The global biocontrol agent market is anticipated to grow at a CAGR of 9% during the forecast period. The use of biocontrol agents aids in reducing the impacts of the harmful plant pests. The harmful plant pests can reduce the yield and quality of small grain cereals and poses various health risks to both humans and animals. Moreover, biocontrol agents can control a variety of parasitic nematodes, weeds, parasitic nematodes, and mites. Hence, the adoption of a biocontrol agent is expected to be significantly high in the near future. Moreover, the development of novel bio-pesticides will also fuel the biocontrol agent market.
Browse the full report description of "Global Biocontrol Agent Market Size, Share & Trends Analysis Report By Active Substance (Microbials, and Macro-organisms), By Target Pest (Arthropods, Weeds, and Micro-Organisms), By Application (Seed Treatment, On-field, and Post-Harvest), Forecast 2020-2026" at https://www.omrglobal.com/industry-reports/biocontrol-agent-market
In addition to this, a classical biological control agent approach is powerful and cost-efficient tools preferred for the control of invasive plants. However, in the discovery, testing, and approval of new biological control agents the associated high cost and required a long time is expected to hamper the growth of the biocontrol agent market. Besides, various researches have also indicated that biological control agents have undesirable indirect impacts on non-target plants and animals. This is also anticipated to restraint the biocontrol agent industry.
Furthermore, the modern formulation methods and application strategies in combination with new techniques are aiding in enhancing the biocontrol agent efficiency and making it more suitable to replace the chemical methods. The companies are working to develop RNA based biocontrol. The key advantage of the RNA based biocontrol is that it only attacks the target pest without compromising the quality of the crops. It will certainly motivate the farmers to increase the use of biocontrol agents in the near period.
Moreover, biocontrol agents are preferred mostly in natural areas owing to their potential to act over huge areas for a longer period of time at low cost after the initial research and release of agents. In addition to this, biocontrol agents are also capable of bringing down certain widespread natural area weeds at a lower cost in comparison to the chemical approaches under control over large areas. The weeds include melaleuca (Melaleuca quinquenervia), tamarisk (Tamarix spp.), purple loosestrife (Lythrumsalicaria), and many more. This is anticipated to drive the biocontrol agent market during the forecast period.
Global Biocontrol Agent Market- Segmentation
By Active Substance
By Target Pest
By Application
Global Biocontrol Agent Market- Segment by region
North America
Europe
Asia-Pacific
Rest of the World
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