Biocontrol Agents In Agriculture Industry to hold out at a Market Value of $11.00 Billion by 2027


Posted December 5, 2022 by bishansika01

The global biological control agents market was valued at $4.80 billion in 2021, which is expected to grow with a CAGR of 14.96% and reach $11 billion by 2027.
 
What are biological control agents?
The terms "biological control," abbreviated as "biocontrol," are used in biological disciplines like entomology and plant pathology. It is used in entomology to describe the usage of entomopathogenic nematodes, live predatory insects, and microbial infections to control pest insect populations. Additionally, in plant pathology, "biocontrol" means using microbial inhibitors to suppress diseases and using host-specific pathogens to manage weed populations. As a result, a biological control agent (BCA) is an organism that suppresses a pest or pathogen. These "natural enemies" or "opposing creatures" might be utilized in several ways.

Phases of Biocontrol market
The biological control agents market is still in the growing phase. Increased research and development collaborations, partnerships and other activities are underway to develop and expand the biological control agents market, which are expected to increase due to the shift in consumer preference for organic food products. Advancements and research in emerging economies is one of the major opportunities in the global biological control agents market.
The global biological control agents market was valued at $4.80 billion in 2021, which is expected to grow with a CAGR of 14.96% and reach $11 billion by 2027. The growth in the global biological control agents market is expected to be driven by increasing awareness regarding the harmful effects of chemical plant protection products, demand for organic food, and the advantages of biological control agents over the conventional chemical control products.

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Demand - Drivers and challenges faced
Following are the demand drivers for the biological control agents market:
• Increasing Awareness Regarding the Harmful Effects of Chemical Plant Protection Products
• Increasing Demand for Organic Food
• Advantages of Using Biological Control Agents over Chemical Products
The market is expected to face some limitations too due to the following challenges:
• Limited Shelf-Life of Biological Control Products
• Farmers’ Inhibitions Toward Biological Control Agents

Recent Developments in Global Biological Control Agents Market
• In March 2022, Bioceres Crop Solutions announced the merge agreement with Marrone Bio Innovations in an all-stock transaction. Bioceres' biological-based solutions (bio nutrition and seed care) would be combined with Marrone Bio's product portfolio and development pipeline for biological crop protection and plant health (bio nutrition and biostimulant products).
• In August 2021, Terramera, a global agtech pioneer and originator of Actigate technology, collaborated with Marrone Bio Innovations, Inc. to combine their technological and biological knowledge to improve crop protection product effectiveness and speed up product development.
• In April 2021, Biological Services, an Australian company, was acquired by Biobest Group NV. The two companies teamed up to begin a new age of biological control services in Australia.
• In February 2021, United Phosphorous Ltd. and Novozymes announced a collaboration to bring a variety of biological products to the Argentine market. Novozymes' biological products marketed under the Nitragin was then included in the UPL’s portfolio, giving the company a complete range of biosolutions and crop protection products.
• In September 2020, BASF acquired the proprietary Glu-L technology for L-glufosinate ammonium from AgriMetis. With the help of this acquisition, the company aims to offer its customers more efficient products to protect against unwanted weeds with an improved formulation.

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Impact on market
With an increased worldwide focus on achieving sustainability, the shift to eco-friendly, sustainable, and organically produced products brings significant sales and financing opportunities. The shift is more prominent in the food and beverages industry in regions such as North America and Europe. Thus, biological control agents products form the basis for the suitability criteria in agriculture. Hence, food produced with the organically produced raw material is a great option available for the consumers in the market demanding organic food such as organic fruits and vegetables.

Impact of COVID-19
Due to COVID-19, the transfer of plant protection products (PPPs) from local or other foreign sources to the ground use level was limited. The demand for heavy investments in biological crop protection increased. This increase occurred as COVID-19 impacted people regarding food security and made a shift to organic food consumption to ensure more robust supply chains. This has driven the demand for new product formulations such as bio fungicides, biopesticides, and bio stimulants, in the crop protection industry. This move may be attributed to the limited availability of traditional chemical products. Also, the limited supply increased the cost of chemical crop protection products. In manufacturing conventional agrochemical products, raw materials are used, and China, the leader in providing the raw material, was stuck in the lockdown. Thus, COVID- 19 forced the growers to look for other chemical alternatives. Hence, COVID-19 has impacted the growth of the biological control agents market.

The biological control agents market has huge market potential. With increasing investments, focus on sustainability in agriculture, and no harmful effects on the health of the crops and consumers, the market is expected to grow tremendously during the forecast period 2022-2027

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Issued By Bis Research
Country United States
Categories Agriculture
Tags biocontrol agents market , biological control agents industry , biological control agents report , bis research , biological control of insect pest
Last Updated December 5, 2022