An increasing trend of sustainable agriculture is expected to drive the growth of the global agricultural biologicals market. According to TechSci Research report, “Global Agricultural Biologicals Market By Function (Crop Protection and Crop Enhancement), By Product Type (Microbials, Macrobials, Semiochemicals, Natural Products, By Mode of Application (Foliar spray, Soil Treatment and Seed treatment), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other), By Region, Competition, Forecast & Opportunities, 2025”, global agricultural biologicals market is expected to witness robust growth rate during the forecast period.
The Important Aspects of the Global Agricultural Biologicals Market
New product launches and agreements are one of the major factors accounting for the growth of the global agricultural biological market. Moreover, increasing demand for supreme quality harvest from farm produce is expected to bode well for the growth of the global agricultural biologicals market through the forecast period. In addition to this, the rise in awareness among farmers regarding the use of biologicals is positively influencing the growth of the global agricultural biologicals market. Also, the environment is exploited because of the overuse of crop protection chemicals, which is making headway in the growth of the global agricultural biologicals market across the globe.
Along with this, strict rules and regulations on account of excessive use of synthetic fertilizers by agricultural product regulatory bodies and agencies are expected to positively contribute to the market growth during the next five years. However, there are some factors that might act as major impediments to the growth of the global agricultural biologicals market through 2025 such as the lower shelf life of the products.
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The global agricultural biologicals market can be segmented based on function, product type, mode of application, crop type, company, and region. Considering the product type, the market is fragmented into microbial, microbial, semiochemicals, natural products, and others. Here, the microbials segment dominated the global agricultural biologicals market in terms of largest market share until 2019 and is further anticipated to hold its dominance during the forecast period as well. Additionally, the availability of strains along with ease of production is some of the key factors leading to the dominance of microbial in the agricultural biologicals market.
Moreover, the high rate of adoption of microbial among farmers is further contributing to the growing trend. Moreover, the utilization of microbial is pretty simple, as it does not need the user to have specific technical knowledge. This factor is resulting in high acceptance of microbial solutions when compared to other types of agricultural biologicals among growers and cultivators.
The Major Competitors of Global Agricultural Biologicals Market
- BASF SE, Isagro S.P.A.
- Syngenta Crop Protection AG
- Bayer AG, UPL
- Marrone Bio Innovations
- Evogene Ltd
- Vegalab S.A.
- Lallemand
- Valent Biosciences
- Stockton Bio-AG
- Biolchim S.P.A.
- Rizobacter
- Valagro
- Koppert Biological Systems, among others, are the leading player operating in the global agricultural biologicals market. The players are adopting several growth strategies to enhance the market scenario of agricultural biologicals. Other competitive strategies include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diversify their product portfolio in order to strengthen their market position.
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“North America is expected to dominate the global agricultural biologicals market during the next five years on account of the early adoption of modern agricultural technologies. Furthermore, continuous research and development activities coupled with a high number of patents received for biopesticides and biostimulants by the major market players based in the region, is further expected to boost the demand for agricultural biologicals in the region over the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Agricultural Biologicals Market By Function (Crop Protection and Crop Enhancement), By Product Type (Microbials, Macrobials, Semiochemicals, Natural Products, By Mode of Application (Foliar spray, Soil Treatment and Seed treatment), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global agricultural biologicals market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global agricultural biologicals market.
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