Agricultural Biologicals Market to Exceed USD 40 billion by 2035, Registering at a CAGR 9.98% by 2035, Due to The Growing Demand for Organic Crop Production | Roots Analysis
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Agricultural biologicals consist of a diverse range of products, such as biopesticides, biofertilizers, and biostimulants. These products are derived from naturally occurring sources like microorganisms, plant extracts, beneficial insects, or other organic matter, with the aim of enhancing soil fertility, promoting biological activity, and fostering plant growth. Unlike chemical pesticides and fertilizers, agricultural biologicals are environmentally friendly, leaving no harmful residues in the ecosystem. They also help mitigate the risks associated with the health of farmers and consumers.
Over the years, harmful agricultural practices and the excessive use of chemical pesticides and fertilizers have depleted beneficial microorganisms in the soil, resulting in poor soil quality and compromised crop health. The application of agricultural biologics, including biopesticides, biofertilizers, and biostimulants, is a strategic approach to reducing dependence on conventional chemical inputs. Additionally, these biologics play a crucial role in establishing the foundation for sustainable agriculture and organic farming systems, contributing to the production of organic food. The adoption of agricultural biologicals not only addresses environmental concerns but also promotes a healthier and more sustainable approach to agricultural practices.
Agricultural Biologicals Market Segments
Based on the type of product, the market is segmented into Biopesticides / Biocontrols, Biofertilizers and Biostimulants
Based on the source of product, the market is segmented into Microbes, Plant Extracts and Other Sources of Products
Based on the mode of application, the market is segmented into Foliar Sprays, Seed treatments, Soil Treatments and Other Modes of Application.
Based on the type of crop treated, the market is segmented into Cereals and Pulses, Fruits and Nuts, Oilseeds, Green Fodder, Vegetables and Tubers and Industrial Crops, Textile Crops and Others
Agricultural Biologicals Market Regional Outlook
Based on the key geographical regions, the agricultural biologicals market can be segmented into five major regions, including North America, Europe, Asia Pacific, Latin America and Middle East & North Africa. Led by the US, North America is anticipated to capture the majority share of the agricultural biologicals market in 2023 and this trend is likely to remain unchanged during the forecast period. The Asia Pacific is accounted to be the fastest-growing segment of the market. The growth of the agricultural biologicals markets in the region is driven by escalating corporate investments within the Asia-Pacific region, driven by a rising tide of government backing for sustainable organic farming and growing demand for organic food products.
Key Report Takeaways
Agricultural Biologicals Market Key Players
Examples of key companies engaged in agricultural biologicals market (which have also been profiled in this market report; the complete list of companies is available in the full report) include AMVAC, Andermatt, BASF SE, Bayer AG, Certis Biologicals, Corteva Agriscience, Chr. Hansen, FBSciences, Koppert Biological Systems, Lallemand, Marrone Bio Innovations, Novozymes, Stoller, Syngenta AG, UPL, Vegalab, Valent Biosciences, and Verdisian Life Sciences.
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