Agricultural Biologicals Market Report to 2027: A $24+ Billion Opportunity - IMARCGroup.com

According to IMARC Group's latest report, titled "Agricultural Biologicals Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global agricultural biologicals market reached a value of US$ 10.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 24.8 Billion by 2027, exhibiting at a CAGR of 15.2% during 2022-2027.

Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Agricultural biologicals are substances used in crop production and crop protection that come from naturally occurring sources such organic matter, living things, plant extracts, insects, and insect larvae. They are used in the soil to enhance productivity, nutrient uptake, and general health while safeguarding plants and crops from weeds, pests, and diseases. They also aid in managing residue and resistance, preserving mineral and microbiological balance, raising carbon levels, and enhancing the soil's ability to retain water. Agriculture biologicals are currently being used by farmers all over the world to develop healthy crops as an environmentally acceptable substitute for synthetic and chemical fertilisers.

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Market Trends

The need for agricultural biological products is rising at the same time as the world's population is expanding, cultivable land is becoming increasingly scarce, and food insecurity is increasing. Additionally, the global demand for chemical-free and organic foods is boosting sales of agricultural biologicals. Furthermore, governments in many nations, along with non-profit organisations (NGOs), are promoting the use of modern farming techniques and emphasising the need to inform farmers about the negative effects that synthetic or chemical-based fertilisers have on their health and the environment. This is expected to further boost the market along with rising investments made by a number of key players in research and development (R&D) activities.

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List of Key Companies Covered in this Market Report:

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
Valent U.S.A. LLC (Sumitomo Chemical Co. Ltd.)

The report has segmented the market on the type, source, mode of application, application and geography.

Breakup by Type:

Biopesticides
Biofertilizers
Biostimulants

Breakup by Source:

Microbials
Macrobials
Biochemicals
Others

Breakup by Mode of Application:

Foliar Spray
Soil Treatment
Seed Treatment
Post-harvest

Breakup by Application:

Cereals and Grains
Oilseed and Pulses
Fruits and Vegetables
Turf and Ornamentals
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

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This release was published on openPR.