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The global agricultural biologicals market is expected to grow at a CAGR of 9.27% from 2022 to 2028. Speak directly to the analyst to clarify any post sales queries you may have.
MARKET TRENDS & OPPORTUNITIES
Emerging Organic Farming
The demand for organic farming is being propelled by its environmental advantages. Organic farming practices help reduce soil and groundwater contamination by eliminating chemical fertilizers and pesticides. Moreover, organic farming requires fewer non-renewable resources compared to conventional methods. IT also promotes the preservation of biodiversity in the soil. According to a report by Columbia Climate School in February 2020, organic farming fosters 30% more biodiversity, consumes 45% less energy and emits 40% less carbon than conventional farming.Expanding Sustainable Agriculture
The agricultural sector holds immense importance in the global economy as IT employs a significant portion of the global workforce of numerous countries. However, conventional farming practices, characterized by intensive use of synthetic fertilizers and pesticides, monoculture, and large-scale industrial farming, have had adverse effects on the environment, public health, and food security on a global scale. Sustainable agriculture has emerged as a viable solution to counter these problems. IT offers a path towards a more resilient, equitable, and environmentally sustainable food system that benefits all stakeholders. Sustainable agriculture has become increasingly crucial in the present times. Climate change has led to variable weather patterns, increased soil degradation, and declining groundwater levels, posing significant challenges for farmers in meeting the growing food demands of a growing population.INSIGHTS BY PRODUCT
The biopesticides product dominated the global agricultural biologicals market in 2022, holding a significant share of over 50% owing to the increasing utilization of biopesticides in soil, foliage, and turfs, particularly in North American and European countries and has contributed to its substantial market share. Key biopesticide products include insect sex pheromones and scented plants, which attract and trap pests. Microbial pesticides, on the other hand, contain active ingredients that effectively control various pest types. Among these, microbial pesticides containing Bacillus thuringiensis strains are widely adopted due to their ability to produce a protein mix that eliminates pests.Segmentation by Product
- Biopesticides
- Bio Stimulants
- Bio-Fertilizers
- Others
INSIGHTS BY APPLICATION
The global agricultural biologicals market by application can be segmented as foliar spray, seed treatment, soil treatment, and post-harvest. In 2022, the foliar spray method dominated the market, primarily due to the significant demand for biologicals in enhancing seed properties to improve crop yield. The excessive use of synthetic fertilizers and other chemical crop care products like pesticides and insecticides in recent years has led to significant degradation of soil quality in major agricultural economies. However, governments have started implementing regulations in the agricultural sector to address the environmental hazards caused by the excessive use of chemical products in farming. This regulatory approach is expected to grow bio-fertilizer in various seed and soil applications worldwide.Segmentation by Application
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Post-Harvest
INSIGHTS BY CROP TYPE
The cereals & grains crop type segment held the largest global agricultural biologicals market in 2022. The larger share can be attributed to the increasing global demand for crops such as wheat, rice, corn, barley, and millet. Advancements in microbiology have played a crucial role in determining the appropriate composition of agricultural biologicals for wheat cultivation, leading to a high demand for biologics and driving the growth of this segment. Cultivating cereals & grains requires a significant quantity of various agricultural biologicals, particularly bio-fertilizers, for promoting healthy growth. Studies conducted worldwide have shown that the injection of Azotobacter bacteria in cereal & grain crops reduces the nitrogen requirement of the plants and facilitates their development. Additionally, for optimal wheat growth, using phosphate solubilizing bacteria and Azotobacter inoculation has proven to be highly effective bio-fertilizers in terms of crop yield.Segmentation by Crop Types
- Cereals & Grains
- Oilseed & Pulses
- Fruits & Vegetables
- Others
GEOGRAPHICAL ANALYSIS
North America emerged as the global agricultural biologicals market leader, capturing a significant share of approximately 39% in 2022. The regional growth can be attributed to the strong presence of global agricultural product manufacturers, with most producers concentrated in the United States. Additionally, the region's agricultural practices have constantly evolved, incorporating advanced farming techniques, technological advancements, continuous research and development, and government regulations promoting sustainable farming methods. States such as North Dakota, California, Montana, Wisconsin, and New York have emerged as key players in organic cultivation within the United States.Segmentation by Geography
- North America
- Europe
- APAC
- Latin America
- Middle East & Africa
COMPETITIVE LANDSCAPE
Prominent manufacturers in the global agricultural biologicals market consistently prioritize new product innovations, forging partnerships, engaging in mergers and acquisitions, and fostering collaborations to target a wide customer base while optimizing distribution costs effectively. Companies like Bayer CropScience and BASF SE are integrating their operations throughout the value chain to maintain their market standing. Meanwhile, new agricultural biological market entrants emphasize establishing long-term contracts with local and regional farming communities to expand their industry presence.Key Company Profiles
- Novozymes
- Bayer AG
- BASF SE
Other Prominent Vendors
- 1,4Group, Inc.
- 3Bar Biologics
- Acadian Plant Health
- Adjuvants Plus Inc.
- Agrinos
- Corteva AgriScience
- UPL Limited
- Syngenta International AG
- Atlantica Agricola
- Neudorff
- FMA Corporation
- Certis USA LLC
- Bioworks Inc.
- Kiwa Bio-Tech Products Group Corporation
- IPL Biologicals
- Andermatt Biocontrol AG
- Valent Biosciences
KEY QUESTIONS ANSWERED:
- How big is the agricultural biologicals market?
- What is the growth rate of the global agricultural biologicals market?
- What are the growing trends in the agricultural biologicals industry?
- Which region holds the most significant global agricultural biologicals market share?
- Who are the key players in the global agricultural biologicals market?
Table of Contents
1 Research Methodology2 Research Objectives3 Research Process7 Market at a Glance
4 Scope & Coverage
5 Report Assumptions & Caveats
6 Premium Insights
8 Introduction
9 Market Opportunities & Trends
10 Market Growth Enablers
11 Market Restraints
12 Market Landscape
13 Product
14 Application
15 Crop Types
16 Geography
17 North America
18 Europe
19 Apac
20 Latin America
21 Middle East & Africa
22 Competitive Landscape
23 Key Company Profiles
24 Other Prominent Vendors
25 Report Summary
26 Quantitative Summary
27 Appendix
List of Exhibits
List of Tables
Companies Mentioned
- Novozymes
- Bayer AG
- BASF SE
- 1,4Group, Inc.
- 3Bar Biologics
- Acadian Plant Health
- Adjuvants Plus Inc.
- Agrinos
- Corteva AgriScience
- UPL Limited
- Syngenta International AG
- Atlantica Agricola
- Neudorff
- FMA Corporation
- Certis USA LLC
- Bioworks Inc.
- Kiwa Bio-Tech Products Group Corporation
- IPL Biologicals
- Andermatt Biocontrol AG
- Valent Biosciences
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 275 |
| Published | August 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 9.5 Billion |
| Forecasted Market Value ( USD | $ 16.17 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
