Agricultural Biologicals Market is expected to grow at a CAGR of 13.1% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Agricultural Biologicals Market size was valued at USD 15.1 billion in 2023 growing at a CAGR of 13.1% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Agricultural Biologicals Market size accounted for USD 15.1 Billion in 2023, growing at a CAGR of 13.1% from 2023 to 2033. Agricultural biologicals refer to products derived from natural materials, microorganisms, or other biological sources that are used to enhance crop productivity, protect plants from pests and diseases, and improve soil fertility. These products are an integral part of sustainable agriculture as they often provide environmentally friendly alternatives to traditional chemical-based agricultural practices.

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With increasing awareness of environmental issues and the need for sustainable farming practices, there is a rising demand for agricultural biologicals that offer effective solutions with reduced environmental impact. Many governments are promoting the use of biological products in agriculture by providing regulatory support and incentives. This support encourages farmers to adopt sustainable and eco-friendly farming practices. Consumer preferences are shifting towards organic and naturally produced food products. As a result, farmers are inclined to use agricultural biologicals to meet the demand for organic produce and comply with organic farming standards.

Key Players
Some of the major Agricultural Biologicals Market players holding high market shares include Agri Life, Agrinos Inc., and Arysta LifeScience Corporation (UPL Limited). These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include BASF SE, Bayer AG, Isagro (PI Industries), Marrone Bio Innovations Inc., Novozymes A/S, Syngenta AG, The Dow Chemical Company, and Valagro.

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Segmental Analysis
Based on the source, the Agricultural Biologicals market is segmented into Microbials, Macrobials, Biochemicals, and Others. Microbials are the largest segment of the Agricultural Biologicals market. This is due to the increasing demand for sustainable and environmentally friendly pest and disease control solutions. Microbials are naturally occurring microorganisms that can be used to control pests, diseases, and weeds. They are considered to be more environmentally friendly than synthetic pesticides because they are non-toxic to humans and animals and do not leave harmful residues in the environment.
Based on Application, the Agricultural Biologicals market is a Foliar Spray, Soil Treatment, Seed Treatment, and Post-harvest. Foliar spray is the largest segment of the Agricultural Biologicals market. This is because foliar spray is a versatile and effective way to apply agricultural biologicals. Foliar spray can be used to control pests, diseases, and weeds, and it can also be used to deliver nutrients to plants.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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