Industry Outlook and Trend Analysis
The Agricultural Biologicals Market was worth USD 4.76 billion in 2014 and is expected to reach approximately USD 14.94 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 13.54% during the forecast period. Agrarian biologicals are topical or seed treatment products produced using common materials, which are significantly used to supplant chemicals that are used as a part of agriculture cultivating. These biologicals are made use of to shield crops from bugs, weeds, and infections, in order to keep the crops healthy. Additionally, farmers majorly rely upon agricultural biologicals as it reduces the usage of chemical and synthetic fertilizers for growing nutritious and healthy food. The agriculture biologicals are derived from organic matter, for example, plant extricates and microorganisms that naturally occur to enhance crop efficiency and health. Biological agriculture is a practical agricultural production, which advances the usage of products that are safer for crop treatment.
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Product Type Outlook and Trend Analysis
On the basis of product type the market is segmented into has been portioned into biopesticides, biostimulants and biofertilizers. Because of the expanded demand for economical farming practices, and the loss of numerous conventional products to reregistration or execution issues, the biopesticides section possessed a substantial share in the market.
Application Outlook and Trend Analysis
On the basis of application, the market has been segmented into oilseeds & pulses, cereals & grains and chemical. The fruits & vegetables segment is anticipated to rule the market due to the rising demand for fruits & vegetables with lesser residual load.
Regional Outlook and Trend Analysis
North America is anticipated to be quickest developing in the agricultural biologicals market in the following years. The predominant share of the North American area is credited to the expansion in requirement for feasible agricultural practices and restriction on the usage of certain unsafe chemicals.
Competitive Insights
The leading players in the market are BASF, Valent BioSciences Corporation, Dow Chemical Company, Arysta LifeScience India Limited, DuPont, Koppert, Marrone Bio Innovations and Monsanto Bio AG. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Agricultural Biologicals Market is segmented as follows-
By Product Type:
Biopesticides
Biofertilizers
Biostimulants
By Application:
Cereals & grains
Fruits & vegetables
Oilseeds & pulses
By Region:
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?