Rising use of nanobiopesticides is projected to escalate the agricultural biological market at a CAGR of 12.9%
Latest market study on “Global Agricultural Biological Market to 2027 – Analysis and Forecasts by Type (Biopesticides, Biostimulants, Biofertilizers), Source (Microbials, Biochemicals, Others), Application Mode (Foliar Sprays, Soil Treatment, Seed Treatment), Application (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others)”. The global agricultural biological market is accounted to US$ 7,148.8 Mn in 2018 in 2018 and is expected to grow at a CAGR of 12.9% during the forecast period 2019 – 2027, to account to US$ 21,141.0 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
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Under the type segment, the biopesticides segment accounted for the largest share in the global agricultural biological market. Biopesticides are the extensively used agricultural biological products. They are used to control agricultural pests with the help of specific biological effects. These effects contains biocontrol agents including natural organisms or substances derived from animals, plants, bacteria, or minerals. Biopesticides cover a broad spectrum of potential products like microbial pesticides, plant-incorporated protectants, and biochemical pesticides. They are generally less toxic than the conventional type of pesticides and affects only the target pest.
The usage of nanotechnology in the agricultural sector has significantly increased and is expected to grow in the future. Nanoparticles are used to improve soil fertility, soil nutrients, control growth of weeds, and protect plant crops. Nanobiopesticides are also being used by the agricultural farmers for the pest control and expected to increase in the future. Nanobiopesticides consist of nanoparticles of small engineered structures or active ingredients with important pesticidal properties. The health authorities ensure that these nanobiopesticides doesn’t contain any harmful substances that can harm human beings, plants, and environment. These factors would lead to rising in demand for nanobiopesticides in the agriculture industry.
The market for global agricultural biological is concentrated with some very well-established players. Some of the key players in the global agricultural biological market include BASF SE, Biolchim S.p.A., Certis U.S.A. LLC, DowDuPont Inc., Isagro S.p.A, Koppert Biological Systems, Marrone Bio Innovations, Inc., Syngenta, UPL and Valent BioSciences LLC among others.
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The report segments the global agricultural biological market as follows:
Global Agricultural biological Market – By Type
Global Agricultural biological Market – By Tow Sizes
Global Agricultural biological Market – By Application Mode
Global Agricultural biological Market – By Application
Increase in adoption of natural products over synthetic products has led to the growth of agricultural biological market
Agricultural biological are increasingly being used as a replacement of synthetic or chemical plant protection products like chemical pesticides, fungicides or insecticides. Agricultural biological products like biopesticides, biostimulants, and biofertilizers serve as a natural product which lead to soil health development, plant’s disease control, enhancement of nutrient uptake, plant growth enhancement, and various others. The demand for agricultural biological products is growing over other synthetic products owing to its minimal costs, low environmental impacts, and a low risk of product resistance towards the pests.
Rising demand of healthy food products in Asia Pacific region will create growth opportunities for the global agricultural biological market
Growing awareness and demand for healthier crop food products in the developed counties such as China, India, Japan, and South Korea have promoted the manufacturers to produce agricultural biological products. Also, developing nations in the Asia Pacific exhibit huge potential and growth prospects for the agricultural biological products due to change in lifestyle, rise in middle-class population, growth in disposable income and an increase in awareness about healthier products.
Application Mode Insights
Based on application mode, the global agricultural biological market has been segmented into foliar sprays, soil treatment, and seed treatment. The seed treatment segment led to the global agricultural biological market. Seeds are treated with the help of insecticides, fungicides, etc. to protect them from seed-borne pathogenic organisms. Seeds are also subjected to exposure of solar energy or immersion in conditioned water. It provides various advantages such as improved germination, control of insects present in the soil, prevention of plant diseases, early growth and establishment, and protection from seedling blights and seed rot. Seeds can be treated with various procedure types such as seed dressing, seed pelleting, and seed coating.