Global Agricultural Biologicals Market 2024-2028
The agricultural biologicals market is forecasted to grow by USD 13558.2 mn during 2023-2028, accelerating at a CAGR of 15.89% during the forecast period. The report on the agricultural biologicals market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing prices of chemical fertilizers and pesticides, increasing governmental support for use of bio-based products in agriculture, and growing organic food products market.
Technavio's agricultural biologicals market is segmented as below:
ByType
- Biopesticides
- Biofertilizers
- Biostimulants
ByApplication
- Cereals and grains
- Fruits and vegetables
- Oilseeds and pulses
- Other crops
ByGeography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing use of sustainable products for plant growth as one of the prime reasons driving the agricultural biologicals market growth during the next few years. Also, advent of liquid biofertilizers and increasing product launches will lead to sizable demand in the market.
The report on the agricultural biologicals market covers the following areas:
- Agricultural biologicals market sizing
- Agricultural biologicals market forecast
- Agricultural biologicals market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading agricultural biologicals market vendors that include Agrinos AS, Andermatt Group AG, BASF SE, Bayer AG, Biological Products Industry Alliance, Evogene Ltd., Gowan Co., Koppert, Mitsui and Co. Ltd., Novozymes AS, PI Industries Ltd., Pro Farm Group Inc., PROBELTE SAU, SEIPASA SA, SOM Phytopharma India Ltd., Syngenta Crop Protection AG, T.Stanes and Co. Ltd., UPL Ltd., Valent BioSciences LLC, and Vegalab SA. Also, the agricultural biologicals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.