Pune, India, July 29, 2022 (GLOBE NEWSWIRE) -- The global agricultural biologicals market size is expected to witness prominent growth in the coming year on account of the increasing need to feed the growing population with better quality agrarian production. The rising incidences of pest outbreaks destroy fields at a stretch in no time. Many farmers face huge losses every year. Pesticides and chemicals used in crops are harmful to humans when consumed, and this led to the adoption of biologicals. The Fortune Business Insights published its report titled, “Agricultural Biologicals Market Size, Share and Industry Analysis, and Regional Forecast 2019-2026,” states the market size was USD 7.42 billion in 2018 and is likely to rise at a CAGR of 13.68% to reach USD 20.59 billion by the end of 2026. The forecast duration is set between 2019 to 2026.
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Fortune Business Insights™ lists out the names of players functioning in the market. They are as follows:
- Novozymes A/S
- Valagro S.p.A
- Isagro S.p.A
- Koppert Biological Systems
- Valent Biosciences
- Marrone Bio Innovations
- UPL
- Bayer CropScience
- Syngenta AG
- BASF SE
- Other vendors
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2019-2026 |
| Forecast CAGR | 13.68% |
| 2026 Value Projection | USD 20.59 Billion |
| Base Year | 2018 |
| Agricultural Biologicals Market Size in 2018 | USD 7.42 Billion |
| Historical Data | 2015-2017 |
| No. of Pages | 175 |
| Segments Covered | By Type, By Formulation , By Application |
| Agricultural Biologicals Market Growth Drivers | Rising Incidences of Pest Outbreaks to Boost Market |
| Launch of an innovative and high-quality product is a key strategy for growth in the market |
The Report Answers the Following Queries:
- What is the nature of the market?
- How will stringent regulations on chemical and synthetic fertilizers drive the market for agricultural biologics?
- What are the key drivers and restraints of the market?
- What the significant industry developments, and current trends of the market?
Browse Summary of this Research Report:
https://www.fortunebusinessinsights.com/industry-reports/agricultural-biologicals-market-100411
Drivers & Restraints-
Rising Incidences of Pest Outbreaks to Boost Market
Most of the chemicals used in crops exploit and pose a threat to the environment. The rise in awareness about the harmful effects of chemicals on vegetables is a significant factor in promoting the agricultural biologicals market growth. Besides this, the increasing demand for supreme quality yielded farm production and the need for protecting them from pests will aid in the expansion of the market. Additionally, the growing awareness about crop protection and crop nutrition products among farmers and agricultural enthusiasts will also augment growth.
On the contrary, crops yielded out of this procedure have a lower shelf life as compared to crops produced out of chemical and synthetic fertilizers, and this may challenge the market. Nevertheless, strict regulations imposed by various regulatory bodies on the use of synthetic or artificial biologicals are likely to create lucrative growth opportunities for the market in the coming years.
Segment-
Biopesticides Segment to Cover Major Shares on Account of Increasing Inclination Towards Developing Pest Resistance Products
Based on segmentation by type, the biopesticides segment earned 51.8% agricultural biologicals market share. This is attributed to the increasing preference towards pest-resistant products for their crops. This, coupled with the growing demand for organic farming, is promoting the sale of this segment and further expected to continue doing so in the coming years.
Regional Analysis-
North America and Europe to Dominate Market Due to Stringent Regulations Imposed on Synthetic Chemicals
Based on geographical segmentation, both Europe and North America are holding an estimated 60% or more share of the market. This is attributed to the advent of advanced agricultural technologies to develop products, coupled with the strict laws imposed on the use of synthetic chemicals for protecting crops. Additionally, the increasing number of organic farms in significant economies such as Mexico and the U.S. is likely to help these regions continue dominating the market in the forecast years as well. In 2018, North America earned a revenue of USD 2.40 billion.
Competitive Landscape-
Players Engaging in Geographical Expansion for Gaining Competitive Edge
Companies operating in the market for agricultural biologicals are investing heavily on product development and uses in various sectors such as horticulture, agriculture, and forestry, to gain significant shares. Besides this, players are also waiting to get approvals from regulatory bodies and pest management services for their products, thereby helping them to maintain their strategic position in the market. Furthermore, players are emphasizing on geographical expansion, offering a diverse portfolio.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview on Agrochemicals Use Trend
- Supply Chain and Regulatory Analysis
- Recent Industry Developments - Mergers & Acquisitions, New Product Launches, and Collaborations and Partnerships
- Global Agricultural Biologicals Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Biopesticides
- Biostimulants
- Biofertilizers
- Market Analysis, Insights and Forecast – By Source
- Microbial
- Biochemicals
- Market Analysis, Insights and Forecast – By Application Method
- Foliar Spray
- Soil Treatment
- Seed Treatment
- Others
- Market Analysis, Insights and Forecast – By Crop
- Row Crops
- Fruits & Vegetables
- Others
- Market Analysis, Insights and Forecast – By Geography
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- North America Agricultural Biologicals Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Biopesticides
- Biostimulants
- Biofertilizers
- Market Analysis, Insights and Forecast – By Source
- Microbial
- Biochemicals
- Market Analysis, Insights and Forecast – By Application Method
- Foliar Spray
- Soil Treatment
- Seed Treatment
- Others
- Market Analysis, Insights and Forecast – By Crop
- Row Crops
- Fruits & Vegetables
- Others
- Market Analysis, Insights and Forecast – By Country
- U.S.
- Canada
- Mexico
TOC Continued…!
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