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The global agricultural biologicals market accounted for US$ 11,829 Mn in 2021 and is expected to reach US$ 34,984 Mn by 2030 with a considerable CAGR of 13.3% during the forecast timeframe of 2022 to 2030.
Over the last few decades, rapid growth in the agriculture sector has been fueled primarily by modern irrigation methods, improved crop varieties, and new crop growth stimulators such as pesticides and fertilizers. These technologies continue to be highly relevant and beneficial to agricultural productivity. However, in recent years, there have been numerous reasons for the need to improve strategies for using biological technologies as well as to seek out new tools. Improvements in biological approach application and the introduction of advanced biological products are well suited to the required improved strategies or new paradigm. Agricultural biologicals are products derived from naturally occurring microorganisms, beneficial insects, plant extracts, or other organic matter. However, Biological products may improve crop productivity in a number of different ways within the diverse soil system. Agricultural biologicals provide a way to address these problems and provide a sustainable, green solution to the challenge of producing sufficient crops to meet rising food and fuel demand.
Drivers
Restraints
Opportunity
Report Coverage:
Market | Agricultural Biologicals Market |
Market Size 2021 | US$ 11,829 Mn |
Market Forecast 2028 | US$ 34,984 Mn |
CAGR | 13.3% During 2022 - 2030 |
Analysis Period | 2018 - 2030 |
Base Year | 2021 |
Forecast Data | 2022 - 2030 |
Segments Covered | By Product, By Application, By Source, By Crop Type, And By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | Dow Chemical International Pvt. Ltd., CropScience LLC, Syngenta India Ltd., BASF India Ltd., Bayer India Ltd., Isagro Asia Agrochemicals Pvt. Ltd., T Stanes & Co Limited, Novozymes India, Arysta LifeScience India Ltd., Camson Bio Technologies, Koppert Biological Systems India Pvt Ltd, and Corteva Agriscience. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Customization Scope |
10 hrs of free customization and expert consultation |
Agricultural Biologicals Market Dynamics
The need for new innovations and development to meet the food demands of a growing global population, consumer interest in organic products, growing demand for agricultural sustainability, insect resistance to agricultural chemicals, and concerns about the environmental impact of current agricultural practices are all driving the growth of the agricultural biologicals market. Furthermore, rising consumer awareness and demand for higher-quality farm products, an increased pest outbreaks in crops, and the development of pest resistance to some plant protection products are among the primary factors driving the market growth. Besides that, factors such as high trial costs and a lack of safety rules and regulations are restricting the market growth. Furthermore, the low rate of adoption of biopesticides, combined with their short shelf life, is expected to stifle growth during the forecast period.
Market Segmentation
Market By Product
In terms of product, the biopesticides segment held the largest market share in 2021. Growing investment from pioneering crop protection companies, higher crop yield and quality with the use of biopesticides, growing awareness about environmental safety, growing organic and sustainable farming along with demand for organic vegetables, and rising government initiatives are expected to drive the growth of this segment. Biopesticides are vital microbial toxins characterized as a biological poison obtained from a microorganism such as a bacterium or a fungus. Furthermore, rising demand for organic food and organic agriculture around the world boosts demand for biological pesticides, propelling the overall biological agriculture market forward.
Market By Application
Based on applications, the soil treatment segment is expected to grow at a moderate rate over the forecasted years. Microbes such as bacteria and yeast, as well as plant and algae extracts can be used as active ingredients in biological seed treatment. Biological seed treatment improves plant growth, abiotic stress, plant resilience, root development, and crop productivity. Furthermore, demand for biological seed treatment has grown significantly as a result of increased awareness of its potential and growing concern about the environmental and health risks associated with conventional chemicals.
Market By Source
Based on the source, the microbial segment will account for the majority of the market in 2021. Microbes such as fungi, bacteria, and viruses are used in biotechnology to produce agricultural products, food, and nutritional supplements. Currently, farmers and researchers are working together to create microbe crop protection agents that are beneficial for plant growth. Additionally, soil microbes, such as fungi and bacteria, are required for organic matter decomposition and the recycling of dead plant material.
Market By Crop Type
Based on crop type, fruits and vegetables are expected to grow significantly in the coming years. Because of rising food safety concerns and farming techniques that contribute to a more sustainable environment, the organic fruits and vegetable segment is rapidly expanding. Furthermore, concerns about food quality and safety are receiving a lot of attention these days. High demand for organic fruits and vegetables, particularly in developing economies, is expected to drive up demand for agricultural biologicals used in the production of various fruit and vegetable varieties.
Agricultural Biologicals Market Regional Overview
North America
Europe
Latin America
Asia-Pacific
Middle East & Africa
North America is expected to hold the largest share of the agricultural biologicals market during the forecast period. Increased farmland for field crops such as wheat, soybean, and cotton, as well as an increase in pathogenic fungi infestation on these crop productions, are expected to drive the growth of the regional biological agriculture market. The growing number of organic farms in prominent markets such as the United States, stringent environmental norms regulating the use of different synthetic chemicals to increase crop yield, and the availability of advanced agricultural product development technologies, materials, and ongoing projects will drive the North American market. Furthermore, an easy regulatory framework for biopesticide registration in the US is one of the major factors driving the growth of the North American biological agriculture market.
Competitive Landscape
Some of the prominent players in global agricultural biologicals market are Dow Chemical International Pvt. Ltd., CropScience LLC, Syngenta India Ltd., BASF India Ltd., Bayer India Ltd., Isagro Asia Agrochemicals Pvt. Ltd., T Stanes & Co Limited, Novozymes India, Arysta LifeScience India Ltd., Camson Bio Technologies, Koppert Biological Systems India Pvt Ltd, and Corteva Agriscience.
The estimated value of Global Agricultural Biologicals Market in 2021 was accounted to be US$ 11,829 Mn and market projected to reach US$ 34,984 by 2030
The projected CAGR of Agricultural Biologicals Market during the analysis period of 2022 to 2030 is 13.3%
The prominent players of the global agricultural biologicals market involve Dow Chemical International Pvt. Ltd., CropScience LLC, Syngenta India Ltd., BASF India Ltd., Bayer India Ltd., Isagro Asia Agrochemicals Pvt. Ltd., T Stanes & Co Limited, Novozymes India, Arysta LifeScience India Ltd., Camson Bio Technologies, Koppert Biological Systems India Pvt Ltd, and Corteva Agriscience.
North America held the dominating share for agricultural biologicals during the analysis period of 2022 to 2030
Asia-Pacific region exhibited fastest growing CAGR for agricultural biologicals during the analysis period of 2022 to 2030
Increased organic product awareness and demand, as well as increased use of biopesticides and biofertilizers are the prominent factors that fuel the growth of global agricultural biologicals market
Based on product, biopesticides segment held the maximum share for agricultural biologicals market in 2021
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