Agricultural Biologicals Market to Touch USD 17.9 Billion by 2030, Attaining a CAGR Of 12.2% Between 2023 and 2030
Agriculture
Biologicals Market Outlook
Agriculture
biologicals market is projected to reach USD 49.62 billion by 2030 at a 7.20%
CAGR from 2023 to 2030.
Agriculture
biologicals are produced from organic sources such as agricultural waste,
manure, biological matter, and microorganisms. They offer excellent properties
such as stimulating soil microbial function, activating plant physiology, and
adjusting nutrients and pH. These natural fertilizers are a favorable
substitute for chemical fertilizers, which protect crops from rodents, pests,
and plant diseases.
The global agricultural
biologicals market has been
segmented on the basis of type, source, mode of application, application, and
region. By type, the global agricultural biologicals market has been classified
into biopesticides, biofertilizers, bio-stimulants, and others. Among these,
the biopesticides segment led the agricultural biologicals market in 2017 owing
to the rising innovations in biopesticides, cost-effectiveness, and improved
yield of harvest. Biopesticides act only on the target pest and don’t affect
the fertility of the soil. The bio-fertilizers segment is projected to grow at
a robust CAGR in the coming years due to its enhanced fertility and safe nature
when compared to chemical fertilizers, such as urea.
Based on
source, the
global agricultural biologicals market has been divided into microbials,
biochemicals, and biorationals. Biochemicals are projected to grow at an
encouraging CAGR during the forecast period due to its easy availability and
cost-effectiveness.
Based on
application, the
global agricultural biologicals market has been classified into cereals and
grains, fruits and vegetables, oilseeds and pulses, cash crops, and others.
Among these, cereals and grains segment dominated the market in 2017 owing to
increasing population and staple diet of emerging economies such as India,
China, and Japan. Fruits and vegetable segment is projected to grow at a high
CAGR during the assessment period owing to the growing demand for fruits in
North America and Europe.
By mode of
application, the global
agricultural biologicals market outlook has been segmented into foliar spray, soil
treatment, and seed treatment. In 2017, foliar spray treatment dominated the
agricultural biologicals market owing to easy absorption of nutrients and good
yield. Seed treatment is projected to grow at a healthy CAGR during the review
period owing to the increased productivity and cost-effectiveness.
Market
Segmentation
The global
agricultural biologicals market has been segmented based on type, source, mode
of application, application, and region.
Based on
type, the
global agricultural biologicals market has been segregated into biopesticides,
biofertilizers, bio-stimulants, and others.
By source, the global agricultural biologicals market has
been categorized as microbials, biochemicals, and biorationals.
On the basis
of application, the global
agricultural biologicals market has been segregated into foliar spray, soil
treatment, and seed treatment.
By
application, the global
agricultural biologicals market has been divided into cereals and grains,
oilseeds and pulses, fruits and vegetables, cash crops and others.
The global
agricultural biologicals market has been analyzed across five key regions,
namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East
& Africa.
Regional
Analysis
The global
agricultural biologicals market is studied for five key regions, namely,
Asia-Pacific, North America, Latin America, Europe, and the Middle East &
Africa.
The North
American market dominated the agricultural biologicals market in 2017 and is
projected to continue its dominance during the forecast period. The US is the
leading country in the region owing to the presence of leading manufacturers
such as Monsanto Company, Agrinos, and Arysta LifeScience Corporation. The
market for Asia-Pacific is projected to grow at the highest CAGR in the coming
years and is estimated to show the same trend during the following years. China
and India are the prominent countries adopting agricultural biologicals owing
to large consumer base and increasing agri-business. Japan and Australia &
New Zealand are other countries contributing to the regional market growth.
Competitive
Analysis
Some of the
key players operating in the global agricultural biologicals market are
DowDuPont (US), Isagro SpA (Italy), Novozymes (Denmark), Marrone Bio
Innovations (US), Bayer AG (Germany), Syngenta (Switzerland), Monsanto Company
(US), BASF SE (Germany), Valent Biosciences LLC (US), Koppert B.V.
(Netherlands), Certis USA L.L.C (Colombia), Agrinos (US), and Arysta
LifeScience Corporation (US).
Browse
In-depth Market Research Report (128 Pages, Charts, Tables, Figures) Agricultural Biologicals Market Report : https://www.marketresearchfuture.com/reports/agricultural-biologicals-market-6629
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