Agricultural Biological Market Positive Revenue Growth during the Period between 2019-2027| BASF SE,Biolchim S.p.A.,Certis U.S.A. LLC,DowDuPont Inc.

The global agricultural biological market accounted to US$ 7,148.8 Mn in 2018 and is expected to grow at a CAGR of 12.9% during the forecast period 2019 - 2027, to account to US$ 21,141.0 Mn by 2027.

The North America region accounted for the largest market share in the global agricultural biological market. The growth of the agricultural biological market in this region is primarily attributed to a shift of consumer’s preference towards organic food products coupled with rising investments in research and developments activities, favorable government initiatives towards promotion of sustainable practices and increasing health awareness are the major factors driving the market in North America region.

Market Insights

Increase in adoption of natural products over synthetic products has led to the growth of agricultural biological market

Agricultural biological are increasingly being used as a replacement of synthetic or chemical plant protection products like chemical pesticides, fungicides or insecticides. Agricultural biological products like biopesticides, biostimulants, and biofertilizers serve as a natural product which lead to soil health development, plant’s disease control, enhancement of nutrient uptake, plant growth enhancement, and various others. The demand for agricultural biological products is growing over other synthetic products owing to its minimal costs, low environmental impacts, and a low risk of product resistance towards the pests.

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Top Companies: BASF SE,Biolchim S.p.A.,Certis U.S.A. LLC,DowDuPont Inc.,Isagro S.p.A,Koppert Biological Systems,Marrone Bio Innovations, Inc.,Syngenta,UPL,Valent BioSciences LLC

Rising demand of healthy food products in Asia Pacific region will create growth opportunities for the global agricultural biological market

Growing awareness and demand for healthier crop food products in the developed counties such as China, India, Japan, and South Korea have promoted the manufacturers to produce agricultural biological products. Also, developing nations in the Asia Pacific exhibit huge potential and growth prospects for the agricultural biological products due to change in lifestyle, rise in middle-class population, growth in disposable income and an increase in awareness about healthier products.

Application Mode Insights

Based on application mode, the global agricultural biological market has been segmented into foliar sprays, soil treatment, and seed treatment. The seed treatment segment led to the global agricultural biological market. Seeds are treated with the help of insecticides, fungicides, etc. to protect them from seed-borne pathogenic organisms. Seeds are also subjected to exposure of solar energy or immersion in conditioned water. It provides various advantages such as improved germination, control of insects present in the soil, prevention of plant diseases, early growth and establishment, and protection from seedling blights and seed rot. Seeds can be treated with various procedure types such as seed dressing, seed pelleting, and seed coating.

GLOBAL AGRICULTURAL BIOLOGICAL MARKET SEGMENTATION

By Type

•   Biopesticides
•   Biostimulants
•   Biofertilizers

By Source

•   Microbials
•   Biochemicals
•   Others

By Application Mode

•   Foliar Sprays
•   Soil Treatment
•   Seed Treatment

By Application

•   Cereals and Grains
•   Oilseeds and Pulses
•   Fruits and Vegetables
•   Others
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Strategic Insights

Merger and acquisition, new product development and others were observed as the most adopted strategies in global agricultural biological market. Few of the recent developments in the global agricultural biological market are listed below:

 

2018: BASF SE completed the acquisition of Bayer AG in order to strengthen its seed platform and complements the recently expanded agricultural solutions portfolio.


2018:
 Koppert Biological Systems recently announced the introduction of its new NatuGro System in the California strawberry market.

2018: Marrone Bio Innovations, Inc. launched TerraConnect which is a new global biological soil applied and seed treatment platform and delivers growers high performance products as well as a broad range of valuable tools to improve and protect crops.

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Posted by on Monday September 16 2019, 3:46 AM EST. All trademarks acknowledged. Filed under Advanced Materials, Aerospace, Aerospace & Defence, Automotive, Automotive & Transportation, Chemicals, Chemicals & Materials, Energy Storage, Environment, Metals & Minerals, Plastics, Textiles, Transportation. Comments and Trackbacks closed. Follow responses: RSS 2.0

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