Global Agricultural Biologicals Market is set to register a high CAGR owing to increasing demand from the cereals and grains segment

May, 2023 - Market Research Future has published a half-cooked research report on the Global Agricultural Biologicals Market

Agriculture biologicals market is projected to reach USD 49.62 billion by 2030 at a 7.20% CAGR from 2023 to 2030.

Agriculture biologicals are produced from organic sources such as agricultural waste, manure, biological matter, and microorganisms. They offer excellent properties such as stimulating soil microbial function, activating plant physiology, and adjusting nutrients and pH. These natural fertilizers are a favorable substitute for chemical fertilizers, which protect crops from rodents, pests, and plant diseases.

Agriculture Biologicals Market Highlights

The global agricultural biologicals market has been segmented on the basis of type, source, mode of application, application, and region. By type, the global agricultural biologicals market has been classified into biopesticides, biofertilizers, bio-stimulants, and others.  Among these, the biopesticides segment led the agricultural biologicals market in 2017 owing to the rising innovations in biopesticides, cost-effectiveness, and improved yield of harvest. Biopesticides act only on the target pest and don’t affect the fertility of the soil. The bio-fertilizers segment is projected to grow at a robust CAGR in the coming years due to its enhanced fertility and safe nature when compared to chemical fertilizers, such as urea.

Based on source, the global agricultural biologicals market has been divided into microbials, biochemicals, and biorationals. Biochemicals are projected to grow at an encouraging CAGR during the forecast period due to its easy availability and cost-effectiveness.

On the basis of application, the global agricultural biologicals market has been classified into cereals and grains, fruits and vegetables, oilseeds and pulses, cash crops, and others. Among these, cereals and grains segment dominated the market in 2017 owing to increasing population and staple diet of emerging economies such as India, China, and Japan. Fruits and vegetable segment is projected to grow at a high CAGR during the assessment period owing to the growing demand for fruits in North America and Europe.

By mode of application, the global agricultural biologicals market has been segmented into foliar spray, soil treatment, and seed treatment. In 2017, foliar spray treatment dominated the agricultural biologicals market owing to easy absorption of nutrients and good yield. Seed treatment is projected to grow at a healthy CAGR during the review period owing to the increased productivity and cost-effectiveness.

Market Segmentation

The global agricultural biologicals market has been segmented on the basis of type, source, mode of application, application, and region.

Based on type, the global agricultural biologicals market has been segregated into biopesticides, biofertilizers, bio-stimulants, and others.

By source, the global agricultural biologicals market has been categorized as microbials, biochemicals, and biorationals.

On the basis of application, the global agricultural biologicals market has been segregated into foliar spray, soil treatment, and seed treatment.

By application, the global agricultural biologicals market has been divided into cereals and grains, oilseeds and pulses, fruits and vegetables, cash crops and others.

The global agricultural biologicals market has been analyzed across five key regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The global agricultural biologicals market is studied for five key regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The North American market dominated the agricultural biologicals market in 2017 and is projected to continue its dominance during the forecast period. The US is the leading country in the region owing to the presence of leading manufacturers such as Monsanto Company, Agrinos, and Arysta LifeScience Corporation. The market for Asia-Pacific is projected to grow at the highest CAGR in the coming years and is estimated to show the same trend during the following years. China and India are the prominent countries adopting agricultural biologicals owing to large consumer base and increasing agri-business. Japan and Australia & New Zealand are other countries contributing to the regional market growth.

Competitive Analysis

Some of the key players operating in the global agricultural biologicals market are DowDuPont (US), Isagro SpA (Italy), Novozymes (Denmark), Marrone Bio Innovations (US), Bayer AG (Germany), Syngenta (Switzerland), Monsanto Company (US), BASF SE (Germany), Valent Biosciences LLC (US), Koppert B.V.  (Netherlands), Certis USA L.L.C (Colombia), Agrinos (US), and Arysta LifeScience Corporation (US).