WASHINGTON, Feb. 09, 2023 (GLOBE NEWSWIRE) -- According to the report published by Vantage Market Research, the global Agricultural Biologicals Market was estimated at $ 10.43 Billion in 2021 and is expected to hit $ 27.38 Billion by 2028, registering a CAGR of 12.82 % from 2022 to 2028.
Agricultural Biologicals Market Overview
The agricultural biologicals market is a segment of the agrochemical industry that involves the use of biological products and substances in agriculture. These products can include microorganisms, enzymes, and natural substances that enhance plant health, soil fertility, and crop yields. The market for agricultural biologicals is growing rapidly, driven by increasing demand for sustainable and environmentally friendly farming methods, advances in biotechnology, and government support for the use of biologicals in agriculture.
The market can be segmented based on the type of product, including microbial inoculants, biopesticides, biofertilizers, and others. Microbial inoculants are used to improve plant health by introducing beneficial microorganisms into the soil. Biopesticides are natural substances used to control pests and diseases in crops, while biofertilizers provide essential nutrients to plants.
Asia-Pacific is the largest market for agricultural biologicals, driven by the increasing demand for food in countries such as China and India, and growing government support for sustainable agriculture.
In conclusion, the agricultural biologicals market is expected to continue to grow in the coming years, driven by increasing demand for sustainable and environmentally friendly farming methods, advances in biotechnology, and government support for the use of biologicals in agriculture.
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Agricultural Biologicals Market Define
The agricultural biologicals market refers to the use of biological products and substances in agriculture to improve plant health, soil fertility, and crop yields. Agricultural biologicals include microorganisms, enzymes, and natural substances that are used as an alternative to synthetic pesticides and fertilizers. These products are considered to be more sustainable and environmentally friendly compared to traditional chemical products, and are increasingly being used in agriculture around the world. The agricultural biologicals market is growing rapidly, driven by factors such as increasing consumer demand for organic food, advances in biotechnology, and government support for sustainable agriculture.
Agricultural Biologicals Market Insights
The agricultural biologicals market refers to the use of biological products, such as microorganisms and natural substances, in agriculture to improve plant health, soil fertility, and crop yields. This market has been growing rapidly in recent years due to increased demand for sustainable and environmentally friendly farming methods.
Some key drivers of the agricultural biologicals market include:
- Growing demand for organic food products: With increasing consumer awareness about the harmful effects of synthetic pesticides and fertilizers, demand for organic food products has been growing, which is driving demand for biologicals in agriculture.
- Advances in biotechnology: Advances in biotechnology have led to the development of new and improved agricultural biologicals, which have higher efficacy and safety profiles compared to traditional chemical products.
- Government support: Governments around the world are promoting the use of biologicals in agriculture through policies and programs, which is helping to drive the growth of the market.
- Increasing population and food demand: The growing global population and increasing demand for food are putting pressure on agriculture to increase production, which is leading to growing interest in biologicals as a means of improving crop yields.
- Overall, the agricultural biologicals market is expected to continue to grow in the coming years, driven by increasing demand for sustainable and environmentally friendly farming methods, and advances in biotechnology.
Top Players in the Global Agricultural Biologicals Market
- BASF SE
- Syngenta
- Marrione Bio Innovation
- Isagro
- UPL
- Evogene
- Bayer
- Vegalab
- Valent
- Stockton
- Biolchim
- Rizobacter
- Valagro
- Koppert Biological Systems
- Lallemand
- Symborg
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What is Agricultural Biologicals?
Agricultural biologicals refer to the use of biological products and substances in agriculture to improve plant health, soil fertility, and crop yields. Agricultural biologicals include microorganisms, enzymes, and natural substances that are used as an alternative to synthetic pesticides and fertilizers. These biological products are designed to enhance crop growth and productivity in a more sustainable and environmentally friendly manner.
Some examples of agricultural biologicals include microbial inoculants, which introduce beneficial microorganisms into the soil to improve plant health, biopesticides, which are natural substances used to control pests and diseases in crops, and biofertilizers, which provide essential nutrients to plants.
The use of agricultural biologicals is growing rapidly, driven by increasing consumer demand for organic food products, advances in biotechnology, and government support for sustainable agriculture. By providing a more sustainable and environmentally friendly alternative to traditional chemical products, agricultural biologicals have the potential to play a significant role in improving global food security.
Agricultural Biologicals Market Trends
The agricultural biologicals market is growing rapidly and is expected to continue to grow in the coming years.
- Growing demand for organic food products: There is an increasing consumer demand for organic food products, which is driving demand for sustainable and environmentally friendly farming methods, including the use of agricultural biologicals.
- Advances in biotechnology: Advances in biotechnology have led to the development of new and improved agricultural biologicals, which have higher efficacy and safety profiles compared to traditional chemical products.
- Government support: Governments around the world are promoting the use of biologicals in agriculture through policies and programs, which is helping to drive the growth of the market.
- Growing use of precision agriculture: Precision agriculture involves using technology to optimize crop yields and improve farm efficiency. Agricultural biologicals are playing an increasingly important role in precision agriculture, as they can help to improve plant health and soil fertility.
- Growing focus on sustainable agriculture: There is a growing global focus on sustainable agriculture, which is promoting the use of agricultural biologicals as an alternative to synthetic pesticides and fertilizers.
