According to the research report, the global agricultural biologicals market in 2019 was approximately USD 7.2 billion. The market is expected to grow at a CAGR of 9.4% and is anticipated to reach around USD 13.5 billion by 2026.
Agricultural biologicals are a form of crop protection that is derived from natural materials. There increasing demand for supreme quality crops globally has led to the development of crops that can resist pest attacks to some extent with the help of agricultural biologicals hence driving the global market. Environmental damage caused due to the use of large quantities of harmful chemicals for crop protection is creating a demand for biological products that can replace the harmful chemicals hence boosting the global agricultural biologicals market. Also, stringent government rules and regulations on the use of chemical fertilizers in the agriculture sector are anticipated to boost the agricultural biologicals market.
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Industry Major Market Players
- Isagro S.P.A.
- Bayer AG
- Marrone Bio Innovations
- Vegalab S.A.
- Valent Biosciences
- Biolchim S.P.A.
- Biobest Group Nv
- Agrinos Inc.
- CBF China Bio-Fertilizer AG
- Mapleton Agri Biotec
- Symborg S.L.
- BASF SE
- Syngenta Crop Protection AG
- Evogene Ltd
- Stockton Bio-AG
- Rizobacter Argentina SA
- Koppert Biological Systems
- ermatt Biocontrol AG
- Verdesian Life Sciences LLC
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The global agricultural biologicals market is segmented based on product type, crop type, application, and region. The biopesticides category under product type segmentation dominated the segment in 2019 with a market share of more than 55% and is anticipated to grow with a steady CAGR in the forecast period. This growth can be attributed to the increasing use of biopesticides in North America and Europe for turfs, soil, and foliage. Cereals & grains under crop type segmentation dominated the segment in 2019 with a market share of more than 40% in 2019 due to the increasing demand for crops such as corn, wheat, millet, rice, and barley across the globe. The seed treatment category under application segmentation dominated the segment in 2019 with a market share of around 23% due to the growing demand for agricultural biologicals to enhance seed properties to boost crop yields.
The agricultural biologicals market research report delivers an acute valuation and taxonomy of the agricultural biologicals industry by practically splitting the market on the basis of different product types, crop types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the agricultural biologicals industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the agricultural biologicals industry is provided for the leading economies of the world.
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The agricultural biologicals market is segmented based on product type, crop type, and application. On the basis of product type segmentation, the market is classified into biopesticides, biostimulants, biofertilizers, and others. In terms of crop type segmentation, the market is bifurcated into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. On the basis of application segmentation, the market is classified into foliar spray, seed treatment, soil treatment, and post-harvest.
North America region dominated the global agricultural biologicals market in 2019 with a market share of around 35% and is anticipated to continue its dominance in the forecast period. The growth of the agricultural biologicals market in the North America region is attributed to the ever-improving agricultural activities such as technological advancements, favorable government regulations, improving farming techniques, and continuous research and development initiatives. The Asia Pacific region is anticipated to grow with the fastest CAGR in the forecast period due to the emerging agriculture sector in countries such as India, South Korea, the Philippines, Japan, and Thailand. The growing trend of consumer preference for organic products along with supportive government initiatives is anticipated to further boost the market in the Asia Pacific in the forecast period.
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This report segments the agricultural biologicals market as follows:
Global Agricultural Biologicals Market: By Product Type Segmentation Analysis
Global Agricultural Biologicals Market: By Crop Type Segmentation Analysis
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
Global Agricultural Biologicals Market: By Application Segmentation Analysis
- Foliar Spray
- Seed Treatment
- Soil Treatment
Key Insights from Primary Research
- The global agricultural biologicals market is anticipated to grow annually at a rate of around 9.4%
- It was established through primary research that the market generated revenue of around USD 7.2 billion in 2019
- The “Biopesticides” category, based on product type segmentation, was the leading revenue-generating category in 2019
- The “Cereals & Grains” category, based on crop type segmentation, was the leading revenue-generating category in 2019
- The “Seed Treatment” category, based application segmentation, was the leading revenue-generating category in 2019
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