Press release
Agricultural Biologicals Market Growth, Emerging Trends, Size, Share, Business Opportunities, Industry Analysis, Key Segments, Leading Players, and Forecast - 2029
MarketsandMarkets™
The [https://www.prnewswire.com/news-releases/agricultural-biologicals-market-worth-31-8-billion-by-2029--exclusive-report-by-marketsandmarkets-302230265.html] is expected to grow from USD 16.7 billion in 2024 to USD 31.8 billion by 2029, with a compound annual growth rate (CAGR) of 13.8% during this period. The growing demand for agricultural biologicals is largely fueled by the increasing challenges faced in conventional farming, such as diseases, pests, and soil degradation. Moreover, global regulations and government initiatives are encouraging a shift towards more sustainable agricultural practices instead of relying on chemical inputs. In India, programs like the Pradhan Mantri Krishi Sinchai Yojana (PMKSY) and the National Mission on Sustainable Agriculture (NMSA) are spearheading these efforts. The NMSA emphasizes the use of non-toxic biofertilizers and biopesticides to improve soil health and crop productivity. Meanwhile, PMKSY, which primarily aims to enhance irrigation, also incorporates sustainable technologies, including agricultural biologicals, to improve soil fertility and resilience, supporting the overall goals of sustainable agriculture.
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[https://www.marketsandmarkets.com/ResearchInsight/size-and-share-of-agricultural-biologicals-market.asp?utm_source=linkedin.com&utm_medium=social&utm_campaign=agricultural-biologicals-market_020924_pulse_supriya]:
The Agricultural Biologicals Market is influenced by several key drivers:
Sustainable Farming Practices: Growing demand for environmentally friendly farming practices is pushing the adoption of agricultural biologicals. These products, such as biopesticides and biofertilizers, offer a more sustainable alternative to chemical inputs.
Regulatory Support: Increasing regulations and restrictions on chemical pesticides and fertilizers are encouraging farmers to seek out biological alternatives. Governments and regulatory bodies are providing support and incentives for the use of biological products.
Consumer Demand: Rising consumer preference for organic and non-GMO products is driving the market for agricultural biologicals. Consumers are increasingly aware of the benefits of using products that are less harmful to the environment and human health.
Advancements in Technology: Innovations in biotechnology and microbiology are leading to the development of more effective and targeted biological products. Research and development in this field are enhancing the efficacy and application of agricultural biologicals.
Climate Change: Changing climate conditions are impacting crop yields and pest patterns, creating a need for new solutions to manage these challenges. Agricultural biologicals can offer adaptive solutions for pest and disease management in varying climates.
Soil Health and Fertility: There's a growing recognition of the importance of maintaining soil health and fertility. Biological products, such as mycorrhizal fungi and plant growth-promoting rhizobacteria (PGPR), are increasingly used to enhance soil quality and nutrient availability.
Economic Benefits: Biological products can often be cost-effective in the long term by reducing the need for chemical inputs and improving crop yields. This economic advantage is a significant driver for adoption among farmers.
Integration with Conventional Practices: The ability to integrate biological products with conventional agricultural practices allows farmers to benefit from both approaches. This integration helps in managing pests and diseases while optimizing crop production.
[https://www.marketsandmarkets.com/ResearchInsight/emerging-trends-in-agricultural-biologicals-market.asp?utm_source=linkedin.com&utm_medium=social&utm_campaign=agricultural-biologicals-market_020924_pulse_supriya]: advancements in microbial research undertaken by key players
Advancements in microbiology research are opening new opportunities in the agricultural biologicals market. Leading companies and institutions are making significant investments in discovering and developing more effective microbial strains for plants and soil, while also enhancing pest and disease control methods. Innovations in biotechnology, genomics, and fermentation are boosting the production of more potent biological products. For example, the use of AI and big data analytics in microbial research is speeding up the identification and optimization of key agricultural microbes. These breakthroughs are driving the creation of next-generation biologicals with improved effectiveness, quicker action, and wider applications, expanding the market.
Fruits and vegetables are projected to experience the highest CAGR in the crop type segment throughout the forecast period.
Farmers are turning to agri-biologicals more than ever to protect their crops, as even small damage can result in significant financial losses. Fruits and vegetables, due to their fast growth cycles, demand more frequent and accurate protection from pests and diseases, which agri-biologicals effectively deliver. Their high perishability and strict quality standards, especially for export markets, are key factors driving the use of biological products that leave no harmful residues while ensuring safety and quality. Furthermore, the intensive cultivation methods used in fruit and vegetable farming increase the need for reliable biological solutions to maintain both yield and quality.
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The agricultural biologicals market in the North American region is expected to grow at the highest CAGR during the forecast period.
The growth of this market is being driven by key industry players and the frequent introduction of innovative biological products tailored for local agricultural applications. Additionally, North America's well-established regulatory frameworks facilitate quicker approval and adoption of these new products. The emphasis on large-scale commercial farming in the region, which prioritizes higher yields with minimal resistance to pests and diseases, further fuels the demand for advanced agricultural biologicals. Consequently, this trend is enhancing the market, supported by the increased use of precision agriculture technologies that improve the application and effectiveness of biologicals in North America.
[https://www.marketsandmarkets.com/ResearchInsight/agricultural-biological-market.asp?utm_source=linkedin.com&utm_medium=social&utm_campaign=agricultural-biologicals-market_020924_pulse_supriya]:
The key players in the agricultural biologicals market include BASF SE (Germany), Syngenta Group (Switzerland), Bayer AG (Germany), FMC Corporation (US), Corteva (US), UPL (India), Nufarm (Australia), Novozymes A/S (Denmark), Lallemand Inc (Canada), Mosaic (US), Rovensa Next (Spain), Sumitomo Chemical Co., Ltd (Japan), SEIPASA, S.A. (Spain), Koppert (Netherlands), and Gowan Company (US). These market participants are emphasizing the expansion of their footprint via agreements and partnerships. They maintain a robust presence in North America, Asia Pacific, South America, RoW, and Europe, and they are supported by manufacturing facilities and well-established distribution networks spanning these regions.
[https://www.barchart.com/story/news/28220222/agricultural-biologicals-market-growth-analysis-opportunities-leading-manufacturers-share-key-segmentation-regional-analysis-and-forecast-to-2029] News:
In May 2024, Bioceres Crop Solutions Corp. announced that the Ministry of Agriculture and Livestock from Brazil, MAPA-Ministerio de Agricultura e Pecuaria, had approved three new bio-insecticidal and bio-nematocidal solutions derived from inactivated cells of the company's proprietary Burkholderia platform.
In January 2024, Certis Biologicals introduced Convergence Biofungicide, a new, powerful crop protection solution for corn, soybeans, and peanuts. This innovation from Certis Biologicals brings to row crop farmers the best combination of top disease control and more plant health in one convenient, lower-priced package.
In December 2023, Biobest Group NV introduced a new plant defense elicitor, FytoSol, designed to offer preventative protection against tomato leaf mold caused by Cladosporium (Passalora fulva) in Morocco.
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