Biocontrol agents market size is segmented based on crop which includes cereals & grains, fruits & vegetables, pulses and others. Fruits & vegetables has attained the highest market size over the past many years owing to higher demand across the globe. In addition, prevailing demand for cereals & grains primarily in Asia Pacific is expected to drive the biocontrol agents market size during the forecast period.
Based on active substances, the biocontrol agents market size is segmented into macrobials, microbials and entomopathogenic nematodes. Microbials are further divided into bacteria, fungi and virus whereas macrobials include parasitoids, predators and weed killers. They have the tendency to replace the use of chemical based pesticides and herbicides and will subsequently propel the biocontrol agents market size by 2024.
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In terms of target pest, the biocontrol agents market size is segmented into arthropods, microorganisms and weed. Wide range of product in the market are employed in controlling variety of pest growth in plants to enhance crop productivity without impacting environment. Lesser product impact in the market compared to conventional methods of using pesticides is projected to stimulate the biocontrol agents market size by 2024.
Based on application, the biocontrol agents market size is divided into seed treatment, on-fields application and post-harvest. Extensive use of product at every stage of crop production to enhance productivity is expected to positively influence the biocontrol agents market size in the coming future.
Global Biocontrol Agents Market size is escalating and is anticipated to attain a healthy CAGR during the forecast period. Prevailing diseases hinder the quality and plant production which is usually controlled by using chemical agents including herbicides and pesticides. However, pests have attained resistance against pesticides due to consistent use for an extended period.
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Asia Pacific industry share is projected to escalate in the coming future due to increasing awareness for contamination free food among consumers. In addition, shifting focus from toxic pesticides use to biocontrol agents will effectively contribute towards biocontrol agents market size in the coming years.
Key global biocontrol agents market size contributors are Novozymes, Koppert Biological Systems, Marrone BioInnovations Inc., BASF SE, Croppscience Bayer AG, Syngenta AG, Biobest N.V., Monsanto Company Inc., Certis USA LLC and Andermatt Biocontrol AG. Most of the industry players have presence across multiple stages of industry ecosystem. For instance, Koppert Biological Systems is effectively engaged in manufacturing and distribution of product across the globe.
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