Agricultural Biologicals Market Size, Share, Trends (2022-2029)

Market Insights

The global agricultural biologicals market size was worth US$ YY.YY million in 2022 and is estimated to reach US$ YY million by 2029, growing at a CAGR of 14.26% during the forecast period (2022-2029).

Agricultural biologicals are either derived from natural materials, contain them or use naturally-occurring processes to provide a benefit to crop production. Agricultural biologics help protect crops from pests, weeds, and diseases. Agricultural biologicals can provide multiple benefits, including improving nutrient uptake, providing insect control or disease protection, and improving yield.

Increasing demand for eco-friendly and organic products is one of the key propelling factor for market growth. For instance, according to Research Institute of Organic Agriculture, the sales of organic products reached XX USD million in 2017 compared to XX USD million in 2016, a significant growth of 7%.

Driving factors of Agricultural biologicals Market

Rising demand for agricultural biological products owing to they do not have any side effect on human health as well as soil health also as they are derived from plant extracts, naturally occurring microorganisms, beneficial insects, and much other organic matters.

The rising demand for the agricultural biologicals market is mainly attributed to several factors, such as the necessity for new innovations and development to encounter the rising food demand from an increasing world population.

Moreover, customer inclination towards organic products, growing demand for agricultural sustainability, insect and weed resistance to the synthetic chemicals utilized in agriculture, and rising awareness regarding environmental impacts due to traditional agricultural

practices are also expected to drive the demand for global agricultural biologicals market during the projected years.

MARKET SEGMENTATION – BY TYPE- Biostimulants

Biostimulants provide a potentially innovative approach for the modification and regulation of physiological processes in plants and to increase yield, stimulate growth, and mitigate stress-induced limitations.

Biotimula consists of various types of ingredients such as humic and fulvic acids, protein hydrolysates, seaweed, plant extracts, chitosan, and other biopolymers, inorganic compounds, and beneficial microbes.

Biostimulants are associated with organic farming and gardening, which are currently witnessing healthy progress in conventional agriculture as well. These are increasingly being perceived as a response to the consumer demand for ‘softer’ agricultural practices.

Geographical rising demand in South America

The increasing agricultural area under organic farming and raising awareness regarding the health benefits of organically produced food is expected to enlarge the agricultural biological market in the region during the projected years.

In recent years use of agricultural biologicals is growing very rapidly to counter the expanding demand for organic food from various overseas countries including the U.S., Japan, Canada, and various countries from Europe.

The key reasons behind the enlarged demand for organic food in the region are growing in the figure of health-conscious peoples, the support provided by various country’s governments, and growing concern regarding the environment.

Competitive Scenario

Major players in the global agricultural biologicals market are focused on R&D and mergers to develop new products to expand their product portfolio. For instance, in May 2020, Corteva Agriscience, a leading pure-play agriculture company, and M2i, a leader in the field of pheromones for biological crop protection, announced multi-year global agreements for the research, development, and global commercialization of pheromone-based insect control solutions.

Fierce competition between market participants to expand their geographic footprints and strengthen their customer pool through several product launches & new product developments are major factors anticipated to drive the market over the forecast period

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