- Microbial Biocontrol agents
- Insect Pheromones
- Plant Extracts
- Beneficial Insects
Forestry Biocontrols Market size was valued at USD 2,976.3 million in 2022 and is expected to grow at a 7.3% CAGR from 2023 to 2029. The forestry biocontrols market involves the use of living organisms to manage the pest populations in the forest. The forestry industry has faced numerous challenges over the years, including the need for effective pest and disease control measures. The use of chemical pesticides has raised the concern about their negative impacts on environment, leading to growing demand for sustainable and environmentally friendly disease control methods, the biocontrol method is a sustainable alternative which is expected to drive the growth of forestry biocontrols market over the forecast period. In addition, the development of new technologies in biocontrol methods for easy, efficient and cost-effective application of biocontrol agents, increasing strict regulations by government in using biocontrol agents and restrict the use of chemical pesticides is expected to boost the growth of forestry biocontrols market. For instance, European Union has implemented regulations to restrict the use of chemical biopesticides and promote the use of biocontrol agents in forest and agriculture. However, the change in global economic environment is anticipated to change the demand for forestry products which in turn affects the biocontrol agent’s demand in the market. Whereas, the increasing advanced biocontrol methods is predicted to provide opportunities to the key market players in the growth of forestry biocontrols market over the forecast period. Geographically, North America region held the major market share in 2022 and is expected to dominate the global forestry biocontrols market in the forecast years.
Forestry Biocontrols Market Key Developments:
In May 2022, Wildlife Dept of Jammu & Kashmir launched PARTHENIUM BIO CONTROL in protected areas.
Fastest Growing Market
Forestry biocontrols market is expected to grow over the forecast period due to the increasing environmental consciousness among the public influences the demand for sustainable and lowering impact on environment which drives the forestry biocontrols market growth. The increase in health issues related to chemical pesticides has boosted the need of an alternative material like is forestry biocontrols. In addition, strict government regulations restricting the use of chemical pesticides and supporting the use of biocontrol agents is expected to boost the market growth over the forecast period. For instance, many government bodies across the globe have restricted the use of chemical pesticides due to its harmful effects on human and animal health.
Increasing environmental concern and harmful effects of chemical pesticides on human health are the major drivers in the growth of forestry biocontrols market
the change in global economic environment is anticipated to change the demand for forestry products which in turn affects the biocontrol agent’s demand in the market which is expected to restrain the growth of forestry biocontrols market over the forecast period.
The leading players in the global Forestry Biocontrols market are Valent Biosciences Corporation, Certis USA LLC, Dow AgroSciences LLC, Suterra, Rusell IPM Ltd., Andermatt Biocontrol AG, Bayer AG, BASF, Biobest Group NV, FMC Corporation.