What Are The Predicted Market Size And Growth Rates For Global Biocides Market?
The biocides market size has seen solid growth in recent years. It is expected to expand from $12.99 billion in 2024 to $13.75 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. This growth in the historic period can be attributed to factors such as the growing population and urbanization, expansion of the healthcare sector, increasing hygiene awareness, rising concerns about water quality, stringent regulations on preservatives, and preventive measures in agriculture.
Looking to the future, the biocides market size is predicted to experience strong growth in the coming years, reaching $18.95 billion in 2029 with a compound annual growth rate (CAGR) of 8.4%. This forecasted growth can be attributed to the development of bio-based biocides, expansion of oil and gas exploration, demand in wood preservation, increasing consumer awareness, focus on antimicrobial textiles, and growth in personal care products. Trends forecasted for the coming period include increased use in water treatment, innovations in microbial control, biosecurity measures in agriculture, a rise in antifouling solutions, and emerging technologies in biocide delivery.
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What Are The Major Growth Drivers in The Biocides Market?
A significant driver across industries is the increased use of antimicrobial protection. This refers to a substance that displays the ability to reduce or inhibit levels of microorganisms, including bacteria and mold. Biocides have widespread applications as antimicrobial, disinfectant, and preservative agents in various sectors such as agrochemicals, food & beverages, water treatment, paints & coatings, cosmetics & personal care, oil & gas, and pulp & paper. In healthcare institutions, the use of biocides is crucial to preventing and controlling the spread of infectious diseases. The Food & Drug Administration (FDA), for example, announced in March 2024 that it would provide cooperative agreements totaling up to three awards of $600,000 for the fiscal year (FY) 2024 and up to five awards of $1,000,000 for FY 2025, marking it part of the FDA’s ongoing efforts to collect data on antimicrobial use in animals. Consequently, the rise in the use of antimicrobial protection across industries drives the biocides market’s growth.
What Are The Key Segments in The Biocides Market?
1) By Type: Oxidizing Biocides, Non-Oxidizing Biocides
2) By Grade: Food Grade, Pharmaceutical Grade, Industrial Or Technical Grade
3) By End User: Agrochemicals, Food And Beverages, Water Treatment, Paints And Coatings, Wood Preservatives, Cleaning Agents, Other End Users
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Who Are The Major Players in The Biocides Market?
Prominent companies operating in the biocides market include Chem Treat Inc., The Dow Chemical Company, LANXESS AG, Thor Group Limited, BASF SE, Kemira Oyj, Solvay SA, Nouryon Holding B.V., Solenis LLC, Veolia Environnement S.A., Troy Corporation, Sigma-Aldrich Corporation, BWA Water Additives, General Electric Company, Italmatch Chemicals S.p.A., Ecolab Inc., Evonik Industries AG, Clariant AG, Corbion NV, Kemin Industries Inc., Albemarle Corporation, Reckitt Benckiser Group PLC, GOJO Industries Inc., Henkel AG & Co. KGaA, Unilever N.V., Akzo Nobel NV, Buckman Laboratories International Inc., Hexion Inc., Lonza Group Ltd.
What Are The Emerging Trends in The Biocides Market?
Biocide companies are focusing on developing innovative products such as ENTAZIA to protect crops and enhance yields for rice farmers. ENTAZIA is a broad-spectrum biocide effective against various plant diseases, including rice leaf blight. It is also a highly selective biocide, thus effective against harmful organisms while leaving beneficial ones unharmed. For instance, FMC Corporation, a US-based chemical manufacturing company, launched its new biocide, ENTAZIA, in India to combat rice leaf blight in August 2023.
Which Region Holds The Largest Share in The Biocides Market?
Asia-Pacific was the largest region in the biocides market in 2024. The regions covered in the biocides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Biocides Market Report 2025 Offer?
Biocides refer to a chemical compound or a microorganism used to eliminate, neutralize, discourage, or control a harmful organism biologically or chemically. The biocides are used for a wide range of applications, such as adding them to cosmetics and personal care products, treating drinking water, treating skin infections, and protecting animal food from microorganisms. To keep systems safe, well-maintained, and operating at their best, chemical biocides are essential for ensuring water quality at all times. The Biocides Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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