At a CAGR of 14.07%, Agricultural Biologicals Market to Witness USD 29.40 Billion Healthy Y-o-Y Growth Ratio From 2023 to 2029

Exactitude Consultancy Market Research analyses that the Agricultural Biologicals Market will witness a CAGR of 14.07% for the forecast period of 2023-2029 and is likely USD 8.99 Billion in 2022 to reach at USD 29.40 Billion by 2029.

Agricultural biologicals are good crop production and protection tools from natural materials and living organisms. In addition, they use nature's defenses to help protect plants from pests that complement traditional crop protection equipment. Biological agriculture is also considered an agricultural production process that is economically sustainable, as it uses safe products for crop treatment. It also helps reduce harmful environmental consequences. Therefore, adopting agro-organics by various economies is expected to increase market growth shortly.

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Why Does the Agricultural Biologicals Industry Future seem Great?

► This is due to the increase of sustainable agriculture in the global market, low deposit levels, and supportive guidance, which are the essential factors driving the market's growth.

► The key strategies used by the major players to achieve strong market potential were extensions, innovative product launches, and contracts. Global agricultural organic market likely to move.

► Agricultural organics are various products made from natural materials, mainly used to replace chemicals used in agricultural farming.

► Farmers depend on organic agriculture as it discourages using chemical and synthetic fertilizers to grow nutritious and healthy food.

✦ Agricultural Biologicals Market Trends

⇨ Growing demand for organic food products: There is an increasing consumer demand for organic food products, which is driving demand for sustainable and environmentally friendly farming methods, including the use of agricultural biologicals.

⇨ Advances in biotechnology: Advances in biotechnology have led to the development of new and improved agricultural biologicals, which have higher efficacy and safety profiles compared to traditional chemical products.

⇨ Government support: Governments around the world are promoting the use of biologicals in agriculture through policies and programs, which is helping to drive the growth of the market.

⇨ Growing use of precision agriculture: Precision agriculture involves using technology to optimize crop yields and improve farm efficiency. Agricultural biologicals are playing an increasingly important role in precision agriculture, as they can help to improve plant health and soil fertility.

⇨ Growing focus on sustainable agriculture: There is a growing global focus on sustainable agriculture, which is promoting the use of agricultural biologicals as an alternative to synthetic pesticides and fertilizers.

⇨ Expansion in developing countries: The agricultural biologicals market is expected to grow rapidly in developing countries, such as India and China, driven by increasing demand for food and growing government support for sustainable agriculture.

✦ Agricultural Biologicals Market Challenge

⇨ Lack of awareness and understanding: There is still a lack of awareness and understanding among farmers about the benefits of using agricultural biologicals, which can limit their adoption.

⇨ High cost of biologicals: Agricultural biologicals are often more expensive than traditional chemical products, which can limit their adoption among farmers, particularly in developing countries.

⇨ Regulatory challenges: The regulatory environment for agricultural biologicals is still evolving, and there is a lack of clear and consistent regulations governing the use of these products. This can limit their commercialization and adoption.

⇨ Quality and consistency of biologicals: Ensuring the quality and consistency of agricultural biologicals is a challenge, as the performance of these products can be impacted by factors such as temperature, humidity, and soil type.

⇨ Competition from synthetic pesticides and fertilizers: Synthetic pesticides and fertilizers are still widely used in agriculture, and they have a well-established reputation and infrastructure in the market. This can make it difficult for agricultural biologicals to compete.

⇨ Limited research and development: The research and development of agricultural biologicals is still limited, which can limit the development of new and improved products.

✦ Agricultural Biologicals Market Opportunities

⇨ Growing demand for sustainable agriculture: The growing demand for sustainable agriculture is creating opportunities for the use of agricultural biologicals, as these products are considered to be more environmentally friendly than traditional chemical products.

⇨ Advances in biotechnology: Advances in biotechnology are creating opportunities for the development of new and improved agricultural biologicals, which have higher efficacy and safety profiles compared to traditional chemical products.

⇨ Expansion in developing countries: The agricultural biologicals market is expected to grow rapidly in developing countries, such as India and China, driven by increasing demand for food and growing government support for sustainable agriculture.

⇨ Growing use of precision agriculture: Precision agriculture is becoming increasingly important in modern agriculture, and agricultural biologicals are playing an increasingly important role in this field.

⇨ Government support: Governments around the world are promoting the use of biologicals in agriculture through policies and programs, which is creating opportunities for the growth of the market.

⇨ Increasing awareness and understanding: As awareness and understanding about the benefits of using agricultural biologicals increases, the market is expected to grow.

⇨ Growing demand for organic food: The growing demand for organic food products is driving demand for sustainable and environmentally friendly farming methods, including the use of agricultural biologicals.

Prominent Key players of the Agricultural Biologicals Market survey report:

Historical data available in the report elaborates on the development of the Agricultural Biologicals on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - Tradecorp, Bayer, Syngenta AG, UPL Limited, Marrone Bio Innovations, PI Industries, Gowan Group, Novozymes A/S, Lallemand, Inc., BASF.

✦ Recent Developments

On October 2023, Biimore had officially registered in the European Union as a 'non-microbial plant biostimulant' under the EU Fertilising Products Regulation 2019/1009 (FPR), and bear the CE mark.

On November 2022, NuCicer, an agri-food technology company pioneering ultra-high protein chickpeas by harnessing the rich biodiversity of wild chickpea relatives, announced the closure of an additional seed investment round. The funding, led by Leaps by Bayer, the impact investing arm of Bayer AG, alongside Lever VC, Blue Horizon, and Trellis Road followed an earlier investment round led by Lever VC

Agricultural Biologicals Market Segmentation:

Agricultural Biologicals Market By Type, 2023-2029, (USD Billion), (Kilotons).

» Biopesticides

» Biostimulants

» Biofertilizers

Agricultural Biologicals Market By Source, 2023-2029, (USD Billion), (Kilotons).

» Microbials

» Macrobials

» Semiochemicals

Natural Products

Agricultural Biologicals Market By Mode Of Application, 2023-2029, (USD Billion), (Kilotons).

» Foliar Spray

» Soil Treatment

» Seed Treatment

Agricultural Biologicals Market By Crop Type, 2023-2029, (USD Billion), (Kilotons).

» Fruits & Vegetables

» Cereals & Grains

» Oilseeds & Pulses

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the Agricultural Biologicals Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Agricultural Biologicals industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Agricultural Biologicals industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Agricultural Biologicals Market Research Report 2023-2029

1 Agricultural Biologicals Market Overview

1.1 Product Overview and Scope of Agricultural Biologicals

1.2 Agricultural Biologicals Segment by Type (Product Category)

1.3 Global Agricultural Biologicals market Segment by Application

1.4 Global Agricultural Biologicals Market by Region (2023-2029)

1.4.1 Global Agricultural Biologicals Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Agricultural Biologicals (2023-2029)

1.5.1 Global Agricultural Biologicals Revenue Status and Outlook (2023-2029)

1.5.2 Global Agricultural Biologicals Capacity, Production Status and Outlook (2023-2029)

…

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