PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1442002
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1442002
Global Biocontrol Agents Market share will witness over 16.4% CAGR between 2024 and 2032 due to increasing partnerships between companies aimed at advancing operations. Collaborative efforts in research, development, and distribution of biocontrol agents enable companies to enhance product efficacy, expand market reach, and address diverse agricultural challenges sustainably.
For instance, in May 2023, Azelis, a prominent innovation service provider in specialty chemicals and food ingredients, was excited to unveil the extension of its distribution collaboration with Novozymes, a frontrunner in biological solutions. With immediate effect, Azelis will distribute Novozymes' top-notch bio-based agriculture ("BioAg") solutions, encompassing a range of microbial inoculants, biostimulants, and biocontrol solutions across Malaysia. This expansion built upon Azelis' fruitful partnership with Novozymes across various markets in the Asia Pacific, spanning from Home Care & Industrial Cleaning in the Philippines to Food & Nutrition in New Zealand.
By pooling resources and expertise, companies can accelerate innovation, develop tailored solutions, and meet the evolving needs of farmers worldwide. These partnerships signify a collective commitment to promoting environmentally friendly and effective biocontrol solutions, driving market growth, and fostering sustainable agriculture practices.
The overall Biocontrol Agents Market size is classified based on the active substance, crop, and region.
Biochemicals segment will undergo significant development from 2024 to 2032. With a growing focus on sustainable agricultural practices, biochemicals offer effective alternatives to synthetic pesticides. These natural compounds, derived from living organisms or organic sources, exhibit biocontrol properties, targeting pests and diseases while minimizing environmental impact. As regulatory pressures mount and consumer preferences shift towards eco-friendly solutions, the demand for biocontrol agents derived from biochemicals as active substances continues to rise in the agricultural sector.
Biocontrol agents market revenue from the cereals and grains segment will register a noteworthy CAGR from 2024 to 2032. With these crops serving as staple foods worldwide, farmers face significant challenges in pest and disease management. Biocontrol agents offer sustainable solutions by leveraging natural enemies or microorganisms to control pests and diseases effectively. As consumers increasingly prioritize food safety and sustainability, demand for biocontrol agents in cereals and grain production rises. This trend underscores the importance of eco-friendly and effective pest management practices in agriculture.
Europe biocontrol agents market will showcase a commendable CAGR from 2024 to 2032. With a growing population and increasing concerns about food safety and environmental sustainability, farmers in the Asia Pacific are increasingly turning to biocontrol agents for pest and disease management in agriculture. Government initiatives promoting sustainable farming practices further drive market growth. As awareness of the benefits of biocontrol agents spreads across the region, the demand continues to rise, highlighting the significant opportunities for biocontrol solutions in Asia Pacific's agricultural sector.
For instance, in August 2023, Union Agriculture Minister Narendra Singh Tomar from India inaugurated the Integrated Biological Control Laboratory (BC) at the National Institute of Plant Health Management (NIPHM) in the city. Tomar stressed the importance of utilizing biocontrol methods to mitigate the negative impacts of excessive pesticide usage and to lower cultivation costs while boosting farmer incomes. He underscored the need to disseminate the laboratory's developed technologies to farmers with limited access to information, ensuring widespread adoption in agricultural practices.