Agricultural Biological Market Size, Share & Trends Report

Agricultural Biological Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

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  • Report ID: GVR1185
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Global agricultural biological market is likely to witness significant growth due to rising demand for bio-based products in the agricultural sector. Government regulations supporting use of bio-based products for agriculture and rising global food demand is expected to drive market growth over the forecast period. In addition, high yield and improved nutrition content in plants is anticipated to augment market growth. Furthermore, agricultural biologicals assist farmers in increasing yield and reducing plant stress which is likely to augment market growth. Agricultural biologicals are primarily used as a part of integrated pest management (IPM) to produce innovative synthetic crop chemistries. Moreover, they provide protection against weeds, insects and pests which is likely to increase market demand.

Agricultural biological market is segmented into biopesticides, biostimulants and biofertilizers. Agricultural biopesticides had the largest market share in 2013 followed by biofertilizers and biostimulants. They are extremely helpful in dealing with the harmful pests and in addition to this, poses no risk to the environment. The safety measures provided by the biopesticides leads to increase in the quality and the yield of agricultural produce. It also provides a better substitution for the synthetic chemical fertilizer, which causes hazardous problems to the environment and human, and alleviates fear of bioaccumulation and biomagnification of harmful chemicals. Increasing environmental awareness and the move to substitute the chemical fertilizers are expected to provide a major boost to the biopesticides market. Biopesticides is anticipated to be the fastest growing market owing to high yield of harvest and improved health benefits. Lack of awareness regarding benefits of bio-based agricultural products among farmers and high cost compared to chemical fertilizers pose as major restrains for the agricultural biological market.

Europe and North America held the largest market share for the agricultural biological market in 2013. Furthermore, Europe is expected to be the fastest growing market over the forecast period owing to regulations supporting the use of bio-based products. North America market, led by U.S., is anticipated to grow significantly owing to rising demand for organic farm produce and stringent regulations against the use of chemical fertilizers. Moreover, ban on cosmetic fertilizers particularly in Canada is expected to augment the market growth. Asia Pacific is likely to observe sluggish growth due to lack of knowledge among farmers regarding the benefits of bio-based agricultural products. In addition, low cost of chemical fertilizers as compared to bio-fertilizers is anticipated to further decline the market growth. Global agricultural biologicals market is dominated by few large agrochemical companies focusing on bio-based agricultural products in order to expand business in the target market. Key players include BASF, Monsanto, Bayer CropScience, Marrone Bio Innovations Inc., Novozymes A/S, Valent BioScience Corporation, Certis U.S.A and Agrinos AS.

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