Agricultural Biologicals Market Size Worth USD 29.40 Billion by 2030 | A CAGR of 14.07%

Agricultural Biologicals Industry

The Exactitude Consultancy has updated its global market reports with latest data for 2024 and projections up to 2030

LUTON, BEDFORDSHIRE, UNITED KINGDOM, March 1, 2024 /EINPresswire.com/ — This information is provided by Exactitude Consultancy, in its report titled, “Agricultural Biologicals Market, 2022-2029.”

The agricultural biologicals market is expected to grow at 14.07% CAGR from 2024-2030. It is expected to reach above USD 29.40 Billion by 2030 from USD 8.99 Billion in 2023. Agricultural biologicals, also known as biopesticides or biostimulants, are a category of agricultural products that are derived from natural materials or microorganisms and are used to enhance crop productivity, protect crops from pests and diseases, and promote sustainable farming practices. These products differ from traditional chemical pesticides and fertilizers, as they offer more environmentally friendly and often safer alternatives for agriculture.

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Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2023
Historical Period: 2018–2023
Forecast Period: 2024–2030

Competitive Landscape

The Agricultural Biologicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Agricultural Biologicals market.

Leading Key players included in this Report are:

Major players in the Agricultural Biologicals Market are identified through secondary research and their market revenues determined through primary and secondary research are: Tradecorp, Bayer, Syngenta AG, UPL Limited, Marrone Bio Innovations, PI Industries, Gowan Group, Novozymes A/S, Lallemand, Inc., BASF and Others.

Recent Development:

On October 2023, Biimore had officially registered in the European Union as a ‘non-microbial plant biostimulant’ under the EU Fertilising Products Regulation 2019/1009 (FPR), and bear the CE mark.

On November 2022, NuCicer, an agri-food technology company pioneering ultra-high protein chickpeas by harnessing the rich biodiversity of wild chickpea relatives, announced the closure of an additional seed investment round. The funding, led by Leaps by Bayer, the impact investing arm of Bayer AG, alongside Lever VC, Blue Horizon, and Trellis Road followed an earlier investment round led by Lever VC

Agricultural Biologicals Market Segmentation:

Agricultural Biologicals Market By Type, 2020-2029, (USD Billion), (Kilotons).

Biopesticides

Biostimulants

Biofertilizers

Agricultural Biologicals Market By Source, 2020-2029, (USD Billion), (Kilotons).

Microbials

Macrobials

Semiochemicals

Natural Products

Agricultural Biologicals Market By Mode Of Application, 2020-2029, (USD Billion), (Kilotons).

Foliar Spray

Soil Treatment

Seed Treatment

Agricultural Biologicals Market By Crop Type, 2020-2029, (USD Billion), (Kilotons).

Fruits & Vegetables

Cereals & Grains

Oilseeds & Pulses

Regional Outlook:

◘ North America (United States, Canada, and Mexico)

◘ Europe (Germany, France, UK, Russia, and Italy)

◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

◘ South America (Brazil, Argentina, Colombia, etc.)

◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In terms of revenue, north america dominated the agricultural biologicals market in 2021 with a 32% share. Due to stringent usage restrictions on numerous synthetic crop protection chemicals, which pose a serious risk to both human health and the environment, the need for biological crop production and crop protection solutions is fast increasing. Throughout the projection period, market growth is likely to be supported by North America’s accessibility to contemporary agricultural technologies, machinery, and other resources. Furthermore, it is anticipated that the growing number of organic farms in North American nations would open up new market potential. The natural resources needed for agricultural production will diminish further as the world’s population increases and the demand for food increases.

Drivers and Restraints:

Level of Risk Related with Synthetic Chemicals in Agriculture to Spur Market Growth

The market for biologicals utilized in agriculture is driven by the surging consciousness of the detrimental effect on the environment triggered by synthetic plant protection constituents. The maladministration in the usage of inorganic agricultural biologicals inputs, particularly synthetic fertilizers has resulted in the increment in the quantity of GHGs produced such as carbon dioxide (CO2), nitrous oxide (N2O), and methane (CH4). This has substantially resulted in the farmers and growers to move to bio-based agri-inputs.

Browse Complete Summary and Table of Content:

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Among the report’s primary offers are the following:

Direct-To-Consumer Agricultural Biologicals definition, synopsis, and product specification are included in the research. It also identifies market-related obstacles and opportunities.

An in-depth study of the market for Agricultural Biologicals products, including regional evaluations and competitive analyses on a global, regional, and local scale.

Indicators influencing market scenarios, development patterns, growth plans, as well as major regional enterprises fundamental to the market, are identified and highlighted.

A comprehensive section on the market’s competitive landscape includes company profiles, strategic activities, and market shares for the industry’s major competitors.

Various macro- and micro-level influences on the Global Agricultural Biologicals market is identified and analyzed in the study.

Offers a detailed overview of the leading participants in the industry, as well as an analysis of their present strategic goals and critical financial data.

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We offer customization on report based on customer’s specific requirement:

– country-level analysis for the 5 countries of your choice.

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