AGRICULTURAL BIOLOGICALS TESTING MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

AGRICULTURAL BIOLOGICALS TESTING MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The agricultural biologicals testing market is forecasted to witness a CAGR of 9.7% in the forecast period 2020-2025. The market is driven by several factors like the increasing adoption of bio-based pesticides, fertilizers, and biostimulant products across the world due to stringent regulations on chemical usage in several countries, a large investment in product development by agricultural companies, and an increased organic agricultural production across several regions.

Europe is the largest market for biological testing services. Several environmental agencies that promote sustainable agricultural practices are also favoring the use of biopesticides which is further enhancing the testing market for these products. The market is fragmented and companies are investing heavily in developing new products and are collaborating and acquiring other companies, which is expected to increase their market shares and strengthen the R&D activities.

Key Market TrendsGovernment Regulations Favoring Agricultural Biologicals are Driving the Market

Given that biopesticides tend to pose fewer environmental risks compared to chemical pesticides, the United States Environmental Protection Agency (USEPA) generally requires less stringent data to register a biopesticide than to register a chemical pesticide. As a result, new biopesticides are often registered in less than a year, compared to an average of more than three years for chemical pesticides.

Biopesticides are regulated in the European Union in the same manner as chemical pesticides. The Organization for Economic Co-operation and Development (OECD), a 34-country group headquartered in Paris, France, assists EU governments in a quick and thorough assessment of biopesticide for eliminating risks to humans and the environment.

In the United States, the registration process for biofertilizers is done at the state level and they are registered under soil amendments, as they contain organic components. In Canada, the Canadian Food Inspection Agency (CFIA) has well-defined processes accepted by the industry, for the registration of biofertilizers. This practice allows biofertilizer companies to operate in a safe environment and attract new investors for the biofertilizer industry. Thus the favorable regulatory structure related to the use of biopesticides is giving a boost to the agricultural biologicals market in general and the biopesticide market.

Europe is the Largest Market as of 2019

The European agricultural biologicals testing market is driven by the increasing usage of biological agricultural products such as biostimulants and biofertilizers in the region. The stringent regulations imposed on chemical agrochemicals in various countries of this region have encouraged consumers to shift from the traditional pesticides to less toxic biological products. The agro biologicals market is also gaining momentum with the entry of major players like Bayer Cropscience and Marrone Bio Innovations Inc. into the market.

Italy, Germany, and the United Kingdom are some leading countries in the European market. The developments in the agricultural biologicals market are further stimulating the growth of the testing market for these products in Europe who are promoting their products and services including field trials, product analysis, and regulatory compliance. Owing to the above-stated factors, the agricultural biologicals market in Europe is also projected to witness significant growth over the coming years.

Competitive Landscape

The Agricultural Biologicals Testing Market is fairly fragmented with a number of regional and international players occupying a significant share of the market. The companies in the segment are not only investing in expansion to different regions but also focussing on mergers and acquisitions to enhance their prominence across the world. For instance, in 2017, SGS SA had acquired BioVision Seed Research Limited (BioVision), in Canada which has testing laboratories serving the agricultural markets in Western Canada and beyond. In 2018, the company has also acquired OLEOTEST NV in Belgium.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Anadiag Group
Apal Agricultural Laboratory
Bionema Limited
Biotecnologie B.T. Srl
Eurofins Scientific SE
i2LResearch
Laus GmbH
RJ Hill Laboratories Ltd
SGS SA
Staphyt S.A.
Syntech Research

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