Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.83 Billion | USD 11.84 Billion | 8.20% | 2023 |
The global biocontrol agents market size was evaluated at $5.83 billion in 2023 and is slated to hit $11.84 billion by the end of 2032 with a CAGR of nearly 8.20% between 2024 and 2032.
The study includes drivers and restraints of the biocontrol agents market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the biocontrol agents market in North America and Europe.
Biocontrol agents are living organisms, such as mites, weeds, etc., which help in controlling other external pests by maintaining the balance between plant species and parasites and predatory organisms. These agents are eco-friendly and cost relatively less in comparison to other pesticides and fungicides. They are easily available and help in reducing other chemicals’ and pesticides’ use.
The rising awareness regarding the importance of contaminant-free food is expected to be the major driver for the growth of the biocontrol agents market in North America and Europe. The past few years have witnessed a sudden shift in the preference toward consumption of healthy food among the North American and European population, due to change in lifestyle. This change has resulted in increased consumption of contaminant-free food. Moreover, stringent regulation imposed by the governments to reduce the use of chemicals in agriculture is likely to further boost the biocontrol agents market in North America and Europe in the future.
However, many farmers and crop growers are not completely aware of the benefits of introducing biocontrol agents in their farming practices, which may restrain the biocontrol agents market. Additionally, the high growth potential of biocontrol agents in developing countries is expected to open new growth avenues for the key players operating in the biocontrol agents market over the estimated timeframe. Moreover, Integrated Pest Management (IPM) practice in developed countries is also projected to generate a high demand for biocontrol agents.
In order to give the users of this report a comprehensive view of the biocontrol agents market, we have included market trends, product definitions, and a summary of the market. In addition, the study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market in North America and Europe. Moreover, the study covers the product portfolio of various companies.
The biocontrol agents market in North America and Europe has been segmented based on crop type, environment covered, and biocontrol agents. The crop type segment includes fruits and tree nuts, vegetables, floriculture, and row crops. The environment covered segment includes open field and greenhouse. Based on biocontrol agents, Biocontrol agents market in North America and Europe has been segmented into macro-organisms, micro-organisms, chemicals, pollinators, pheromones, traps, and others.
Report Attributes | Report Details |
---|---|
Report Name | Biocontrol Agents Market Research Report |
Market Size in 2023 | USD 5.83 Billion |
Market Forecast in 2032 | USD 11.84 Billion |
Growth Rate | CAGR of 8.20% |
Number of Pages | 215 |
Key Companies Covered | Andermatt Biocontrol AG, BASF SE, Bayer AG, Biobest Group NV, BiolineAgroSciences Ltd., Certis USA L.L.C., Syngenta, Biocontrol Technologies SL, Koppert B.V., AMW Nützlinge GmbH, CBC (Europe) S.R.L., and FMC Corporation. |
Segments Covered | By Crop Type, By Environment Covered, By Biocontrol Agent and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the demand for North America and Europe.
The regional segmentation of the market includes North America and Europe. North America held the largest share of the biocontrol agents market in 2018. This can be attributed to the growth of Integrated Pest Management (IPM) practices in the region’s agricultural sector. Europe held a significant share of the biocontrol agents market in 2018, owing to the changing lifestyles of the European population.
The global biocontrol agents market profiles key players such as:
North America and Europe Biocontrol Agents Market: Crop Type Analysis
North America and Europe Biocontrol Agents Market: Environment Covered Analysis
North America and Europe Biocontrol Agents Market: Biocontrol Agent Analysis
North America and Europe Biocontrol Agents Market: Regional Analysis
FrequentlyAsked Questions
Biocontrol agents, which are also referred to as biological control agents, consist of naturally occurring substances or organisms derived from living organisms. Their purpose in agriculture and horticulture is to regulate pests and diseases. These agents provide an ecologically sustainable substitute for chemical pesticides and contribute to ecosystem equilibrium through the regulation of insect populations.
A growing consumer consciousness regarding the environmental and health advantages of organic food has led to an increased desire for sustainable and organic agricultural methods. As a result, biocontrol agents are in greater demand as alternatives to chemical pesticides.
The global biocontrol agents market size was evaluated at $5.83 billion in 2023 and is slated to hit $11.84 billion by the end of 2032.
The global biocontrol agents market a CAGR of nearly 8.20% between 2024 and 2032.
The regional segmentation includes the demand for North America and Europe.
Some key players operating in the biocontrol agents market in North America and Europe include Andermatt Biocontrol AG, BASF SE, Bayer AG, Biobest Group NV, BiolineAgroSciences Ltd., Certis USA L.L.C., Syngenta, Biocontrol Technologies SL, Koppert B.V., AMW Nützlinge GmbH, CBC (Europe) S.R.L., and FMC Corporation.
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