Agricultural Biologicals - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2017 - 2029

Key Highlights

• Meal Based Fertilizers is the Largest Form. Bone meal is predominantly utilized to address the crop cultivation requirement for phosphorous, while blood meal is deployed primarily for supplementing nitrogen in crops.
• Organic Fertilizer is the Largest Type. Meal-based fertilizers dominated the global organic fertilizer market interms of value which accounted for 43.2% of the market in 2022, followed by manures in the same year.
• Row Crops is the Largest Crop Type. Europe dominates the market value for row crops in biologicals market. In 2022, maize, rice, sorghum, and wheat are among the most important row crops cultivated globally.
• Europe is the Largest Region. With the increasing trend in organic crop area, the agricultural biologicals market in the region has also increased by about 40.6 percent during period of 2017 to 2022.

Agricultural Microbials Market Trends

Crop Nutrition is the largest Function

• The crop nutrition segment held the highest share of the global agricultural biologicals market in 2022, accounting for 64.6% by value and 98.1% by volume. Organic fertilizers accounted for about 58.8% of the crop nutrition market in 2022, owing to their vast availability and inexpensive cost.
• The global organic fertilizer market was dominated by meal-based fertilizers, which accounted for 43.2% in 2022. Bone meal is largely used to meet the phosphorus requirements of crop production, whereas blood meal is mostly used to supply nitrogen in crops.
• Row crops accounted for 72.2% of the crop nutrition segment in 2022, followed by horticultural and cash crops, which held shares of 17.5% and 10.3%, respectively. The dominance of row crops was partly due to their large cultivation area.
• Macrobials dominated the crop protection segment, accounting for USD 3.10 million in 2022. This high share was due to their ability to control a wide range of pests. When compared to other biocontrol organisms, macrobials are voracious feeders.
• In 2022, predators accounted for about 91.0% of the macrobial market by value due to their ability to attack various pest species and their life stages.
• Consumers' growing knowledge of the detrimental effects of synthetic fertilizers is boosting the demand for organic products both internationally and domestically. As a result, the market is expected to grow during the forecast period.

Europe is the largest Region

• The European region is one of the world's major producers of organic crops and the largest consumer of organic products. Germany and France are some of the major organic crop producers in the region, and they account for the highest organic product consumption in the regional market. Due to the rise in the overall organic crop area, the regional market has expanded by about 22.9%. The market is expected to grow by about 63.4% during the forecast period, reaching USD 14.11 billion by the end of the forecast period.
• The Asia-Pacific region is a large producer of organic products, ranking second in terms of market value. China and India are the region's leading organic crop producers and the region's largest organic product consumers as well. The region's organic agricultural area increased significantly from 2017 to 2021, growing from 4.9 million hectares in 2017 to 6.9 million hectares in 2021.
• North America accounted for 19.8% of the global biofertilizers market in 2022. The area under cultivation of organic crops in the region increased by 13.5% from 1.4 million hectares in 2017 to 1.6 million hectares in 2021. The demand for organic food in the region is growing rapidly, with an average per capita spending on organic food products in North America valued at USD 109.7 in 2021.
• The expanding organic crop areas and the rising demand for organic products and biological fertilizers lower the overall chemical fertilizer usage and crop production costs. The governments' efforts to encourage organic farming are expected to drive the global agricultural biologicals market during the forecast period, registering a CAGR of 9.4%.

Agricultural Microbials Industry Overview

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