How Do Stringent Regulations to Curb Use of Synthetic Pesticides Propel Biocontrol Agents Market?

In 2021, the biocontrol agents market contributes $4,851.7 million revenue, and it is projected to capture $13,634.3 million in 2030, progressing at a rate of 12.2% from 2021 to 2030, ascribed to increase usage of biological products replacing the inorganic fertilizers, insecticides or pesticides boom the market. In addition, the biocontrol agents are eco-friendly, and effective in all seasons.

Moreover, Europe captures the significant biocontrol agents market, and its regional industry is projected to showcase a steady rise consistently in the near future, ascribed to the stringent regulations of governments on chemical pesticide use considering their harmful effects. For example, Europe aims to reduce the usage of hazardous pesticides by half in 2030.

The demand for microbial active substances captures the extensive share of the biocontrol agents industry revenue, accounting approximately for 60%, and it is projected to experience the highest sales in the near future. It is because microbes are capable to mitigate pests from crops and hence enhance the yield. In addition, the microbial agents are highly effective on pests, leaving no probability for their survival in the treated growth, hence improving the production.

Moreover, microbicides pose less harm to the crops, as they distress only target pests and other creatures having similarities, unlike conventional insecticides, that may cause injuries to other inhabitants such as birds, insects, and mammals. In addition, the rise in organic farming in the food industry propels the market. For example, in 2021, the organic farming demand has worldwide risen by 34% over the previous year. In the U.K., the demand for organic farming has risen by 3.6% in 2021, while in 2020, it showed a minimal rise of 0.8%.

In addition, the stringent regulations to prevent the agricultural application of synthetic pesticides, chemical fertilizers, and ionizing radiation boost biocontrol agents sector, by encouraging the industrial production of biological items. For instance, companies are required to be certified for organic production, as there is a standard set of rules for crops, wildcrafted products, animals, and agricultural products.

In the EU, the organic inspection and certification are carried out by approved bodies for control. Moreover, in North America, since 2000, the National Organic Standards of USDA have a standard set of organic certifiers and specific organic farming definitions. The rise in organic farming with increasing resistance of pests over chemical agents, expands the sector.

North America captures a significant share of the global biocontrol agents industry, and it is due to the vast availability of fertile land contributing to the increase in demand for organic products, and the growing awareness of the harmful effects of microbial pesticides. In addition, the agriculture sector in the U.S. has started to adopt natural and organic farming methods.

Therefore, the worldwide stringent government regulations to minimize the use of chemical-based pesticides, insecticides, and fertilizers drive the market.

Read more: https://www.psmarketresearch.com/market-analysis/biocontrol-agents-market