Industry Associations: Biologicals Are the Future of Agriculture
8 October 2021 Have a discussion with someone who works in the biologicals segment, and you might feel like you’re talking with a kid who just learned he was being taken to Disneyworld. The enthusiasm is genuine and, it seems, with good reason.
“It’s an emerging market; it still has only 5% or less of the global market share,” says Nicolás Cock Duque, President of BioProtection Global, a worldwide federation of biocontrol and biopesticides industry associations.
The optimism, however, comes from the growth the market has seen for nearly 10 years — and expectations these associations have for the next couple of decades. I cover this topic in great detail in my article “Industry Associations: Biologicals Are the Future of Agriculture.” The article was part of Meister Media Worldwide’s recently released Biological Crop Protection & Plant Health Annual Report.
That optimism is the same when looking more specifically at the U.S.
“I would have to say that the current state of the biological market is vibrant and dynamic,” says Keith Jones, Executive Director of the Biological Products Industry Alliance (BPIA). “Despite all the challenges of last year, our membership is continuing to grow. BPIA ended 2020 with more member companies than ever before, and we expect to do that again this year. This is all a reflection of the steady growth and interest in the biologicals market. While many industries are contracting, the biologicals market continues to expand. Even conservative sources project that the current global biologicals market of around $6 billion annually will more than double that by 2025.”
Jennifer Lewis, Executive Director, International Biocontrol Manufacturers Association (IBMA), says the market segment has seen growth in nearly all countries around the world.
Get The Newsletter Today!
