Agricultural Biologicals Market 2020 - High Demand For Organic Food Will Boosting The Market Growth Analysed By Leading Players Bayer CropScience Company, BASF SE, Isagro Company, Novozymes A/S, Marrone Bio Innovation Inc.

Agricultural biologicals are beneficial to crop production and protection products that are derived from natural materials. Biopesticides, biofertilizers, and biostimulants are some of the subtypes of agricultural biologicals.

Increasing demand for organic food is a major factor boosting growth of the global agricultural biologicals market over the forecast period. For instance, according to the 2019 Organic Industry Survey released by the Organic Trade Association in May 2019, the U.S. organic market in 2018 reached US$ 52.5 billion, up 6.3% percent from 2017. Moreover, the increasing global population is also expected to aid in growth of the market. For instance, according to projections by Population Reference Bureau (PRB) included in the 2018 World Population Data Sheet, the world population is expected to reach 9.9 billion by 2050, up 2.3 billion or 29% from an estimated 7.6 billion people in 2018.

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Increasing concerns regarding the harmful impact of chemical fertilizers and pesticides on the environment are expected to propel growth of the market. The use of chemical fertilizers may lead to waterway pollution, chemical burn to crops, increased air pollution, acidification of the soil, and mineral depletion of the soil. Moreover, increasing pest outbreaks on plants is also expected to lead to a high demand for agricultural biologics. For instance, in January 2020, Mpumalanga and KwaZulu-Natal, South Africa, witnessed the fall armyworm outbreak.

Several species of insects and pests have developed resistance to chemical plant protection products. Such a scenario is expected to offer lucrative growth opportunities for players in the agricultural biologicals market. For instance, there are 253 known herbicide-resistant weeds. Moreover, according to Zoological Society of London's December 2019 data, overuse of herbicides costs U.K. economy US $440 million, annually.

However, agricultural biologics such as biopesticides have high specificity, which means that certain biopesticides may only be effective on certain pests. This in turn may require use of multiple products, which may not be commercially viable. Moreover, slow action of biopesticides against pests is also expected to hinder growth of the market.

Major players in the market are focused on launching products to expand their product portfolio. For instance, in January 2020, BioSafe Systems launched BT NOW, an aqueous, biological insecticide labeled to control various lepidoptera pests in a wide variety of specialty crops.

Key Takeaways:

o Increasing demand for organic food is a major factor boosting growth of the global agricultural biologicals market over the forecast period
o Slow action of agricultural biologics is expected to hinder growth of the market
o Major players operating in the global agricultural biologics include Bayer CropScience Company, BASF SE, Isagro Company, Novozymes A/S, Marrone Bio Innovation Inc., Valent BioSciences Corporation, and Koppert Biological System

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Key Features of the Study:

o This report provides an in-depth analysis of the agricultural biological market, market size (US$ Bn), and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017 - 2025)

o It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by the leading players

o It profiles leading players in the Global Agricultural Biological Market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, key developments, and future plans

o Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics

o The global agricultural biological market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, new entrants, and financial analysts

o Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the agricultural biological Market

Detailed Segmentation:

Global Agricultural Biological Market, By Product Type:

o Biopesticides
o Biofertilizers
o Biostimulants

Global Agricultural Biological Market, By Source:

o Microbials
o Biorationals
o Others

Global Agricultural Biological Market, By Mode of Application:

o Soil Treatment
o Seed Treatment
o Foliar Spray

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Global Agricultural Biological Market, By Application:

o Cereals and Grains
o Oil Seed and Pulses
o Fruits and Vegetables
o Others

Global Agricultural Biological Market, By Geography:

o North America (United States, Canada, and Mexico)
o Europe (Germany, France, UK, Russia, and Italy)
o Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
o South America (Brazil, Argentina, Colombia)
o Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

The Agricultural Biological Market record mainly includes the most important companies pro reports with their annual income sales, commercial enterprise strategies, employer fundamental products, profits, enterprise boom parameters, industry contribution on a worldwide and nearby level. This research covers the international Agricultural Biological Market's overall performance in phrases of price and extent contribution. This segment additionally includes the most important organization analysis of key trends, drivers, restraints, challenges, and opportunities, that are influencing the worldwide Agricultural Biological Market. Impact evaluation of key boom drivers and restraints, based totally on the weighted common model, is protected in this report to better equip clients with crystal clear decision-making insights.

Destinations of the Research Study:

o What will be analyzing center capabilities and pieces of the overall industry of key players in the Agricultural Biological and thoroughly profiling them?
o What are the Unveiling significant possibilities and openings accessible in the Agricultural Biological advertise?
o What will be researching the market based future possibilities, development patterns, and Agricultural Biological elements?
o What is the market size of driving fragments and sub-sections of the Agricultural Biological?
o What are the Agricultural Biological market openings and methods adopted and seen by the players?

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