Biocontrol Agents Market Size
Global Biocontrol Agents Market reached US$ 6.10 billion in 2022 and is expected to reach US$ 11.37 billion by 2031, growing with a CAGR of 8.1% during the forecast period 2024-2031.
The global biocontrol agents market has witnessed significant growth and transformations over the years. Biocontrol agents are typically derived from living organisms such as bacteria, fungi, and others, they effectively control pests and diseases in a wide range of crops, and also, act through multiple modes of action, which helps in reducing the resistance development of pests. Hence, such factors can help in increasing the global biocontrol agents market.
Furthermore, manufacturing companies are highly focused on developing innovative biocontrol agent products. For instance, Corteva company produces Hearken biological insecticide is a virus that targets Heliothine species, such as corn earworms, tobacco budworms, and the Old World bollworm. It is used as a foliar application and Hearken is safe for beneficial and non-target organisms and complements traditional chemistries to easily fit within integrated pest management programs. Hence, such products can help in increasing the adoption rate.
The microbial fungi biocontrol agents are highly used in the global market. Similarly, the Asia-Pacific region remains the largest consumer and producer of biocontrol agents. There is a presence of vast agricultural land and the government in this region has taken some initiatives, which can help in increasing the market for biocontrol agents.
Market Summary
| Metrics | Details |
| CAGR | 8.1% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Active Substance, Product Type, Distribution Channel, Crop Type, Target Pest, Application, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | North America |
| Largest Region | Asia-Pacific |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Rising demand for Alternatives to Chemical Based Crop Protection Agents
Growing awareness of environmental issues and Stringent regulations on the use of chemical pesticides, are making farmers shift to biological control agents. These biocontrol agents are typically derived from living organisms such as bacteria, and others. They are highly effective in controlling the pest and also leave fewer residues on the crop. Hence, such factors can help in increasing the market growth.
Furthermore, as the demand for alternatives to chemical products is increasing, many manufacturers are focusing on this market. For instance, in December 2021, CABI's, stem-boring weevil Listronotus steosipennis was approved for release as a biocontrol agent for the management of Parthenium hysterophorus in Pakistan. Hence, it can help in increasing the market growth.
Increase in Demand for Organic Farming
The demand for organic farming is increasing globally. For instance, according to the National Programme For Organic Production (Npop) of 2022-23, the organic cultivation area of India is 1764677.15 Ha, and the production of organic products in India is 2664679.54 MT. Hence, the boosting demand for organic products can help in increasing the market for biocontrol agents.
Furthermore, as the demand for organic products is increasing, farmers are adopting these biocontrol agents, as they are derived from living organisms, they also provide effective pest control, without causing harm to beneficial insects, and soil health, and less or no residues left on the crop. Hence, such factors can help in driving the market growth.
High Manufacturing Cost
Many biocontrol agents, particularly those based on microbes such as bacteria and fungi, necessitate complex fermentation and cultivation processes. These processes involve optimizing growth conditions, ensuring sufficient nutrient supply, scaling up production, and other factors that could add additional costs to production.
According to a study published by David Williams of Agriculture Victoria in September 2019 on the Cost of Biologicals versus Chemicals, a very rough approximate cost of releasing biocontrol agents ranges from $300 to $900 per hectare. As a result, the high manufacturing cost could hinder market growth.
Market Segment Analysis
The global biocontrol agents market is segmented based on active substance, product type, distribution channel, crop type, target pest, application, and region.
Increase in Demand for effective biocontrol agents
The microbial fungi segment accounts for the largest share of the global biocontrol agents market, Fungi biocontrol agents are often highly specific to their target pests or pathogens. Also, they perform multiple modes of action against pests, as they are microorganisms they are well-suited for organic farming practices, hence, such factors can help in increasing the market growth.
Furthermore, manufacturers are launching innovative products into the market, which can help in increasing the market share. For instance, in March 2020, Bayer launched its first bio fungicide, Serenade, it contains QST713, a biocontrol microorganism, which is a gram-positive rod-shaped bacteria widely distributed in different living environments. It boasts of strong stress resistance, widely existing on the surface of soil and plants. Hence, such products can help in increasing the market growth.
Market Geographical Share
Vast Agricultural land and Government Initiatives
Asia-Pacific has been a dominant force in the global biocontrol agents market and its significance has only grown, as the region has high agricultural lands, the farmers in this region are highly adopting these biocontrol agents for pest control as alternatives to chemical or synthetic pesticides. Hence, it can help in increasing the market growth.
In addition, the presence of vast agricultural land in this region can help increase the adoption rate of biocontrol agents, for instance, according to the Department of Agriculture, Fisheries, and Forestry report of 2022, Australian agriculture accounts for 55% of Australian land use which accounts around 427 million hectares. Hence, such high agricultural lands can drive the market in this region.
Additionally, the government in this region also provides some initiatives. For instance, in May 2023, the Union Minister of Agriculture and Farmers Welfare Government of India inaugurated the Integrated biological control laboratory at the National Institute of Plant Health Management (NIPHM) in Hyderabad, Telangana. Hence, such initiatives can help in increasing the production of biocontrol agents.
Market Key Players
The major global players in the market include BASF SE, Valent BioSciences, Pro Farm Group Inc, Biobest Group, Syngenta, Corteva, Nufarm, UPL, Bayer Group, and Koppert.
COVID-19 Impact Analysis On Biocontrol Agents Market
The pandemic has brought both positive and negative impacts on the global biocontrol agents market, during pandemic the demand for organic products has increased rapidly which helps in increasing the demand for biocontrol agents, also during the pandemic due to government lockdown the supply chain has been disrupted which can show a negative impact on global biocontrol agents market.
Key Developments
- In August 2021, Andermatt Group announced the acquisition of a majority stake in Vital Bugs. Vital Bugs is a core business in the rearing and releasing of microbial biocontrol agents in the South African perennial crop industry. This acquisition's main aim is Andermatt and Vital Bugs will collaborate in R&D, pipeline innovations, sales, and marketing. The vision is to enhance the biological product portfolio in established IPM (Integrated Pest Management) programs and jointly grow the biocontrol industry in Africa.
Why Purchase the Report?
- To visualize the global biocontrol agents market segmentation based on active substance, product type, distribution channel, crop type, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of biocontrol agents market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global biocontrol agents market report would provide approximately 85 tables, 93 figures, and 186 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
