The global Agricultural Biologicals Market Size is expected to be worth USD 9.46 billion in 2021 and is estimated to reach up to USD 29.59 billion by 2030, at a compound annual growth rate (CAGR) of 14.30% from 2022 to 2030.
Agricultural biologicals refer to a range of products derived from natural materials and used in agriculture to improve crop productivity, enhance soil health, and reduce the use of synthetic chemicals. These products include biopesticides, biostimulants, and biofertilizers.
Biopesticides are natural pest control products that are derived from microorganisms such as bacteria, fungi, and viruses. They are used to control pests and diseases in crops, and they have been found to be effective and environmentally friendly alternatives to synthetic pesticides.
Biostimulants are natural substances that enhance plant growth and development, improve nutrient uptake, and increase tolerance to abiotic stresses such as drought, heat, and salinity. They are derived from organic materials such as seaweed, humic acid, and amino acids.
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Agricultural biologicals are becoming increasingly popular among farmers and growers who are looking for sustainable and environmentally friendly solutions to improve crop production. They offer several benefits, including reduced chemical use, improved soil health, and increased crop yields.
The agricultural biologicals market is expected to grow significantly in the coming years due to several factors, including:
- Increased demand for organic food: With the rising awareness about the benefits of organic food and the harmful effects of chemical pesticides and fertilizers, consumers are increasingly demanding organic food products. Agricultural biologicals offer a sustainable and eco-friendly solution to meet this demand.
- Favorable government regulations: Governments around the world are implementing favorable policies and regulations to promote the use of biologicals in agriculture. For example, the EU has banned several chemical pesticides, creating opportunities for biologicals to replace them.
- Advancements in biotechnology: Advancements in biotechnology are making it easier to develop new and more effective biological products. This has led to an increase in the number of new biological products being introduced into the market.
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KEY INDUSTRY DEVELOPMENTS:
- June 2019- A distribution deal was signed by Bayer and AlphaBio Management to commercialize Flipper, a cutting-edge biological pest control solution created by AlphaBio.
- January 2019- Two of Marrone Bio Innovations Inc.’s products were approved for sale in Canada according to an announcement made by the company. The Pest Management Regulatory Authority licenced MBI-110 Biofungicide, which is sold as Stargus for specialty crops in the United States (PMRA). Canadian Food Inspection Agency has authorised Haven Sun Protectant (CFIA).
LIST OF KEY COMPANIES PROFILED:
- Syngenta
- Dow
- Bayer | Crop Science
- BASF SE
- Isagro S.p.A.
- Novozymes A/S
- Marrone Bio Innovation Inc.
- Valent BioSciences
- Koppert Biological Systems US
- UPL
SEGMENTATION
By Function Type
- Biopesticides
- Biostimulants
- Biofertilizers
By Source
- Microbial
- Natural Products
- Biochemicals
By Application Method
- Foliar Spray
- Soil Treatment
- Seed Treatment
The Agricultural Biologicals market is expected to grow significantly in the coming years, driven by the increasing demand for sustainable agriculture practices and the need for improved crop yields. Here’s a regional analysis of the Agricultural Biologicals market:
- North America: The North American region is expected to witness significant growth in the Agricultural Biologicals market owing to the increasing awareness about the benefits of biologicals in agriculture, rising demand for organic food products, and stringent regulations related to the use of synthetic pesticides and fertilizers.
- Europe: Europe is a mature market for Agricultural Biologicals, and the region is expected to witness steady growth in the coming years. The growing demand for organic food products and sustainable farming practices is driving the demand for Agricultural Biologicals in the region.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Agricultural Biologicals Market
Chapter 5. Global Agricultural Biologicals Market Overview, By Function Type, 2017 – 2030(USD Million)
Chapter 6. Global Agricultural Biologicals Market Overview, By Source, 2017 – 2030(USD Million)
Chapter 7. Global Agricultural Biologicals Market Overview, By Application Method, 2017 – 2030(USD Million)
Chapter 8. Global Agricultural Biologicals Market Overview, By Geography, 2017 – 2030(USD Million)
Chapter 9. North America Agricultural Biologicals Market Overview, By Countries, 2017 – 2030(USD Million)
Chapter 10. Europe Agricultural Biologicals Market Overview, By Countries, 2017 – 2030(USD Million)
…Continued
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