Insights on the Agricultural Biologicals Global Market to 2026 – Growing Demand for Food Owing to Booming Population Growth is Driving the Industry – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Agricultural Biologicals Market – Forecasts from 2021 to 2026” report has been added to ResearchAndMarkets.com’s offering.
The agricultural biologicals market is expected to grow at a compound annual growth rate of 11.02% over the analyzed period to reach a market size of US$19,699.792 million in 2026 from US$9,477.038 million in 2019. Agricultural biologicals are a distinctive group of natural products, derived from naturally occurring micro-organisms, beneficial insects, plant extracts, and other organic matters.
Biological products, such as agricultural biologicals, are the fastest-growing segments in the agricultural input market. the key developer of this industry is the growing demand for eco-friendly, chemical-free products for better yield. Chemical fertilizers and pesticides do increase yield, at the cost of the quality of the crop. The chemicals may end in the end product, harming the health of the consumers. Agricultural Biologicals, on the other hand, do not contain chemicals and make the plant and yield more nutritious and healthier. Bio-stimulants helps in increasing plant metabolic and enzymatic process, thus improving the production level and the crop quality. Bio-pesticides protects the plant from incest and other microbes attack, saving the yield.
The market growth is driven by many factors which include R&D and innovation to meet the growing food demand as a result of the surging global population. Further, consumer interest in organic products will also drive the market. Furthermore, insects and weed resistance towards chemicals used in agriculture accompanied with rising environmental concerns will have a positive impact on the agricultural biologicals market.
Rapid Urbanization and Industrialization, along with growing disposable income will have a positive impact on the market, driving the demand further.
The prime driver of growth in the agricultural biologicals market is anticipated to be the growing demand for food owing to booming population growth. The World population is expected to increase to 9.8 billion by end of 2050, from 7.8 billion in 2019. This growth will increase the demand for food products. Further, rapid industrialization and urbanization, especially in developing countries, will decrease the arable land available for cultivation. Hence, intense pressure will be on agricultural lands to increase yield. Farmers will turn towards agricultural biologicals which helps in increasing yield. Moreover, growing disposable income will also boost the market. growth in disposable income redefines a better standard of living. Along with this, consumers are becoming more health-conscious and are demanding natural, organic products. To meet this demand, farmers are employing bio-products. These factors combined will boost the market for agricultural biologicals.
Companies Mentioned
- Biolchim SPA
- Marrone Bio Innovations
- BASF SE
- Valent BioScience
- Syngenta
- Isagro
- Arysta LifeSceince
- Koppert Biological Solutions
- Certius USA L.L.C.
- Agricen
Key Developments
- March 2021, Arizona-based, Gowan company announced its acquisition of all shares of Piemme S.R.L., from its shareholders and Giorgio Basile.
- March 2021, Bayer AG has announced that it will be launching Vanity Citrus, a bio-pesticide that targets citrus farm pests. The company claims that its Vanity Citrus does not generate resistance or any residue in harvest or the environment.
- October 2020, Kerala state inaugurated its first biofertilizers and organic manure quality control laboratory in Pattambi. The laboratory would enable farmers to resolve issues regulating their bio-products along with understanding government policies.
- August 2020, the government of India mandated the purchase of biofertilizers along with the purchase of urea. The government regulation states that for each bag of urea purchased, the farmer has to purchase a bag of biofertilizer. The intention behind implementing this rule is to encourage the use of biofertilizers over chemical fertilizers.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Agricultural Biologicals Market, by Type
5.1. Introduction
5.2. Biofertilizers
5.3. Biopesticides
5.4. Biostimulants
6. Agricultural Biologicals Market, by Application
6.1. Introduction
6.2. Soil Treatment
6.3. Seed Treatment
6.4. Foliar Sprays
7. Agricultural Biologicals Market, by Source
7.1. Introduction
7.2. Biochemicals
7.3. Microbials
7.4. Others
8. Agricultural Biologicals Market, by Geography
8.1. Introduction
8.2. North Americas
8.3. South America
8.4. Europe
8.5. The Middle East and Africa
8.6. Asia Pacific
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrative
9.3. Mergers, Acquisition, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. Biolchim SPA
10.2. Marrone Bio Innovations
10.3. BASF SE
10.4. Valent BioScience
10.5. Syngenta
10.6. Isagro
10.7. Arysta LifeSceince
10.8. Koppert Biological Solutions
10.9. Certius USA L.L.C.
10.10. Agricen
For more information about this report visit https://www.researchandmarkets.com/r/qqqf9r
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