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Biocontrol Market Expected to Reach $13.7 Billion by 2027, at a CAGR of 15.8%

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Biocontrol Market Expected to Reach $13.7 Billion by 2027, at a CAGR of 15.8%

January 31
11:28 2023
Biocontrol Market Expected to Reach $13.7 Billion by 2027, at a CAGR of 15.8%
MarketsandMarkets™
The North American and European areas are regulating them to assure food safety, security, and environmental sustainability. Consumer awareness and the demand for organic food are both soaring. The biocontrol market is fueled by a combination of all these factors.

The global biocontrol market is estimated to be valued at USD 6.6 billion in 2022. It is projected to reach USD 13.7 billion by 2027, recording a CAGR of 15.8% during the forecast period. Biocontrol solutions are naturally derived crop protection solutions such as biopesticides and semiochemicals. They are derived from natural sources such as microbials, biochemicals, and macrobials. Traditional agricultural chemicals are harmful to both the environment and people’s health. Thus, policymakers across the globe, notably in the North American and European areas are regulating them to assure food safety, security, and environmental sustainability. Consumer awareness and the demand for organic food are both soaring. The market is fueled by a combination of all these factors.

Biocontrol Market

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Drivers: Rapid spike in pest proliferation as a consequence of climate change

Plant diseases and pests are more frequent as a result of climatic circumstances’ rapid changes. Climate change has a considerable impact on agricultural productivity and pest susceptibility throughout time. Changing climatic circumstances make crops more vulnerable to various illnesses and pests, which reduces crop production as a whole. As a result, climate change not only causes farming practises to diverge but also lower crop output. These elements have increased farmers’ reliance on high-quality crop protection products for efficient pest prevention, driving up market demand for biocontrol over the coming few years. Thus, it is anticipated that during the research period, demand for biocontrols will rise.

Traps mode of application in semiochemicals market is projected to grow at a highest CAGR of 15.8% during the forecast period

Semiochemicals are applied through modes such as dispensers, sprays, and traps. Traps are projected to grow at fastest CAGR during the forecast period. This is due their convenient and ready-to-use nature. Generally, pheromone traps are employed to trap certain insect species. To entice insects, a semiochemical attractant is used inside the trap. Traps are also utilised for mass monitoring and trapping. The number of traps per unit area is increasing efficiently to capture more insects in the case of mass capturing, nonetheless. Delta traps, sticky traps, winged traps, and funnel traps are some of the most used pheromone traps.

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North America dominated the market, with a value of USD 2,597.3 million in 2022; it is anticipated to grow at a CAGR of 16.1% and reach USD 5,472.3 million by 2027

In 2022, North America’s share of the worldwide biocontrol market was estimated to be 39.5%. US, Canada, and Mexico are among the North American nations taken into account for the study of the market. One of the main factors influencing the market adoption of biocontrol is the loss of conventional products due to registration or product performance concerns. Research is a major area of concentration for many important companies, including Corteva Agriscience, FMC Corporation, and Marrone Bio Innovations.

In terms of the end-use application industry, there is no stand-out trend. However, foliar sprays in the biopesticides segment and traps in the semiochemicals segment are projected to witness the fastest growth.

The key players in this market include BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), and Corteva Agriscience (US).

Related Reports: 

Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bionematicides, and Bioherbicides), Source (Microbials, Biochemicals, and Beneficial Insects), Mode of Application, Formulation (Dry, Liquid), Crop Type and Region – Global Forecast to 2027

Agricultural Microbials Market by Function (Soil Amendment and Crop Protection), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Type, Mode of Application, Formulation, and Region – Global Forecast to 2027

Agricultural Biologicals Market by Function, Product Type (Microbials, Macrobials, Semiochemicals, Natural products), Mode of Application (Foliar Spray, Soil and Seed treatment), Crop Type and Region – Global Forecast to 2027

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