New York, US, April 10, 2023 (GLOBE NEWSWIRE) -- Agricultural Biologicals Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Agricultural Biologicals Market Research Report: Information By Type, By Source, By Mode of Application, By Crop Types and Region- Forecast till 2030, the market will achieve USD 17.9 billion by 2030 at an 12.2%, CAGR.
Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | 2030: USD 17.9 Billion |
| CAGR | 12.2% CAGR (2023-2030) |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, By Source, By Mode of Application, By Crop Types and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Rising Demand from Agricultural Economies such as China, Japan, Thailand, and Indonesia |
| Increasing Multiple Microbiological Advancements |
Key Players
The report profiles some of the key players in the global Agricultural Biologicals market including:
- 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)
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Drivers and Challenges
The Agricultural Biologicals market is witnessing significant growth due to the increasing demand for sustainable agriculture practices and the growing trend of organic farming. The use of Agricultural Biologicalss helps in improving soil health and reducing the use of synthetic fertilizers and pesticides, which is driving the demand for these products.
However, the high cost of Agricultural Biologicalss and the lack of awareness about their benefits among farmers are some of the key challenges faced by the market.
Industry Trends
The Agricultural Biologicals market is witnessing significant growth due to the increasing adoption of sustainable agriculture practices and the growing trend of organic farming. Key players in the market are focused on developing new products and technologies to cater to the growing demand from farmers.
Market Segmentation
The market research report from MRFR provides a comprehensive analysis of the global Agricultural Biologicals market based on product type, source, application, and region. Based on product type, the market is segmented into biopesticides, biofertilizers, and biostimulants. Of these, the biopesticides segment is expected to account for the largest share of the market during the forecast period.
Based on source, the market is segmented into microbials, biochemicals, and others. The microbials segment is expected to dominate the market during the forecast period due to its wide range of applications in crop protection and soil improvement.
Based on application, the market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and others. The cereals and grains segment is expected to witness significant growth during the forecast period due to the increasing demand for food products.
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Regional Analysis
The report also provides a detailed analysis of the Agricultural Biologicals market across various regions, including North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to account for the largest share of the market during the forecast period, followed by Europe and Asia-Pacific.
Recent Developments
Agricultural Biologicals Market Experiencing Innovative Developments
The global Agricultural Biologicals market is experiencing innovative developments from key players, according to recent market research conducted by Market Research Future. The use of Agricultural Biologicalss helps in improving soil health and reducing the use of synthetic fertilizers and pesticides, which is driving the demand for these products.
In recent developments, BASF SE announced the acquisition of Lallemand Inc.'s bioinoculant business, which will help the company to strengthen its position in the Agricultural Biologicals market. In June 2022, Marrone Bio Innovations Inc. announced the launch of its new biological fungicide, Stargus, which helps in controlling various fungal diseases in crops.
In August 2022, Syngenta AG announced the launch of its new biological product, Taegro 2 Biofungicide, which helps in controlling a wide range of fungal diseases in crops. These developments indicate the growing focus on developing new products and technologies to cater to the growing demand from farmers.
The Agricultural Biologicals market is witnessing significant growth due to the increasing adoption of sustainable agriculture practices and the growing trend of organic farming. Key players in the market are focused on developing new products and technologies to cater to the growing demand from farmers.
In conclusion, the global Agricultural Biologicals market is experiencing innovative developments from key players to cater to the growing demand for sustainable agriculture practices and the trend of organic farming.
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Conclusion
In conclusion, the global Agricultural Biologicals market is expected to experience significant growth over the next few years, driven by the increasing demand for sustainable agriculture practices and the growing trend of organic farming. The market is expected to witness significant growth in North America, followed by Europe and Asia-Pacific.
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Biopesticides Market Research Report Information By Type (Bioherbicide, Bioinsecticide, and Bio Fungicide), By Form (Liquid and Dry), By Application (Soil, Foliar, and Seed), By Crop (Grain And Cereal, Oilseeds, Fruits, and Vegetables), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
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