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The agricultural biologicals market size is forecast to increase by USD 10.45 billion between 2022 and 2027, accelerating at a CAGR of 14.24%. In 2017, the US held the largest market share, projecting an annual revenue of USD 1.99 billion. The report offers extensive research analysis on the Agricultural Biologicals Market, with a categorization based on Type, including Biopesticides, Biofertilizers, and Biostimulants. It further segments the market by Application, encompassing Cereals and grains, Fruits and vegetables, Oilseeds and pulses, and Other crops. Additionally, the report provides geographical segmentation, covering North America, Europe, APAC, South America, and Middle East and Africa. Market size, historical data (2017-2021), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
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The increasing governmental support for the use of bio-based products in agriculture is notably driving market growth. The rising need for sustainable agricultural techniques has led to the adoption of bio-based products by farmers. Worldwide, there are many initiatives to encourage the use of bio-based products in agriculture. International organizations, including the Food and Agriculture Organization, frequently fund these programs. In addition, governments in various nations give farmers discounts on bio-based products. Also, they are involved in quality control and make sure that agricultural producers receive high-quality bio-based products. These initiatives have increased the demand for bio-based products, driving the market's expansion.
The promotion of agricultural biologicals is being carried out by the governments. Programs for farm-level extension and promotion, financial aid for investors setting up businesses, sales subsidies, and direct production in public sector settings like cooperatives, universities, and research institutions are a few examples. It is anticipated that the sales volume and distribution of agricultural biologicals will increase as the industry grows and develops with the help of such government initiatives. Hence, such factors will fuel the market growth during the forecast period.
The biopesticides segment was valued at USD 4,520.10 million in 2017 and continued to grow until 2021. Biopesticides fall into three categories namely biochemical pesticides, microbial pesticides, and plant-incorporated protectants. Biochemical pesticides are naturally occurring substances that keep pest populations under control through non-toxic means, such as interfering with pest reproduction and luring pests with scented plants. Microorganisms like bacteria, fungi, or protozoa are used as active ingredients in microbial pesticides. The target pests for these active ingredients are distinct. GM plants that produce pesticides are known as plant-incorporated protectants. Europe, especially countries such as France and Germany, is a high-growth market for biopesticides and is anticipated to be a high-growth market during the forecast period.
North America is estimated to contribute 36% to the growth of the global market during the forecast period. The market in North America is expected to expand significantly as a result of increasing consumer demand for organic farm products and strict regional regulations on the use of chemical fertilizers. It is anticipated that the ban on cosmetic fertilizers, particularly in Canada, will spur market expansion. Agricultural biologicals are primarily used in the region's cereals and grains. Moreover, due to rising consumer interest in organic products, the market for organic goods in North America is expanding rapidly. The US, followed by Canada and Mexico, is North America's biggest market for agricultural biologicals. The US market is driven by innovations in crop seed treatment techniques, particularly for corn, maize, wheat, and soybean. The quality of seeds has increased due to quick advancements in inoculant technology, which has also produced a wide range of modified crops.
A high CAGR in North America has been largely attributed to the adoption of efficient agricultural inputs and organic farming. Additionally, the strict regulatory framework regarding the maximum residue level and rising prices of agricultural inputs like chemical fertilizers and pesticides are credited with driving market expansion in the region. Therefore, the above-mentioned factors are expected to propel the growth of the market in North America during the forecast period.
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The Agricultural Biologicals Market is fragmented in nature. Some significant players include Agrinos AS, Andermatt Group AG, BASF SE, Bayer AG and Biological Products Industry Alliance
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Evogene Ltd., Gowan Co., Koppert, Marrone Bio Innovations Inc., Mitsui and Co. Ltd., Novozymes AS, PI Industries Ltd., SEIPASA SA, SOM Phytopharma India Ltd., Syngenta Crop Protection AG, T.Stanes and Co. Ltd., UPL Ltd., Valent BioSciences LLC, Vegalab SA, and PROBELTE SAU
The agricultural biologicals market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
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Agricultural Biologicals Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base year |
2022 |
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Historic period |
2017 - 2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.24% |
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Market growth 2023-2027 |
USD 10.45 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
12.43 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 36% |
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Key countries |
US, China, Germany, France, and Spain |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Agrinos AS, Andermatt Group AG, BASF SE, Bayer AG, Biological Products Industry Alliance, Evogene Ltd., Gowan Co., Koppert, Marrone Bio Innovations Inc., Mitsui and Co. Ltd., Novozymes AS, PI Industries Ltd., SEIPASA SA, SOM Phytopharma India Ltd., Syngenta Crop Protection AG, T.Stanes and Co. Ltd., UPL Ltd., Valent BioSciences LLC, Vegalab SA, and PROBELTE SAU |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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