In 2021, the biocontrol agents market contributes $4,851.7 million revenue, and it is projected to capture $13,634.3 million in 2030, progressing at a rate of 12.2% from 2021 to 2030, ascribed to increase usage of biological products replacing the inorganic fertilizers, insecticides or pesticides boom the market. In addition, the biocontrol agents are eco-friendly, and effective in all seasons.
Moreover, Europe captures the significant biocontrol agents market, and its regional industry is projected to showcase a steady rise consistently in the near future, ascribed to the stringent regulations of governments on chemical pesticide use considering their harmful effects. For example, Europe aims to reduce the usage of hazardous pesticides by half in 2030.
The biocontrol agents industry is propelled by the active participation of companies in partnerships, acquisitions, and mergers to cater to the biopesticides demand, and thus creates numerous opportunities to expand themselves. For example, UPL Limited partnered with Chr. Hansen Holding A/S to launch ZOATIN, a bio solution that enables plant uptake and phosphorus used to enhance crop production
North America captures a significant share of the global biocontrol agents industry, and it is due to the vast availability of fertile land contributing to the increase in demand for organic products, and the growing awareness of the harmful effects of microbial pesticides. In addition, the agriculture sector in the U.S. has started to adopt natural and organic farming methods.
Therefore, the worldwide stringent government regulations to minimize the use of chemical-based pesticides, insecticides, and fertilizers drive the market.
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