- Expansion in developing countries: The agricultural biologicals market is expected to grow rapidly in developing countries, such as India and China, driven by increasing demand for food and growing government support for sustainable agriculture.
Overall, these trends suggest that the agricultural biologicals market is poised for significant growth in the coming years, driven by increasing demand for sustainable and environmentally friendly farming methods, advances in biotechnology, and government support for the use of biologicals in agriculture.
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Agricultural Biologicals Market Challenge
While the agricultural biologicals market is growing rapidly, there are several challenges that are impacting its growth.
- Lack of awareness and understanding: There is still a lack of awareness and understanding among farmers about the benefits of using agricultural biologicals, which can limit their adoption.
- High cost of biologicals: Agricultural biologicals are often more expensive than traditional chemical products, which can limit their adoption among farmers, particularly in developing countries.
- Regulatory challenges: The regulatory environment for agricultural biologicals is still evolving, and there is a lack of clear and consistent regulations governing the use of these products. This can limit their commercialization and adoption.
- Quality and consistency of biologicals: Ensuring the quality and consistency of agricultural biologicals is a challenge, as the performance of these products can be impacted by factors such as temperature, humidity, and soil type.
- Competition from synthetic pesticides and fertilizers: Synthetic pesticides and fertilizers are still widely used in agriculture, and they have a well-established reputation and infrastructure in the market. This can make it difficult for agricultural biologicals to compete.
- Limited research and development: The research and development of agricultural biologicals is still limited, which can limit the development of new and improved products.
Overall, these challenges need to be addressed in order to promote the growth and adoption of agricultural biologicals in agriculture. Addressing these challenges will require a concerted effort from governments, industry players, and other stakeholders to improve the regulatory environment, raise awareness and understanding, and promote research and development in the field.
Agricultural Biologicals Market Opportunities
The agricultural biologicals market is full of opportunities for growth and expansion.
- Growing demand for sustainable agriculture: The growing demand for sustainable agriculture is creating opportunities for the use of agricultural biologicals, as these products are considered to be more environmentally friendly than traditional chemical products.
- Advances in biotechnology: Advances in biotechnology are creating opportunities for the development of new and improved agricultural biologicals, which have higher efficacy and safety profiles compared to traditional chemical products.
- Expansion in developing countries: The agricultural biologicals market is expected to grow rapidly in developing countries, such as India and China, driven by increasing demand for food and growing government support for sustainable agriculture.
- Growing use of precision agriculture: Precision agriculture is becoming increasingly important in modern agriculture, and agricultural biologicals are playing an increasingly important role in this field.
- Government support: Governments around the world are promoting the use of biologicals in agriculture through policies and programs, which is creating opportunities for the growth of the market.
- Increasing awareness and understanding: As awareness and understanding about the benefits of using agricultural biologicals increases, the market is expected to grow.
- Growing demand for organic food: The growing demand for organic food products is driving demand for sustainable and environmentally friendly farming methods, including the use of agricultural biologicals.
Overall, these opportunities suggest that the agricultural biologicals market has significant potential for growth in the coming years, driven by increasing demand for sustainable agriculture, advances in biotechnology, and government support for the use of biologicals in agriculture.
Segmentation of the Global Agricultural Biologicals Market:
By Product
- Biopesticides
- Bio stimulants
- Biofertilizers
- Others
By Application
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Post-harvest
By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East Africa
Regional Analysis
The agricultural biologicals market is expected to grow rapidly in various regions around the world, driven by factors such as increasing demand for food, growing awareness about sustainable agriculture, and advances in biotechnology. Some of the key regions in the market include:
- North America: North America is expected to be a major market for agricultural biologicals, driven by a well-established agriculture sector, high demand for organic food products, and government support for sustainable agriculture.
- Europe: Europe is expected to be a key market for agricultural biologicals, driven by a growing focus on sustainable agriculture, high demand for organic food products, and supportive regulations.
- Asia-Pacific: The Asia-Pacific region is expected to be a rapidly growing market for agricultural biologicals, driven by factors such as increasing demand for food, growing awareness about sustainable agriculture, and rapid economic growth.
- Latin America: Latin America is expected to be a growing market for agricultural biologicals, driven by factors such as increasing demand for food, growing focus on sustainable agriculture, and favorable government policies.
- Rest of the World: Other regions, such as the Middle East and Africa, are also expected to be growing markets for agricultural biologicals, driven by factors such as increasing demand for food and growing awareness about sustainable agriculture.
Overall, these regions are expected to provide significant growth opportunities for the agricultural biologicals market in the coming years, driven by factors such as increasing demand for food, growing focus on sustainable agriculture, and advances in biotechnology.
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Scope of the Report:
| Report Attributes | Details |
| Market Size in 2021 | USD 10.43 Billion |
| Revenue Forecast by 2028 | USD 27.38 Billion |
| CAGR | 12.82 % from 2022 to 2028 |
| Base Year | 2021 |
| Forecast Year | 2022 to 2028 |
| Key Players | BASF SE, Syngenta. Marrione Bio Innovation, Isagro, UPL, Evogene, Bayer, Vegalab, Valent, Stockton, Biolchim, Rizobacter, Valagro, Koppert Biological Systems, Lallemand, Symborg. |
| Customization Options | Customized purchase options are available to meet any research needs Explore customized purchase options |
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