Global Biocontrol agents market is forecast to surpass USD 7.5 billion globally by 2025.
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Growing demand for organic farming will drive global biocontrol agents market trends, along with increasing regulations on synthetic chemicals in farms and subsequent bans on hazardous chemicals. Biocontrol agents are experiencing high demand on account of government initiatives across the globe promoting bio-based products. Growing awareness among consumers pertaining to chemically treated food products and their side-effects have prompted them to switch to organic food products.
Biological control agents possess an ability to replace chemical agents and also decrease emissions in the environment, resulting in lesser water and soil pollution. Unlike traditional pesticides, biological control agents are less detrimental and more specific to targeting pests. They decompose more easily without leaving any harmful residues, offering a significant potential to reduce the usage of pesticides as an integral part of pest management.
At present, sustainable agriculture is a major concern, considering both demographics of the world as well as crop productivity based on chemical control. In an effort to protect several varieties of crops such as cereals, grains, pulses, vegetables and fruits from pests and other herbivore organisms, biocontrol agents are used on a large scale.
The product is also used in conservatory or field crops to minimize diseases in flowers, fruits, cereals, grains, legumes, caused either by foliar or post-harvest pathogens. However, the slower response time of the product to achieve economic level of pest suppression might be a limitation to biocontrol agents adoption for pest control application.
Growth Drivers of Biocontrol Agents Market are
? Rising demand for organic farming in Europe
? Stringent regulations against chemical fertilizers
Fruits and vegetables are highly likely to contract diseases caused by weeds and pests. Consumers are increasingly getting aware about the adverse effects of pesticides on the environment, fruits & vegetables and on humans consuming pesticide treated food. This has fueled the utility of biocontrol agents across a variety of crops. Fruits & vegetables segment is expected to register a CAGR of 15% over 2019-2025.
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Microbial biological control agents are gaining significant popularity as they can be applied to crops to keep a check on plant pathogens that restricts plant growth. Utilization of these agents aids in residue and resistance management and also enhance nutrient uptake in the crops, improving overall health and productivity. Microbial biological control market are likely to hold around 60% of the overall industry share through 2025.
Seed treatment using biological control agents reduced the need for agrochemicals, which further results in lowering exposure to chemicals as well as their impact on the environment. Utilization of these agents in seed treatment significantly brings down production costs. Seed treatment application is likely to hold a 30% share of global biocontrol agents market size by 2025.
Followed by Asia Pacific region, Europe and North America are the major regional grounds for biological control industry. The region may create lucrative scope for biological agent manufacturers owing to the presence of many R&D firms, growing demand for organic farm products and high capital investments. Another major reason for large scale product utilization is the vast amount of urban population looking for crop protection technologies.
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Source: MarketersMedia
Release ID: 89039971
COMTEX_390848808/2773/2021-08-03T07:20:49
