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The Agricultural Biologicals Market Size Worth over USD 40 Billion in 2035 | Roots Analysis

10-27-2023 03:05 PM CET | Health & Medicine

Press release from: Roots Analysis

Global Agricultural Biologicals Market Overview

The agricultural biologicals market is a rapidly growing and dynamic industry that is poised to grow at a CAGR of 9.98% in the forecast period 2023-2035. The growth in the agricultural biologicals market size over the next decade is likely to be the result of a rise in the demand for organic food coupled with the growing focus on sustainable agriculture. Agricultural biologics include a vast array of biopesticides, biofertilizers and biostimulants derived from natural sources. These products primarily enhance soil fertility, and improve plant growth, mitigating reliance on chemical pesticides and fertilizers. These biologic crop solutions have emerged as a promising alternative over conventional chemical pesticides and fertilizers owing to their multiple benefits for sustainable farming, including shorter product development timelines, higher biological efficiency, and versatile application methods.

You Can Download Free Sample PDF Copy Of This Report At: https://www.rootsanalysis.com/reports/agricultural-biologicals-market/request-sample.html

Key Report Takeaways

 Presently, over 200 companies claim to offer agricultural biologicals for sustainable farming; close to 105 such players have entered this domain post - 2000
 40% of the agricultural biological providers offer all three kinds of products for various types of crops; over 85% of such players provide these products as foliar sprays
 In pursuit of building a competitive edge in this field, stakeholders are actively upgrading their existing capabilities and adding new competencies in order to enhance their respective product portfolios
 The growing interest in this domain is evident from the rise in partnership activity; in fact, 43 partnership deals related to agricultural biologicals were inked in 2022
 Since 2019, more than 1,300 patents have been filed / granted by various stakeholders in order to protect the intellectual property generated within this domain
 Considering that the market for agricultural biologicals is relatively mature, featuring the presence of over 3,000 products, the threat of substitute products is relevantly high
 As a result of the growing demand for organic food products, the agricultural biologicals market is likely to grow at a CAGR of ~10% over the next 12 years
 The agricultural biologicals market is expected to be well distributed across different type of products, source of products, modes of application, type of crops treated and key geographical regions

Competitive Landscape of Agricultural Biologicals Market

The agricultural biologicals companies landscape features over 200 companies offering a range of biologic crop solutions, including biostimulants, biopesticides and biofertilizers. Overall, the market landscape of agricultural biologics is well-fragmented, featuring the presence of very small, small, mid-sized, large, and very large companies, which claim to have the required expertise to offer novel biologic crop solutions for different types of crops worldwide. It is interesting to highlight that most of these (~40%) agricultural biologics manufacturers are located in Asia Pacific, followed by Europe; prominent manufacturing hubs in Asia Pacific include India and China. In addition to this, more than 35% of agricultural biologicals companies offer all three types of products, namely biostimulants, biopesticides and biofertilizers. Additionally, key players, including Syngenta Ag, Bayer Ag, BASF SE, and Marrone Bio Innovations, offer a portfolio of leading microbial biopesticides providing biological crop protection to a variety of crops.

Agricultural Biologicals Market Regional Outlook:

Based on the key geographical regions, the agricultural biologicals market can be segmented into five major regions, North America, Europe, Asia Pacific, Latin America and Middle East & North Africa. Led by the US, North America is anticipated to capture the majority share of the agricultural biologicals market in 2023 and this trend is likely to remain unchanged in the forecasted timeframe. Key industry players such as Bayer Cropscience, Syngenta, and BASF SE are pivotal in shaping the market dynamics in this region. Additionally, the implementation of the Farm to Fork strategy in Europe is likely to be the reason to increase the utilization of biological crop protection solutions in the region.

Asia Pacific is likely to exhibit lucrative opportunities owing to its massive population base and rising demand for organically grown food products. The emergence of several agricultural biologicals manufacturers in the area of is one factor, promising growth not only in the emerging economies of Asia Pacific, but also in Latin America and the Middle East and Africa.

Agricultural Biologicals Market Key Players:
Examples of key companies engaged in agricultural biologicals market (which have also been profiled in this market report; the complete list of companies is available in the full report) include:
 AMVAC
 Andermatt
 BASF SE
 Bayer AG
 Certis Biologicals
 Corteva Agriscience
 Chr. Hansen
 FBSciences
 Koppert Biological Systems
 Lallemand
 Marrone Bio Innovations
 Novozymes
 Stoller
 Syngenta AG
 UPL
 Vegalab
 Valent Biosciences
 Verdisian Life Sciences

It is interesting to note that in May 2023, Novozymes entered into an agreement with Azelis to distribute the former's biologic crop solutions in Malaysia. Such types of agreements are expected to drive the demand for agricultural biologicals across the globe, resulting in substantial market growth during the forecast period.

To get market data, market insights, financial statements and a comprehensive analysis of the Agricultural Biologicals Market, please contact sales@rootsanalysis.com

Agricultural Biologicals Market Segments:
Based on the research, Roots Analysis has segmented the Agricultural Biologicals Market into Type of Product, Source of Product, Mode of Application, Type of Crop Treated and Geography.

 Agricultural Biologicals Market, by Type of Product
 Biopesticides / Biocontrols
 Biofertilizers
 Biostimulants

 Agricultural Biologicals Market, by Source of Product
 Microbes
 Plant Extracts
 Other Sources

 Agricultural Biologicals Market, by Mode of Application
 Foliar Sprays
 Seed Treatments
 Soil Treatments
 Other Application Methods

 Agricultural Biologicals Market, by Type of Crop Treated
 Cereals and Pulses
 Fruits and Nuts
 Oilseeds
 Green Fodder, Vegetables and Tubers
 Industrial Crops, Textile Crops and Others

 Agricultural Biologicals Market, by Key Geographical Regions
 North America
 Europe
 Asia Pacific
 Latin America
 Middle East and North Africa

Browse Full Report Description + Research Methodology + Table of Content + Infographics here: https://www.rootsanalysis.com/reports/agricultural-biologicals-market.html

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Contact US
Gaurav Chaudhary
+1 (415) 800 3415
+44 (122) 391 1091
Email: Gaurav.chaudhary@rootsanalysis.com or sales@rootsanalysis.com
Web: https://www.rootsanalysis.com

Roots Analysis
A 430, Bestech Business Towers,, Sector 66, Sahibzada Ajit Singh Nagar, Punjab 160066

About Roots Analysis

Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights. All reports provided by us are structured in a way that enables the reader to develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we provide bespoke research / consulting services dedicated to serve our clients in the best possible way.

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