Agricultural Biologicals Market is Expected to Reach $24.6 billion by 2027

0
2K
The market for Agricultural Biologicals is estimated at USD 12.9 billion in 2022; it is projected to grow at a CAGR of 13.7% to reach USD 24.6 billion by 2027. Strong initiatives toward organic farming and the increasing awareness of environmental protection have encouraged the demand for agricultural biologicals in the agriculture industry. Factors such as degrading soil health due to the increasing usage of chemical-based crop protection methods, decreased productivity, and rising instances of pest infestations are the key factors contributing to the growth of the biologicals segment for crop protection and crop enhancement. The global agricultural biologicals market is dominated by North America and Europe in 2022 due to the adoption of advanced agricultural technologies and organic farming practices. However, the demand for agricultural biological products in developing countries of regions, such as Asia Pacific and South America, has significantly increased. This increase in demand is primarily attributed to the stringent regulatory frameworks regarding the maximum residue level (MRL); banning of chemical pesticides; increase in the cost of agricultural inputs, such as seeds; and a decrease in the proportion of cultivable land. The adoption of GM seeds and integrated pest management (IPM) are the key factors that have also contributed to the growth of the biologicals market. Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=100393324 The ability to increase the nutrient availability in the soil and enhance plant yield to drive the growth of the microbials segment. Microbial biological control agents (MBCAs) are used to biologically control plant pathogens in crops, and they work in a variety of ways. Without directly interacting with the pathogen, some MBCAs interact with plants via inducing resistance or priming plants. Other MBCAs modulate pathogen growth conditions through nutritional competition or other methods. The agricultural biologicals market is growing in North America due to the increasing applications in the agricultural sector for the adoption in fields, vegetables, and fruit crops. The governments in the North American region have made the registration of biopesticides products more efficient through the development of modified test methodologies and clear guidance documents. This helps key companies to develop new products and register them before commercialization. The key players in this market include BASF (Germany), Syngenta (Switzerland), Bayer AG (Germany), UPL (India), Marrone Bio Innovation, Inc (US), Gowan Company (US), Vegalab SA (Switzerland), Lallemand Inc (Canada), Valent Bioscience (US), Koppert Biologicals System (Netherlands), Biovert S.L. (Spain), Trade Corporation International (Spain), Stockton Bio AG (Israel), Biolchim SPA (Italy), and Rhizobacter (Argentina). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
Search
Sponsored
Categories
Read More
Home
The do’s and don’ts of piano moving in New York
This article was genuinely published here and copied with permission.   Moving a...
By Maxi Moving 2022-05-16 07:06:31 0 2K
Other
Good Night Images with Quotes
Share the Warmest Wishes with Roop Vibes' Good Night Images with Quotes End your day with a touch...
By N1business Maker 2024-05-31 07:01:37 0 520
Art
Latest C_S4CPS_2208 Test Blueprint, C_S4CPS_2208 Paper | Top C_S4CPS_2208 Dumps
P.S. Free & New C_S4CPS_2208 dumps are available on Google Drive shared by Exams4sures:...
By Lp0i1rqr Lp0i1rqr 2023-02-01 02:06:56 0 1K
Other
Jet Engines Market Report [2022] | Forecast Research Report
"Jet Engines Market" Research Report 2022 provides an overview of the industry's...
By Tom Hardy 2022-11-14 11:25:23 0 1K
Other
Vehicle On-board Diagnostics (OBD) Telematic Solutions Market by Product Types, Application and Growth Forecasts to 2031 2031
Vehicle On-board Diagnostics (OBD) Telematic Solutions Market Market 2024 research report...
By Shraddha Valgude 2024-05-30 08:54:55 0 517