Selbyville, Delaware, Sept. 23, 2019 (GLOBE NEWSWIRE) --
Global biocontrol agents market revenue is predicted to surpass a valuation of $7.5 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Growing demand for food products on account of growing global population along with increasing awareness towards the use of environment friendly fertilizers or agents will primarily drive the market over the forecast period. These agents can replace chemical agents, resulting in reduced water and soil pollution. Biocontrol agents finds unmatched demand from the organic farmers due to its natural origin coupled with lower impact on the ecosystem.
Europe observed a steep rise in adaption of organic framing on account of EU policymakers coming to terms with its role is sustainable farming and quality food production. According to EU, organic farming covered 13.36 million hectares of agricultural land in the EU in 2017. The increase in organic area between 2012 and 2017 was close to 30%. These trends will drive the biocontrol agents market demand over the forecast period.
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Among the active substance segment, by 2025 microbials will account for over 70% share in global biocontrol agents market. Microbials are a group of biological agricultural products that contain beneficial microbes. They are generally applied directly to a seed or sprayed directly on a plant. Among the microbial, bacteria use is growing due to their instant effect on insects through digestive tract. With growth of microbial use, the biological control agent demand will grow in demand over the forecast timeframe.
Under the crop segment, fruits & vegetables segment is expected to surpass USD 3.1 billion by the end of 2025. Fruits & vegetables are vulnerable to numerous diseases triggered by pests and weeds. Crop diseases can result in production loss to farmers and subsequent loss of revenue. Hence, biocontrol agents market will be growing on account increasing use in protection of cereals & grains and fruits & vegetable over the forecast timeframe.
Browse key industry insights spread across 274 pages with 379 market data tables & 21 figures & charts from the report, “Biocontrol Agents Market By Active Substance (Microbials [Bacteria, Fungi, Virus, Protozoa, Yeasts], Macro-organism [Insects, Mites, Nematodes], Biochemicals [Semio-Chemicals, Plant Extracts, Plant Growth Regulators, Organic Acid]), Crop (Fruits & Vegetables, Cereals & Grains, Pulses), Application (Seed Treatment, On-field, Post-harvest), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/biocontrol-agents-market
Ban on chemical pesticide use and on-field application of biocontrol agents shall have a positive outlook on the product demand. The on-field application of the product is effective and suitable due to huge demand of biocontrol products from organic farmers, this trend is likely to drive the demand of biocontrol products for the on-field application segment. They also result in high yield and render greater agility to crop to protect itself against insects and plant pathogens, thus, the on-field application segment will account over 40% market share by 2025.
Over last few years, the biocontrol agents market demand is observed to be highest from economies of Europe and North America. These regions will witness swift growth over the forecast timeframe owing to growing organic farming activities and escalating demand of organic food products. Furthermore, sustainable crop protection technologies; socio-political pressure for greener activities coupled with a progressively tough regulatory climate for chemical products will aid in increased product demand in these regions.
BASF SE, Syngenta Ag, Biobest N.V., Novozymes, Cropscience Bayer Ag, Koppert Biological Systems, Valent Bioscience Ag. and Andermatt Biocontrol AG are some of the important companies in the biocontrol agents market catering to growing demand across the globe. The companies are planning growth strategies by mergers & acquisitions to grow their share in the value chain.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.