The agricultural biologicals market size is estimated to account for a value of USD 8.8 billion in 2019 and is projected to grow at a CAGR of 13.6% to reach a value of USD 18.9 billion by 2025. Factors such as the increasing trend of sustainable agriculture in the global market, low residue levels, and supportive regulations are the key factors driving the growth of the agricultural biologicals market. Expansions, new product launches, and agreements were the dominant strategies adopted by key players to capitalize on the strong market potential.
The North American region accounted for the largest share in the market. This market is projected to grow at the highest CAGR during the forecast period. The largest share of the North American region is attributed to its high-end R&D infrastructure and the high number of patents received for biopesticides and biostimulants by companies based in the region.
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This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the agricultural biologicals market. It includes the profiles of leading companies, such as BASF SE (Germany), Syngenta (Switzerland), Marrione Bio Innovation (US), Isagro (Italy), UPL (India), Evogene (Israel), Bayer (Germany), Vegalab (US), Valent (US), Stockton (Israel), Biolchim (Italy), Rizobacter (Argentina), Valagro (Italy), Koppert Biological Systems (Netherlands), Lallemand (Canada), Symborg (Spain), Andermatt Biocontrol (Switzerland), Seipasa (Spain), and Verdasien Life Sciences (US).
The rise in demand for organic fruits & vegetables has led to a rise in the usage of biocontrol products to increase the yield. Biostimulants are proven to increase crop yield and improve the shape and size of fruits. Fruits and vegetables are also subject to post-harvest losses. The usage of biostimulants also increases the shelf life of crops, such as tomatoes, apples, grapes, and mangoes.
The availability of strains, ease of production, and a higher rate of adoption among farmers are some of the drivers leading to the dominance of microbials in the agricultural biologicals market. The use of microbials does not need the user to have the specific technical knowledge and high-end distribution logistics such as macrobials. This factor has led to a higher acceptance of microbial solutions than any other type of agricultural biologicals among growers.
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Biocontrol is a broad term that includes biopesticides, bioinsecticides, bio-fungicides, and bionematicide. Major players in the market include biocontrol products in their product portfolio to cater to the increasing demand for biocontrol globally. The increased instances of pest infestations on major crops, such as wheat, rice, corn, and sugarcane, is one of the key factors for the dominance of biocontrol products in the agricultural biologicals market. Biocontrol methods are cost-effective, unlike their chemical counterparts, and are effective in micro quantities.
Feb 8, 2022
Agricultural Biologicals Market to Witness Revolutionary Growth by 2025
The agricultural biologicals market size is estimated to account for a value of USD 8.8 billion in 2019 and is projected to grow at a CAGR of 13.6% to reach a value of USD 18.9 billion by 2025. Factors such as the increasing trend of sustainable agriculture...
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