Biological Control Agents Market is expected to register a CAGR of over 14.96% between 2022-2027

[mohit bisresearch]

The terms "biological control," abbreviated as "biocontrol," are used in biological disciplines like entomology and plant pathology. It is used in entomology to describe the usage of entomopathogenic nematodes, live predatory insects, and microbial infections to control pest insect populations. Additionally, in plant pathology, "biocontrol" means using microbial inhibitors to suppress diseases and using host-specific pathogens to manage weed populations. As a result, a biological control agent (BCA) is an organism that suppresses a pest or pathogen. These "natural enemies" or "opposing creatures" might be utilized in several ways.

Global Biological Control Agents Market: An Overview

The global biological control agents market was valued at $4.80 billion in 2021, which is expected to grow with a CAGR of 14.96% and reach $11 billion by 2027. The growth in the global biological control agents market is expected to be driven by increasing awareness regarding the harmful effects of chemical plant protection products, demand for organic food, and the advantages of biological control agents over the conventional chemical control products.

Impact of Biological Control Agents Market

With an increased worldwide focus on achieving sustainability, the shift to eco-friendly, sustainable, and organically produced products brings significant sales and financing opportunities. The shift is more prominent in the food and beverages industry in regions such as North America and Europe. Thus, biological control agents products form the basis for the suitability
criteria in agriculture. Hence, food produced with the organically produced raw material is a great option available for the consumers in the market demanding organic food such as organic fruits and vegetables.

North America generated the highest revenue of $1,675.89 million in 2021. North America is also expected to have a significant share of revenue during the year 2022-2027. Thus, in North America region, the biological control agents market is growing at a tremendous rate and will grow with a high CAGR 14.72% during the forecast period 2022-2027.

Demand - Drivers and Limitations

Following are the demand drivers for the biological control agents market:

• Increasing Awareness Regarding the Harmful Effects of Chemical Plant Protection Products
• Increasing Demand for Organic Food
• Advantages of Using Biological Control Agents over Chemical Products

The market is expected to face some limitations too due to the following challenges:

• Limited Shelf-Life of Biological Control Products
• Farmers’ Inhibitions Toward Biological Control Agents

Request For Sample: https://bisresearch.com/requestsample?id=1312&type=download

Recent Developments in Global Biological Control Agents Market

• In March 2022, Bioceres Crop Solutions announced the merge agreement with Marrone Bio Innovations in an all-stock transaction. Bioceres' biological-based solutions (bio nutrition and seed care) would be combined with Marrone Bio's product portfolio and development pipeline for biological crop protection and plant health (bio nutrition and biostimulant products).
• In August 2021, Terramera, a global agtech pioneer and originator of Actigate technology, collaborated with Marrone Bio Innovations, Inc. to combine their technological and biological knowledge to improve crop protection product effectiveness and speed up product development.
• In April 2021, Biological Services, an Australian company, was acquired by Biobest Group NV. The two companies teamed up to begin a new age of biological control services in Australia.
• In February 2021, United Phosphorous Ltd. and Novozymes announced a collaboration to bring a variety of biological products to the Argentine market. Novozymes' biological products marketed under the Nitragin was then included in the UPL’s portfolio, giving the company a complete range of biosolutions and crop protection products.
• In September 2020, BASF acquired the proprietary Glu-L technology for L-glufosinate ammonium from AgriMetis. With the help of this acquisition, the company aims to offer its customers more efficient products to protect against unwanted weeds with an improved formulation.