Agricultural Biologicals Market size to grow by USD 10,457.38 million from 2022 to 2027

NEW YORK, Aug. 5, 2023 /PRNewswire/ -- The global agricultural biologicals market size is projected to progress at a CAGR of 14.24% between 2022 and 2027. The size of the market is forecast to increase by USD 10,457.38 million during the forecast period. The increasing governmental support for the use of bio-based products in agriculture is a major driver for the growth of the market during the forecast period. The rising need for sustainable agricultural techniques has led to the adoption of bio-based products by farmers. Globally, there are many initiatives to encourage the use of bio-based products in agriculture. Governments of many nations are involved in quality control and make sure that agricultural producers receive high-quality bio-based products. Such initiatives increase the demand for bio-based products, driving the market's expansion. Additionally, governments in various nations give farmers discounts on bio-based products. These initiatives have increased the demand for bio-based products, driving the market's growth. It is expected 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, these factors will drive the market growth during the forecast period. For further information on Market growth and size -Request a sample report

Agricultural biologicals market trend - Increasing product launches

Increasing product launches in an emerging agricultural biologicals landscape is a primary trend shaping market growth. Farmers are increasingly in demand of agricultural biologicals, particularly biopesticides, and biostimulants, to reduce crop damage from pest infestations and increase crop production. Furthermore, the shrinkage of arable land in many nations, particularly in APAC and North America, has an influence on the demand for biopesticides. These factors have inspired numerous vendors to diversify their product offerings by releasing new agricultural biological variants. For instance, the launch of several bio fungicides in Europe and South America by Syngenta Crop Protection AG, in partnership with Novozymes, in 2020, under their commercialized portfolio TAEGRO. However, due to low entry barriers, the environmentally friendly nature of agricultural biologicals, consumer demand for high-quality food, and rising health consciousness among consumers, the demand for and introduction of agricultural biologicals are anticipated to rise, particularly in Europe and South America. Hence, these aspects will drive the growth of the market during the forecast period.

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Other Key Data Covered in Agricultural biologicals market report-

Detailed information on factors including driver details

Market segmentation by Type (Biopesticides, Biofertilizers, and Biostimulants), Application (Cereals and grains, Fruits and vegetables, Oilseeds and pulses, and Other crops), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Precise estimation of the agricultural biologicals market size and its contribution to the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Comprehensive analysis of factors that will challenge the growth of crowdfunding market vendors

A thorough analysis of the market's competitive landscape and detailed information about vendors

Growth of the industry across APAC, North America, Europe, Middle East and Africa, and South America

CAGR of the market during the forecast period

Download Sample Report to get an overview of market size, comparing historic market values with future estimates, analysis of segmentation, current market dynamics, competitive intelligence with key developments and growth strategies of major players.

Agricultural Biologicals Market 2023-2027: Company Analysis and Scope

To help businesses improve their market position, the agricultural biologicals market provides a detailed analysis of around 15+ vendors operating in the market. Some of these vendors include 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.Company Offerings

Agrinos AS - The company offers agricultural biologicals such as iNvigorate.

Andermatt Group AG - The company offers agricultural biologicals such as AlgoVital Plus and T-Gro.

BASF SE - The company offers agricultural biologicals such as Nemasys C.

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Agricultural Biologicals Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 14.24%

Market growth 2023-2027

USD 10,457.38 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.43

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key countries

US, China, Germany, France, and Spain

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

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

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.

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.

Table of Contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global agricultural biologicals market 2017 - 2021

4.2 Type Segment Analysis 2017 - 2021

4.3 Application Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments

6.2 Comparison by Type

6.3 Biopesticides - Market size and forecast 2022-2027

6.4 Biofertilizers - Market size and forecast 2022-2027

6.5 Biostimulants - Market size and forecast 2022-2027

6.6 Market opportunity by Type

7 Market Segmentation by Application

7.1 Market segments

7.2 Comparison by Application

7.3 Cereals and grains - Market size and forecast 2022-2027

7.4 Fruits and vegetables - Market size and forecast 2022-2027

7.5 Oilseeds and pulses - Market size and forecast 2022-2027

7.6 Other crops - Market size and forecast 2022-2027

7.7 Market opportunity by Application

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 North America - Market size and forecast 2022-2027

9.4 Europe - Market size and forecast 2022-2027

9.5 APAC - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 Germany - Market size and forecast 2022-2027

9.10 France - Market size and forecast 2022-2027

9.11 China - Market size and forecast 2022-2027

9.12 Spain - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Agrinos AS

12.4 Andermatt Group AG

12.5 BASF SE

12.6 Bayer AG

12.7 Biological Products Industry Alliance

12.8 Evogene Ltd.

12.9 Gowan Co.

12.10 Koppert

12.11 Marrone Bio Innovations Inc.

12.12 Mitsui and Co. Ltd.

12.13 Novozymes AS

12.14 PROBELTE SAU

12.15 Syngenta Crop Protection AG

12.16 UPL Ltd.

12.17 Valent BioSciences LLC

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

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