Forestry Biocontrols Market Size is valued at USD 2.93 Bn in 2022 and is predicted to reach USD 6.21 Bn by the year 2031 at a 8.8% CAGR during the forecast period for 2023-2031.
Forestry biocontrols focus on using biological agents to control forest insect populations. Insects, mites, weeds, and diseases that might harm animals or plants can all be managed with the help of other creatures through a process known as biological control or biocontrol. It uses natural processes like predation and parasitism as its foundation, but humans usually actively manage the system. With the rising need for eco-friendly and long-lasting disease prevention strategies, the forestry biocontrols market is predicted to grow rapidly in the coming years.
It is anticipated that the growth of the forestry biocontrols market will be aided by the introduction of new technologies in biocontrol methods that make the application of biocontrol agents simple, efficient, and cost-effective; the tightening of government regulations concerning the use of biocontrol agents; and the limitation of the application of chemical pesticides. The market for biocontrol agents is expected to be impacted by the fluctuating demand for forestry products due to shifts in the global economy. However, developing more sophisticated biocontrol techniques is expected to create openings for established businesses in the forestry biocontrol market during the forecast period.
However, effective pest and disease control strategies are among the many obstacles the forestry industry has had to overcome. The widespread application of chemical pesticides has prompted new worries about their effects on the natural world. In addition, the lockdown led to a surge in demand for non-food items, including soap, paper towels, and hand sanitizer. The demand for forestry biocontrol was high before the spread of COVID-19. Farmers of forestry biocontrols kept their stock afloat throughout the COVID-19 pandemic, hoping for a favourable trading climate. Due to a shortage of workers, mass production shutdowns, and supply chain disruptions, many manufacturers halted operations, leading to a corresponding increase in demand for forestry biocontrol products and the rising need for eco-friendly strategies.
Competitive Landscape
Some Major Key Players In The Forestry Biocontrols Market:
- Valent Biosciences Corporation
- Certis USA LLC
- Dow AgroSciences LLC
- Suterra
- Rusell IPM Ltd.
- Andermatt Biocontrol AG
- Bayer AG
- BASF
- Biobest Group NV
- FMC Corporation
- Others
Market Segmentation:
The forestry biocontrols market is segmented based on type, application, and end-user. Based on type, the market is segmented into microbial biocontrol agents, insect pheromones, plant extracts, beneficial insects, and others. The Application segment consists of aerial spraying, ground spraying, and soil application. By end user, the market is segmented into timber protection, forest pest control, and disease control.
Based On The Type, The Microbial Biocontrol Agent Forestry Biocontrols Market Segment Is Accounted As A Major Contributor To The Forestry Biocontrols Market
The microbial biocontrol agent forestry biocontrols category is expected to hold a maximum global market share in 2022. They can eliminate numerous pests without negatively impacting the ecosystem. Environmentally-friendly pest management is possible using targeted microbial biocontrol defence strategies. Microbes can also be cultivated rapidly under these conditions. They can be kept for later use and have longer life cycles than microbes.
Forest Pest Control Segment To Witness Growth At A Rapid Rate
The forest pest control segment is projected to grow rapidly in the global forestry biocontrols market. It can help determine the severity of an infestation and catch it early. Effective long-term production methods can often reduce the requirement for pesticide use, especially in countries like the US, Germany, the UK, China, and India.
In The Region, The North American Forestry Biocontrols Market Holds A Significant Revenue Share
The North American forestry biocontrols market is expected to register the maximum market share in revenue in the near future. It can be attributed to because of the widespread application of biocontrol agents. It is anticipated that government laws concerning biocontrol agents' use would contribute to expanding this market. The market's growth is expected to continue during the projected period because of the increased spending on forestry biocontrols chemical pesticides initiatives. In addition, Asia Pacific is estimated to grow rapidly in the global forestry biocontrols market because of rising public consciousness about the hazards posed by conventional logging operations and stringent legal constraints on chemical pesticides.
Recent Developments:
- In July 2023, Biobest declared the finalisation of the deal to procure BioWorks, Inc., a prominent manufacturer and marketer of highly effective biopesticides located in Victor, NY. The acquisition of BioWorks facilitated the rapid expansion of Biobest Group's presence in the biopesticide market. The assets that played a crucial role in achieving this aim were BioWorks' revolutionary range of biopesticides for disease and insect control, along with their expertise in product development, marketing, and logistics.
Forestry Biocontrols Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 2.93 Bn |
|
Revenue Forecast In 2031 |
USD 6.21 Bn |
|
Growth Rate CAGR |
CAGR of 8.8% from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, Application, End-User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Valent Biosciences Corporation, Certis USA LLC, Dow AgroSciences LLC, Suterra, Rusell IPM Ltd., Andermatt Biocontrol AG, Bayer AG, BASF, Biobest Group NV, FMC Corporation, and Others |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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