Agricultural Biologicals Market Size is estimated to grow at a CAGR of 11.0% during the forecast period
Additionally, the biologicals support the restoration of
the mineral and microbial balance, resistance, residue management, and soil's
ability to hold water and hold carbon. Over the projection period of 2022–2030,
the global agricultural biologicals market is
expected to increase at a compound annual growth rate (CAGR) of 11.0%.
Biologics, or agricultural biologicals, are plant and seed
protection agents made from organic or natural materials like insects,
microbes, and plant or animal extracts. They are applied to the soil to shield
crops from weeds, pests, and illnesses. Their main purpose is to substitute
synthetic and chemical fertilizers. By increasing nutrient intake and maintaining
the health of the crops, they also help to increase yield.
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Growth Drivers:
Governments all around the world are concentrating more and
more on launching different campaigns, grants, and programs designed to
increase the uptake of natural farming methods in their own nations.
Furthermore, the global agricultural biologicals market is expected to grow
profitably due to the existence of laxer registration regulations and the
increasing adoption of clear procedures for the registration of novel
biofertilizers in nations like Canada, the United States, and India.
Other significant factors propelling the growth of the
global agricultural biologicals market include the growing emphasis of industry
participants on creating high-performance agricultural products, the growing
public awareness of the advantages of biologicals and organic food products,
the growing concerns about environmental safety, the growing trend of
sustainable agriculture, the growing need for productivity and yield
improvement, and the rising frequency of pest outbreaks.
However, during the projected period of 2022–2030, the
limited availability of agricultural biologicals, the lack of knowledge and
short shelf life of biopesticides, and the growing threat of counterfeit goods
are anticipated to impede the growth of the worldwide agricultural biologicals market.
Agricultural Biologicals Market Segmentation:
By Function:
· Crop
Protection
· Biocontrol
· Crop
Enhancement
· Biofertilizers
· Biostimulants
By Product Type:
· Microbials
· Macrobials
· Semiochemicals
· Natural
Products
By Mode of Application:
· Foliar
Spray
· Soil
Treatment
· Seed
Treatment
By Application:
· Cereals
& Grains
· Oilseed
& Pulses
· Fruits
& Vegetables
· Other
Crop Types
By Region:
· North
America
· Europe
· Asia
Pacific
· Latin
America
· Middle
East and Africa
Key Companies in Agricultural Biologicals
Market:
The research report offers a competitive analysis of
prominent companies operating in the global agricultural biologicals market. Some
of the leading players profiled in the market research report include:
· Novozyme
A/S
· Bayer
Cropscience AG
· BASF
SE
· UPL
· Corteva
AgriSciences
· Koppert
Biological Systems
· Certis
USA LLC
· Valagro
S.P.A.
· Syngenta
AG
· Stockton
Bio-AG
· Valent
BioSciences
· Rizobacter
· Marrone
Bio Innovation Inc.
· Other
Players
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