Future of Agricultural Biologics Market: Size, Share & Forecasts to 2029

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What Is the Projected Market Size Valuation of the Agricultural Biologics Market by 2025?
Over the past few years, the size of the agricultural biologics market has seen a significant increase. It is projected to expand from a value of $14.32 billion in 2024 to a whopping $16.45 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 14.9%. Factors contributing to this surge in historical progression include the growth of organic farming, increased awareness of the harmful effects of chemical pesticides and fertilizers on the environment, a rising global population, and the significant growth in emerging economies.

What Is the Estimated Market Growth Value for the Agricultural Biologics Industry in 2029?
In the coming years, the market size for agricultural biologics is predicted to undergo swift expansion. By 2029, the market is projected to reach $29.3 billion, with a Compound Annual Growth Rate (CAGR) of 15.5%. Several factors are contributing to this forecasted growth including elevated food demand, positive governmental regulations, the need for improved crop yields, precision agriculture's adoption, and surges in disposable income. The forecast period will also witness several significant trends such as personalized microbial solutions, biological seed treatments, biodegradable biologic formulations, and the deployment of blockchain technology.

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What Are the Growth Drivers and Opportunities in the Agricultural Biologics Market?
The upsurge in pest outbreaks has served to boost growth in the agricultural biologics market. Pest outbreaks are understood as a sudden, significant increase in pest populations which can pose economic threats to both crops and humans. Such outbreaks can lead to losses of 10-40% in key food crops, including corn, wheat, and rice, presenting real costs to the global economy. Pests can harm crops, drastically reduce farmers' productivity, and ruin farmland. For example, Springer Nature Limited, a Germany-based publishing services provider, reported in May 2023 that the annual loss in crop yield due to pathogens and pests is estimated at US$220 billion. This has direct repercussions on food security, regional economies, and other related socio-economic factors. Therefore, the rise in pest outbreaks is fueling the growth of the agricultural biologics market.

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What Are the Primary Segments Covered in the Global Agricultural Biologics Market Report?
The agricultural biologics market covered in this report is segmented -

1) By Type: Biopesticides, Biofertilizers, Biostimulants
2) By Source: Microbials, Macrobials, Biochemicals, Other Sources
3) By Mode of Application: Foliar Spray, Soil Treatment, Seed Treatment, Post-Harvest
4) By Application: Cereals And Grains, Oilseed And Pulses, Fruits And Vegetables, Turf And Ornamentals, Other Applications

Subsegments:
1) By Biopesticides: Microbial Biopesticides, Plant-Incorporated Protectants (PIPs), Biochemical Pesticides
2) By Biofertilizers: Nitrogen-Fixing Biofertilizers, Phosphate-Solubilizing Biofertilizers, Mycorrhizal Fungi
3) By Biostimulants: Humic Substances, Seaweed Extracts, Amino Acids, Microbial Biostimulants, Other Natural Products

What Are the Top Growth Trends in the Agricultural Biologics Market?
Leading firms in the agricultural biologics industry are spearheading the introduction of innovative measures to encourage eco-friendly practices. For example, Bionema UK, a reputable UK-based biotech firm, unveiled its Soil-Jet BSP100 in January 2024. This product is an eco-friendly surfactant aimed at improving the efficiency of biological and chemical products in the agricultural sector. Soil-Jet BSP100 has the notable advantage of minimizing soil water aversion, which promotes faster water absorption and helps maintain regular moisture levels in the soil. Furthermore, this surfactant can be conveniently used with standard spraying devices and incorporated with nutrients and helpful microorganisms to further sustainable farming methods.

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Which Companies Are Shaping the Future of the Agricultural Biologics Market?
Major companies operating in the agricultural biologics market include Syngenta AG, Dow Chemical Company, Bayer AG, BASF SE, Isagro SPA, Corteva Inc., Marrone Bio Innovations Inc., Certis Group, Valent BioSciences Corp., BioWorks Inc., Andermatt Biocontrol AG, Koppert Biological Corp., Biowin AG, Verdesian Life Sciences LLC, Vestaron Corporation, Novozymes Biologicals AS, Gowan Company, AgBiome Inc., Sipcam Agro USA, Inocucor Technologies Inc., Biobest Group NV, NewLeaf Symbiotics Inc., Indigo Agriculture, Azotic Technologies, Lallemand Plant Care, Terramera Inc., FMC Corporation, Isagro Asia Pvt. Ltd., BioConsortia Inc., Valent USA LLC

Which Region Holds the Largest Market Share in the Agricultural Biologics Industry?
North America was the largest region in the agricultural biologics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the agricultural biologics market. The regions covered in the agricultural biologics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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