Agricultural Biological Market is Expected to Grow at a CAGR of 12.9% During the Forecast Period 2019 - 2027

Latest market study on "Global Agricultural Biological Market to 2027 - Analysis and Forecasts by Type (Biopesticides, Biostimulants, Biofertilizers), Source (Microbials, Biochemicals, Others), Application Mode (Foliar Sprays, Soil Treatment, Seed Treatment), Application (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others)". The global agricultural biological market is accounted to US$ 7,148.8 Mn in 2018 in 2018 and is expected to grow at a CAGR of 12.9% during the forecast period 2019 - 2027, to account to US$ 21,141.0 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Rising demand of healthy food products in Asia Pacific region will create growth opportunities for the global agricultural biological market

Growing awareness and demand for healthier crop food products in the developed counties such as China, India, Japan, and South Korea have promoted the manufacturers to produce agricultural biological products. Also, developing nations in the Asia Pacific exhibit huge potential and growth prospects for the agricultural biological products due to change in lifestyle, rise in middle-class population, growth in disposable income and an increase in awareness about healthier products.

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Strategic Insights

Merger and acquisition, new product development and others were observed as the most adopted strategies in global agricultural biological market. Few of the recent developments in the global agricultural biological market are listed below:

2018: BASF SE completed the acquisition of Bayer AG in order to strengthen its seed platform and complements the recently expanded agricultural solutions portfolio.

2018: Koppert Biological Systems recently announced the introduction of its new NatuGro System in the California strawberry market.

2018: Marrone Bio Innovations, Inc. launched TerraConnect which is a new global biological soil applied and seed treatment platform and delivers growers high performance products as well as a broad range of valuable tools to improve and protect crops.

GLOBAL AGRICULTURAL BIOLOGICAL MARKET SEGMENTATION

By Type

• Biopesticides

• Biostimulants

• Biofertilizers

By Source

• Microbials

• Biochemicals

• Others

By Application Mode

• Foliar Sprays

• Soil Treatment

• Seed Treatment

By Application

• Cereals and Grains

• Oilseeds and Pulses

• Fruits and Vegetables

• Others

By Geography

· North America

· Europe

· Asia Pacific

· Middle East and Africa (MEA)

· South America

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The usage of nanotechnology in the agricultural sector has significantly increased and is expected to grow in the future. Nanoparticles are used to improve soil fertility, soil nutrients, control growth of weeds, and protect plant crops. Nanobiopesticides are also being used by the agricultural farmers for the pest control and expected to increase in the future. Nanobiopesticides consist of nanoparticles of small engineered structures or active ingredients with important pesticidal properties. The health authorities ensure that these nanobiopesticides doesn’t contain any harmful substances that can harm human beings, plants, and environment. These factors would lead to rising in demand for nanobiopesticides in the agriculture industry.

Company Profiles

1. BASF SE
2. Biolchim S.p.A.
3. Certis U.S.A. LLC
4. DowDuPont Inc.
5. Isagro S.p.A
6. Koppert Biological Systems
7. Marrone Bio Innovations, Inc.
8. Syngenta
9. UPL
10. Valent BioSciences LLC
11. Source Insights

The global agricultural biological market is bifurcated on the basis of source into microbial, biochemicals, and others. The microbials segment accounted for the largest share in the global agricultural biological market. Microbials are small bacterial and fungal organisms which can be categorized into fungi, bacteria, viruses, protozoa, etc. It improves the soil’s nutrient uptake, offering insect control for protection against diseases, and enhance yield. It helps in absorption of essential nutrients like nitrogen, potassium, phosphorus, and sulphur, and are widely known for solving fundamental agricultural problems such as plant health control, crop productivity, and soil’s health maintenance along with environmental concerns such as soil and water bioremediation from inorganic and organic contaminants.

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