Agricultural Biologicals Market including BASF SE (Germany), Syngenta AG (Switzerland), Bayer AG (Germany), UPL (India), Corteva Agriscience (US), The Mosaic Company (US), Pro Farm Group Inc. (US), Gowan Company (US) and Other Top Players

According to Researcher, the agricultural biologicals market is projected to reach USD 27.9 billion by 2028 from USD 14.6 billion by 2023, at a CAGR of 13.8% during the forecast period in terms of value. The agricultural biologicals market comprises of biofertilizers, biopesticides, beneficial insects and biostimulants. The increasing consumer awareness and preference for organic and sustainable food fuel the market demand for agricultural biologicals. However, the higher production costs and limited scalability of agricultural biologicals can present challenges in terms of affordability and market competitiveness. Nevertheless, governments' implementation of stricter regulations on chemical pesticides encourages the adoption of safer alternatives, providing opportunities for the agricultural biologicals market.

"By mode of application, Foliar spray is projected in high demand during the forecast period."

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The compatibility of foliar application with other agricultural practices, such as fertilization, disease management, and pest control, enables farmers to seamlessly integrate agricultural biologicals into their existing spray programs. This integration enhances the overall effectiveness and efficiency of crop management practices. Foliar spray offers a targeted and precise method of applying agricultural biologicals, enabling direct contact between the biological agents and the target pests or pathogens. This direct contact maximizes the effectiveness of the biological solutions, optimizing their impact on pest and disease control. Owing to these factors, the segment is projected to grow at the highest CAGR.

"By crop type, the Cereals & Grains is expected to dominate the market for agricultural biologicals"

Agricultural biologicals provide effective and sustainable solutions for managing pests and diseases in cereals and grains, which are vulnerable to various pests and diseases that can negatively impact yield and quality. By utilizing agricultural biologicals, farmers can reduce their dependence on chemical pesticides. Additionally, biological products like biofertilizers and microbial inoculants improve the availability and uptake of nutrients in cereals and grains. They enhance soil fertility, promote nutrient cycling, and boost the plants' ability to absorb vital nutrients, resulting in improved crop health and increased productivity.

South America will significantly contribute toward market growth during the forecast period

The South American region, comprising Brazil, Argentina, and the Rest of South America (including Chile, Peru, and Venezuela), witnesses the cultivation of key crops such as cereals, corn, legumes, and soybeans across tropical, sub-tropical, and temperate climatic areas. Over time, inappropriate agricultural practices and excessive use of fertilizers and technology have led to soil degradation, prompting many farmers to adopt organic farming practices. A significant portion of land in the region is dedicated to organic farming, predominantly owned by small and local farmers. Various Latin American countries, including Argentina, Brazil, and Colombia, are expanding their production of biofertilizers and biological control agents. Incentive programs and regulatory changes are encouraging the use of biological inputs in agriculture. Moreover, these countries are focusing on diversifying crop varieties among small-scale farmers through organic farming strategies.

The increasing focus on organic farming and sustainable practices in the South American region drives the demand for agricultural biologicals as preferred inputs. Farmers are actively seeking biological solutions for pest and disease management, nutrient supplementation, and soil health improvement, presenting a lucrative market opportunity for manufacturers and suppliers of agricultural biologicals. Additionally, governments in South American countries are implementing incentive programs and regulatory changes to encourage the adoption of biological inputs in agriculture. These initiatives provide valuable support and incentives for farmers, leading to market growth and greater acceptance of agricultural biologicals.

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The break-up of Primaries:

By Company Type: Tier1-40%, Tier 2-30%, Tier 3- 30%

By Designation: Managers - 50%, CXOs-30%, and Executives- 20%

By Region: North America - 20%, Europe - 25%, Asia Pacific - 35%, South America - 10% RoW - 10%,

Leading players profiled in this report:

BASF SE (Germany)

Syngenta AG (Switzerland)

Bayer AG (Germany)

UPL (India)

Corteva Agriscience (US)

The Mosaic Company (US)

Pro Farm Group Inc. (US)

Gowan Company (US)

Vegalab SA (Switzerland)

Lallemand Inc. (Canada)

Valent BioSciences LLC (US)

Koppert (Netherlands)

Sustainable Agro Solutions, S.A.U. (Spain)

Trade Corporation International (Spain)

STK Bio-AG (Israel)

Biolchim Spa (Italy)

Rizobacter (Argentina)

Bionema (UK)

Certis USA L.L.C (US)

Biobest Group NV (Belgium)

Verdesian Life Sciences (US)

AXEB BIOTECH SL (Spain)

Pivot Bio (US)

Andermatt Group AG. (Switzerland)

Biotalys (Belgium)

The study includes an in-depth competitive analysis of these key players in the agricultural biologicals market with their company profiles, recent developments, and key market strategies.

Agricultural biologicals, which encompass a range of naturally derived products like biopesticides, biostimulants, and biofertilizers, are poised to transform the agricultural landscape in the years ahead. As we grapple with the challenges of feeding a growing global population while minimizing environmental impact, the future of agricultural biologicals holds great promise.

One of the key trends in this field is the increasing demand for sustainable and eco-friendly agricultural solutions. Farmers and consumers alike are becoming more conscious of the environmental consequences of traditional chemical-based farming practices. Agricultural biologicals offer a viable alternative by harnessing the power of beneficial microorganisms and natural compounds to enhance crop health, increase yields, and reduce the need for synthetic chemicals.

Biologicals are also benefiting from advances in biotechnology and microbiome research. Scientists are discovering new strains of beneficial microorganisms that can improve nutrient uptake in plants, protect them from diseases, and enhance soil health. As our understanding of the intricate relationship between plants and microbes deepens, we can expect to see more effective and tailored biological solutions for specific crops and growing conditions.

Furthermore, regulatory bodies are increasingly recognizing the value of agricultural biologicals and streamlining approval processes, paving the way for more innovation in this sector.

In conclusion, the future of agricultural biologicals is intertwined with the quest for sustainable and environmentally friendly farming practices. These biological solutions not only help increase food production but also reduce the ecological footprint of agriculture. As the world faces the challenges of climate change and food security, agricultural biologicals are poised to play a crucial role in ensuring a more sustainable and resilient food supply.

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