Agricultural Biologicals Market Will Reach USD 13.5 Billion By 2026
According to the report, The global agricultural biologicals market in 2019 was approximately USD 7.2 billion. The market is expected to grow at a CAGR of 9.4% and is anticipated to reach around USD 13.5 billion by 2026.
Agricultural biologicals are a form of crop protection that are derived from natural materials. There increasing demand for supreme quality crops globally has led to the development of crops that can resist pest attacks to some extent with the help of agricultural biologicals hence driving the global market. Environmental damage caused due to the use of large quantities of harmful chemicals for crop protection is creating a demand for biological products that can replace the harmful chemicals hence boosting the global agricultural biologicals market. Also, stringent government rules and regulations on the use of chemical fertilizers in the agriculture sector are anticipated to boost the agricultural biologicals market.
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The agricultural biologicals market research report delivers an acute valuation and taxonomy of the agricultural biologicals industry by practically splitting the market on the basis of different product types, crop types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the agricultural biologicals industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the agricultural biologicals industry is provided for the leading economies of the world.
The agricultural biologicals market is segmented based on product type, crop type, and application. On the basis of product type segmentation, the market is classified into biopesticides, biostimulants, biofertilizers, and others. In terms of crop type segmentation, the market is bifurcated into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. On the basis of application segmentation, the market is classified into foliar spray, seed treatment, soil treatment, and post-harvest.
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Some of the essential players operating in the agricultural biologicals market, but not restricted to include Isagro S.P.A., Bayer AG, Marrone Bio Innovations, Vegalab S.A., Valent Biosciences, Biolchim S.P.A., Valagro, Symborg, Seipasa, Biobest Group Nv, Agrinos Inc., CBF China Bio-Fertilizer AG, Mapleton Agri Biotec, Symborg S.L., BASF SE, Syngenta Crop Protection AG, UPL, Evogene Ltd, Lallemand, Stockton Bio-AG, Rizobacter Argentina SA, Koppert Biological Systems, Andermatt Biocontrol AG, Verdesian Life Sciences, LLC, Kiwa Bio-Tech Products Group Corporation, Sigma Agri-Science, LLC, Novozymes A/S, National Fertilizers Ltd., and others.
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