Unlocking Growth in the Agricultural Biologicals Market: Trends, Insights, and Opportunities
The Global Agricultural Biologicals Market was valued at USD 9.26 billion in 2021 and is projected to reach approximately USD 29.29 billion by 2030. This growth reflects a compound annual growth rate (CAGR) of 14.30% from 2021 to 2030, according to a recent study by Spherical Insights & Consulting.
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The term "agricultural biologicals" describes naturally occurring microorganisms sourced from plants that effectively protect crops from various diseases and pests that can lead to plant death. Beyond disease defense, these biological methods can enhance crop fertility and overall yield. They play a crucial role in integrated pest management strategies. These products can be used alongside chemical pest control agents and other plant protection products to achieve optimal crop protection and prevent plant diseases.
Browse 53 market data tables and 48 figures spread through 263 pages and in-depth TOC on “Global Agricultural Biologicals Market Size , Share, and COVID-19 Impact Analysis, By Function Type (Biopesticides, Biostimulants, and Biofertilizers), By Source (Microbial, Natural Products, and Biochemicals), By Application Method (Foliar Spray, Soil Treatment, Seed Treatment, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030”
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Increasing Demand for Natural and Environmentally Friendly Products Drive Market Growth?
The agricultural biologicals market is primarily driven by consumers' increasing awareness of the benefits of organic farming, leading to a rising demand for natural and environmentally friendly products in agriculture. In the coming years, the market is also expected to benefit from the rising costs of fertilizers and pesticides. Government initiatives, such as subsidies and promotional campaigns encouraging sustainable farming practices, are further supporting market growth during this period. Additionally, these products help reduce plant stress, enabling farmers to enhance output and productivity, which is a significant factor contributing to the expansion of the agricultural biologicals market.
The slow adoption of bio-based agricultural products poses a significant challenge to the global agricultural biological market.
Agricultural biologicals are often perceived as less effective than their chemical counterparts in controlling insects and fungi. Furthermore, these bio-pesticides can be more complex to apply and may require greater technical knowledge from users. Additionally, agricultural biologicals are generally more susceptible to unfavorable environmental conditions compared to traditional chemical pesticides, which can further hinder their adoption.
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The Global Agricultural Biologicals Market is segmented into several categories: Function Type, Source, Application Method, and Region.
AGRICULTURAL BIOLOGICALS MARKET: REGIONAL INSIGHTS??
The Global Agricultural Biologicals Market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.???
The North America region leads the global agricultural biologicals market, driven by the increasing demand for biological products fueled by a growing interest in organic farming. The U.S. Environmental Protection Agency (EPA) has enhanced the efficiency of biopesticide registration through updated testing methodologies and clear guidance documents, resulting in over 430 biopesticide ingredients currently available in the country.
Europe ranks as the second-largest market for agricultural biologicals during the forecast period. The region boasts organic farmland that is twice the size of conventional farmland, with over 7% of total agricultural land dedicated to organic farming. In the past decade, organic agriculture in Europe has grown by 70%, with more than 250,000 farms engaged in organic harvesting. Germany holds the largest retail market for organic produce in Europe, followed by France, Italy, and the U.K.
Competitive Landscape
The COVID-19 pandemic significantly disrupted supply chains in the food and agricultural sectors. However, the industry's resilience—driven by the adaptability of producers, supply chain participants, and retailers, along with swift government responses—helped mitigate the economic impact. According to the OECD (Organization for Economic Co-operation and Development), governments in 54 developed and emerging countries implemented nearly 800 measures to prevent further disruptions, support affected producers and consumers, and facilitate recovery in production activities. While the agricultural biologicals market is expected to experience a short-term decline due to the pandemic, the focus on maintaining stable supply chains, sustainable crop production, and food security is likely to boost investment in agricultural biologicals in the long run.
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AGRICULTURAL BIOLOGICALS MARKET: RESTRAINT? ? ? ? ? ? ? ? ? ? ? ? ? ????????
Low Adoption Rate of Bio-Based Agricultural Products Hamper Market Growth
The low adoption rate of bio-based agricultural products is major obstacle to the growth of the worldwide agricultural biological market. Compared to their chemical counterparts, agricultural biologicals are less effective in controlling insects and fungi, among other things. In addition to being more difficult to use than traditional pesticides, bio pesticides may also demand more technical knowledge from the user. Additionally, compared to chemical pesticides, agricultural biologicals, such as bio-pesticides, are more vulnerable to unfavorable environmental circumstances. ?
AGRICULTURAL BIOLOGICALS MARKET: SEGMENTATION INSIGHT????
The Global Agricultural Biologicals Market is segmented by Function Type, Source, Application Method, and Region. Based on the Function Type, the market is categorized into Biopesticides, Biostimulants, and Biofertilizers. Based on Source, the market is categorized into Microbial, Natural Products, and Biochemicals. Based on Application Method, the market is categorized into Foliar Spray, Soil Treatment, Seed Treatment, and Others. Based on the Region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. ?
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