Following on from the resounding success of the previous Global Biocontrol Summit, Wisdom is proud to present the 3rd Global Biocontrol Summit, to be hosted virtually on 11 – 12 May 2022.
Food security along with consumers becoming increasingly more conscious of the environment and the food they put into their bodies is pushing companies and governments into supporting sustainable farming practices. The global agricultural biologicals market size is projected to grow at a CAGR of 13.6%, reaching a value of USD 18.9 billion by 2025, with Europe, Australia, North and South America making up the lion’s share. However, markets in Asia and Africa are also increasing their use of biocontrol products in the farming practices.
While chemical agents have been the first choice for a long time, environmental, political, and societal factors are driving the industry towards the use of bioproducts in the growing of crops. These products have demonstrated a much lower impact on the environment and the health of the final consumer. Furthermore, they are a lot cheaper to manufacture than traditional chemical products.
While the bioproduct market has been growing significantly over the past few years, there is still uncertainty from within the industry on how to get products effectively to the market. Regulations, testing, registration and scaling up production continue to prove a major challenge. Other barriers for the bioproducts industry are efficacy and applications.