Overview and Scope
Biocontrol refers to the use of living organisms or their products to control pests or diseases that can harm crops and livestock. It is commonly used to reduce the damage caused by pests and diseases and to minimize the use of synthetic chemicals that can harm non-target organisms and the environment.
Sizing and Forecast
The biocontrol market size has grown rapidly in recent years. It will grow from $6.03 billion in 2023 to $7.08 billion in 2024 at a compound annual growth rate (CAGR) of 17.3%. The growth in the historic period can be attributed to growing awareness of environmental impact, regulatory support and compliance, consumer demand for organic products, resistance to chemical pesticides, globalization of agriculture.
The biocontrol market size is expected to see rapid growth in the next few years. It will grow to $12.96 billion in 2028 at a compound annual growth rate (CAGR) of 16.3%. The growth in the forecast period can be attributed to continued regulatory emphasis on sustainability, increasing demand for organic and non-gmo products, climate change impacts on pest patterns, focus on precision agriculture, continued resistance to chemical pesticides. Major trends in the forecast period include increasing demand for sustainable agriculture, advancements in biotechnology, stringent regulations on chemical pesticides, rise in organic farming practices, integration of digital technologies.
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Segmentation & Regional Insights
The biocontrol market covered in this report is segmented –
1) By Biopesticides: Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides, Other Biopesticides
2) By Crop Type: Grains and Cereals, Oilseeds and Pulses, Fruits and Vegetables, Other Crop Types
3) By Mode Of Treatment: Soil Treatment, Seed Treatment, Foliar Spray, Post-harvest, Other Modes Of Treatment
Top 5 Major Players:
- BASF SE,
- Bayer AG,
- Corteva Agriscience,
- United Phosphorus Limited,
- Syngenta AG
North America was the largest region in the biocontrol market in 2023. The regions covered in the biocontrol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising incidence of pest infestations is expected to propel the growth of the biocontrol market going forward. Pest infestation refers to the presence and rapid multiplication of pests that pose a threat to crops, livestock, or other organisms. The rising incidence of pest infestations is mostly driven by intensive agriculture, urbanization, climate change, ineffective pest management practices, and rapid changes in land use, where biocontrol products are designed to control pests by managing pest populations more sustainably. For instance, in June 2021, according to the Food and Agriculture Organization (FAO), a United Nations Agency, it was estimated that around 40% of global crops in 2021 were destroyed by pests, causing a loss of $220 billion. As a result of climate change, plant pests are becoming more destructive and they are causing increasing threats to food security and the environment. Therefore, the rising incidence of pest infestations will fuel the biocontrol market growth.
Key Industry Players
Major companies operating in the biocontrol market report are BASF SE, Bayer AG, Corteva Agriscience, United Phosphorus Limited, Syngenta AG, Koppert Biological Systems BV, BrettYoung Seeds Limited, Certis USA LLC, Chr. Hansen Holding A/S, Marrone Bio Innovations Inc., Symbiota Inc., Precision Laboratories LLC, Verdesian Life Sciences LLC, Valent Biosciences LLC, Biobest Group NV, FMC Corporation, Shin-Etsu Chemical Co. Ltd., Suterra LLC, Isagro S.PA, Russell IPM, Novozymes A/S, Bioworks Inc., Andermatt Group AG, Sumitomo Chemical, Mitsui & Co. Ltd., Nufarm Limited, BioConsortia Inc., Agrauxine, Nippon Soda Co. Ltd., Bion Tech Inc., Phyllom BioProducts, Eagle Plant Protect Pvt. Ltd., e-nema GmbH, Vestaron Corporation, Gowan Company, Cartotecnica CBC Srl., Bioline AgroSciences Ltd.
The biocontrol market report table of contents includes:
1. Executive Summary
2. Biocontrol Market Characteristics
3. Biocontrol Market Trends And Strategies
4. Biocontrol Market – Macro Economic Scenario
5. Global Biocontrol Market Size and Growth
….
31. Global Biocontrol Market Competitive Benchmarking
32. Global Biocontrol Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Biocontrol Market
34. Biocontrol Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Biocontrol Market, Segmentation By Biopesticides, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Biocontrol Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Biocontrol Market, Segmentation By Mode Of Treatment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: BASF SE Financial Performance
Table 75: Bayer AG Financial Performance
Table 76: Corteva Agriscience Financial Performance
Table 77: United Phosphorus Limited Financial Performance
Table 78: Syngenta AG Financial Performance
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