Protecting plants and crops from several macrobes and microbes has become a key concern while meeting the rapidly increasing food demand globally. Weed Science Society of America (WSSA) has summarized that the crop losses due to weeds and pests across the globe and the annual potential loss in value for corn and soybean were $XX billion and $XX billion, respectively, for 2018. In the past, cases such as crop pests, bacterial blight, and others have resulted in the crop loss of around XX-XX% of the agricultural productivity. Identifying this current demand for crop/plant safety, companies have come up with bio-based crop protection products, which assist in maximizing the quality, productivity, and sustainability in agricultural production systems, disease vector management in public health systems, and other industrial and residential areas.
Read Report Overview: Agricultural Biological Control Agents Market
The increasing adoption of the “green crop protection” concept across the globe is also driving the demand for agricultural biological control products since these are important for managing the increasing concern over pesticide residues on food and the problem of pest resistance. Significant lowering of maximum residue limit (MRLs) by regulators in many countries is a trend that is expected to continue. Additionally, these products are a valuable option because they provide sustainability, crop protection from microbials, and harvest flexibility benefits
Microbial Segment Dominates Agricultural Biological Control Agents Market
Easy availability of strains, production at ease, and the high rate of adoption of these products by growers are the factors supporting the growth of the microbial segment. Microbial products do not require the user to have the technical knowledge and high-end distribution logistics as macrobial due to which this product category is preferred by growers than any other.
Fruits and Vegetables Segment: The Fastest-Growing Segment in Agricultural Biological Control Agents Market
The increasing demand for organic fruits and vegetables has driven the demand for the use of biological control agents to improve the yield. These products often face post-harvest losses. In order to overcome these losses and to increase the crop yield and shelf life of products, biological control agents are used.
Foliar Spray Segment: The Most Commonly Used Method for the Application of Agricultural Biological Control Agents
The propagation of agricultural biological control products is done through four methods, namely: foliar spray, seed treatment, soil treatment, and others (including post-harvest treatment). Foliar spray is the most commonly used method of propagation since it is used to improve the quality of crops, increase crop production, and control pests. The increase in acceptance of biological microbes and smart farming techniques have been the driving factors for the foliar spray method.
Asia-Pacific and Japan, and South America to Witness the Fastest Growth in Agricultural Biological Control Agents Market
Asia-Pacific and Japan (APJ), and South America dominated the global agriculture biological control agents market in 2019 and is anticipated to uphold its dominance throughout the forecast period. The market in Asia-Pacific and Japan is majorly driven by the increasing research and development activities, and large-scale adoption of biological products.
The competitive landscape of the agricultural biological control agents market consists of different strategies undertaken by major players across the industry to gain market presence. Some of the strategies adopted by biological control agents manufacturers are new product launches, business expansions, partnerships, and collaborations. Among all the strategies adopted, product launches have been the most prominent strategy adopted by the biological control agents manufacturers.
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The competitive landscape provides an organization with the edge to understand its key business strategy in the industry, its current competitors, and potential future competitors that might have made their way into the market. This section details the latest strategies and developments adopted by the key market players in the global agricultural biological control agents market. In order to lead the market as well as engage in the process of market growth, a company needs to bring new products to the market, invest toward innovations, and collaborate with other top tier-1 component providers to further strengthen its market position.
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