Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Biocontrol Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
As sustainability continues to become a global priority, the biocontrol market is experiencing phenomenal growth. A recent market report highlights the unprecedented expansion of this industry, with projections reaching $7.08 billion by 2024. This growth is fueled by a compound annual growth rate (CAGR) of 17.3%, reflecting the increasing adoption of environmentally-friendly pest control methods.
The demand for organic products and the rise of non-GMO goods are propelling the shift towards biocontrol strategies compatible with sustainable agriculture. As the industry gears up for this rapid growth, stakeholders, including consumers and producers, are eagerly monitoring the trends and innovations that are shaping the future of biocontrol.
Key Drivers and Trends Influencing the Biocontrol Market
- Adoption of Sustainable Practices: The transition towards eco-friendly agricultural approaches is one of the prime catalysts for the booming biocontrol sector.
- Regulatory Support: A robust regulatory framework endorsing sustainable farming methods underpins the market's expansion.
- Technological Innovations: Continuous research and development efforts are resulting in advanced biocontrol solutions that cater to diverse agricultural needs.
- Rising Organic Farming: Mounting consumer preference for organic produce further endorses the significance of biological control mechanisms in modern agriculture.
- Climate Change and Pest Infestations: Global changes in climate patterns are increasing pest-related challenges, creating a substantial market for biocontrol products.
Major Findings from the Biocontrol Market Report
- North America leads the global market, with strong growth anticipated in other regions, including Asia-Pacific and Western Europe.
- Market segmentation identifies bioinsecticides, biofungicides, bionematicides, and bioherbicides as core categories proliferating across various crops and applications.
- Key industry players are heavily vested in innovation, offering new products and training platforms to support sustainable practices.
The report encompasses valuable insights into the biocontrol market spectrum, emphasizing the pivotal role of biopesticides in shaping the future of agriculture. It stresses the importance of understanding market dynamics, competitive landscapes, and regional growth patterns for businesses and policymakers. The biocontrol market's trajectory signals a transformative era in the global agricultural sector, driven by environmental stewardship, technology, and consumer demand for sustainability.
Advancements in biocontrol are set to offer new opportunities for efficient and eco-friendly pest management, and the industry stands ready to meet the challenges of a growing world with innovative and sustainable solutions.
This comprehensive market report serves as an essential resource for stakeholders, delivering an in-depth analysis of the current and future scenarios of the biocontrol industry. It offers stakeholders a strategic edge in understanding and capturing the potential of the market for sustainable agriculture practices.
A selection of companies mentioned in this report includes
- 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.
For more information about this report visit https://www.researchandmarkets.com/r/pbb898
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