Global Agricultural Biologicals Market

Agricultural Biologicals Market Size, Share, Growth Analysis, By Type (Bio-Pesticides, Bio-Stimulants), By Source (Microbials, Biorationals), By Application (Cereals & Grains, Oilseeds & Pulses), By Region -Industry Forecast 2024-2031)

Report ID: SQMIG15C2082 | Region: Global | Published Date: November, 2024
Pages: 176 | Tables: 88 | Figures: 71

Agricultural Biologicals Market News

  • In July 2024, Corteva Agriscience publicized the introduction of its new bio-based fungicide, which is aimed at increasing crop protection against different pathogens. It uses naturally available microorganisms, thus providing farmers a much eco-friendlier option than the conventional chemical approach and aims at improving the health of the environment and the productivity of the farmers.
  • In August 2024, BASF has come up with a new series of bio-stimulants designed to promote crop resilience and productivity under stress conditions. These products use the beneficial properties of microorganisms to improve nutrient absorption and boost crop production, justifying the present call for sustainable agricultural practices owing to the effects of climate change.
  • In September 2024, Syngenta introduced a revolutionary microbial product aimed at promoting soil health. This development is directed at improving soil microbiomes for the purpose of improving nutrient availability in crops and promoting sustainable agriculture practices. The objective of the product is to provide farmers with resources which increase the productivity of the farm with a considerate reduction in chemical and environmental damage.
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Global Agricultural Biologicals Market size was valued at USD 10.31 Billion in 2022 poised to grow from USD 11.28 Billion in 2023 to USD 21.16 Billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).

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. 'Bayer CropScience (Germany)', 'Syngenta (Switzerland)', 'BASF (Germany)', 'Corteva Agriscience (USA)', 'FMC Corporation (USA)', 'Arysta LifeScience (Japan)', 'Marrone Bio Innovations (USA)', 'BioWorks (USA)', 'Novozymes (Denmark)', 'Valagro (Italy)', 'Adama Agricultural Solutions (Israel)', 'Koppert Biological Systems (Netherlands)', 'Biobest Group (Belgium)', 'AgBiome (USA)', 'Greenwave (USA)'

The increasing focus on environmental sustainability is a key driver for the global agricultural biologicals market. Due to concerns regarding the safety of synthetic chemicals, both consumers and farmers are looking for biological products more seriously. This scenario is further reinforced by the existence of government structures that encourage organic farming and sustainable development which in turn leads to increased global agricultural biologicals market growth prospects.

Rise of Integrated Pest Management Solutions: The global agricultural biologicals industry is exhibiting a propensity towards integrated pest management systems (IPMs) where biologicals are paired with other existing practices. Such strategies help in effectiveness of pest management, lowering the reliance on chemicals, and hence supporting practices in agriculture that are of high demand from customers who prefer such farming methods.

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.

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Global Agricultural Biologicals Market

Report ID: SQMIG15C2082

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