Agricultural Biologics Market Size, Share, Growth Analysis, By Crop Type(Cereals & Grains, Oilseeds & Pulses), By Product(Biopesticides, Biostimulants), By Application(Foliar Spray, Seed Treatment, Soil Treatment, Post-Harvest), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Agricultural Biologics Market?

Global Agricultural Biologics Market size was valued at USD 10.25 billion in 2021 and is poised to grow from USD 11.69 billion in 2022 to USD 33.52 billion by 2030, growing at a CAGR of 14.1% in the forecast period (2023-2030).

Report ID: SQMIG30H2072 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 89 | Figures: 76

Agricultural Biologics Market Dynamics

Drivers

Transformation in agricultural inputs to drive market growth

The environment of agricultural inputs has undergone a significant transition, which is driving the global industry. Food security and public health are two factors that are inextricably linked, and there have been concerted efforts made worldwide by all agri-food industry players to promote sustainable food production. Worldwide usage of plant protection products (PPPs) has doubled, despite a decline in traditional (synthetic) PPP manufacturing due to strict regulations and a growing interest in environmentally friendly food production.

Restraints

Lack of well-defined government guidelines may hinder market growth

For legal, governmental, or economic purposes, there is still no single definition that is universally recognized. The word "plant biostimulant," for instance, has been in use since at least 1997. For legal, governmental, or economic purposes, there is still no solitary definition that is universally recognised. Similar to biopesticides, which have been used commercially for more than 60 years, there are currently no established endpoints for risk assessments. In some markets, regulators and risk assessors also lack the necessary competence

Agricultural Biologics Market Report Snapshots

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FAQs

Agricultural Biologics Market size was valued at USD 10.25 billion in 2021 and is poised to grow from USD 11.69 billion in 2022 to USD 33.52 billion by 2030, growing at a CAGR of 14.1% in the forecast period (2023-2030).

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: 'Bayer AG', 'Syngenta AG', 'BASF SE', 'Corteva Agriscience', 'Marrone Bio Innovations, Inc.', 'Valent Biosciences Corporation', 'Certis USA LLC', 'Koppert Biological Systems', 'Bioworks Inc.', 'Isagro S.p.A.', 'Andermatt Biocontrol AG', 'Symborg S.L.', 'Lallemand Plant Care', 'Bioiberica S.A.U.', 'Biostadt India Limited', 'Stockton Group', 'AGBL Group', 'Biolchim S.p.A.', 'Italpollina S.p.A.', 'Seipasa S.A.'

The environment of agricultural inputs has undergone a significant transition, which is driving the industry. Food security and public health are two factors that are inextricably linked, and there have been concerted efforts made worldwide by all agri-food industry players to promote sustainable food production. Worldwide usage of plant protection products (PPPs) has doubled, despite a decline in traditional (synthetic) PPP manufacturing due to strict regulations and a growing interest in environmentally friendly food production.

Biopesticides are becoming more and more popular among growers who are embracing integrated pest management strategies and are drawn to employing clever and sustainable methods for preserving their crops because of their high effectiveness and environmental friendliness.

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.

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Agricultural Biologics Market Size, Share, Growth Analysis, By Crop Type(Cereals & Grains, Oilseeds & Pulses), By Product(Biopesticides, Biostimulants), By Application(Foliar Spray, Seed Treatment, Soil Treatment, Post-Harvest), By Region - Industry Forecast 2024-2031

Agricultural Biologics Market Dynamics

Agricultural Biologics Market Report Snapshots

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