Global Agricultural Biologicals Market Demand, Growth Analysis, Regional Forecast by the End of 2030

The global agricultural biologicals market is presently worth USD 12.9 billion and is poised to amplify at a CAGR of 12.74% over 2022-2030, thereby amassing USD 36.03 billion by end of the assessment timeline. 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.

Increasing pest outbreaks in crops, increased awareness and demand for high-quality agricultural produce, and the development of pest resistance to some plant protection chemicals are some of the primary drivers driving global market expansion. The environmental exploitation caused by the overuse of crop protection agents increases demand for biological products. These products can be used alone or in conjunction with synthetic pest-resistant pesticides, which are expected to drive the worldwide agricultural biologicals market in the coming years. Furthermore, stringent regulations imposed by agricultural product regulatory bodies and agencies prohibiting the use of excessive synthetic or chemical fertilizers are expected to drive global market growth.

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Agricultural biologicals are referred to as a wide range of products that are used to aid crop production. These components are obtained from naturally occurring organic matters, microorganisms, plant extracts, and beneficial insects, among others. These products are also used to safeguard yields and crops from pest infestation. The rising environmental cognizance of the masses has increased the adoption of agricultural biologicals as a replacement for chemical based fertilizers and pesticides.

Market Segmentation:

The global agricultural biologicals market can be segmented based on several factors, including:

Product Type: The agricultural biologicals market can be segmented based on the type of product, such as biopesticides, biofertilizers, biostimulants, and others.

Crop Type: The market can also be segmented based on the crop type, such as cereals and grains, oilseeds and pulses, fruits and vegetables, and others.

Mode of Application: Agricultural biologicals can be applied to crops through various modes, such as foliar spray, seed treatment, and soil treatment. The market can be segmented based on the mode of application.

Formulation: Agricultural biologicals are available in different formulations, such as liquid, powder, and granules. The market can be segmented based on the formulation of the product.

Geography: The market can be segmented based on geographic regions, such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Source: Agricultural biologicals can be derived from different sources such as microbials, plant extracts, and biochemicals. The market can be segmented based on the source of the product.

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 is projected to capture a substantial revenue share over 2022-2030. This is attributable to the rising incidences of pest infestation on food crops, growing environmental awareness, and rapid technological advancements in the agricultural sector.

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)

Market Key Players:

BASF SE, Syngenta AG, Bayer AG, UPL, Marrone Bio Innovations, Inc., Gowan Company, Vegalab SA, Lallemand Inc., Valent Biosciences LLC, Koppert Biological System, Start-Ups/SMEs/Other Players, Biovert S.L., Trade Corporation International, Stockton Bio-AG, Biolchim SpA, Rizobacter, Symborg, Verdesian Life Sciences, Axeb Biotech, Plant Response, and Pivot Bio

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FAQs:

Q. What is the growth rate projection for Global Agricultural Biologicals Market over 2022-2030?

A. The marketplace is expected to witness a CAGR of 12.74% over the forecast duration of 2022-2030.

Q. What are the major trends influencing the expansion matrix of Global Agricultural Biologicals Market?

A. Escalating demand for food crops along with rising environmental cognizance of the masses are aiding the expansion of this industry.

Q. Which are the major segments covered in the Global Agricultural Biologicals Market report?

A. The marketplace is classified on the basis of function, crop type, mode of application, and product type.

Key Points:

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Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

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The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

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