Agricultural Biologicals Market Outlook
The global Agricultural Biologicals Market is presently worth USD 12,900 million and is expected to expand with a CAGR of 12.74% over 2023-2033, thereby amassing a valuation of USD 36,033 million by end of the forecast period.
The term "agricultural biologicals" refers to a broad category of goods that support crop productivity. These ingredients can be found, among other places, in naturally occurring organic materials, microbes, plant extracts, and beneficial insects. Additionally, the use of these chemicals protects crops from pest infestation and increases yields. The use of agricultural biologicals in place of chemical-based herbicides and fertilizers has expanded as a result of people's growing environmental consciousness.
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The widespread population expansion which in turn is escalating the demand for food crops across the globe is one of the major factors augmenting the outlook of this marketplace. Alongside, rising environmental cognizance of the masses is creating lucrative opportunities for the industry to prosper. Furthermore, surging R&D investments and technological advancements in the field are adding momentum to the progression of this business sphere.
Also, growing incidences of pest infestation in crops and stringent regulations pertaining to the use of synthetic fertilizers across various nations are positively swaying the dynamics of this market. Moreover, rising focus of key players towards the development of natural crop protection products coupled with the increasing rates of environmental exploitation are aiding the expansion of this industry. On the contrary, the limited shelf life of biologics along with the high contamination risk associated with them are hindering the remuneration scope of this market.
Competitive Analysis
- BASF SE
- Syngenta AG
- Bayer AG
- UPL
- Marrone Bio Innovations, Inc.
- Gowan Company
- Vegalab SA
- Lallemand Inc.
- Valent Biosciences LLC
- Koppert Biological System
- Biovert S.L.
- Trade Corporation International
- Stockton Bio-AG
- Biolchim SpA
- Rizobacter
- Symborg
- Verdesian Life Sciences
- Axeb Biotech
- Plant Response
- Pivot Bio
- Others
Global Agricultural Biologicals Market- Segmental Analysis
By Function
- Biocontrol
- Biostimulants
- Biofertilizers
By Product type
- Microbials
- Macrobials
- Semiochemicals
- Natural Products
By Mode of Application
- Foliar spray
- Soil treatment
- Seed treatment
By Crop type
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and vegetables
- Other crop types
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The report attempts to offer answers on:
- What’s the projected growth rate CAGR by the 2033?
- How big is the Agricultural Biologicals market anticipated to be throughout the estimated period?
- Who are the major market participants in the market?
- What are the main restraints ahead of Agricultural Biologicals market players?
- Which are the key segments in the market?
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