Artificial Intelligence
Biocontrol Market worth $13.7 billion by 2027 – Exclusive Report by MarketsandMarkets™
The Biocontrol Market is estimated to be valued at USD 6.6 billion in 2022. It is projected to reach USD 13.7 billion by 2027, recording a CAGR of 15.8% from 2022 to 2027, according to a new report by MarketsandMarkets™. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global biocontrol market. In terms of value sales, this would be strong enough to significantly influence the market during the predicted period. The need for biocontrol crop protection solutions in the agricultural sector has been greatly increased by the surge in demand and preference for organic food products, pest resistance management, residue management, and environmental restrictions. Biopesticides and semiochemicals are safer alternatives to conventional chemical-based pesticides.