The Global Agricultural Biologicals Market is projected to reach a value of over USD 20.9 billion by 2027 at a CAGR of 11.4%.
Agricultural biologicals are referred as the chemicals derived from the natural sources such as microbes, insects, plant extracts, and others to boost the agricultural output. These products are less toxic as compared to conventional agrochemicals and are used for enhancing soil condition, seed treatment, and help in protecting plants from pest, weed plants, and other external barriers. Moreover, it also helps plants to increase the absorption of the essential nutrients, thereby, increasing the overall agricultural yield..
Market Drivers:
Globally, the demand for food is increasing, which is an outcome of rising global population. As per United Nation Department of Economic and Social Affairs, the global population is projected to reach USD 9.8 Billion by 2050. Growing global population resulting into rise in the per capita food consumption, which results in high demand for enough agricultural yield. Increasing crop productivity through eco-friendly substitute in order to preserve biodiversity with changing global climate is likely to fuel the global market. Limited availability of arable land within the developed nations is another factor fueling the demand for higher crop yield, which in turn, drives the growth of agricultural biologicals.
Since ages, synthetic chemical pesticides are used for improving agricultural products. Increasing chemical resistance towards the pesticides in pests is the serious global issue, leading major loss of the agricultural produce. This has driven attention towards the use of the biologically produced pesticides and other agricultural biologicals. Increasing demand for bio-pesticides for better crop protection, as a part of integrated pest management to decrease the agricultural loss due to pest and other harmful organisms is driving the demand for agricultural biologicals.
Market Opportunities:
Growing adoption of organic farming especially in the developing and developed nations to reduced hazardous impact of the chemical fertilizers, pesticides and others is expected to boost the market growth immensely in the years to follow. Increasing investment along with favorable support by the Government is creating new growth avenues for the biologicals market.
The report on the agricultural biologicals market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Source, Type, Crop Type, Application and End-user |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Agricultural Biologicals Market, by Source
Agricultural Biologicals Market, by Type
Agricultural Biologicals Market, by Crop Type
Agricultural Biologicals Market, by Application
Agricultural Biologicals Market, by End-user
Agricultural Biologicals Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE AGRICULTURAL BIOLOGICALS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY