Agricultural Biologicals Market

Agricultural Biologicals Market Size, Share & Trends Analysis Report

Agricultural Biologicals Market Size, Share & Trend Analysis 2029

Published
Report ID : AIMR 281
Number of pages : 200
Published Date : Apr 2023
Category : Agriculture
Delivery Timeline : 48 hrs

Agricultural biologicals refer to naturally occurring organisms such as microbials, botanicals, and biological seed treatments that are used in agriculture to enhance crop productivity, quality, and yield. The global agricultural biologicals market has been witnessing strong growth in recent years, driven by the increasing demand for organic food and sustainable farming practices. This blog will provide a comprehensive analysis of the agricultural biologicals market, including current market size, key players, major trends and drivers, opportunities and threats, regulatory and legal issues, target demographics, and pricing trends.

Current Market Size and Market Share

The global agricultural biologicals market is expected to reach USD 19 billion by 2027, growing at a CAGR of +9% during the forecast period.

Key Players in the Industry

  • Bayer AG
  • Syngenta AG
  • BASF SE
  • Corteva Agriscience
  • Marrone Bio Innovations
  • Isagro S.p.A
  • Valent Biosciences

Segmentation

by Type

  • Bio-Pesticides
  • Bio-Stimulants
  • Bio-Fertilizers

by Source

  • Microbial
  • Biochemical
  • Others

by Formulation

  • Liquid
  • Dry

by Application

  • Foliar Spray
  • Soil Treatment
  • Seed Treatment
  • Other Modes of Application

by Crop Type

  • Fruits & Vegetables
  • Cereals & Grains
  • Oilseeds & Pulses
  • Other Crop Types

Major Trends and Drivers Affecting the Industry

  1. Growing demand for organic food: The increasing demand for organic food products is a major driver of the agricultural biologicals market. Consumers are becoming more conscious of their health and the environment, which has led to an increase in the demand for organic food products. Agricultural biologicals are considered to be a safe and effective alternative to chemical pesticides and fertilizers, which has further fueled the demand for these products.

  2. Sustainable farming practices: The use of agricultural biologicals is a key component of sustainable farming practices. These products help to promote soil health, reduce the use of chemical pesticides and fertilizers, and minimize the impact of agriculture on the environment. As more farmers adopt sustainable farming practices, the demand for agricultural biologicals is expected to increase.

  3. Advancements in biotechnology: The increasing use of biotechnology in agriculture has led to the development of more advanced and effective agricultural biologicals. Biotechnology has enabled the production of microbials and other biologicals that are more targeted and effective, which has further fueled the demand for these products.

  4. Government support for sustainable agriculture: Many governments around the world are promoting sustainable agriculture practices and providing support to farmers who adopt these practices. This has created a favorable environment for the growth of the agricultural biologicals market.

Opportunities and Threats in the Industry

  1. Growing demand for organic food products: The increasing demand for organic food products is expected to drive the growth of the agricultural biologicals market in the coming years.

  2. Increasing adoption of sustainable farming practices: The growing adoption of sustainable farming practices is expected to create new opportunities for agricultural biologicals in the market.

  3. Advancements in biotechnology: The development of new and advanced biologicals using biotechnology is expected to create new opportunities in the market.

  4. Emerging markets: The growth of emerging markets such as Asia Pacific and Latin America presents a significant growth opportunity for players in the agricultural biologicals

The target demographics of the industry

Include farmers, agricultural companies, and government organizations. These demographics have shown a preference for sustainable agriculture practices and are willing to invest in innovative biological products that can improve crop yields and quality while also reducing environmental impact.

The pricing trends

In the agricultural biologicals market vary across different segments. Biopesticides and biostimulants are generally priced higher than biofertilizers due to their higher effectiveness and broader range of applications. However, the prices of agricultural biologicals are expected to become more competitive as the market continues to mature and new players enter the industry.

Overall, the agricultural biologicals market has a bright future ahead, and it is expected to continue growing at a significant pace in the coming years. As the demand for sustainable agricultural practices continues to increase, the market for biologicals is likely to become even more important in the global agriculture industry.

Conclusion

The agricultural biologicals market is a rapidly growing industry with a strong potential for future growth. The market is driven by the increasing demand for sustainable agriculture practices, favorable government regulations, and rising awareness about the benefits of using biologicals. The key players in the market include BASF SE, Syngenta AG, Bayer CropScience AG, DowDuPont, and Marrone Bio Innovations.

SUMMARY