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The global agricultural biologicals market was valued at US$ 8.1 Billion in 2020.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disruptions in exports and imports of the raw materials for manufacturing agricultural biologicals, thereby negatively impacting the global market.
The rising awareness towards the adverse impact of chemical-based fertilizers, in confluence with the increasing concerns for soil health, agricultural sustainability and environmental safety, are some of the factors driving the global agricultural biologicals market.
Based on the type, the global agricultural biologicals market has been bifurcated into biopesticides, biofertilizers, and biostimulants. Currently, biopesticides hold the majority of the total market share.
Based on the mode of application, the global agricultural biologicals market can be divided into foliar spray, soil treatment, seed treatment and post-harvest. Among these, seed treatment exhibits a clear dominance in the market.
Based on the source, the global agricultural biologicals market has been segmented into microbials, macrobials, biochemicals, and others, where microbials account for the largest segment.
Based on the application, the global agricultural biologicals market can be categorized into cereals and grains, oilseed and pulses, fruits and vegetables, turf and ornamentals, and others. Currently, cereals and grains hold the largest market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global agricultural biologicals market include 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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