New York, NY, Feb. 22, 2019 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Biocontrol Agents Market by Crop Type (Fruits & Tree Nuts, Vegetables, Floriculture, and Row Crops), by Environment Covered (Open Field and Greenhouse), and by Biocontrol Agent (Macro-Organisms, Micro-Organisms, Chemicals, Pollinators, Pheromones, Traps, and Others): North America and Europe Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the demand for biocontrol agents market in North America and Europe was valued at approximately USD 2,359 million in 2018 and is expected to generate around USD 7,591 million by 2026, at a CAGR of around 15.7% between 2019 and 2026.
Biocontrol agents are used in maintaining the balance between crops and external parasites and insects, such as weeds, mites, etc. These agents are usually microbes or insects, which are added to plants in the early growth stage and help in reducing the use of chemicals over their growth cycle.
Browse through 46 Tables & 27 Figures spread over 120 Pages and in-depth TOC on “North America and Europe Biocontrol Agents Market: Industry Type, Size, Share, Trends and Forecast 2018–2026”.
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The rising awareness regarding the importance of contaminant-free food is expected to be the major driver for the growth of the biocontrol agents market in North America and Europe. The past few years have witnessed a sudden shift in the preference toward consumption of healthy food among the North American and European population, due to change in lifestyle. This change has resulted in increased consumption of contaminant-free food. Moreover, stringent regulation imposed by the governments to reduce the use of chemicals in agriculture is likely to further boost the biocontrol agents market in North America and Europe in the future. However, many farmers and crop growers are not completely aware of the benefits of introducing biocontrol agents in their farming practices, which may restrain the biocontrol agents market. Additionally, the high growth potential of biocontrol agents in developing countries is expected to open new growth avenues for the key players operating in the biocontrol agents market over the estimated timeframe. Moreover, Integrated Pest Management (IPM) practice in developed countries is also projected to generate a high demand for biocontrol agents.
The biocontrol agents market in North America and Europe has been segmented based on crop type, environment covered, and biocontrol agents. The crop type segment includes fruits and tree nuts, vegetables, floriculture, and row crops. Row crops are expected to grow rapidly in the upcoming years, owing to the increasing demand for row crops as food. The environment covered segment includes open field and greenhouse. Based on biocontrol agents, Biocontrol agents market in North America and Europe has been segmented into macro-organisms, micro-organisms, chemicals, pollinators, pheromones, traps, and others.
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By region, North America held the largest share of the biocontrol agents market in 2018. This can be attributed to the growth of Integrated Pest Management (IPM) practices in the region’s agricultural sector. In North America, the U.S. held the major revenue share and contributed over 60% toward the North American biocontrol agents market. The Food Quality Protection Act (FQPA) laid down by the government in the U.S. aims to ensure that all pesticides used in food in the U.S. meet FQPA’s stringent safety standards. The FQPA requires an explicit determination that pesticides used in the production of food are safe for children and includes an additional safety factor.
Europe held a significant share of the biocontrol agents market in 2018, owing to the changing lifestyles of the European population. The growing consumer concerns regarding the quality of food, ingredients, and their sources of production and the increasing number of organic farms in the region are also expected to drive the growth of the biocontrol agents market in Europe in the future. The European region is further segmented into France, UK, Spain, Germany, Italy, Russia, Benelux Union, Nordic Countries, and Rest of Europe. Germany is expected to be the fastest growing country in the European biocontrol agents market over the forecast time period, owing to the increasing implementation of novel technologies in the country’s agricultural sector and the presence of major manufacturers in Germany.
Browse the full “Biocontrol Agents Market by Crop Type (Fruits & Tree Nuts, Vegetables, Floriculture, and Row Crops), by Environment Covered (Open Field and Greenhouse), and by Biocontrol Agent (Macro-Organisms, Micro-Organisms, Chemicals, Pollinators, Pheromones, Traps, and Others): North America and Europe Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/biocontrol-agents-market
Some key players operating in the biocontrol agents market in North America and Europe include Andermatt Biocontrol AG, BASF SE, Bayer AG, Biobest Group NV, BiolineAgroSciences Ltd., Certis USA L.L.C., Syngenta, Biocontrol Technologies SL, Koppert B.V., AMW Nützlinge GmbH, CBC (Europe) S.R.L., and FMC Corporation.
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This report segments the biocontrol agents market in North America and Europe into:
North America and Europe Biocontrol Agents Market: Crop Type Analysis
- Fruits and Tree Nuts
- Filbert (Hazelnut)
- Potted Herbaceous Perennials
- Ornamental Grasses
- Cut Flowers
- Annual Bedding Plants
- Potted Flowering Plants
- Potted Herbaceous Perennials
- Row Crops
- Food Grains
- Dry Beans
- Sugar Beets
North America and Europe Biocontrol Agents Market: Environment Covered Analysis
North America and Europe Biocontrol Agents Market: Biocontrol Agent Analysis
- Predatory Insects
North America and Europe Biocontrol Agents Market: Regional Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Source link https://globenewswire.com/news-release/2019/02/22/1739998/0/en/Biocontrol-Agents-Market-in-North-America-and-Europe-Will-Reach-USD-7-591-Million-By-2026-Zion-Market-Research.html