The biological control market is estimated to grow at a significant CAGR during the forecast period. The COVID-19 crisis has had a negative impact on the biological control market. The global lockdowns and restrictions on travel have reduced the availability and accessibility of biological control agents in the market. The production efficiency is reduced due to shortage of labour, scarce availability of raw materials, and slow or lack of transportation. The growing area under organic cultivation, less rigorous regulations, and rising need for food security are the few key market propel that are boosting the sale of biologicals. However, the lower shelf life of the product and low awareness among the farmers are likely to obstruct the market growth.
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Microbials are anticipated to grow at a faster rate due to the rising use of microbials in several applications, like seed treatment, on-field, and post-harvest applications. Owing to the faster adoption rate of biological controls by North American and European farmers, both regions act as the main markets for biological controls. The global biological control market is anticipated to be a fragmented market during the forecast period due to the easy product registration and relatively low capital investment, making it easy for a new entrant to enter the market. Organic farming represents a unique, fast-growing segment of the food industry. Several factors alternately propel and obstruct the growth of biopesticides. The area under organic farming is rapidly growing across the globe.
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Market Coverage
- Segment Covered-
o By Type
o By Target Pest
o By Application
- Competitive Landscape: ROVENSA, S.A., Bayer AG, Isagro SpA, Marrone Bio Innovations, Inc., Syngenta AG, Andermatt Biocontrol AG, and others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Biological Control Market by Segment
By Type
- Conservation
- Classical Biological Control
- Augmentation
By Target pest
- Arthropods
- Weeds
- Microorganisms
By Application
- Seed Treatment
- On-Field
- Post-Harvest
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