NEW
YORK, July 15, 2024 /PRNewswire/ -- The
global agricultural biologicals market size is estimated
to grow by USD 13.55 billion
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of almost 15.89% during the forecast
period. Increasing prices of chemical fertilizers and
pesticides is driving market growth, with a trend
towards increasing use of sustainable products for plant
growth. However, lack of awareness of agricultural biologicals
poses a challenge. Key market players include Agrinos AS,
Andermatt Group AG, BASF SE, Bayer AG, Biological Products Industry
Alliance, Evogene Ltd., Gowan Co., Koppert, Mitsui and Co. Ltd.,
Novozymes AS, PI Industries Ltd., Pro Farm Group Inc., PROBELTE
SAU, SEIPASA SA, SOM Phytopharma India Ltd., Syngenta Crop
Protection AG, T.Stanes and Co. Ltd., UPL Ltd., Valent BioSciences
LLC, and Vegalab SA.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
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)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Agrinos AS, Andermatt
Group AG, BASF SE, Bayer AG, Biological Products Industry Alliance,
Evogene Ltd., Gowan Co., Koppert, Mitsui and Co. Ltd., Novozymes
AS, PI Industries Ltd., Pro Farm Group Inc., PROBELTE SAU, SEIPASA
SA, SOM Phytopharma India Ltd., Syngenta Crop Protection AG,
T.Stanes and Co. Ltd., UPL Ltd., Valent BioSciences LLC, and
Vegalab SA
|
Key Market Trends Fueling Growth
Agricultural biostimulants are essential formulations applied to
plants or soils to enhance crop yields, vigor, and quality. These
biostimulants work by improving a plant's metabolism, increasing
yield, and boosting crop resistance to stresses. Biostimulants come
in both natural and synthetic forms. Natural biostimulants include
substances like amino acids, seaweeds, bacteria, chitosan, yeast,
and phytohormones, along with plant-growth regulators such as
synthetic hormones, essential elements, inorganic salts, and
phenolic compounds. In the context of sustainable agriculture,
these biostimulants play a crucial role in the production of
medicinal plants. By enhancing secondary metabolites synthesis and
increasing biomass production, they contribute significantly to the
growth of the agricultural biostimulants market in the forecast
period.
The Agricultural Biologicals market is experiencing significant
growth in various industrial sectors due to the increasing demand
for eco-friendly medicines and essential businesses in food
production. The international travel restrictions have affected
agri-exports, leading to a decline in trade. However, the essential
nature of agricultural biologicals ensures continuity in food
supply. Producers are shifting from synthetic counterparts to
eco-friendly pesticides, including Arbuscular Mycorrhizal Fungi, to
mitigate risks and improve yield. Cereal crops, high-quality
fruits, and vegetables benefit from these eco-friendly solutions.
The market faces challenges from regulatory inconsistencies and
approval processes, which can hinder commercialization of novel
biostimulants. Start-ups in this sector require funding and
infrastructure to compete with established agrochemical companies.
The demand dynamics for agricultural biologicals are influenced by
regulatory guidelines, international harmonization, and
registration approvals. Producers aim to reduce the use of
synthetic chemicals, air pollutants, and pesticide residues, making
eco-friendly solutions a priority. Plant biostimulants, a segment
of agricultural biologicals, are gaining commercialization,
offering opportunities for innovation and growth. The market is
expected to face regulatory and legal challenges, but the potential
rewards for eco-friendly solutions are significant.
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Market Challenges
• The global
agricultural biologicals market, including biofertilizers and
biostimulants, faces hindrances due to insufficient awareness among
farmers, particularly in regions like Sub-Saharan Africa. Economic
sustainability, eco-friendliness, political obligation, practical
viability, and social acceptability are crucial factors influencing
the adoption of updated agricultural practices. However, the lack
of understanding regarding the advantages of biological products
and misconceptions about their potential health hazards hinder
their use. In Sub-Saharan Africa, the adoption of biofertilizers is
significantly lower than in developed countries and some Asian
regions. This is due to the absence of effective regulations,
limited infrastructure, and insufficient skills, resulting in low
availability and adoption of these products. Similarly, farmers in
the region are unaware of the benefits of biostimulants for crop
nutrition. To promote the growth and adoption of agricultural
biologicals, particularly in Sub-Saharan Africa, there is a need
for governmental support, investment in localized research,
involvement of the public and private sector, and increased
awareness of the products. Effective regulations, streamlined
registration processes, and improved marketing efforts can also
help overcome the current challenges and unlock the vast potential
of these products in enhancing agricultural productivity and
sustainability.
