USD 10.25 billion
Report ID:
SQMIG30H2072 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
89
|Figures:
76
Agricultural Biologics Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 14.1% during the forecast period (2025-2032).
The industry is anticipated to be significantly influenced by the growing demand for foods produced through organic farming. Agricultural biologicals, usually referred to as biologics, are important instruments for crop productivity and protection that are made from natural resources. These goods aid in the defense of plants against pests and are rapidly being used into contemporary farming methods. These goods have been used by numerous agricultural communities all over the world to establish sustainable farming.
One of the largest consumers worldwide is the United States. The rising need for safer and greener crop protection technology is what is driving the market in the nation. When it comes to product approvals and modifying laws to improve market penetration, the country's regulatory bodies have demonstrated increasing involvement. The country's market expansion is also anticipated to benefit from an increase in mergers and acquisitions as well as partnerships for research and new product development.
Global Market Size
USD 10.25 billion
Largest Segment
Cereals & Pulses
Fastest Growth
Cereals & Pulses
Growth Rate
14.1% CAGR
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Global agricultural biologics market is segmented on the basis of crop type, product, application, and region. By crop type, the market is segmented into cereals & grains, oilseeds & pulses. By product, the market is segmented into biopesticides and biostimulants. By application the market is segmented into foliar spray, seed treatment, soil treatment, post-harvest. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Application
The seed treatment segment dominated the global agricultural biologics and is anticipated to maintain its dominance throughout the forecast period. This growth is attributable to broad adoption of biologicals in improving seed qualities to boost crop productivity. The majority of biofertilizer applications include soil and seed treatment. Over the past few years, all major agrarian economies have experienced a significant decline in soil quality due to the aggressive use of synthetic fertilisers and a variety of other crop care chemicals, such as herbicides and insecticides.
To counteract the environmental harms brought on by increased chemical use in farming, many governments have imposed regulations on the agricultural sector. These regulations are anticipated to reflect a positive growth trend for biofertilizers in a variety of seed and soil applications around the world. Several initiatives have been developed by the governments of China, India, and Pakistan to encourage the use of environmentally friendly materials for seed treatment at the domestic level.
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North America region dominated the agricultural biologics in 2022 and is expected to maintain its dominance throughout the forecast period. Due to the substantial presence of international agricultural product manufacturing enterprises, with the majority of the manufacturers centred in the U.S., the region will continue to grow at a solid CAGR throughout the predicted years. The expansion is also credited to the region's agricultural practises, which are continually changing due to technology advancements, ongoing research & development, and government policies that support sustainable farming practices.
The second-largest regional market is in Europe. The amount of organic farmlands in the region is double that of conventional farmlands, accounting for close to 7% of the total agricultural land in the region. Over the last ten years, organic farming has increased by 70% in Europe, and more than 250,000 farms are engaged in organ harvesting. Germany is the largest European retail market for organic produce, followed by France, Italy, and the U.K.
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Drivers
Transformation in agricultural inputs to drive market growth
Restraints
Lack of well-defined government guidelines may hinder market growth
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Large manufacturers constantly prioritise new product developments, agreements, mergers, and acquisitions (M&A), and collaborations to interact with the largest number of potential customers at the lowest possible distribution cost. To maintain their market position, companies like Bayer CropScience and BASF SE are integrating their activities throughout the value chain. In order to assure increased market reach and establish themselves in the market, new sector participants are concentrating on creating long-term relationships with local and regional farming communities. Leading companies in the market for agricultural biologics include:
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, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global agricultural biologics market analysis, numerous pulses' rapid growth can be attributed to symbiotic performance, which is demonstrated by strain productivity and host genotype. The pulse yield increases with synergistic performance. As a result of the actions being taken by numerous agricultural organizations to assure high microbial strain testing for enhanced production of pulses and oilseeds, it is projected that demand for different biological agents in this spectrum will expand over the course of the forecast period.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 10.25 billion |
Market size value in 2031 | USD 33.52 billion |
Growth Rate | 14.1% |
Forecast period | 2024-2031 |
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 Biologics 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 Biologics 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 Biologics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Agricultural Biologics 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: SQMIG30H2072
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