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