• The
Agricultural Biologicals Market is experiencing significant growth
due to the increasing demand for organic food and sustainable
agriculture. Biopesticides, biofertilizers, and biostimulants made
from microorganisms are gaining popularity as they offer
environmentally friendly solutions for soil fertility and crop
production. However, challenges exist in the market, including the
need for effective marketing strategies and patent publications for
these biological products. Key players in the market include PI
Industries, Monsanto, Andermatt, Certis Biologicals, Lallemand,
Novozymes, Stoller, UPL, Vegalab, Valent Biosciences, Verdisian
Life Sciences, Azelis, Mosaic Company, Mosaic Biosciences, AgBiome,
Ginkgo Bioworks, and various crop protection chemical companies.
The crop protection industry is shifting focus towards biological
solutions to address the health of farmers, consumers, and the
ecosystem. Foliar sprays are a growing segment in the market, with
companies like Andermatt and Certis Biologicals leading the way.
Overall, product innovation and sustainable farming practices are
driving the growth of the Agricultural Biologicals Market.
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Segment Overview
This agricultural biologicals market report extensively covers
market segmentation by
- Type
- 1.1 Biopesticides
- 1.2 Biofertilizers
- 1.3 Biostimulants
- Application
- 2.1 Cereals and grains
- 2.2 Fruits and vegetables
- 2.3 Oilseeds and pulses
- 2.4 Other crops
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Biopesticides- The Agricultural Biologicals
Market refers to the sale of products derived from living organisms
to improve agricultural productivity. These include biological
pesticides, bio-stimulants, and biocontrol agents. Market growth is
driven by increasing demand for sustainable farming practices and
government initiatives to reduce chemical pesticide usage. Key
players include BASF SE, Syngenta AG, and Bayer AG. Collaborations
and acquisitions are common strategies to expand market presence.
The market is expected to reach significant value by 2025.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global smart agriculture market is poised for robust growth,
driven by advancements in IoT, AI, and big data analytics. These
technologies enhance farming efficiency, crop yield, and resource
management through real-time monitoring of environmental factors
and livestock health. Key players are investing in sensor-based
solutions to optimize farming practices, fostering sustainable
agriculture amid rising food demand.
Research Analysis
The Agricultural Biologicals Market is witnessing significant
growth due to the increasing demand for environmentally friendly
and sustainable alternatives to chemical pesticides. With stricter
regulations on the use of chemical pesticides, agricultural
biologicals, including biopesticides, biofertilizers, and
biostimulants, are gaining popularity. These products, derived from
beneficial microorganisms, plant extracts, and other natural
sources, offer safer and more effective solutions for enhancing
soil fertility, promoting biological activity, and boosting the
growth of plants. Integrated Pest Management (IPM) practices, which
utilize beneficial insects and microbial-based products, are
becoming increasingly common in sustainable agriculture. The market
for agricultural biologicals is expanding into various industrial
sectors, including food, medicines, and agri-exports. Despite the
challenges posed by international travel restrictions and the
decline in essential businesses during the pandemic, product
innovation strategies and effective marketing efforts are driving
the growth of this market.
Market Research Overview
Agricultural biologicals refer to eco-friendly alternatives to
traditional chemical pesticides used in modern agriculture. These
products, which include beneficial insects, microbial-based
products, plant extracts, and biopesticides, offer several
advantages over their synthetic counterparts. With stricter
regulations aimed at reducing harmful residues in food and
protecting the environment, the demand for agricultural biologicals
is on the rise. Integrated Pest Management (IPM) is a sustainable
approach that employs these biologicals to manage pests, improve
soil fertility, and enhance crop growth. Companies are investing in
product innovation strategies and effective marketing to cater to
the growing demand for sustainable agriculture. Microorganisms like
Bacillus thuringiensis and Arbuscular Mycorrhizal Fungi are key
components of these biologicals. Biopesticides, biofertilizers, and
biostimulants are some of the popular product categories. Corteva
Agriscience, PI Industries, Certis Biologicals, Lallemand,
Novozymes, Stoller, UPL, Vegalab, Valent Biosciences, Verdisian
Life Sciences, Azelis, Mosaic Company, Mosaic Biosciences, AgBiome,
Ginkgo Bioworks, and others are major players in this industry. The
market for agricultural biologicals is driven by the need for safer
and more sustainable alternatives to chemical pesticides. This
trend is particularly strong in organic farming systems and the
production of high-quality fruits, vegetables, and cereal crops.
The growing awareness of the impact of agriculture on the
environment and the health of farmers and consumers is also fueling
demand. Despite the challenges posed by trade restrictions and the
decline in agri-exports, the future of agricultural biologicals
looks bright as they offer a more sustainable and eco-friendly
approach to food production and crop protection.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Biopesticides
- Biofertilizers
- Biostimulants
- Application
-
- Cereals And Grains
- Fruits And Vegetables
- Oilseeds And Pulses
- Other Crops
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
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