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Agriculture Biologicals Market to Gear Up by 9.27% During 2022-2028, Biopesticide Segment to Dominate the Market Growth - Arizton
Agricultural Biologicals Market Research Report by Arizton
The global agricultural biologicals market to reach USD 16.16 billion by 2028, growing at a CAGR of 9.27% during 2022-2028. The report considers the present scenario of the agricultural biologicals market and its market dynamics for 2023-2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the industry. It also profiles and analyzes leading companies and several other prominent companies operating in the market.
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Agricultural biologicals, sourced from natural materials, play a crucial role in protecting and enhancing crop production. By providing defense against pests, these products have gained significance in modern farming techniques, promoting sustainable agricultural practices worldwide. Notably, the United States stands out as a major global agricultural biological market consumer. This is largely attributed to the rising demand for ecologically sound crop-safeguarding methods. Regulatory bodies in the US have been actively approving products and adapting regulations to facilitate broader market integration.
Furthermore, the momentum in the agricultural biological market in the U.S. is being bolstered by various factors, such as the uptick in mergers, acquisitions, research collaborations, and the introduction of novel products. These initiatives are poised to fuel substantial growth in the agricultural biological sector within the country.
Segmentation Analysis
In 2022, the biopesticide segment dominated the market with a market share of over 54%. This significant market share can be attributed to the cumulative consumption of biopesticides in soil, foliage, and turfs, particularly in North American and European countries. Significant products in this category include insect sex pheromones and scented plants, which attract pests for trapping purposes. Conversely, microbial pesticides contain active ingredients that control various problems. One widely used microbial pesticide is Bacillus thuringiensis, producing a protein mix to eliminate pests.
Bio-fertilizers are anticipated to gain importance primarily in North American countries, Asia Pacific, and Europe. Two main types of bio-fertilizers products exist phosphate solubilizing and nitrogen-fixing. Nitrogen-fixing bacteria are commonly employed as bio-fertilizers because plants cannot convert atmospheric nitrogen into fixed nitrogen, which is imperative for their growth and development.
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The Agricultural Biologicals Market in APAC to Reach $3,109.13 Million by 2028
The APAC has witnessed a notable shift toward sustainable agriculture practices, driven by environmental concerns and the need for long-term food security. Furthermore, the global demand for organic food products is on the rise, contributing to the APAC agriculture biologicals market growth. Regarding market share, China holds the largest share, followed by India, indicating their significant contributions to the region's agricultural sector. According to a recent analysis, China has 3.0 million hectares of organically managed land, with increasing production volumes and considerable growth in organic consumption recently. The region has high growth potential and a high turnover rate. Customers have become more concerned about food quality and safety, and the fast-growing middle class has more purchasing power, allowing them to afford more expensive organic items.
The demand for biological solutions in Asia-Pacific is primarily driven by export markets, particularly the European Union, which has implemented stringent regulations on conventional pesticides. In addition, a growing consumer and customer demand for sustainably grown food further fuels the need for alternative agricultural solutions. This increasing awareness and demand has led more growers to show interest in adopting biological solutions. Among the most promising segments benefiting from these solutions are high-value fruits and vegetables, such as berries and grapes, consumed fresh and crops cultivated in greenhouses.
Key Company Profiles
Novozymes
Bayer AG
BASF SE
1,4Group, Inc.
3Bar Biologics
Acadian Plant Health
Adjuvants Plus Inc
Agrinos
Corteva AgriScience
UPL Limited
Syngenta International AG
Atlantica Agricola
Neudorff
FMA Corporation
Certis USA LLC
Bioworks Inc
Kiwa Bio-Tech Products Group Corporation
IPL Biologicals
Andermatt Biocontrol AG
Valent Biosciences
Market Segmentation
Product: Biopesticides (Biochemicals and Microbial Pesticides), Bio Stimulants (Acid-Base, Seaweed Extract, Microbial Stimulants, and Others Bio Stimulants), Bio-Fertilizers (Nitrogen Fixation, Phosphate Solubilizing, and Other Bio-Fertilizers), and Others
Application: Foliar Spray, Seed Treatment, Soil Treatment, and Post-Harvest
Crop Types: Cereals & Grains, Oilseed & Pulses, Fruits & Vegetables, and Others
Geography: North America, Europe, APAC, Latin America, and Middle East & Africa
Key Questions Answered in the Report
How big is the agricultural biologicals market?
What is the growth rate of the global agricultural biologicals market?
What are the growing trends in the agricultural biologicals industry?
Which region holds the most significant global agricultural biologicals market share?
Who are the key players in the global agricultural biologicals market?
Check the detailed table of contents of the report @ https://www.arizton.com/market-reports/agricultural-biologicals-market?details=tableOfContents
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We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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