Agricultural Biologicals Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Agricultural Biologicals Market
The agricultural biologicals market size was valued at USD 13.44 billion in 2023, and the market is now projected to grow from USD 15.29 billion in 2024 to USD 44.70 billion by 2032, exhibiting a CAGR of 14.35% during the forecast period of 2024-2032.
The COVID-19 pandemic created full-size possibilities for the agricultural biologicals market as curbing the COVID-19 outbreak became prioritized. All the commercial enterprise sectors were adversely affected due to a halt in their activities; the global journey became stopped, and the most important organizations, collectively with drugs and meals, have been legal to feature.
The agricultural biologicals market share globally has been contributed due to the increasing production of horticulture crops and cereal crops. The international production of fruits, greens, and cereals is growing progressively. With the upward thrust in disposable earnings in evolved and emerging economies, the call for outstanding end results and greens is growing unexpectedly.
Furthermore, there’s been a notable trend of increasing adoption of integrated pest management practices. The excessive effectiveness of biopesticides and their green nature are helping their recognition among farmers who are adopting integrated pest management practices and inclined closer to using clever and sustainable procedures for protecting their plants. The included pest management (IPM) has emerged as an effective answer to govern and lessen the harm as a result of insect pests in agricultural fields.
Comprehensive Analysis of Agricultural Biologicals Market
The agricultural biologicals market and agriculture industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the agricultureindustry. These segmentations are methodically segregated by types, source, application, and crop. The crop types include, fruits & vegetables, row crops, and others. However, the applications are such as foliar spray, , seed treatment soil treatment, and others.
The North American region is conducive to the global agricultural biologicals market, leading to a recall of USD 4.25 billion owing to increasing acreage for field crops. The U.S. Environmental Protection Agency has played a proactive role in recognizing the robust call for potential for bio stimulants, and the company is for this reason operating in the route of reducing the regulatory uncertainty, so one can in the long run reduce the expenses of bringing a product to market.
The top players in the market play a crucial role in the agriculture industry assuring industrial prospectus growth and setting market standards. These players include, Koppert Biological Systems (Netherlands), Bayer AG (Germany), Syngenta AG (Switzerland), Marrone Bio Innovations (U.S.), UPL Limited (India), SEIPASA S.A. (Spain), PI Industries (India), BASF SE (Germany),Novozymes A/S (Denmark), and Gowan Group (U.S.) these market players provide a level-playing competitive landscape.
On September 20, 2023, Croda International, a U.K.-primarily based company, delivered a brand new shipping device named Atlox BS-50, a ready-to-use microbe shipping system that allows for a shorter final product development time and, for that reason, supports faster new product improvement.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 14.35% from 2024 to 2032
Segmentation By Type, Source, Application Method, Crop, and Region
Segmentation
By Type
Biopesticides
Biostimulants
Biofertilizers
By Source
Microbial
Biochemicals
By Application Method
Foliar Spray
Soil Treatment
Seed Treatment
Others
By Crop
Row Crops
Fruits & Vegetables
Others
By Region
North America
Europe
Asia Pacific
South America
Middle East & Africa
Geography
North America (By Type, Source, Application Method, Crop, and Country)
U.S. (By Application Method)
Canada (By Application Method)
Mexico (By Application Method)
Europe (By Type, Source, Application Method, Crop, and Country)
Germany (By Application Method)
U.K. (By Application Method)
Spain (Application Method)
France (Application Method)
Italy (Application Method)
Russia (Application Method)
Rest of Europe (Application Method)
Asia Pacific (By Type, Source, Application Method, Crop, and Country)
China (By Application Method)
India (By Application Method)
Australia (By Application Method)
Japan (By Application Method)
Rest of the Asia Pacific (By Application Method)
South America (By Type, Source, Application Method, Crop, and Country)
Brazil (By Application Method)
Argentina (By Application Method)
Rest of South America (By Application Method)
Middle East and Africa (By Type, Source, Application Method, Crop, and Country)
South Africa (By Application Method)
Israel (By Application Method)
Rest of the Middle East & Africa (By Application Method)
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