Agricultural Biologicals Market by Product, Application, and Geography - Forecast and Analysis 2021-2025
- Published: Apr 2021
- Pages: 120
- SKU: IRTNTR43832
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The agricultural biologicals market has the potential to grow by USD 10.23 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 14.61%.
This agricultural biologicals market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (biopesticides, biostimulants, and biofertilizers), geography (North America, Europe, APAC, South America, and MEA), and Application (Cereals and grains, Fruits and vegetables, Oilseeds and pulses, and Other crops). The agricultural biologicals market report also offers information on several market vendors, including Agrinos AS, BASF SE, Bayer AG, Certis USA LLC, Evogene Ltd., Isagro Spa, Novozymes AS, Syngenta AG, UPL Ltd., and Valent BioSciences LLC among others.
What will the Agricultural Biologicals Market Size be in 2021?
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Agricultural Biologicals Market: Key Drivers and Trends
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing prices of chemical fertilizers and pesticides is notably driving the agricultural biologicals market growth, although factors such as lack of awareness on agricultural biologicals may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the agricultural biologicals industry get your FREE report sample now.
- The increasing prices of chemical fertilizers and pesticides feature as a key driver for the global agricultural biologicals market.
- The rise in demand for food has led to extensive use of chemicals in agricultural practices, which ensure an increase in crop yield. However, the increased crop yield is coupled with the negative impacts of the chemicals on crops.
- The consumption of fertilizers is increasing year by year.
- Due to an upsurge in the price of chemical fertilizers and pesticides, many farmers are shifting toward agricultural biologicals such as biofertilizers. This implies a positive growth trend in the global agricultural biologicals market during the forecast period.
This agricultural biologicals market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
Who are the Major Agricultural Biologicals Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Agrinos AS
- BASF SE
- Bayer AG
- Certis USA LLC
- Evogene Ltd.
- Isagro Spa
- Novozymes AS
- Syngenta AG
- UPL Ltd.
- Valent BioSciences LLC
The agricultural biologicals market is fragmented and the vendors are deploying growth strategies such as the adoption of the practice of sustainability, which is essential for the development of futuristic production techniques, to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the agricultural biologicals market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Agricultural Biologicals Market?
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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for agricultural biologicals market in North America. Market growth in this region will be slower than the growth of the market in other regions.
Growing demand for organic farm products and stringent regulatory structures on the use of chemical fertilizers will facilitate the agricultural biologicals market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Revenue-generating Product Segments in the Agricultural Biologicals Market?
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The market of biopesticides contains both large and small firms. Europe, especially countries such as France and Germany, is a high-growth market for biopesticides and is anticipated to be a high-growth market over the forecast period. Since biopesticides are better alternatives to chemical pesticides because they are derived from natural resources such as bacteria and minerals, their use is expected to gain traction in the coming years. This is expected to drive the agricultural biologicals market growth.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the agricultural biologicals market size.
What are the Key Factors Covered in this Agricultural Biologicals Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive agricultural biologicals market growth during the next five years
- Precise estimation of the agricultural biologicals market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the agricultural biologicals industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of agricultural biologicals market vendors
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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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Increasing prices of chemical fertilizers and pesticides
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