Regional Analysis
North America is expected to be the largest market for biocontrol agents during the forecast period, accounting for over 26% of the market share in 2023. The growth of the market in North America is attributed to favorable government policies, developed organic farming industry, and high awareness about sustainable agriculture practices.
Europe is expected to be the second-largest market for biocontrol agents, accounting for over 23.1% of the market share in 2023. The growth of the market in Europe is attributed to increasing research on development of bio pesticides and rising demand for organic food products.
Asia Pacific is expected to be the fastest-growing market for biocontrol agents, with a CAGR of over 35% during the forecast period. The growth of the market in Asia Pacific is attributed to large agricultural land, rapid development of the organic sector, and increasing government support for adoption of green solutions.