The global agricultural biologicals market reached a value of US$ 8.1 Billion in 2020. Agricultural biologicals are plant protection products derived from organic matter, such as microorganisms, insects and from plant or animal extracts. They are applied to the soil for protecting crops from pests, weeds, diseases, and to enhance their yield by improving nutrient uptake. Besides this, they assist in residue and resistance management, restoring mineral and microbial balance, and increase the carbon levels and water holding capacity of the soil. Nowadays, agricultural biologicals are used as an integral part of integrated pest management (IPM) to maintain a balance between the physical, biological and chemical aspects of the soil.
With the rapidly growing population, there is 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, as well as non-profit organizations (NGOs), are encouraging the usage of agricultural biologicals to support diversity in modern farming practices. Apart from this, the versatile functions of agriculture biologicals in both organic and conventional crop production systems, along with increasing investments by the leading players in research and development (R&D) projects, are expected to drive the market further. Looking forward, IMARC Group expects the global agricultural biologicals market to exhibit strong growth during the next five years.
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The report has also analysed the competitive landscape of the market with some of the key players being 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, Valagro and Valent U.S.A. LLC (Sumitomo Chemical Co. Ltd.).
Key Questions Answered in This Report
The global agricultural biological market size was valued at US$ 8.10 Billion in 2020.
According to the estimates by IMARC Group, the global agricultural biological market is expected to witness a CAGR of 12.70% from 2021 to 2026.
The rising demand of agro-based products due to the increasing concerns towards soil health, agricultural sustainability, and environmental safety, represents one of the key drivers for the global agricultural biological market.
The introduction of numerous advanced farming practices in both organic and conventional crop production systems represents one of the key trends in the global agricultural biological market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in numerous agricultural activities, thereby hampering the market growth.
On the basis of the type, the market has been bifurcated into biopesticides, biofertilizers, and biostimulants. Currently, biopesticides hold the majority of the total market share.
On the basis of the mode of application, the market has been divided into foliar spray, soil treatment, seed treatment, and post-harvest. Among these, seed treatment represents the largest segment.
On the basis of the application, the market has been classified into cereals and grains, oilseed and pulses, fruits and vegetables, turf and ornamentals, and others. Among these, cereals and grains hold the largest market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
The key companies in the global agricultural biological market are 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, Valagro, and Valent U.S.A. LLC (Sumitomo Chemical Co. Ltd.).
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