Agricultural Biologicals Market Size Analysis, Business Growth, Trends Forecast to 2030

The global Agricultural biologicals market Size is expected to be worth USD 9.46 billion in 2021 and is estimated to reach up to USD 29.59 billion by 2030, at a compound annual growth rate (CAGR) of 14.30% from 2022 to 2030.The widespread population expansion which in turn is escalating the demand for food crops across the globe is one of the major factors augmenting the outlook of this marketplace. Alongside, rising environmental cognizance of the masses is creating lucrative opportunities for the industry to prosper.

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Key Players: -

• Syngenta
• Dow
• Bayer | Crop Science
• BASF SE
• Isagro S.p.A.
• Novozymes A/S
• Marrone Bio Innovation Inc.
• Valent BioSciences
• Koppert Biological Systems US
• UPL

The sudden outbreak of the COVID-19 pandemic has been affecting the global economy since 2020, as governments across the globe imposed lockdowns and limited the movement of their masses. All the industrial sectors took a massive hit, as their activities were halted, transnational travel stopped, and only essential businesses such as medications and food were permitted to function. The intensity and speed with which the pandemic affected the global economy, and in particular the agriculture and food system, hampered the sales of agricultural biologicals. According to the U.S. Department of Agriculture (USDA), the overall agri-exports of the country in the initial seven months of 2020 witnessed a decline of 3.5% compared to 2019. However, the market gradually recovered with the ease of trade barrier restrictions for essential commodities.

SEGMENTATION
By Function Type
• Biopesticides
• Biostimulants
• Biofertilizers
By Source
• Microbial
• Natural Products
• Biochemicals
By Application Method
• Foliar Spray
• Soil Treatment
• Seed Treatment
• Others

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The market is divided into two sources: microbiological and biochemical, with the microbial segment accounting for the majority of the market. The segment is expected to maintain its dominance during the forecast years, owing to farmers' increased acceptance of microorganisms to tackle many significant agricultural challenges, including as plant protection, soil health maintenance, and crop production enhancement. Increasing research on diverse bacteria with the potential to play important roles in crop protection is likely to drive growth and demand for microbial for the manufacturing of agricultural biologicals over the forecast period.

KEY INDUSTRY DEVELOPMENTS:
• June 2019- A distribution deal was signed by Bayer and AlphaBio Management to commercialize Flipper, a cutting-edge biological pest control solution created by AlphaBio.

• January 2019- Two of Marrone Bio Innovations Inc.'s products were approved for sale in Canada according to an announcement made by the company. The Pest Management Regulatory Authority licenced MBI-110 Biofungicide, which is sold as Stargus for specialty crops in the United States (PMRA). Canadian Food Inspection Agency has authorised Haven Sun Protectant (CFIA).

Objectives of the Report
• To carefully analyse and forecast the size of the Agricultural biologicals market by value and volume.
• To estimate the market shares of major segments of the Agricultural biologicals
• To showcase the development of the Agricultural biologicals market in different parts of the world.
• To analyse and study micro-markets in terms of their contributions to the Agricultural biologicals market, their prospects, and individual growth trends.
• To offer precise and useful details about factors affecting the growth of the Agricultural biologicals
• To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Agricultural biologicals market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Regional Analysis:

Considering the geographical frame of reference, the business sphere is classified into North America, Middle East & Africa, South America, Europe, and Asia Pacific. Among these, North America region dominates the market share owing to the region's need for biological products rising as a result of the rising desire for organic agriculture. This is attributable to the rising incidences of pest infestation on food crops, growing environmental awareness, and rapid

North America (U.S., Canada, and Mexico)
South America (Brazil, Argentina, and Colombia)
Europe (Germany, U.K., France, Italy, Spain, and Russia)
Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)

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