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Agricultural Biologicals Testing Market set to witness stellar growth of 10.4% CAGR by 2021

The agricultural biologicals testing market is projected to reach a value of USD 1.12 Billion by 2021, at a CAGR of 10.4% from 2016. The agricultural biologicals testing market is segmented on the basis of product type, application, end user, and region. The product types include biopesticides, biofertilizers, and biostimulants. The market has also been segmented on the basis of application into field support, analytical, and regulatory services. The market is divided on the basis of the end users such as biological product manufacturers, government agencies, and others, which include plant breeders and outsourced CROs. On the basis of key regions, the agricultural biologicals testing market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

The increased adoption of organic farming practices in developing countries such as India, China and Brazil and demand for efficient and safe agricultural biologicals have resulted in the growth of the agricultural biologicals testing market. Various customized solutions developed for each testing requirement of the client and increased registration regulations in Europe are the driving factors for the market. The analytical services offered to agricultural biological manufacturers help them to formulate standard products that comply with regulations of European countries.

Each new biopesticide, biofertlizer, or biostimulant is tested on several parameters, depending on the crop the particular product is likely to be used for and the targeted region in which the cultivation is likely to take place. The cost of conducting field trials is relatively higher due to the longer duration of the study and the large number of highly skilled scientists required for the processes. The formation of dossiers for regulatory compliance requirements is complicated, especially in the European region. This is primarily due to the lack of a harmonized regulations for agricultural biologicals in the region.

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The agricultural biologicals testing market for biopesticides is projected to grow at the highest rate, by 2021, owing to its increased utilization in agriculture as a preferred alternative to chemical pesticides which pose risks to the human health and the environment. With the growing awareness regarding sustainable agriculture, the usage and testing of biopesticides is likely to grow at a rapid pace.

The fastest-growing market for agricultural biologicals testing, between 2016 and 2021, is expected to be North America. The driving factors for the market in this region are the increased usage of sustainable biological inputs in agriculture, export of agricultural biologicals by manufacturers to other parts of the world, and intensive R&D activities supported by the governments. The U.S. market for agricultural biologicals testing accounts for the largest share of the North American market for the year 2015. The leading player in North America is SynTech Research (U.S.).

By application, the field support segment is projected to be the fastest- growing during the forecast period. The driver of the high growth of this segment is the rapid growth in the number of agricultural biologicals being developed, which require field trials to be conducted over one or two crop cycles. There are a number of tests that comprise field support services such as efficacy tests, toxicity tests, and stability tests, offered by testing companies.

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