Market
Overview:
Agricultural
Biologicals Market Size is Anticipated to be Worth USD 17.9 Billion at a CAGR
of 12.2% by 2023-2030.
Agricultural
biologicals research report are plant protection products derived from
organic matter, such as microorganisms, insects, and plant or animal extracts.
They are applied to the soil to protect crops from pests, weeds, and diseases
and enhance their yield by improving nutrient uptake. Besides this, they assist
in residue and resistance management, restoring mineral and microbial balance,
and increasing the soil's carbon levels and water holding capacity. Nowadays,
agricultural biologicals are an integral part of integrated pest management to
balance the soil's physical, biological, and chemical aspects.
With the rapidly
growing population, a significant scarcity of arable land, and a simultaneous
rise in the demand for agro-based products. This represents one of the key
factors influencing the sales of agricultural biologicals across the globe.
Moreover, the rising awareness about the harmful impact of chemical-based
fertilizers is escalating the demand for organic food products. This, in
confluence with the increasing concerns for soil health, agricultural
sustainability, and environmental safety, is propelling the uptake of
agricultural biologicals among farmers. Furthermore, several governing agencies
and non-profit organizations are encouraging the usage of agricultural
biologicals to support diversity in modern farming practices. Apart from this,
the versatile functions of agriculture biologicals in organic and conventional
crop production systems, along with increasing investments by the leading
players in research and development projects, are expected to drive the
agricultural biologicals market further.
Market
Segmentation:
According to the
market's latest report, the global agricultural biologicals market has been
segmented into five sections: type, source, mode of application, crop type, and
regional analysis. The market is classified into biopesticides, bio-stimulants,
and biofertilizers with the type of section. The global market is further
divided into microbial, biochemical, and others with the source section.
According to the mode of application, the global agricultural biologicals
market is divided into four sections: foliar sprays, soil treatment, seed
treatment, and others. With the crop section, the market is divided into
cereals & grains, oilseeds and pulses, fruits and vegetables, and others.
On a regional basis, the global market is further divided into five sections
Asia-pacific, Europe, South America, North America, and Middle East &
Africa.
Regional
Analysis:
According to the
US Department of Agriculture's Agricultural Statistics Service, there were more
than 1,400 registered organic farms in the United States in 2016. Furthermore,
around 3,454,441 acres of land were treated with biological fertilizers in 2017.
Organic exports of fruits and vegetables amounted to USD 548 million in 2016.
Hence, the increasing demand for organic crops leads to an upsurge in demand
for biological products in the country. The US Environmental Protection Agency,
which is associated with the regulation of pesticides in the United States, has
made the registration of biopesticide products more efficient through the
development of modified test methodologies and clear guidance documents, as a
result of which, currently, over 430 biopesticide ingredients are available in
the country.
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The major
strategies adopted by key players, such as Certis USA LLC, Syngenta, Bayer
CropScience AG, and BASF SE, have also contributed to the growth of the
agricultural biological market in the country. For instance, in 2017, Agrinos
and Van Diest Supply Company partnered to drive the use of biological crop
solutions among the farmers in the country.
Industrial
News:
In the
agricultural biologicals market, companies are competing based on product
quality and promotion and focusing on strategic moves to hold larger market
shares. New product launches, partnerships, and acquisitions are the major
strategies adopted by the leading companies in the market.
Key
Players are:
Key
Agricultural biologicals market players Valent
Biosciences (US), Bayer AG (Germany), Syngenta AG (Switzerland), BASF
SE (Germany),
Arysta LifeScience (Japan), Koppert
B.V. (Netherlands), DowDuPont (US), Marrone Bio
Innovations (US), Novozymes (Denmark), Certis USA
LLC (US), Valagro (Italy), Isagro (Italy), Biolchim (Italy), Agrinos (US), Agrilife (India), among others
NPK
Fertilizers Market Research Report Information
By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits &
Vegetables, and Others), By Mode of Application (Fertigation, Foliar, and
Others), By Form (Dry and Liquid), and By Region (North America, Europe,
Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
Farm
Implements Market Research Report Information By Type (Cultivators,
Seed Drills, Threshers, Shredders, Sprayers, and Others), By Application
(Plowing & Cultivating, Sowing & Planting, Plant Protection &
Fertilizing, Harvesting & Threshing, and Others), And By Region (North
America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till
2030
NOTE: Our Team of Researchers are Studying Covid19 and its
Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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