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#Biocontrol market is projected to reach USD 13.7 billion by 2027

The global biocontrol market, valued at USD 6.6 billion in 2022, is projected to reach USD 13.7 billion by 2027, showcasing a robust CAGR of 15.8% during the forecast period. The surge in demand for organic food products, coupled with the need for environmentally friendly pest control solutions, has propelled the market's growth. In North America, Marrone Bio Innovations stands out, offering a diverse range of biocontrol products to meet the escalating demand.

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Semiochemicals on the Rise – Overcoming Perceptions and Market Dynamics

While biopesticides dominate the market, semiochemicals remain a relatively untapped and smaller segment due to perceived effectiveness concerns. However, recent strategic moves, such as FMC's acquisition of BioPhero Aps and Syngenta AG's collaboration with M2i Life Sciences, underscore the industry's increasing interest in semiochemicals. Extensive research and development efforts are underway to harness the potential of semiochemicals, suggesting a significant growth trajectory in the near future.

Fruits and Vegetables Lead the Charge in Biocontrol Adoption

Amid the various crop types, the fruits and vegetables segment is expected to exhibit the highest CAGR of 16.2% during the forecast period. The shift towards healthier and organic diets has driven increased demand for these high-value specialty crops. Biopesticides and semiochemicals, including pheromone-based solutions, play a crucial role in pest control in fruits and vegetables. Compliance with stringent import regulations, particularly in North American and European countries, further propels the demand for biocontrol solutions in this segment.

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Europe's Pivotal Role in Biocontrol Market Growth

Europe is poised to contribute significantly to the global biocontrol market, with an estimated market share of 30.4% in 2022. The Farm to Fork Strategy and initiatives like a 50% reduction in chemical pesticides by 2030 are driving forces in the European biocontrol sector. Well-informed consumers and a robust technological infrastructure position Europe to experience the fastest growth rate in biopesticides and semiochemicals applications. The market is projected to expand to USD 4,292.8 million by 2027.

Key Players Shaping the Biocontrol Landscape

Leading players such as BASF SE (Germany), Bayer AG (Germany), and Syngenta AG (Switzerland) are instrumental in shaping the biocontrol market. Their strategic initiatives, technological advancements, and commitment to sustainable agricultural practices position them as key drivers in the industry's growth.
#Biocontrol market is projected to reach USD 13.7 billion by 2027 The global biocontrol market, valued at USD 6.6 billion in 2022, is projected to reach USD 13.7 billion by 2027, showcasing a robust CAGR of 15.8% during the forecast period. The surge in demand for organic food products, coupled with the need for environmentally friendly pest control solutions, has propelled the market's growth. In North America, Marrone Bio Innovations stands out, offering a diverse range of biocontrol products to meet the escalating demand. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=216657040 Semiochemicals on the Rise – Overcoming Perceptions and Market Dynamics While biopesticides dominate the market, semiochemicals remain a relatively untapped and smaller segment due to perceived effectiveness concerns. However, recent strategic moves, such as FMC's acquisition of BioPhero Aps and Syngenta AG's collaboration with M2i Life Sciences, underscore the industry's increasing interest in semiochemicals. Extensive research and development efforts are underway to harness the potential of semiochemicals, suggesting a significant growth trajectory in the near future. Fruits and Vegetables Lead the Charge in Biocontrol Adoption Amid the various crop types, the fruits and vegetables segment is expected to exhibit the highest CAGR of 16.2% during the forecast period. The shift towards healthier and organic diets has driven increased demand for these high-value specialty crops. Biopesticides and semiochemicals, including pheromone-based solutions, play a crucial role in pest control in fruits and vegetables. Compliance with stringent import regulations, particularly in North American and European countries, further propels the demand for biocontrol solutions in this segment. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=216657040 Europe's Pivotal Role in Biocontrol Market Growth Europe is poised to contribute significantly to the global biocontrol market, with an estimated market share of 30.4% in 2022. The Farm to Fork Strategy and initiatives like a 50% reduction in chemical pesticides by 2030 are driving forces in the European biocontrol sector. Well-informed consumers and a robust technological infrastructure position Europe to experience the fastest growth rate in biopesticides and semiochemicals applications. The market is projected to expand to USD 4,292.8 million by 2027. Key Players Shaping the Biocontrol Landscape Leading players such as BASF SE (Germany), Bayer AG (Germany), and Syngenta AG (Switzerland) are instrumental in shaping the biocontrol market. Their strategic initiatives, technological advancements, and commitment to sustainable agricultural practices position them as key drivers in the industry's growth.
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Download PDF Brochure - Biocontrol Market Size, Share, Trends, and Forecast to 2027 | MarketsandMarkets
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