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)

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).

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.