IMARC Group, a leading market research company, has recently releases report titled “Agricultural Biologicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global agricultural biologicals market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the agricultural biologicals market?
|Market Size in 2022||US$ 12.4 Billion|
|Market Forecast in 2028||US$ 28.3 Billion|
|Growth rate (2023 to 2028)||CAGR of 15%|
|Base Year of the Analysis||2022|
What is agricultural biologicals?
Agricultural biologicals are crop production and protection products obtained from naturally occurring sources, such as living organisms, plant extracts, insects, and organic matter. They are applied to the soil to protect plants and crops from weeds, pests, and diseases and improve their yield, nutrient uptake, and overall health. They also help in residue and resistance management, maintaining mineral and microbial balance, increasing carbon levels, and improving the water-holding capacity of the soil. Presently, farmers worldwide are adopting agricultural biologicals as an eco-friendly alternative to synthetic and chemical fertilizers to grow healthy crops.
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What are the growth prospects and trends in the agricultural biologicals industry?
Due to the growing global population, scarcity of cultivable land, and rising food insecurities, there is a simultaneous increase in the demand for agricultural biological products. Moreover, the emerging trend of chemical-free and organic foods is driving the sales of agricultural biologicals across the globe. Furthermore, governing agencies of numerous countries, along with non-profit organizations (NGOs), are encouraging the adoption of modern farming practices and focusing on educating farmers on the health and environmental impact of synthetic or chemical-based fertilizers. This, in confluence with increasing investments by the several key players in research and development (R&D) activities, is anticipated to propel the market further.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
Breakup by Source:
Breakup by Mode of Application:
- Foliar Spray
- Soil Treatment
- Seed Treatment
Breakup by Application:
- Cereals and Grains
- Oilseed and Pulses
- Fruits and Vegetables
- Turf and Ornamentals
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
- Valent U.S.A. LLC (Sumitomo Chemical Co. Ltd.)
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