Biological Control Agent Market to be dominated by Microbials type through 2028
Increasing demand for organically cultivated product is
expected to drive the Global Biological Control Agent Market in the forecast
period, 2024-2028.
According to TechSci Research report, “Biological Control Agent Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028”, Global Biological
Control Agent Market is anticipated to grow at an impressive rate in the
forecast period, 2024-2028. This can be ascribed to the rising demand and
easy availability for bio-based products, increasing investment of major
players in the biological solutions especially in research and development
field. Increasing demand for organically cultivated food product, increasing
utilization of bio-based product over the chemical products, need for the use
of sustainable agricultural practices will propel the market growth. Increasing
demand for technological advancement to improve biological control agent is the
major factors are further expected to increase the demand for biological
control agent market in the forecast period.
However, increasing
plant disease, using chemical agents such as herbicides and pesticides may
hamper the Global Biological Control Agents Market in the forecast period. On
the other hand, inadequate amount of shelf life of biological control products can
further hamper the market growth in the forecast period.
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The Global Biological
Control Agents Market
is segmented into product type, target, mode of application, crop and by region.
Based on Crop, the Global Biological
Control Agents Market can be segmented
into Cereals, Fruits
& Vegetables, Pulses & Oilseeds, and Others. The cereals
are expected to dominate the market for the
forecast period because of the increasing demand for plant diseases management
and owing to significant increase in animal feed demand, management of various
pest and weeds that could potentially damage agricultural crop and forestry.
Based on application, the Global Biological
Control Agents Market can be segmented
into Seed Treatment,
Foliar Spray, Soil Treatment, and Others.
Foliar Spray is predicted to dominate the market in 2020 and maintain its
dominance throughout the forecast period. However, Foliar sprays are
absorbed 20 times faster by plants than soil-applied nutrients. Increasing low
fertility and low soil temperature during the growing season and Plants that
are subjected to other types of stress, such as drought, heat, cold, mechanical
or insect damage, or diseases, benefit from foliar will boost the market growth
in the forecast period.
Based on type, the Global Biological Control
Agents Market can be divided into Microbials and Macrobials. The Microbial segments are expected to dominate the market
in 2020 and maintain its dominance throughout the forecast period. However, Microbial biological
control agents have three distinct characteristics that make them interesting
to farmers resistance management, restricted entry intervals and residues.
Because most MBCAs have numerous modes of action, there is less chance of a
virus, insect, or weed developing resistance. As a result, MBCAs are a valuable
tool in Integrated Pest Management (IPM) programs, where synergistic effects
can be used to reduce chemical input or restore efficacy and are further
expected to propel the growth of the Biological Control Agents Market in the
forecast period.
Major companies operating in global biological control agents market are:
- BASF SE
- Certis USA L.L.C
- Bayer CropScience Limited
- Syngenta AG
- Nufarm Limited
- Biobest Group NV
- Gowan Company, L.L.C.
- Marrone Bio Innovations, Inc.
- United Phosphorous Ltd.
- Koppert BV
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“North America region
is expected to register the highest growth in the Global Biological Control
Agents Market on account due to the growing awareness of chemical hazards on
environment and humans, early adoption of regulation and policies of organic
farming in the region, increasing demand for product in the region is likely to
remain upward due to increasing consumers preference towards organic
products. Similarly, growing organic
farming trend and demand of organic products in the region, increasing demand
for safer and sustainable crop protection technologies and political, societal
pressure for greener practices are expected to propel the market growth till
2028.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Biological
Control Agents Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028 Segmented By Product Type (Microbials v/s Macrobials), By Target (Arthropods, Microorganism, Weeds), By Mode of Application (Seed
Treatment, Foliar Spray, Soil Treatment, Others), By Crop (Cereals, Fruits & Vegetables, Pulses & Oilseeds,
Others), By Region and Competition”, has evaluated the future growth potential of global biological
control agents market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in global biological control agent’s
market.
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