“Agricultural Biologicals Market Size, Share and Global Trend by Type (Biopesticides, Biostimulants, and Biofertilizers), Source (Microbial and Biochemicals), Application Method (Foliar Spray, Soil Treatment, Seed Treatment, and Others), Crops, and Geography Forecast till 2026”. The report also incorporates an in-depth analysis of the probable market trends and the factors that will influence the market.
Agricultural biologicals refer to a group of products derived using natural sources such as plant extracts, selected insects, and microorganisms such as fungi and bacteria. The most commonly used biological products in agriculture include bio-fertilizers, bio-stimulants, and bio-pesticides.
Rising Demand for Better Quality Farm Yields to Drive the Market
The global agricultural biologicals market growth is set for a major upsurge owing to the climbing demand for naturally-extracted productivity-enhancing products. These biologicals entail a host of economic benefits. For example, a study conducted by the Food and Agriculture Organization in Lesotho showed that conservation agriculture, wherein biologicals are a key component, has greater efficiency as high output levels are achieved with lower inputs. There was also a marked increase in agricultural yields where biologicals were employed. Thus, economic feasibility of biologicals will boost the global agricultural biologicals market revenue.
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Innovations and Acquisitions to Intensify Competition
Investing in innovation and acquiring companies to expand presence in the global agricultural biologicals market are emerging as the key strategies being adopted by the participants. For example, in July 2019, the Dutch company, Koppert Biological Systems, acquired Argentina-based Nitrasoil to mark its entry into South America and diversify its portfolio by including inoculants in its product range. In 2018, Bayer developed Serenade ASO, a biological crop protection product that can fight bacterial and fungal crop diseases.
Fortune Business Insights identifies major players that hold a significant portion in the global agricultural biologicals market share. These include Valent Biosciences,
Key Segmentation:
By Type
By Source
By Mode of Application
By Crop Type
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Legislative Support to Boost the Market in North America
Passing of laws such as the recent Pesticide Registration Improvement Extension Act of 2018 (PRIA 4) is expected to swell the global agricultural biologicals market size in North America. Similar efforts at effective regulation of biological products in the agricultural landscape is expected in Europe, which will put it close at heels with North America in terms of market share and revenue.
Adoption of Modern Agricultural Technologies in Agriculture Sector Drives Market in Europe
North America and Europe are anticipated to grow faster in the global agricultural biologicals market. Stringent regulations regarding the use of crop protection chemicals are likely to drive the market in these two regions. Furthermore, these regulations are implemented to protect the environment from hazardous effects. Other factors driving the market in Europe are improved crop quality outcomes, increasing crop productivity, and rising demand for organic materials. In addition to this, increasing adoption of modern technology for agricultural practices is expected to create revive the market’s growth in this region.
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