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Global Agricultural Biologicals Market Size, Share, Development, Growth and Demand Forecast to 2023 By P&S Market Research
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The natural products used in agricultural biologicals complement or replace traditional fertilizers and chemicals that would help in reducing the environmental impact of synthetic pesticides. Moreover, the agricultural biologicals provide natural solutions such as microbes, plant extracts, beneficial insects and other organic material that allows farmers to improvise on crop health and productivity.
Microbes are a type of agricultural biologicals derived from microorganisms such as bacteria and fungi. These microbes protect the crops from pests and diseases and also enhance the productivity and fertility of plants. Microbes are categorized into biocontrol, biofertility, and bioyield enhancers. Biocontrols are fungi, bacteria and other microorganisms that protect plants from insects, disease and weeds. Biofertility microbes improve the plant’s ability to access phosphate and nitrogen directly from soil. Bioyield enhancers are derived from plants and microorganisms that enhance the nutritional capabilities of a plant thereby, helping in efficient plant growth.
Agricultural biologicals, being eco-friendly and chemical-free, are the preferred choice for boosting soil fertility by nitrogen fixation, enhancing crop yield and dissolving the insoluble soil phosphates. This is due to the growing population that has significantly affected the ecological base of agriculture. Moreover, agricultural biologicals are used as a part of Integrated Pest Management (IPM) to produce innovative synthetic crop chemistries thereby, assisting the farmers in reducing plant stress and increasing overall yield and productivity.
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The global market for agricultural biologicals is expected to rise during the forecast period (2017-2023) on account of increasing shift in consumer preferences from chemical/synthetic-based farming to organic farming techniques. Additionally, an increase in demand for crop protection against weeds, insects and pests is likely to spur the growth of global agricultural biologicals market during the forecast period. The rising global demand for food, high yield and improved nutrition content in plants is estimated to further propel the agricultural biologicals market during the forecast period. By type, bio pesticides is expected to witness fastest-growth in the global agricultural biologicals market during the forecast period.
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