Research Nester published a report titled “Agricultural Biologicals Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers a detailed overview of the agricultural biologicals market in terms of market segmentation by type, by source, by mode of application, by crop type, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.
Agricultural biologicals are naturally arising biochemicals derived from natural sources such as plants that are proficient in shielding the crops from several plant diseases and a range of pests destroying the crops.
The agricultural biologicals market is anticipated to notice an attainable high CAGR during the forecast period, i.e., 2020-2028. The market is segmented by type, source, mode of application, crop type, and region. Among product types, the biopesticides segment is expected to dominate the global market share on account of the rising shift of farmers towards the development of pest resistance products, emerging development in the field of organic farming, and growing demand for organic food products. Based on the mode of application, the foliar spray segment is dominating in the market owing to the numerous application benefits to farmers. Based on crop type, the fruits & vegetable segment is expected to dominate the market share on account of the increasing demand for seasonal organic fruits globally.
Regionally, theagricultural biologicals market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
North America is expected to hold the leading market share in the forecast period dominated by the US. Growth is attributable to major market players situated in the region, increasing exports, regulations regarding the usage of chemical fertilizers, and high-end R&D set-up.
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European markets are estimated to witness the fastest growth owing to government regulations supportingthe use of organic products, improved yield & productivity, rising demand for organic products, and adoption of modern technology for farming.
The Asia-Pacific region is expected to grow significantly led by developing nations. This growth is majorly attributed to increasing government support through subsidies, policies, and schemes, rising import & export situations, growing population, agro-climatic conditions, and a high proportion of available agricultural land in countries such as China, Japan, and India.
The market in the Middle East and African regions are also expected to witness significant growth opportunities mostly due to strong government support policies.
Growing demand for organic food products to boost the global agricultural biologicals market
Budding awareness for good well-being also upsurges the demand for organic food products, subsequently leading to the growth of the global agricultural biologicals market.
Additionally, improvement in productivity and yield, rise in costs of pesticides and fertilizers, increase in the global population, a rapid progression in the use of microbial seed treatment yields, and easier residue managementhas also contributed towards the market growth significantly.
However, lack of awareness, limited availability of the agricultural biologicals, and low adoption rate of biopesticides together with the short shelf life of biopesticides might hamper the overall market growth.
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This report also provides the existing competitive scenario of some of the key players of the agricultural biologicals market which includes company profiling of Bayer AG (ETR: BAYN), Syngenta AG, BASF SE (ETR: BAS), ArystaLifeScience, Koppert Biological Systems, Marrone Bio Innovations (NASDAQ: MBII), Novozymes (CPH: NZYM-B), Certis USA LLC, Agrilife, Valent BioSciences LLC. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the agricultural biologicals market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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