The global biocontrol market is estimated to be valued at USD 6.6 billion in 2022. It is projected to reach USD 13.7 billion by 2027, recording a CAGR of 15.8% during the forecast period.
Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global biocontrol market. In terms of value sales, this would be strong enough to significantly influence the market during the predicted period. The need for biocontrol crop protection solutions in the agricultural sector has been greatly increased by the surge in demand and preference for organic food products, pest resistance management, residue management, and environmental restrictions. ,Biopesticides and semiochemicals are safer alternatives to conventional chemical-based pesticides.
Traps mode of application in semiochemicals market is projected to grow at a highest CAGR of 15.8% during the forecast period
Semiochemicals are applied through modes such as dispensers, sprays, and traps. Traps are projected to grow at fastest CAGR during the forecast period. This is due their convenient and ready-to-use nature. Generally, pheromone traps are employed to trap certain insect species. To entice insects, a semiochemical attractant is used inside the trap. Traps are also utilised for mass monitoring and trapping. The number of traps per unit area is increasing efficiently to capture more insects in the case of mass capturing, nonetheless. Delta traps, sticky traps, winged traps, and funnel traps are some of the most used pheromone traps.
Foliar spray is the most widely used mode of application and dominates the biopesticides market with a value of USD 2,838.6 million in 2022
Foliar sprays are estimated to dominate the biopesticides segment of the biocontrol market with a value of USD 2,838.6 million in 2022. To control insects and mites, foliar sprays apply microbial pesticides straight to the foliage. In the near term, it is the best instrument for pest management. When pest infestations are obvious on plants, the foliar mode of application offers a speedy way to address them. The market is expanding as a result of quick, practical, and convenient application as well as the rising demand for horticulture crops. The majority of consumers favour organic fruits and vegetables, which are some of the horticultural crops. Foliar sprays aid in distributing biocontrol agents uniformly. Foliar sprays thus dominate the market and are predicted to continue doing so in the upcoming years.
The most popular source of biocontrols are microbials, with an estimated market value of USD 3,758.9 million in 2022
Pest-specific microbial biocontrol crop protection methods help control pests without harming the environment. In a short amount of time, microbes can also be cultivated in the favourable conditions. Compared to macrobials, they have longer life cycles and can also be stored for use in the future. In comparison to other sources, the cost of creating microbial-based crop protection solutions is also lower. Therefore, the combination of all these variables has made microbials as a souce the industry leader in biocontrol. Additionally, microbials are anticipated to rule during the forecast period.
The key players in this market include BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), and Corteva Agriscience (US).