Global Agricultural Biologicals Market Analysis by Function, Product Type, Mode of Application, Crop type, Region and segments forecast till 2033
Market Overview
The global Agricultural Biologicals market is presently worth USD 12,900 million and is expected to expand with a CAGR of 12.74% over 2023-2033, thereby amassing a valuation of USD 36,033 million by end of the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 12,900 million |
Market Forecast in 2033 | USD 36,033 million |
CAGR % 2023-2033 | 12.74% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Key Companies | BASF SE, Syngenta AG, Bayer AG, UPL, Marrone Bio Innovations, Inc., Gowan Company, Vegalab SA, Lallemand Inc., Valent Biosciences LLC, Koppert Biological System, Biovert S.L., Trade Corporation International, Stockton Bio-AG, Biolchim SpA, Rizobacter, Symborg, Verdesian Life Sciences, Axeb Biotech, Plant Response, and Pivot Bio, Others |
Global Agricultural Biologicals Market- Description
Agricultural biologicals are referred to as a wide range of products that are used to aid crop production. These components are obtained from naturally occurring organic matters, microorganisms, plant extracts, and beneficial insects, among others. These products are also used to safeguard yields and crops from pest infestation. The rising environmental cognizance of the masses has increased the adoption of agricultural biologicals as a replacement for chemical based fertilizers and pesticides.
The widespread population expansion which in turn is escalating the demand for food crops across the globe is one of the major factors augmenting the outlook of this marketplace. Alongside, rising environmental cognizance of the masses is creating lucrative opportunities for the industry to prosper. Furthermore, surging R&D investments and technological advancements in the field are adding momentum to the progression of this business sphere.
Also, growing incidences of pest infestation in crops and stringent regulations pertaining to the use of synthetic fertilizers across various nations are positively swaying the dynamics of this market. Moreover, rising focus of key players towards the development of natural crop protection products coupled with the increasing rates of environmental exploitation are aiding the expansion of this industry. On the contrary, the limited shelf life of biologics along with the high contamination risk associated with them are hindering the remuneration scope of this market.
Global Agricultural Biologicals Market- Key trends
· Shifting consumer inclination towards organically produced consumables is fueling industry growth
There has been a shifting preference of the masses towards the consumption of organically produced food. This is mainly driven by their rising awareness about ill effects of synthetic fertilizers. Moreover, it is also evident that organic farming facilitates the production of safe, high quality, certified, and healthy food crops. These factors are adding traction to the development of this business vertical.
· Increasing sustainability goals across major economies to boost market expansion
The major economies across the globe are adopting sustainable practices to aid environmental protection. Rapid urbanization and industrialization has not only increased the pollution levels but has also depleted energy resources. Therefore, the utilization of agricultural biologicals reduces the reliance of farmers on toxic chemicals. This in turn is augmenting the outlook of this marketplace.
Global Agricultural Biologicals Market- Segmental assessment
By Function
· Biocontrol
· Biostimulants
· Biofertilizers
By Product type
· Microbials
· Macrobials
· Semiochemicals
· Natural Products
The microbials segment is expected to grow considerably over the forecast period ascribing to their high potential in preventing pest infestations.
By Mode of Application
· Foliar spray
· Soil treatment
· Seed treatment
The foliar spray segment is slated to generate significant returns over 2023-2033 due to its highly absorbent nature.
By Crop type
· Cereals and Grains
· Oilseeds and Pulses
· Fruits and vegetables
· Other crop types
The fruits and vegetables segment is poised to amass notable gains over the stipulated timeline owing to the efficacy of agricultural biologicals like biostimulants in extending the shelf life and accelerating the growth of fruits and vegetables.
Global Agricultural Biologicals Market- Geographical ambit
Considering the geographical frame of reference, the business sphere is classified into North America, Middle East & Africa, South America, Europe, and Asia Pacific. Among these, North America is projected to capture a substantial revenue share over 2023-2033. The growth of the market in the North American region is attributable to the rising incidences of pest infestation on food crops, growing environmental awareness, and rapid technological advancements in the agricultural sector.
Global Agricultural Biologicals Market: Recent Developments
· In February 2020, Bayer AG inked a collaboration deal with Meiogenix to jointly focus on the development of innovative sustainable agricultural practices.
Global Agricultural Biologicals Market: Key Companies
· BASF SE
· Syngenta AG
· Bayer AG
· UPL
· Marrone Bio Innovations, Inc.
· Gowan Company
· Vegalab SA
· Lallemand Inc.
· Valent Biosciences LLC
· Koppert Biological System
· Biovert S.L.
· Trade Corporation International
· Stockton Bio-AG
· Biolchim SpA
· Rizobacter
· Symborg
· Verdesian Life Sciences
· Axeb Biotech
· Plant Response
· Pivot Bio
· Others
Global Agricultural Biologicals Market: Regional Scope
North America
· U.S.
· Canada
· Mexico
Europe
· U.K.
· Germany
· France
· Italy
· Spain
· Rest of Europe
Asia Pacific
· China
· India
· Japan
· South Korea
· Australia
· Rest of Asia Pacific
South America
· Brazil
· Argentina
· Rest of South America
Middle East and Africa
· Saudi Arabia
· UAE
· Egypt
· South Africa
· Rest of Middle East and Africa
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