The latest report by IMARC Group, titled “ Agricultural Biologicals Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global agricultural biologicals market growth. The global market size reached US$ 12.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.3 Billion by 2028, exhibiting a growth rate (CAGR) of 15% during 2023-2028.
Agricultural biologicals, or biopesticides, biofertilizers, are natural substances or microorganisms employed in agriculture to enhance crop growth, protect plants from pests and diseases, and promote sustainable farming practices. It uses the power of beneficial organisms or naturally occurring compounds to support plant health and improve agricultural yields. It also aligns with sustainable agriculture practices, reducing chemical inputs, minimizing environmental impact, and contributing to the overall health of agricultural ecosystems. As a result, agricultural biologicals are widely adopted by farmers seeking eco-conscious solutions to meet global food demands.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/agricultural-biologicals-market/requestsample
Agricultural Biologicals Market Trends and Drivers:
The agricultural biologicals market is primarily driven by the increasing demand for sustainable agriculture practices. In addition, farmers and consumers are aware of the environmental impact of traditional chemical-based farming methods, which is escalating the demand for agricultural biologicals offering an eco-friendlier and more sustainable alternative, thus influencing the market growth. Moreover, the implementation of several government initiatives on chemical pesticides and fertilizers due to concerns regarding their harmful effects on the environment and human health encourages farmers to seek safer and more compliant alternatives, thus representing another major growth-inducing factor. Besides this, advances in biotechnology and microbiology led to the development of more effective and targeted agricultural biological solutions available to farmers, thus accelerating the sales demand. Along with this, the growing food security concerns led to the widespread adoption of agricultural biologicals that ensure sustainable food production and reduce crop losses due to pests and diseases, thereby addressing this pressing issue propelling the market growth. Furthermore, the growing awareness of health and environmental issues among consumers led them to opt for organic produce, thus creating a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Biopesticides
- Biofertilizers
- Biostimulants
Breakup by Source:
- Microbials
- Macrobials
- Biochemicals
- Others
Breakup by Mode of Application:
- Foliar Spray
- Soil Treatment
- Seed Treatment
- Post-harvest
Breakup by Application:
- Cereals and Grains
- Oilseed and Pulses
- Fruits and Vegetables
- Turf and Ornamentals
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Agri Life
- Agrinos Inc.
- Arysta LifeScience Corporation (UPL Limited)
- BASF SE
- Bayer AG
- Isagro (PI Industries)
- Marrone Bio Innovations Inc.
- Novozymes A/S
- Syngenta AG
- The Dow Chemical Company
- Valagro
- Valent U.S.A. LLC (Sumitomo Chemical Co. Ltd.)
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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