Agricultural Biologicals Market Projected to Reach $12.86 Billion by 2022 | Key Players Include - Bayer, Syngenta, Monsanto BioAG, BASF, DowDuPont
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Biopesticides segment estimated to dominate the market with the largest share in 2017
The biopesticides segment is estimated to be the largest type of agricultural biologicals in 2017. The product portfolios of major companies involved in the pesticides industry have focused on the development of bioinsecticides and biofungicides. Some key companies have been entering into R&D agreements to develop innovative biopesticide products for seed treatment; this segment thus occupied the largest share.
Microbials segment is projected to be the fastest-growing market during the forecast period
The microbials segment is projected to grow at the highest CAGR during the forecast period due to the wide use of beneficial microorganisms to help reduce the usage of synthetic fertilizers and chemical pesticides, thereby reducing investment costs of farmers. Microbials also provide essential benefits to crops in terms of efficiency and productivity.
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North American region is estimated to dominate the market in 2017
Decline in trend of the usage of synthetic pesticides and fertilizers in North America for its harmful effects on the environment and increase in the application of integrated pest management are the factors fueling the demand for agricultural biologicals in North America.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Bayer (Germany), Syngenta (Switzerland), Monsanto BioAG (US), BASF (Germany), and DowDuPont (US).
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