North America to Dominate Agricultural Biologicals Market until 2025
Increasing trend of sustainable agriculture is expected to drive the growth of global agricultural biologicals market.
According
to TechSci Research report, “Global Agricultural
Biologicals Market By Function (Crop Protection and Crop Enhancement), By Product
Type (Microbials, Macrobials, Semiochemicals, Natural Products, By Mode of
Application (Foliar spray, Soil Treatment and Seed treatment), By Crop Type
(Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other),
By Region, Competition, Forecast & Opportunities, 2025”, global
agricultural biologicals market is expected to witness robust growth rate
during the forecast period. New product launches and agreements is one of the major factors accounting
for the growth of global agricultural biologicals market.
Moreover, increasing demand from supreme quality harvest from farm produce is
expected to bode well for growth of global agricultural biologicals market
through the forecast period. In addition to this, rise in awareness among the
farmers regarding the use of biologicals, is positively influencing the growth
of global agricultural biologicals market. Also, environment is exploited because
of the overuse of crop protection chemicals, which is making headway for the
growth of global agricultural biologicals market across the globe. Along with
this, strict rules and regulations on account of excessive use of synthetic
fertilizers by agricultural product regulatory bodies and agencies, is expected
to positively contribute to the market growth during the next five years.
However, there are some factors that might act as major impediment to the
growth of global agricultural biologicals market through 2025 such as lower
shelf life of the products.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on " Global Agricultural Biologicals Market "
Global
agricultural biologicals market can be segmented based on function, product
type, mode off application, crop type, company, and region. Considering the product
type, the market is fragmented into microbials, macrobials, semiochemicals,
natural products and others. Here, the microbials segment dominated the global agricultural
biologicals market in terms of largest market share until 2019 and is further
anticipated to hold its dominance during the forecast period as well. Additionally,
availability of strains along with ease of production are some of the key
factors leading to the dominance of microbials in the agricultural biologicals
market. Moreover, high rate of adoption of microbials among farmers is further
contributing to the growing trend. Moreover, the utilization of microbials is
pretty simple, as it does not need the user to have specific technical
knowledge. This factor is resulting in high acceptance of microbial solutions when
compared to other type of agricultural biologicals among growers and
cultivators.
BASF SE, Isagro S.P.A., Syngenta Crop Protection
AG, Bayer AG, UPL, Marrone Bio Innovations, Evogene Ltd, Vegalab S.A.,
Lallemand, Valent Biosciences, Stockton Bio-AG, Biolchim S.P.A., Rizobacter,
Valagro, Koppert Biological Systems, are among others are the leading
players operating in global agricultural biologicals market. The players are
adopting several growth strategies to enhance the market scenario of agricultural
biologicals. Other competitive strategies include product launches; mergers
& acquisitions; agreements, partnerships, and collaborations; and
expansions to diversify their product portfolio in order to strengthen their
market position.
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“North America is expected to dominate global agricultural biologicals market
during the next five years on account of early adoption of modern agricultural technologies.
Furthermore, continuous research and development activities coupled with high
number of patents received for biopesticides and biostimulants by the major
market players based in the region, is further expected to boost the demand for
agricultural biologicals in region over the coming years.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Agricultural
Biologicals Market By Function (Crop Protection and Crop Enhancement), By Product
Type (Microbials, Macrobials, Semiochemicals, Natural Products, By Mode of
Application (Foliar spray, Soil Treatment and Seed treatment), By Crop Type
(Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other), By
Region, Competition, Forecast & Opportunities, 2025” has evaluated the
future growth potential of global agricultural biologicals market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global agricultural biologicals market.
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