Agricultural Biologicals Market
Agricultural Biologicals Market is segmented by Type (Biopesticides, Biofertilizers, and Biostimulants), Source (Microbials and Biochemicals), Mode of Application (Foliar Spray, Soil Treatment, and Seed Treatment), Application(Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.
[150 Pages Report] The Agricultural Biologicals Market is expected to grow at a CAGR 12% in the forecast period of (2023-2030). 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.
Agricultural Biologicals Market - Strategic Insights
Metrics |
Details |
Market CAGR |
12% |
Segments Covered |
By Type, By Source, Application and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
To Get a Free Sample Click here
Market Dynamics
-
Increasing demand for eco-friendly and organic products is one of the key propelling factors for market growth. For instance, according to Research Institute of Organic Agriculture, the sales of organic products reached 97 USD Million in 2017 compared to 90 USD Million in 2016, significant growth of 7%.
-
Also, rising pressure on the agriculture sector to contribute to sustainable practices against climate change is driving the demand for biological products. Moreover, growing R&D practices in the field of agricultural biologics would be a key factor propelling the growth of the market.
-
For instance, in April 2016, BASF opened a new R&D center for biological crop protection and seed solutions in Limburgerhof, Germany. However, limited availability of products and low efficacy of biologicals might hamper the growth of the market.
Market Segmentation
-
The global agricultural biologicals market is segmented by crop types such as cereals and grains, oilseeds and pulses, fruits and vegetables, and others.
-
Fruits and vegetables dominate the market owing to increasing demand for organic fruits and vegetables with less chemical use. Rising demand for consistency, color, and increased size, better fruit setting are driving the use of biological fruit products, which also helps farmers to achieve higher prices for their produce.
-
The cereals and grains segment is estimated to offer lucrative opportunities to the agriculture biologicals in the forecasted period. Further, biological products are increasingly used in cereal crops such as rice, maize, wheat, barley as they are alternatives to conventional chemical fertilizers and pesticides.
-
The companies are thus focused on strategic partnerships and collaborations in crucial geographical areas to strengthen their business position through the expansion of market reach. For instance, in October 2018, CABI has signed a Memorandum of Understanding (MoU) with Koppert B.V. to collaborate on making more environmentally sustainable biological controls available in the fight against invasive pests and weeds in less developed countries.
Geographical Share
-
Geographically, the global agricultural biologicals market is segmented into North America, South America, Europe, Asia Pacific, And Row. Europe dominates the market owing to an increasing shift towards organic products. According to the Research Institute of Organic Agriculture (FiBL), in Europe, 13.5 million hectares were organic in 2016 (European Union: 12.1 million hectares). With more than 2 million hectares, Spain continues to be the country with the largest organic area in Europe, followed by Italy (1.8 million hectares) and France (1.5 million hectares).
-
Further, the total contribution from the European Agricultural Fund for Rural Development (EAFRD), for 2014 2020 to organic farming payments amounts to USD 10.35 billion or 6.4% of the total EAFRD (USD 136.05 billion).
Competitive Trends
-
Global agricultural biologicals market is fragmented with the presence of many local and international players. However, BASF SE, Arysta LifeScience Limited., Bayer AG, Syngenta, Agrinos AS, and Monsanto Company are the prominent players in the global agricultural biologicals market. Monsanto Company is one of the major companies in agricultural biologicals and is enhancing the market through technology.
-
For instance, in July 2018, Exosect Ltd. has granted Monsanto Company a license to use its Entostat technology for the delivery of select agricultural biologicals as seed treatments.
-
The companies are focused on business expansion at key geographical regions to expand the global footprint and consolidate market position. For instance, in August 2017, BASF AG announced the expansion of its manufacturing facilities in Saskatoon, Canada, for biological inoculants production.
Key Takeaways
-
Fruits & Vegetables is the leading segment owing to the increasing demand for organic fruits and vegetables with less chemical use.
-
Europe is the leading region by geography owing to an increasing shift in consumer preference towards organic products.
-
The companies are more focused on the formation of strategic partnerships as part of their business strategy to consolidate their market position. For instance, in July 2016, Agrinos AS announced a partnership with organic crop care product provider Geolife Agritech India Pvt. Ltd.
FAQ
What is the Agricultural Biologicals Market growth?
The market is growing at a CAGR of 12%
What is Agricultural Biologicals Market size in 2022?
The Agricultural Biologicals Market size was valued at USD YY million in 2022.
Who are the key players in Agricultural Biologicals Market?
BASF SE, Arysta LifeScience Limited., Bayer AG, Syngenta, Agrinos AS, and Monsanto.