The global agricultural biologicals market size was USD 8.9 Billion in 2020 and is expected to register a CAGR of 13.5% during the forecast period. Growing awareness regarding the implementation of natural or organic pest resistance products for plant protection is a major factor fueling market revenue growth. Agricultural biologicals/bioproducts are produced with ingredients of natural origin, and are hence fully biodegradable as well as non-toxic to plants and consumers alike.
Top Companies Operating in the Global Agricultural Biologicals Market:
Bayer (Germany), Syngenta (Switzerland), BASF SE (Germany), Marrione Bio Innovation (US), UPL (India), Isagro (Italy), Evogene (Israel), and Vegalab (US).
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Various side effects are associated with the use of conventional or synthetic agrochemicals and can pose risks (adverse effects due to chemical residues on plant material) to consumers, and also have a negative impact on the environment due to biodegradability issues. Biologicals are considered ideal substitutes for synthetic agrochemicals, and rising demand for more organic, natural, and safer pest resistance products is driving market revenue growth to a significant extent.
Agricultural biologicals are also derived from different types of microorganisms and subsequently, there is no issue of toxicity or ecotoxicity, hazardous chemicals, harmful residues, or harmful effects on end-products or the environment. Additionally, biologicals may include semiochemical compounds, which are substances used for intra- or inter-species communication; for instance, semiochemical biopesticide is widely used for managing cotton pest ‘Helicoverpa spp’. Agricultural biologicals are highly preferred among farmers to enhance crop protection and improve nutrition uptake in plants, etc.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
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Agricultural Biologicals Market Segmentation
Product Type Outlook:
- Microbials
- Macrobials
- Semiochemicals
- Natural products
Mode of Application Outlook:
- Foliar spray
- Soil treatment
- Seed treatment
Function Outlook:
- Crop protection
- Biocontrol
- Crop enhancement
- Biofertilizers
- Biostimulants
Crop Type Outlook:
- Cereals grains
- Oilseed pulses
- Fruits vegetables
- Other crop types
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Agricultural Biologicals market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Agricultural Biologicals market.
The global Agricultural Biologicals market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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