Growing Demand For Increasing Agricultural Yield Worldwide Is Expected To Drive The Agricultural Biologicals Market Growth

Agricultural Biologicals Market Size, Share, Trends, Growth, Analysis, Research

Global Agricultural Biologicals Market: Key Highlights

  • According to the new market research report Agricultural Biologicals Market by Source (Plant Extract, Microbials and Macrobials), by Type (Biostimulant, Biopesticides and Biofertilizers), by Crop Type (Fruits & Vegetable, Oil Seeds, Cereals & Grains and Others), by Application (Foliar Sprays, Soil Fixation, Seed treatment, Root Dipping and Others), by End-User (Agricultural Research Institutes, Biological Product Manufacturers and Government Agencies), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global agricultural biologicals market is estimated to reach USD 20.9 Billion by 2027 at a CAGR of 11.4% in the forecast period.
  • Agricultural biologicals are the group of chemicals or products extracted from the natural sources such as plants, microbes, insects and others to increase the crop yield.   
  • These products are less toxic and helps in increasing uptake of nutrients, seed treatment, protect crops from pest and weeds, and enhancing soil conditions.
  • Low entry barrier is attracting many new players and giant agrochemical providers to diversify the business towards agricultural biologicals

Agricultural Biologicals Market

Global Agricultural Biologicals Market: Key Market Dynamics

  • Growing global population coupled with rising demand for food worldwide is generating demand for higher agricultural output, which is driving the growth of agricultural biologicals
  • Increasing chemical resistance in pests towards the pesticides is creating higher loss in the agricultural produce, further fueling the agricultural biologicals market growth
  • Higher awareness regarding benefits of organic farming is increasing its adoption in combination with advanced farming technique is opening new growth windows for the agricultural biological market
  • Low awareness regarding the agricultural biologicals in the farmers is a key challenge impacting the market growth 

Global Agricultural Biologicals Market: Regional Overview

  • North America

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.

  • Asia-Pacific

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:

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.

  • Novozyme:

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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Rep Id : AG 09

Published : 2020-02-27

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