Agricultural Biologicals Market Overview, Drivers, Revenue And Forecast to 2030

Market Overview:

Agricultural biologicals are plant protection products derived from organic matter, such as microorganisms, insects, and plant or animal extracts. They are applied to the soil to protect crops from pests, weeds, and diseases and enhance their yield by improving nutrient uptake. Besides this, they assist in residue and resistance management, restoring mineral and microbial balance, and increasing the soil's carbon levels and water holding capacity. Nowadays, agricultural biologicals are an integral part of integrated pest management to balance the soil's physical, biological, and chemical aspects.

With the rapidly growing population, a significant scarcity of arable land, and a simultaneous rise in the demand for agro-based products. This represents one of the key factors influencing the sales of agricultural biologicals across the globe. Moreover, the rising awareness about the harmful impact of chemical-based fertilizers is escalating the demand for organic food products. This, in confluence with the increasing concerns for soil health, agricultural sustainability, and environmental safety, is propelling the uptake of agricultural biologicals among farmers. Furthermore, several governing agencies and non-profit organizations are encouraging the usage of agricultural biologicals to support diversity in modern farming practices. Apart from this, the versatile functions of agriculture biologicals in organic and conventional crop production systems, along with increasing investments by the leading players in research and development projects, are expected to drive the agricultural biologicals market further.

In addition, the global agricultural biologicals market overview is expected to increase at a CAGR of 12.22%, with a value of USD 18.06 billion over the projected quarters of 2020 to 2027.

Regional Analysis:

According to the US Department of Agriculture's Agricultural Statistics Service, there were more than 1,400 registered organic farms in the United States in 2019. Furthermore, around 3,454,441 acres of land were treated with biological fertilizers in 2019. Organic exports of fruits and vegetables amounted to USD 548 million in 2016. Hence, the increasing demand for organic crops leads to an upsurge in demand for biological products in the country. The US Environmental Protection Agency, which is associated with the regulation of pesticides in the United States, has made the registration of biopesticide products more efficient through the development of modified test methodologies and clear guidance documents, as a result of which, currently, over 430 biopesticide ingredients are available in the country.

The major strategies adopted by key players, such as Certis USA LLC, Syngenta, Bayer CropScience AG, and BASF SE, have also contributed to the growth of the agricultural biological market in the country. For instance, in 2019, Agrinos and Van Diest Supply Company partnered to drive the use of biological crop solutions among the farmers in the country.

Market Segmentation:

According to the agricultural biologicals market report, the global market has been segmented into five sections: type, source, mode of application, crop type, and regional analysis. The market is classified into biopesticides, bio-stimulants, and biofertilizers with the type section. The global market is further divided into microbial, biochemical, and others with the source section. According to the mode of application, the global agricultural biologicals market is divided into four sections: foliar sprays, soil treatment, seed treatment, and others. With the crop section, the market is divided into cereals grains, oilseeds and pulses, fruits and vegetables, and others. On a regional basis, the global market is further divided into five sections Asia-pacific, Europe, South America, North America, and Middle East Africa.

Industrial News:

In the agricultural biologicals market, companies are competing based on product quality and promotion and focusing on strategic moves to hold larger market shares. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the market.

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