BioControl Agents Market Capitalizing On Indigenous Farmer Communities
Posted on Sep 11 2019 12:03 PM
"The biocontrol market revenue has been evaluated at $3.7 billion. During the forecast period 2018-2023, this market will grow with a healthy CAGR of 9.86%. "
Food contamination through addition of chemical pesticides and insecticides while farming is a major growth driver for the biocontrol agents market according to a recent report published by IndustryARC. As per the World Health Organisation, approximately 33 million people die every year on account of contaminated food consumption. This has instigated the governments of several countries to implement stringent regulations regarding management of control agents in farming. The biocontrol agents market key players are banking on increasing consumer inclination towards food free from any additional effects of pesticides, and will continue to grow on the same premise. Consumer awareness pertaining to the effectiveness of biocontrol agents in agricultural activities and prevention of contamination is another significant growth driver of the market. By the end of 2023, the biocontrol market revenue has been evaluated at $3.7 billion. During the forecast period 2018-2023, this market will grow with a healthy CAGR of 9.86%.
The report is titled ‘BioControl Agents Market: By Active Substance (Microbials, Macrobials); By Application (Seed Treatment, On-Field); By Environment (Horticulture, Out Field Crops); By Crop Type (Vegetables & Fruits, Cereals & Grains); By Target Pest (Arthropods, Weeds, Microorganisms); By Geography - Forecast (2018-2023).’ This report has been meticulously prepared in order to bring forth a detailed study that covers stringent governmental regulations on the current environmental crisis that has enabled the growth of biocontrol market. The report covers BioControl Agents Market size by type and applications, BioControl Agents Market share by top 5 companies and also the market share by start-ups during the forecast period.
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BioControl Agents Market: Regional Analysis
North America has been evaluated as the geographical leader of the global biocontrol market for several reasons. This region consists of United States of America and Canada which already have well-established and mature agricultural markets, and are now equipping biocontrol agents into their systems. Growth of precision agriculture which involves observation and measurement of crops has also acted as a significant contributing factor for this region. Another important factor is educational propagation of biocontrol agents to the farmers, sales representatives, and distributors involving training and tutoring.
BioControl Agents Market: Opportunities
The major opportunities of this market lie in hefty investments by key market players in biological solutions with a focus on research and development capabilities. In 2016, BASF SE inaugurated a new research and development centre for biological crop protection in Ludwigshafen, Germany. This was set up in order to combat pathogenic issues occurring in agriculture and horticulture.
Another opportunity area for this market exists in spreading awareness amongst the farmers of emerging nations such as India. India, where agriculture has always been a primary occupation is being solicited by key market players to expand sales of biocontrol agents through collaboration with indigenous farming communities and advertising on social media.
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BioControl Agents Market: Competitive Landscape
Key market players of the biocontrol agents market have invested a considerable amount of resources into effective marketing of these agents for the production of pest-free yields throughout the world. These companies include BASF SE, Syngenta, Bayer AG, Novozymes, Marrone Bio Innovations, Bioline Agrosciences Ltd., Biobest Group NV, Certis USA LLC, Andermatt Biocontrol AG, and Koppert B.V.
BASF SE recently expanded its biocontrol consumer base to the Indian rice market which has solicited the use of these agents for increasing rice yields and managing crop diseases.
Bayer AG entered into a five-year collaborative research project agreement with the Institute of Molecular Biology and Biotechnology to develop highly-functional insect control solutions.
A. Crop Protection Chemicals Market
B. Plant Growth Regulators Market
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