Press release
Agricultural Biologicals Market Insights: Global Trends, Opportunities, and Growth Projections for 2024-2029
MarketsandMarkets™
The global agricultural biologicals market [https://www.prnewswire.com/news-releases/agricultural-biologicals-market-worth-31-8-billion-by-2029--exclusive-report-by-marketsandmarkets-302230265.html] is estimated at USD 16.7 billion in 2024 and is projected to reach USD 31.8 billion by 2029, at a CAGR of 13.8% from 2024 to 2029. The environment is becoming more and more concerned about the effect of conventional chemical-based agriculture; hence, there is a move toward sustainable farming practices. Agricultural biologicals include biopesticides, biofertilizers, and biostimulants, which are all eco-friendly alternatives. The overuse of chemical pesticides led to the development of resistance to these chemicals in many pests and pathogens. The biologicals in agriculture, in this context, provide alternative modes of action that can be used in integrated pest management programs to reduce the risk of resistance.
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Agricultural Biologicals Market Trends [https://www.reportsnreports.com/agriculture/agricultural-biologicals-market-analysis-growth-drivers-opportunities-and-leading-players/]:
The agricultural biologicals market is experiencing significant growth, driven by increasing demand for sustainable farming solutions and regulatory support for eco-friendly alternatives. Here are the key trends shaping the industry:
Rising Adoption of Biopesticides & Biofertilizers: Farmers are shifting from chemical-based inputs to biopesticides, biofertilizers, and biostimulants due to concerns over environmental impact and soil health. Microbial-based solutions are gaining traction as they improve plant resilience and nutrient uptake.
Growing Demand for Organic & Sustainable Farming: The organic food industry is expanding, pushing demand for chemical-free crop protection methods. Consumers are increasingly aware of the harmful effects of synthetic agrochemicals, boosting the market for agricultural biologicals.
Technological Advancements in Microbial Research: Innovations in biotechnology, genetic engineering, and microbial formulations are enhancing the effectiveness of agricultural biologicals. Companies are developing strain-specific biopesticides and customized biofertilizers to target specific crops and pests.
Stringent Environmental Regulations & Ban on Chemical Pesticides: Governments worldwide are implementing strict regulations on synthetic pesticides and promoting integrated pest management (IPM) practices. This is driving investment in biological crop protection solutions.
Increased Investments & Mergers in the Industry: Major agrochemical companies are acquiring biologicals start-ups to diversify their portfolios. Strategic partnerships and investments in R&D for biological innovations are increasing.
Rising Popularity of Biofungicides & Biostimulants: Biofungicides are gaining attention due to their effectiveness in controlling fungal diseases in crops. Biostimulants, such as seaweed extracts and amino acids, are helping improve plant growth, resistance, and yield.
Agricultural Biologicals Market Drivers [https://www.linkedin.com/pulse/agricultural-biologicals-market-size-share-growth-drivers-scott-whc2f/]: Rising trend for organically produced foods among consumers
A key driver for this market could be consumer demand for organically produced food. With increasing emphasis on health and well-being, people try to avoid artificial chemicals and GMOs in their intake of food; hence, the demand for organically produced products is on the rise. According to a 2022 report by the Research Institute of Organic Agriculture, FiBL, and IFOAM - Organics International, global sales of organic food are recorded at USD 120 billion, with maximum consumption attributed to Europe and North America. This has further motivated farmers to resort to agricultural biologicals like bio-pesticides and bio-fertilizers that play key roles in organic farming. The market will increase further as more consumers keep shifting to organics, thus demanding sustainable and biological solutions in agriculture.
Agricultural Biologicals Market Opportunities [https://www.marketsandmarketsblog.com/the-future-of-farming-how-agricultural-biologicals-are-shaping-the-industry.html]: advancements in microbial research undertaken by key players
The substantial progress made by microbiology research opens huge potential for the agricultural biologicals market. Key companies and institutions are investing heavily in the discovery and development of new, more effective microbe strains for plants and soil, as well as better control methods against pests and diseases. Innovations in biotechnology, genomics, and fermentation processes, on the other hand, make it possible to produce more powerful and effective biological products. For example, AI and big data analytics have been integrated into microbial research, fast-tracking the identification of key microbes and their process optimization for agriculture. This has continued to result in the development of next-generation biologicals with better efficacy, faster action, and broader application-thereby expanding the market.
In the crop type segment, fruits & vegetables are expected to grow at the highest CAGR during the forecast period.
Farmers are increasingly turning to Agri-biologicals to protect their crops, as even minor damage can lead to significant economic losses. Also, most fruits and vegetables have a much faster growth cycle; accordingly, protection from pests and diseases demands more frequent and precise measures, which are provided by Agri-biologicals. The perishability and quality requirements of fruits and vegetables also drive the adoption of biologicals that offer residue-free solutions and comply with strict safety and quality standards in both domestic and export markets. Moreover, the intensive cultivation practices involved in fruit and vegetable production create a higher demand for effective biological solutions in order to maintain yield and quality.
North America Region Holds the Largest Share of the Agricultural Biologicals Market.
The key market participants, coupled with the continuous launch of newer and more advanced biological products with applications in local agriculture, are driving this growth. Besides, the well-developed regulatory pathways in North America help in faster approval and adoption of new products. Large-scale commercial farming in the region focuses on higher yields with lesser resistance development in pests and diseases, raising demand for new-age agricultural biologicals. This, therefore, boosts the market through increased adoption of precision agriculture technologies in North America, hence the better application and resulting efficacy of biologicals.
Top 10 Companies in the Agricultural Biologicals Market [https://www.marketsandmarkets.com/ResearchInsight/agricultural-biological-market.asp]
* 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)
* Koppert (Netherlands)
* Gowan Company (US)
Recent Developments of Agricultural Biologicals Industry [https://www.marketsandmarkets.com/PressReleases/agricultural-biological.asp]
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.
Key Questions Addressed by the Agricultural Biologicals Market Report [https://www.marketsandmarkets.com/Market-Reports/agricultural-biological-market-100393324.html]
What are agricultural biologicals?
What are the key types of agricultural biologicals?
How do agricultural biologicals benefit farmers?
What is driving the growth of the agricultural biologicals market?
What are the challenges faced by the agricultural biologicals market?
Which regions are leading in the agricultural biologicals market?
Who are the key players in the agricultural biologicals market?
What is the future outlook for the agricultural biologicals market?
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