Agricultural Biologicals Market: Latest Trends & Industry Vision
by Mit K. SEOAccording to the new market research report "Agricultural Biologicals Market by
Function (Biocontrol, Biofertilizers, Biostimulants), Product Type (Microbials,
Macrobials, Semiochemicals, Natural), Mode of Application (Foliar spray, Soil
and Seed treatment), Crop Type, and Region - Global Forecast to 2025",
published by MarketsandMarkets™, the Agricultural Biologicals Market size is
estimated to account for a value of USD 8.8 billion in 2019 and
is projected to grow at a CAGR of 13.6% to reach a value of USD 18.9 billion by
2025. Factors such as the increasing trend of sustainable agriculture in the
global market, low residue levels, and supportive regulations are the key
factors driving the growth of the agricultural biologicals market. Expansions,
new product launches, and agreements were the dominant strategies adopted by
key players to capitalize on the strong market potential.
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=100393324
By function, the biocontrol segment is
estimated to account for the largest market share, in terms of value, in 2018
The
product portfolio of major companies operating in the agricultural biologicals
market is more focused on biocontrols due to the high demand for
bioinsecticides and biofungicides for integrated pest management in developed
countries. The major advantages of integrated pest management are that these
are usually inherently less or not toxic than others affecting only the target
pest and closely related organisms, effective in micro-quantities, and quickly
kill.
Browse in-depth
TOC on "Agricultural Biologicals
Market"
100 – Tables
47 – Figures
185 – Pages
The microbial segment, on the basis of
product type, is estimated to account for the largest share in the agricultural
biologicals market, in terms of value, in 2018
The
major market share of the microbials segment is attributed to the high usage of
microbes in the production of biopesticides and biofertilizers, as they provide
essential benefits to crops in terms of efficiency and productivity. Microbes
are easy to find and cultivate on a large-scale.
The foliar spray segment, on the basis of
mode of application, is estimated to account for the largest share in the
agricultural biologicals market, in terms of value, in 2018
The
agricultural biologicals market, by mode of application, was dominated by the
foliar spray segment. Foliar application helps increase nutrient supply during
the early growth stages when the root system is not well-developed. Also, the
volume required for foliar application is low as compared to soil application.
Farmers use the foliar mode of application to apply fertilizers on crops such
as apple, grapes, pomegranate, and okra.
By crop type, the fruits & vegetables
segment is estimated to account for the largest market share, in terms of
value, in 2018
The
fruits & vegetables segment is projected to be the largest segment in the
market. Fruits & vegetables are high-value crops and require higher
nutrition during their growth stages. This is projected to drive the markets
for biopesticides and biofertilizers, which are cheaper as compared to
synthetic pesticides and fertilizers. In addition, farmers in the Asia Pacific,
North American, and European regions are witnessing a rise in demand for
organic agricultural products. This has encouraged the demand for agricultural
biologicals in fruit & vegetable cultivation.
Speak to Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=100393324
North America is projected to grow at the highest
CAGR during the forecast period
The
North American region accounted for the largest share in the market. This
market is projected to grow at the highest CAGR during the forecast period. The
largest share of the North American region is attributed to its high-end
R&D infrastructure and the high number of patents received for
biopesticides and biostimulants by companies based in the region.
This
report includes a study on the marketing and development strategies, along with
a survey of the product portfolios of the leading companies operating in the
agricultural biologicals market. It includes the profiles of leading companies,
such as BASF SE (Germany),
Syngenta (Switzerland),
Marrione Bio Innovation (US), Isagro (Italy), UPL (India), Evogene (Israel),
Bayer (Germany),
Vegalab (US), Valent (US), Stockton (Israel),
Biolchim (Italy),
Rizobacter (Argentina),
Valagro (Italy),
Koppert Biological Systems (Netherlands),
Lallemand (Canada),
Symborg (Spain),
Andermatt Biocontrol (Switzerland),
Seipasa (Spain),
and Verdasien Life Sciences (US).
About MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies'
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Our
850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high
growth markets following the "Growth Engagement Model – GEM". The GEM
aims at proactive collaboration with the clients to identify new opportunities,
identify most important customers, write "Attack, avoid and defend"
strategies, identify sources of incremental revenues for both the company and
its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this year
for their revenue planning and help them take their innovations/disruptions
early to the market by providing them research ahead of the curve.
MarketsandMarkets's
flagship competitive intelligence and market research platform, "Knowledge
Store" connects over 200,000 markets and entire value chains for deeper
understanding of the unmet insights along with market sizing and forecasts of
niche markets.
Contact:
Mr. Aashish
Mehara
MarketsandMarkets™
INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA:
+1-888-600-6441
Sponsor Ads
Created on Jan 18th 2021 07:43. Viewed 337 times.