, and Nematodes. Lastly, Biochemicals are made up of Semio-Chemicals, Plant Extracts, Plant Growth Regulators, and Organic Acid.
Microbials are the most widely used Biocontrol agents owing to the ease with which they can be applied. Simple spraying or application on a seed is possible. Within Microbials, the leading type was Bacteria. It accounted for over half the market share of Microbials.
Analysis by Application
According to the Application, the main segments are Seed Treatment, On-field, and Post-harvest.
Chemical pesticides are being rapidly replaced by Biocontrol agents due to shifting consumer preferences for naturally treated foods. Another marvelous effect of Biocontrol agents is that they aid in increasing product yields. This benefit is of immense value to the farmers as they face a lot of trouble with dwindling crop performances due to a plethora of reasons.
All application segments will perform hand in hand and grow considerably over the forecasted time. The growth patterns will be comparable across all three applications due to the immense practical benefits the Biocontrol agents bring with themselves.
Analysis by Region
The European Union is the undisputed leader in the adoption of Biocontrol agents in its economy. The governments and consumers are mostly on the same page concerning the hazards of Chemicals-based pesticides. The natural demand-pull from the consumers will implement the updated government policies in this region.
The dynamics of a healthy demand are aided due to the presence of advanced companies in this industry in the region. Thus, it is a self-fulfilling prophecy. Investors looking to enter the Biocontrol agents market will find a tremendous work environment in Europe.
Analysis by Leading Organizations
Some of the world’s leading manufacturers of Biocontrol agents are BASF SE, Syngenta Ag, Cropscience Bayer Ag, Biobest N.V., Koppert Biological Systems, Andermatt Biocontrol AG and Valent Bioscience Ag.
Sustainability incorporation will be the biggest success factor in this industry. The product is linked with an evergreen industry, viz. Farming. Thus, the manufacturers in this space can take satisfaction from the fact that their product will never face extinction till time immemorial. All that needs to be ensured is that the product has minimal environmental impact so that a healthy revenue stream can be maintained.
COVERAGE HIGHLIGHTS
● Market Revenue Estimation and Forecast (2019 – 2026)
● Market Production Estimation and Forecast (2019 – 2026)
● Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
● Breakdown of Revenue by Segments (2019 – 2026)
● Breakdown of Production by Segments (2019 – 2026)
● Breakdown of Sales Volume by Segments (2019 – 2026)
● Gross Margin and Profitability Analysis of Companies
● Business Trend and Expansion Analysis
● Import and Export Analysis
● Regional Analysis and Market Data Breakdown
MARKET SEGMENTATION
By Crop Outlook ($Revenue and Unit Sales, 2019-2026)
• Fruits & Vegetables
• Cereals & Grains
• Pulses
By Active Substance Outlook ($Revenue and Unit Sales, 2019-2026)
• Microbials
• Bacteria
• Fungi
• Virus
• Protozoa
• Yeasts
• Macro-organism
• Insects
• Mites
• Nematodes
• Biochemicals
• Semio-Chemicals
• Plant Extracts
• Plant Growth Regulators
• Organic Acid
By Application Outlook ($Revenue and Unit Sales, 2019-2026)
• Seed Treatment
• On-field
• Post-harvest
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• U.S.
• Canada
• Germany
• UK
• France
• Spain
• Italy
• Greece
• Sweden
• Russia
• China
• India
• Japan
• South Korea
• Brazil
• Mexico
• South Africa
Leading Organizations
• BASF SE
• Novozymes A/S
• Koppert Biological Systems
• Cropscience Bayer AG
• Syngenta AG
• Biobest N.V.
• Valent Biosciences LLC
• Andermatt Biocontrol AG
• CBC EUROPE SRL
• Viridaxis S.A.
