Agricultural Biologicals Market To Garner Revenue Worth USD 13.5 Billion By 2026 : Facts and Factors

The global agricultural biologicals market in 2019 was approximately USD 7.2 billion. The market is expected to grow at a CAGR of 9.4% and is anticipated to reach around USD 13.5 billion by 2026.

Agricultural biologicals are a form of crop protection that are derived from natural materials. There increasing demand for supreme quality crops globally has led to the development of crops that can resist pest attacks to some extent with the help of agricultural biologicals hence driving the global market. Environmental damage caused due to the use of large quantities of harmful chemicals for crop protection is creating a demand for biological products that can replace the harmful chemicals hence boosting the global agricultural biologicals market. Also, stringent government rules and regulations on the use of chemical fertilizers in the agriculture sector are anticipated to boost the agricultural biologicals market.

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The global agricultural biologicals market is segmented based on product type, crop type, application, and region. The biopesticides category under product type segmentation dominated the segment in 2019 with a market share of more than 55% and is anticipated to grow with a steady CAGR in the forecast period. This growth can be attributed to the increasing use of biopesticides in North America and Europe for turfs, soil, and foliage. Cereals & grains under crop type segmentation dominated the segment in 2019 with a market share of more than 40% in 2019 due to the increasing demand for crops such as corn, wheat, millet, rice, and barley across the globe. The seed treatment category under application segmentation dominated the segment in 2019 with a market share of around 23% due to the growing demand for agricultural biologicals to enhance seed properties to boost the crop yields.

North America region dominated the global agricultural biologicals market in 2019 with a market share of around 35% and is anticipated to continue its dominance in the forecast period. The growth of the agricultural biologicals market in the North America region is attributed to the ever-improving agricultural activities such as technological advancements, favorable government regulations, improving farming techniques, and continuous research and development initiatives. The Asia Pacific region is anticipated to grow with the fastest CAGR in the forecast period due to the emerging agriculture sector in countries such as India, South Korea, Philippines, Japan, and Thailand. The growing trend of consumer preference for organic products along with supportive government initiatives is anticipated to further boost the market in the Asia Pacific in the forecast period.

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Some of the key players of the global agricultural biologicals market are Isagro S.P.A., Bayer AG, Marrone Bio Innovations, Vegalab S.A., Valent Biosciences, Biolchim S.P.A., Valagro, Symborg, Seipasa, Biobest Group Nv, Agrinos Inc., CBF China Bio-Fertilizer AG, Mapleton Agri Biotec, Symborg S.L., BASF SE, Syngenta Crop Protection AG, UPL, Evogene Ltd, Lallemand, Stockton Bio-AG, Rizobacter Argentina SA, Koppert Biological Systems, Andermatt Biocontrol AG, Verdesian Life Sciences, LLC, Kiwa Bio-Tech Products Group Corporation, Sigma Agri-Science, LLC, Novozymes A/S, National Fertilizers Ltd., and others.

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This report segments the agricultural biologicals market as follows:

Global Agricultural Biologicals Market: By Product Type Segmentation Analysis

Biopesticides
Biostimulants
Biofertilizers
Others

Global Agricultural Biologicals Market: By Crop Type Segmentation Analysis

Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others

Global Agricultural Biologicals Market: By Application Segmentation Analysis

Foliar Spray
Seed Treatment
Soil Treatment
Post-harvest

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