Biocontrol Agents Market Size
Market Outlook:
Biocontrol Agents Market crossed USD 5.28 Billion in 2023 and is set to reach USD 20.87 Billion by end of the year 2032, witnessing more than 16.5% CAGR between 2024 and 2032.
Base Year Value (2023)
USD 5.28 Billion
CAGR (2024-2032)
16.5%
Forecast Year Value (2032)
USD 20.87 Billion
Historical Data Period
2019-2023
Largest Region
Europe
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:
Increasing demand for organic food products and growing awareness about the harmful effects of chemical pesticides on the environment and human health are driving the growth of the biocontrol agents market. In addition, stringent regulations regarding the use of chemical pesticides in various regions are further propelling the market growth. Moreover, the rising adoption of integrated pest management practices by farmers is expected to fuel the demand for biocontrol agents in the coming years.
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Active Substance, Crop, Application |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | BASF SE Syngenta Ag Cropscience Bayer Ag Biobest N.V Novozymes Koppert Biological Systems Andermatt Biocontrol AG Valent Bioscience Ag Certis USA Marrone Bio Innovations Isagro S.p.A. Certis Europe B.V. CBC (Europe) S.r.l. BioWorks Nufarm Limited |
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However, high costs associated with the development and production of biocontrol agents remain a major restraint for the market growth. The complexity of formulating and registering biocontrol agents also poses challenges for market players. Additionally, limited availability of skilled professionals in the field of biocontrol agents is hindering the market growth to some extent.
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