Microbial BioControl Agents is fastest growing segment fueling the growth of BioControl Agents Market

 The global BioControl Agents Market is estimated to be valued at US$ 4.87 Bn in 2023 and is expected to exhibit a CAGR of 8.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:
Biocontrol agents are living organisms used to suppress pest populations and maintain a balance in natural ecosystems. They provide eco-friendly alternatives to chemical pesticides for integrated pest management. Key types include microbial, plant-extract and macro-organism biocontrol agents.

Market key trends:
One of the major trends in the biocontrol agents market is the increasing preference for microbial biocontrol agents over conventional chemical pesticides. Microbial biocontrol agents offer several advantages such as pest-specificity, no toxic residues and suitability for organic farming. Common microbial agents employed include bacteria, fungi, viruses and nematodes that are pathogenic to pest insects and microbial diseases. Their use has grown significantly in recent years due to stringent regulations on chemical pesticides and growing consumer demand for residue-free food crops.


Segment Analysis:
This market is dominated by the biofungicides sub-segment owing to the high demand for eco-friendly solutions to control fungal diseases in various crops. Biofungicides accounted for over 30% share of the global biocontrol agents market in 2023 due to their effectiveness in controlling fungal pathogens without any harmful residues.

Key Takeaways:
The global Biocontrol Agents Market is expected to witness high growth, exhibiting a CAGR of 8.3% over the forecast period, due to increasing demand for sustainable agricultural solutions and stringent regulations against chemical pesticides.

Regional Analysis:
North America dominated the global market and accounted for over 35% share in 2023 due to the implementation of stringent laws limiting the use of chemical pesticides in the region. Asia Pacific is expected to be the fastest growing region due to rising awareness about organic farming and expansion of agricultural activities in countries like India and China.

Key Players
Key players operating in the biocontrol agents market are BASF SE, Bayer AG, Syngenta AG, FMC Corporation, Novozymes, Koppert Biological Systems, Certis USA LLC, Andermatt Biocontrol AG, Som Phytopharma India Ltd, Valent Biosciences LLC, BioWorks Inc., Marrone Bio Innovations, Monsanto Company, Isagro Group, Camson Biotechnologies Limited, Lallemand Inc., Biobest Group NV, Stockton Group, Rizobacter Argentina S.A., and Bioline Agrosciences ltd.

Comments

Post a Comment

Popular posts from this blog

The Plastic Bandages Market Is Anticipated To Witness High Growth Owing To Increased Demand For Cost-Effective Wound Care Solutions

Image
Plastic Bandages Market The plastic bandages market comprises flexible plastic strips coated with adhesive on one side, used to cover minor wounds, injuries, or irritation on the skin such as cuts, scrapes, burns, and blisters. Plastic bandages provide an effective and affordable wound care solution by protecting the wound from external contamination, further injury and trauma. They maintain a moist environment around the wound to accelerate the healing process. In comparison to traditional cloth or gauze bandages, plastic ones provide improved durability, flexibility, permeability to air and moisture. The global plastic bandages market is estimated to be valued at US$ 11.14 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2030. Key Takeaways Key players operating in the plastic bandages market are Johnson & Johnson, BSN Medical, 3M, Acelity L.P. Inc., Medline Industries Inc., ConvaTec Inc., Lohmann & Rauscher GmbH & Co. KG, Nitto...
Read more

Cannabis Extract Market Is Expected To Poised For Growth Due To Wide Range Of Medical Applications And Health Benefits

Image
  Cannabis Extract Market The Cannabis Extract Market is a fast-growing industry focused on processing and extracting medical compounds and oils from cannabis plants. Cannabis extracts offer advantages over dried plants, including consistent dosing and easy consumption. Cannabis extracts contain cannabinoids like CBD and THC that are used to treat conditions such as chronic pain, epilepsy, insomnia, and anxiety. The global Cannabis Extract Market is estimated to be valued at US$ 10,704.56 million in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Key Trends: Growth Accelerated by Rising Adoption of Cannabis Extracts The key trend driving growth in the Cannabis Extract Market is the rising adoption of cannabis extracts over dried plants. Cannabis extracts allow for precise and consistent dosing through easy-to-use formats like oils, edibles, and topicals. Extract...
Read more

India Geriatric Care Services Market Growth Accelerated By Expanding Elderly Population

Image
India Geriatric Care Services Market Geriatric care services help improve the health and quality of life of the elderly population. They provide care ranging from assistance with daily activities to complete personal and medical care. The services are highly essential for the growing elderly population who may need help due to the impact of age-related medical conditions or disabilities. The global India Geriatric Care Services Market is estimated to be valued at   US$ 29.42 Bn in 2023   and is expected to exhibit a   CAGR of 6.4%   over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The expanding elderly population is the primary driver boosting the growth of India's geriatric care services market. As per United Nations Population Fund (UNFPA), the population aged 60 years and above in India is projected to increase from 103 million in 2011 to 316 million by 2050. The rising senior population c...
Read more