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Agriculture Biologicals Testing Market: 2024 Research and Analysis Report
Agriculture Biologicals Testing Global Market Report 2024
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According to The Business Research Company's, The agriculture biologicals testing market size has grown strongly in recent years. It will grow from $2.48 billion in 2023 to $2.67 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to rising population, rising adoption of agricultural biologicals, increasing awareness of food safety, rising consumption of natural foods, and rising adoption of integrated pest management.
The agriculture biologicals testing market size is expected to see strong growth in the next few years. It will grow to $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increasing consumption of organic food, growing demand for eco-friendly alternatives, increasing demand for high-quality food products, rising use of synthetic chemicals, and growing focus on sustainable soil health management. Major trends in the forecast period include technological advancements, integration of digital technologies, product innovations, enhancing test capabilities, and development of genetic engineering techniques.
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Market Drivers and Trends:
The increasing popularity of organic farming is expected to propel the growth of the agriculture biological testing market going forward. Organic farming is a holistic agricultural approach that uses natural inputs and practices to grow crops and raise livestock. The popularity of organic farming stems from a combination of health, environmental, ethical, and economic factors, reflecting broader societal trends toward sustainable and health-conscious lifestyles. Agricultural biologicals play a significant role in supporting organic farming by providing natural and sustainable solutions to challenges such as pest control, soil fertility, and crop productivity. For instance, in May 2023, according to the Department Of Environment Food & Rural Affairs, a UK-based government agency, the overall area under organic farming in the UK in 2022 was 509 thousand hectares (i.e., the fully converted area plus the area under conversion), up 0.4% increased from 2021. Therefore, the increasing popularity of organic farming is driving the agriculture biological testing market.
Major companies operating in the agriculture biological testing market are focused on developing innovative products such as insecticide/bio fungicide premix to enhance testing processes' accuracy, efficiency, and scalability, ensuring the effective and safe use of biological products in agriculture. An insecticide/bio fungicide premix product combines insecticide and bio fungicide into a single formulation to provide broad-spectrum control of insects and diseases in crops that often contain synthetic and biologically active ingredients and offer multiple modes of action for effective pest management. For instance, in November 2023, FMC Corporation, a US-based agricultural sciences company, launched a new insecticide/bio fungicide premix product called Xyway LFR, which combines the active ingredients flutriafol and bifenthrin to protect against early-season insects and diseases in corn. The product features a unique liquid fertilizer-ready (LFR) formulation that allows for easy mixing with liquid fertilizers and can be applied in-furrow or as a 2x2 band at planting, providing growers with a convenient and effective solution for managing pests and diseases in their corn crops.
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Major Key Players of the Market:
Syngenta AG, BASF SE, Bayer AG, Corteva Agriscience, SGS SA, Eurofins Scientific SE, UPL Limited, Bureau Veritas, FMC Corporation, Intertek Group, ALS Limited, Valagro, Syntech Research, Certis U.S.A. LLC, Staphyt SA, RJ Hill Laboratories Ltd., Valent BioSciences Corporation, Sustane natural fertilizer inc, i2LResearch, Andermatt Group AG, Biotecnologie B.T. Srl,
Agriculture Biologicals Testing Market 2024 Key Insights:
• The agriculture biologicals testing market size is expected to see strong growth in the next few years. It will grow to $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
• Growing Organic Food Demand Fuels Agriculture Biologicals Testing Market
• Advancements In Agriculture Biological Testing And Dual-Action Pest Management Solutions
• North America was the largest region in the agriculture biologicals testing market in 2023
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