Growth Opportunities & Challenges in the Biocontrol Market

The global #biocontrol market is projected to reach USD 13.7 billion by 2027, at a CAGR of 15.8%.

Biocontrol solutions are naturally derived crop protection solutions such as biopesticides and semiochemicals. They are derived from natural sources such as microbials, biochemicals, and macrobials. Traditional agricultural chemicals are harmful to both the environment and people's health. Thus, policymakers across the globe, notably in the North American and European areas are regulating them to assure food safety, security, and environmental sustainability. Consumer awareness and the demand for organic food are both soaring. The market is fueled by a combination of all these factors.

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Opportunities: Pests developing resistance to chemical pesticides
Major Site-specific pesticides have been able to provide crop protection over the past few decades. However, plant pathogenic bacteria & fungi and insect pests are developing resistance to chemicals and can adapt to crop protection chemicals through mutations, which, in turn, has led to reduced efficacy and pest resurgence. This rapid erosion of fungicidal activities against resistant pathogens represents a major challenge for the growth of the chemical pesticides market and an opportunity for biocontrol market.

Challenges: Preference of agricultural producers in emerging economies for synthetic pesticides
Asia-Pacific and other emerging markets are extremely dynamic and fluid. In contrast to farmers in the West, those in these areas have modest landholdings. They also have little purchasing power and are vulnerable to economic swings. Additionally, local growers are unaware of the benefits of biocontrol and organic methods. As a result, they are more profit-driven and concentrated on effective production that can produce outcomes quickly. Although there are some minimal government rules, they are not as rigorous in emerging nations. As a result, in these areas, farmers favour chemical pesticides. However, import restrictions and a steady rise in cultivator knowledge are persuading farmers to choose biosolutions which will steadily push the demand for biocontrol crop protection solutions during the forecast period.

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The key players in this market include BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), and Corteva Agriscience (US).

Commercial #greenhouse Market: Vegetables segment dominated the global market

The global commercial greenhouse market is projected to reach USD 61.6 billion by 2027, at a CAGR of 11.6%.

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The commercial greenhouse market has been segmented by product type into fruits, flowers & ornamentals, nursery crops, and others. In 2021, the vegetables segment dominated the global market with a share of 41.0%, followed by fruits with a share of 25.4% and flowers & ornamentals with a share of 16.8%. Greenhouses ensure the most suitable conditions to grow vegetables due to the ability to control moisture, light, temperature, fertilization, humidity, and irrigation.

Common crops grown in commercial greenhouses include tomatoes, strawberries, squash, broccoli, herbs, artichoke, beans, and peas. Leafy greens, including spinach, kale, arugula, and micro greens and high-producing crops such as lettuce, cucumber, rocket, greens, and beans also flourish in greenhouses.

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Key players: Richel Group (France), Heliospectra AB (Sweden), Signify Holding (Netherlands), and Certhon (Netherlands).

Eco-friendly Food Packaging Market Analysis by Material, Application, Type, Technique, and Region

The Eco-friendly Food Packaging Market is projected to reach $249.5 billion by 2025, at a CAGR of 7.4%.

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By material, the paper & paperboard market is segmented into corrugated box, boxboard, rigid box, folded boxes, trays, flexible packaging, paper bags, shipping bags, and sachet/pouches. The packaging of products differs for the type of foods and beverages served. Paper & paperboards are the most preferred packaging in the food & beverage industry due to its degradable nature and recyclable property.

By application, the eco-friendly food packaging market is segmented into food and beverages as applications. The food segment accounted for the largest share in 2019, acquiring approximately 70% of the overall market.

The eco-friendly food packaging market in Asia Pacific is projected to witness the highest growth due to the increasing demand for convenience foods due to the busy lifestyles of consumers. There is increasing consumption of on-the-go and ready-to-eat breakfast meals, as a result of urbanization, hectic lifestyles, and high disposable income.

Some key players are Amcor (Australia), Mondi Group (Austria), Sealed Air Corporation (US), Ball Corporation (US), Tetra Pak (Sweden), Crown Holding Inc. (US), BASF (Germany).

Food & beverage segment is expected to hold the majority share in the global #chicory market

The global Chicory Market size is projected to reach USD 905 million by 2025, at a CAGR of 5.7%.

With the rising consumption of coffee beverage along with the rising prices of coffee beans and demand for organic and all-natural ingredient based products, the market for chicory is projected to witness a positive outlook, in the coming few years. Also, chicory is a cheaper substitute ingredient that has multiple applications across various industries. Owing to its caffeine-free and health benefitting characteristics, it has great potential to cater existing as well as newer application areas, with ongoing and continuous research. Thus, with all these factors accumulatively, the chicory market is expected to witness a substantial growth potential in the coming few years.

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On the basis of application, the food & beverage segment is expected to hold the majority share and grow at the fastest rate in the global chicory market.

The chicory plant is quite versatile, and it has found its application in many areas; it is best known for its association with coffee. Chicory is primarily an organic and all-natural ingredient and a cheaper substitute to an array of ingredients in the food & beverage industry. It is mainly consumed as blends or alternative in caffeine-containing beverages such as coffee, which is largely consumed across the globe. The young leaves can be used in salads, and the root can be boiled and eaten like a vegetable. Thus, finding its most important and wide application in the food & beverage industry, the market is expected to grow at a substantial rate during the forecast period.

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Key players in this market include Cosucra Groupe Warcoing (Belgium), Delecto Foods Pvt Ltd (India), BENEO GmbH (Germany), Sensus (Netherlands), Leroux (France), Cargill Incorporated (US), Reily Foods Company (US), Pioneer Chicory (India), PMV Nutrient Products Pvt Ltd (India), Farmvilla Food Industries Pvt Ltd (India), Murlikrishna Foods Pvt Ltd (India), Starwest Botanicals (US), STOKROS Company Ltd (Russia), Nature’s Gold Production (Netherlands), Organic Herb Trading Co (UK), Narasu’s Coffee Company (India), NP Nutra (US), Shaanxi Sciphar Natural Product Co Ltd. (China), Jamnagar Chicory Industries (India), and Herbs & Crops Overseas (India).

Seed coating market: The protectants segment is the fastest growing active ingredients

The #seedcoating market is projected to reach $3.6 billion by 2027, recording a CAGR of 8.4%.

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The protectants segment is the fastest growing among the various active ingredients of seed coating during the forecast period

Seed coatings can reduce the damage through two methods such as systemic and non-systemic protection. Coating the seeds with protectants is one of the ways to deal with soilborne and fungicidal diseases. Systemic safety: It is absorbed by the plant, and the coatings release their active ingredients into the soil, protecting the seed. Non-systemic protection: The coating around the seed protects the young seedlings from soilborne and fungicidal diseases targeting the pathogens.

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The major players involved in the seed coating market include BASF SE (Germany), Solvay S.A. (Belgium), Clariant AG (Switzerland), Croda International plc (U.K.), DSM (Netherlands), Sensient Technologies (U.S.), and Germain Seed Technology Inc. (U.K.).