Global Agricultural Biologicals Market: Key Highlights
Global Agricultural Biologicals Market: Key Market Dynamics
Global Agricultural Biologicals Market: Regional Overview
The North American agricultural biologicals market is expected to grow significantly in the upcoming timespan owing to rising adoption of modern farming practices. Growing adoption of bio-based agrochemicals to reduce the chemical resistance in the region, is shifting preference towards the agriculture biologicals. In addition to this, strict regulations imposed on the usage of conventional chemical fertilizers and pesticides is supporting the growth of the regional market.
Rising population in China, India, and other countries, resulting into higher demand for food, is driving the market growth across the Asia-Pacific. Booming agricultural sector, limited cultivable land, along with the increasing agricultural export activities, accounting for around 20% of the agriculture exports among the global agriculture exports is fueling the growth of this market in Asia-Pacific. Furthermore, some of the other factors contributing the region’s market growth includes low water management, along with higher environmental and soil degradation.
Global Agricultural Biologicals Market: Key Players Overview
BASF SE is the German based chemical manufacturer offering products used in agriculture, packaging, printing, home care, paints & coatings, pharmaceuticals and paper and pulp sector. The company operates through the chemicals, materials, industrial solutions, surface technologies, nutrition care, and agricultural solution. In July 2019, BASF launched new biological pest control for vegetable for preventing insect and pest resistance for crop protection.
Denmark based Novozyme, is the biotechnology company operates through agriculture, bioenergy, food & beverage, household care and others. In April 2019, the company announced the new partnership with Univar Solution and UPL focus to build the broad alliance. The alliance aims at the commercialization of microbial solution for boosting the agricultural yield.
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