Agricultural biologicals refer to products derived from natural sources such as microorganisms, plant extracts, beneficial insects, or other organic materials that are used in agriculture to enhance crop productivity, improve soil health, and manage pests and diseases. These products can include biopesticides, biostimulants, biofertilizers, and microbial inoculants. The agricultural biologicals market size is projected to reach USD 27.9 billion by 2028 from USD 14.6 billion by 2023, at a CAGR of 13.8% during the forecast period in terms of value. The market for agricultural biologicals is experiencing growth due to growing organic farming and government initiatives.
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- BASF SE (Germany)
- Syngenta AG (Switzerland)
- Bayer AG (Germany)
- UPL (India)
- Corteva Agriscience (US)
The agricultural biologicals market is projected to experience significant growth in the coming years. Factors driving this growth include increasing demand for organic and sustainable agricultural practices, rising awareness about the harmful effects of chemical pesticides and fertilizers on the environment and human health, and government initiatives promoting bio-based products in agriculture.
Moreover, advancements in biotechnology and microbial research are leading to the development of more effective and diverse agricultural biologicals, which are expected to further fuel market expansion. Additionally, the growing adoption of precision farming techniques and integrated pest management strategies is likely to boost the demand for biopesticides, biostimulants, and other biological products.
Regionally, Asia-Pacific is anticipated to witness rapid growth in the agricultural biologicals market, driven by expanding agricultural activities, increasing population, and rising demand for organic food products. North America and Europe are also expected to contribute significantly to market growth due to strong regulatory support for sustainable agriculture and growing consumer preference for organic produce.
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By product type, microbials hold a significant market share during the forecast period
The demand for microbials in the agricultural biologicals market is increasing globally due to the growing concern over the environmental impact of conventional agriculture. This includes the use of chemical inputs, which has led to a greater emphasis on sustainable and environmentally friendly farming practices. Microbials provide a natural and eco-friendly alternative by reducing the reliance on synthetic pesticides and fertilizers. As sustainability becomes a priority for consumers and regulatory bodies, there is a rising demand for microbial-based agricultural products.
Microbials, including beneficial bacteria, fungi, and other microorganisms, offer the advantage of improving soil health and nutrient availability. They form symbiotic relationships with plant roots, facilitating nutrient uptake and enhancing plant growth. Farmers are increasingly recognizing the significance of soil health in achieving sustainable agriculture, leading to an increased demand for microbials as a means to promote soil fertility and nutrient cycling.