Global Agricultural Biologicals Market is projected to grow at a high CAGR from 2017 to 2024
Due to recent demand for organic products, improved yield of crops and rising costs of chemical pesticides and fertilizers, the agricultural biologicals market has been benefitting. The market has also greatly profited from decisions made by governing bodies to use biologicals due to the deteriorating condition of the environment. The market on the basis of type can be segmented into biopesticides, biofertilizers and biostimulants. Biopestcides are substances which eliminate pests by non-toxic methods and contribute to the higher productivity of crops. Biofertilizers contain microbacteria and organisms which promote crop yield and growth. Biostimulants are organic substances that are applied to improve the quality of the soil and crop. The biopesticides segment captured maximum share of the global agricultural biologicals market and is projected to do the same in the coming years due to chemical pesticides being rapidly replaced by biological ones. Biopesticides are preferred as they are made from naturally occurring bacteria and minerals which will not contribute to environmental degradation in the long run.
The report is designed to provide a complete view on the global Agricultural Biologicals market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2024). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Agricultural Biologicals market has been studied considering a short term forecast of the factors/ variables which have an impact on Agricultural Biologicals market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
Need for increased productivity and crop yield, increasing demand for organic crops and vegetables, stringent rules and regulations for using agricultural chemicals, and adapting more environment friendly options, among others are the major factors influencing the growth for agricultural biologicals market.
Study Technique: Global Agricultural Biologicals Market
The global Agricultural Biologicals market has been studied from the year 2016 till 2024. However, the CAGR provided in the report is from the year 2017 to 2024. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Agricultural Biologicals market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Agricultural Biologicals, and customer analytics.
End-User Landscape (Consumer Profile): Agricultural Biologicals Market
Companies such as The Dow Chemical Company, BASF SE, Bayer Cropscience AG, Syngenta, and Novozyme A/S, among others are investing extensively in the manufacturing and sale of Agricultural Biologicals, which presents a huge opportunity to Agricultural Biologicals suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
Global Agricultural Biologicals Market Segmentation
By source, the market is divided into microbials, and biorationals. Microbials are widely utilised all over the world as a rich source of biologicals to prevent crops from attacks by pests and insects, they are composed of microbes which assist the natural method of plant growth. Microbials are growing at the highest rate owing to its productivity in crop yield. Based on crop-type, the market is divided into cereals & grains, oilseeds & pulses, and fruits & vegetables. Being a staple crop world over, cereals & grains capture the majority of the market. With the growing population, there is an ever increasing demand for cereals & grains, therefore it continues to capture the majority of the market during the forecast period.
By application, the market is segmented into soil treatment, seed treatment and foliar spray. Soil treatment is the widely used method of application as it improves the quality of the soil by improving pH levels and nutrient quality present. It also helps remove precarious substances from the soil which can damage human health on consumption. Seed treatment application has also seen growth in recent years as it is being used to protect seeds after germination from seasonal diseases, insects and pests, this improves crop yield and growth. Also, the increase in population has led to increased demand for more varieties of plants and crops which require seed treatment to grow in certain areas due to them being widely exposed to various pests and diseases.
The Dow Chemical Company, BASF SE, Bayer Cropscience AG, Syngenta, Novozyme A/S, and Isagro Spa among others account for the major share in Agricultural Biologicals market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: T. Stanes & Company Limited, Arysta Lifescience Limited, Marrone Bio Innovation Inc., and Koppert B.V.
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