USD 11 billion
Report ID:
SQMIG15C2087 |
Region:
Global |
Published Date: December, 2024
Pages:
176
|Tables:
0
|Figures:
0
Agricultural Biologicals Market size was valued at USD 11.28 Billion in 2023 and is poised to grow from USD 12.34 Billion in 2024 to USD 23.15 Billion by 2032, growing at a CAGR of 9.4% during the forecast period (2025-2032).
Innovations in biopesticides are increasingly needed due to the challenges of organic farming, pests and diseases, and soil erosion, to mention a few. Moreover, there is a growing concern from different countries and international regulations on the need to promote agriculture without resorting to chemical-based agricultural practices. encouraging the use of chemical biopesticides and fertilizers that are non-toxic in order to maintain soil health and, thus, boost agricultural output. While PMKSY focusses on irrigation, it also incorporates sustainable technology and practices through elements of the second green revolution, such as agricultural biologicals, which increase soil fertility and resilience to achieve the broader goals of sustainable agriculture.
Using artificial intelligence will facilitate the task of the search and design of new agricultural biologicals by screening large databases for available microorganisms and natural products. Furthermore, machine learning systems can evaluate the potential effectiveness of products, optimize the R&D processes, and improve global agricultural biologicals market outlook for new products. The specialists believe that agriculture is much more precise with smart farming technologies. It is now possible to carry out uninterrupted screening of the pest occurrences, the health of the crops, and the soil as well. Thus, there is less wastage of resources and enhanced efficiency as biologicals are applied better and in a more targeted manner. The need for food produced organically by consumers may be a major factor propelling this industry.
Global Market Size
USD 11 billion
Largest Segment
bio-pesticides
Fastest Growth
Bio-stimulants
Growth Rate
11.60% CAGR
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Global Agricultural Biologicals Market is segmented by Type, Source, Application, Crop Type and Region. Based on Type, the market is segmented into Bio-Pesticides, Bio-Stimulants, Bio-Fertilizers. Based on Source, the market is segmented into Microbials, Biorationals, Others. Based on Application, the market is segmented into Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables. Based on Crop Type, the market is segmented into Organic, Hybrid. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
As per categorization by type, the market is classified as bio-pesticides, bio-stimulants and bio-fertilizers. Among these, the bio-pesticides earned the largest share and continue to dominate the market. The global agricultural biologicals market is experiencing significant innovation and adoption of bio-pesticides, driven by increasing demand for sustainable farming practices and reduced chemical usage. These green substitutes improve pest control systems and discourage environmental pollution which caters to the health-focused consumers and controlling authorities. The biopesticides incomes earned from this segment of the market industry are the highest owing to their efficiency, harmlessness to the non-targeted species and the ability to comply with the organic farming standards. This change signifies a wider movement towards the sustainable use of farming resources thereby enhancing agricultural productivity and conserving the existing diversity in the countryside.
Bio-stimulants are poised to become the fastest-growing segment in the global agricultural biologicals market share due to their ability to enhance plant growth, improve nutrient uptake, and increase resilience against environmental stressors. Given the increasing food demand globally, which must be met without compromising the farmers’ capacity to produce higher yields and quality of crops sustainably, bio-stimulants seem to be a better option than chemical fertilizers. They have an organic composition that corresponds with the consumer preferences of organic foods that are on the rise. In addition to this, the rise in the marketing of green products has also encouraged the use of bio-stimulants. Moreover, the formulation technology improvements and the growing understanding of the importance of bio-stimulants in modern agriculture are enhancing their market growth, making them crucial in modern farming practices.
Analysis by Source
Recent developments within the global agricultural biologicals market, the fastest growing segment being microbial sources, are aimed at creating custom-made microbial products that promote soil and plant health. It is worth noting that these innovations are aimed at the use of beneficial bacteria and fungi for processes such as nutrients solubilization, providing disease protection or helping in the growth of plants. This sector is well developed, the use of microbials in crop production is widely practiced since it has contributed to the increase in food crop production and fertility of the soil with minimal use of synthetic fertilizers and pesticides. They promote organic farming and improving awareness of sustainable farming helps in their use hence they are considered as fundamental components in improving agriculture production without adversely affecting the environment.
Biorationals are set to emerge as the fastest-growing segment in the global agricultural biologicals market due to their effectiveness in pest management and crop protection while promoting sustainability. These items, comprising natural insect repellents, fungicides, and herbicides, are eco-friendly alternatives replacing traditional chemicals and hence are preferred by the environment concerned consumers and farmers. Due to the rising concerns of pesticide use such as pesticide resistance, the regulatory bodies on the other synthetic chemicals are creating a room for biorationals. Additionally, improvements in formulation technologies are increasing their efficiency and broaden their use in various agricultural practices, thus enhancing their contribution towards sustainable agriculture.
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North America is dominating the global agricultural biologicals market share due to a combination of advanced agricultural practices, strong regulatory frameworks, and increasing consumer demand for sustainable food production. Farmers in this region are implementing modern methods and biological approaches to increase productivity and decrease environmental harm. They are also committed to the preservation of the environment. There is also the presence of public and private funding which encourages the development of agricultural biology. The emergence of large-scale organic production and limitations on the use of synthetic agrochemicals in addition to the regulatory frameworks promotes the use of biologicals in this region making North America the most sophisticated, according to the global agricultural biologicals market forecast.
Europe is the fastest-growing region in the global agricultural biologicals market, driven by stringent environmental regulations and a strong consumer preference for organic and sustainably produced food. The European Union’s dedication toward cutting down on the use of chemical pesticides and encouraging environmentally friendly farming methods has triggered growth and investments in biological solutions. Furthermore, the growth of ecologically concerned consumers is forcing agricultural players to consume organic compliant products containing bio-based materials. The region’s strong R & D back up along with the synergies between academic and industrial players, greatly support the uptake of agricultural biologicals, making Europe a leader in progressive sustainable agricultural practices.
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Drivers
Increasing Demand for Sustainable Agriculture
Rising Incidence of Pesticide Resistance
Restraints
Regulatory Challenges
Efficacy Concerns
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In the global agricultural biologicals market, the competitive environment is marked by a lot of creativity and teamwork among the players. Corporation like Bayer Crop Science, Syngenta, BASF and Corteva Agriscience are spending a lot on research and carrying out their various projects to add to their product lines. Also, smaller companies like Marrone Bio Innovations and BioWorks have begun to offer specialized biological products. The focus in this market is increasingly on collaboration through partnerships, mergers and acquisitions to increase the range of products and the market.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global agricultural biologicals industry is expected to expand notably on account of increasing preference towards environmentally friendly farming practices and advanced techniques. Issues such as resistance to pesticides coupled with regulated practices are leading to the reliance of farmers on products such as bio-pesticides and bio-stimulants.
With the developments in technology such as AI and machine learning contributing to the improvements of the products, it is likely that the adoption of agricultural biologicals would increase. Considering the growing consumer awareness and demand for organic food products, the said segment of the market is fast becoming an essential part of agriculture in modern times where production doesn’t degrade the environment, or the food grown in it.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 11.28 Billion |
Market size value in 2032 | USD 23.15 Billion |
Growth Rate | 9.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Agricultural Biologicals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Agricultural Biologicals Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Agricultural Biologicals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Agricultural Biologicals Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15C2087
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