Agricultural Biologicals Market Size, Industry Analysis Report By Segmentation & Forecast By - 2033
Agricultural Biologicals Market Size, Industry Analysis Report By Segmentation, Trends, Growth & Forecast By – 2033
Market Overview: -
The global Agricultural Biologicals market is
presently worth USD 12,900 million and is expected to expand with a CAGR of
12.74% over 2023-2033, thereby amassing a valuation of USD 36,033 million by
end of the forecast period.
Global Agricultural
Biologicals Market- Description
Agricultural biologicals are referred to as a wide
range of products that are used to aid crop production. These components are
obtained from naturally occurring organic matters, microorganisms, plant
extracts, and beneficial insects, among others. These products are also used to
safeguard yields and crops from pest infestation. The rising environmental
cognizance of the masses has increased the adoption of agricultural biologicals
as a replacement for chemical based fertilizers and pesticides.
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The widespread population expansion which in turn is
escalating the demand for food crops across the globe is one of the major
factors augmenting the outlook of this marketplace. Alongside, rising
environmental cognizance of the masses is creating lucrative opportunities for
the industry to prosper. Furthermore, surging R&D investments and
technological advancements in the field are adding momentum to the progression
of this business sphere.
Also, growing incidences of pest infestation in crops
and stringent regulations pertaining to the use of synthetic fertilizers across
various nations are positively swaying the dynamics of this market. Moreover,
rising focus of key players towards the development of natural crop protection
products coupled with the increasing rates of environmental exploitation are
aiding the expansion of this industry. On the contrary, the limited shelf life
of biologics along with the high contamination risk associated with them are
hindering the remuneration scope of this market.
Global Agricultural
Biologicals Market- Key trends
- Shifting consumer inclination towards
organically produced consumables is fueling industry growth
There has been a shifting preference of the masses
towards the consumption of organically produced food. This is mainly driven by
their rising awareness about ill effects of synthetic fertilizers. Moreover, it
is also evident that organic farming facilitates the production of safe, high
quality, certified, and healthy food crops. These factors are adding traction to
the development of this business vertical.
- Increasing sustainability goals across
major economies to boost market expansion
The major economies across the globe are adopting
sustainable practices to aid environmental protection. Rapid urbanization and
industrialization has not only increased the pollution levels but has also
depleted energy resources. Therefore, the utilization of agricultural
biologicals reduces the reliance of farmers on toxic chemicals. This in turn is
augmenting the outlook of this marketplace.
Global Agricultural
Biologicals Market- Segmental assessment
By Function
- Biocontrol
- Biostimulants
- Biofertilizers
By Product type
- Microbials
- Macrobials
- Semiochemicals
- Natural Products
The microbials segment is expected to grow
considerably over the forecast period ascribing to their high potential in
preventing pest infestations.
By Mode of Application
- Foliar spray
- Soil treatment
- Seed treatment
The foliar spray segment is slated to generate
significant returns over 2023-2033 due to its highly absorbent nature.
By Crop type
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and vegetables
The fruits and vegetables segment is poised to amass
notable gains over the stipulated timeline owing to the efficacy of
agricultural biologicals like biostimulants in extending the shelf life and
accelerating the growth of fruits and vegetables.
Global Agricultural
Biologicals Market: Key Companies
- BASF SE
- Syngenta AG
- Bayer AG
- UPL
- Marrone Bio Innovations, Inc.
- Gowan Company
- Vegalab SA
- Lallemand Inc.
- Valent Biosciences LLC
- Koppert Biological System
- Biovert S.L.
- Trade Corporation International
- Stockton Bio-AG
- Biolchim SpA
- Rizobacter
- Symborg
- Verdesian Life Sciences
- Axeb Biotech
- Plant Response
- Pivot Bio
Regional Analysis:
Considering the geographical frame of reference, the
business sphere is classified into North America, Middle East & Africa,
South America, Europe, and Asia Pacific. Among these, North America is
projected to capture a substantial revenue share over 2023-2033. The growth of
the market in the North American region is attributable to the rising
incidences of pest infestation on food crops, growing environmental awareness,
and rapid technological advancements in the agricultural sector.
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Reasons to Purchase
this Report:
The report provides quantitative and qualitative aspect for the market in terms
of value and volume, along with supporting market trends, challenges,
restraints.
The report provides an in-depth analysis from both
production and consumption point of view at the regional and country level. Key
Factors considered within the report scope are Production capacity by
countries/regions, average price, consumption ratio, revenue earned and gross
margin.
The report provides competitive analysis of around
30-50 companies operated in the market, these companies are bifurcated into
niche players, the leaders and major contenders. The companies are analyzed in
terms of following factors such as:
§ Business Model
§ Production Capacity, Revenue, Sales, Gross Margin
§ Key Business Strategy
§ SWOT Analysis
In terms of competitive landscape, the report provides
distinctive factors that would help the end user in taking a key decision
within the business:
§ Company Share Analysis from 2018-2022
§ Company Analysis by Revenue and Sales
§ Company Production Capacity, Gross Margin
§ Company Share Analysis by Application/End Use
§ Company Share Analysis by Product/Specification
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• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets
during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
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