A prominent research firm, Cognizance Market Research added a cutting-edge industry report on “Agricultural Biologicals Market”. The report studies the current as well as past growth trends and opportunities for the market to gain valuable insights during the forecast period from 2020 to 2028.
Agricultural Biologicals Market Analysis
According to cognizance market research the Agricultural Biologicals Market was valued at USD 8.8 Billion in 2019 and expected to register a CAGR of 13.6% from 2021 to 2028.
What is Agricultural Biologicals?
As the term biologicals it expresses here the use of natural chemical-free products. Biological agricultural refers to eco-friendly farming i.e. free from the use of synthetic pesticides and fertilizers. It is an ecologically and economically sustainable agriculture system promoting the use of Safe products for crop yielding. Agricultural biologicals originate from nature such as plants, animals, and microbes. They’re viewed as relatively healthy, and they don’t leave pesticides on the crops. The demand for agricultural biologicals has increased as farmers are becoming more conscious of the advantages of biologicals. They’re used to replace fertilizers and pesticides that are harmful to the environment.
Agricultural Biologicals Market Outlook
In the Agricultural Biologicals report, the market outlook segment mainly includes important dynamics of the market which include drivers, restraints, opportunities and challenges tackled by the industry. Opportunities and challenges are extrinsic factors whereas, drivers and restraints are intrinsic factors of the market.
The key strategy adopted for growing the market by the players operating in the global agricultural biologicals market is the innovation of new and innovative products, satisfying the criteria and standards of different regional governmental authorities. And the growing demand for organic demand fruits and vegetables is attracting sustainable agriculture by the people leading to an increase in area under cultivation. Hence, increasing the demand for agricultural biologicals globally.
The farmers are still not literate enough about these products and even not skilled for the usage of same. Even these products have a low shelf life and aren’t good enough as those high-quality synthetic products in the marketplace. These factors will affect the market growth of Agricultural biologicals market.
The pandemic has given a pace of growth to this market as the people are becoming conscious of their health, demanding organic and healthier fruits and vegetables. Even the people have started self-gardening for their veggies and fruits, increasing in the purchasers of biological agricultural products. There has been a clear rise in the prices of pesticides and fertilizers.
The awareness programs by the government are helping in creating awareness among the farmers to use the agricultural biologicals products for keeping the soil fertility and yielding high-quality products. Even the change in the regulatory policies and the biologicals being promoted over the synthetics is bringing hype to the market. Even the organic food preferences by the consumer are forcing the farmers to do sustainable farming adding to the growth in the future.
The report offers the revenue of the Agricultural Biologicals market for the period 2018-2028, considering 2018 and 2019 as a historical year, 2020 as the base year and 2021 to 2028 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the Agricultural Biologicals market for the forecast period. The Agricultural Biologicals market report provides insights and in-depth analysis into developments impacting enterprises and businesses on a regional and global level. The report covers the Agricultural Biologicals market performance in terms of revenue contribution from several segments and comprises a detailed analysis of key drivers, trends, restraints, and opportunities prompting revenue growth of the Agricultural Biologicals market.
The report has been prepared after wide-ranging secondary and primary research. Secondary research included internet sources, numerical data from government organizations, trade associations, and websites. Analysts have also employed an amalgamation of bottom-up and top-down approaches to study numerous phenomena in the global Agricultural Biologicals market. Secondary research involved a detailed analysis of significant players’ product portfolio. Literature review, press releases, annual reports, white paper, and relevant documents have been also studied to understand the global Agricultural Biologicals market. Primary research involved a great extent of research efforts, wherein experts carried out interviews telephonic as well as questioner-based with industry experts and opinion-makers.
The report includes an executive summary, along with a growth pattern of different segmented included in the scope of the study. The Y-o-Y analysis with elaborate market insights has been provided in the report to comprehend the Y-o-Y trends in the Agricultural Biologicals market. Additionally, the report focuses on altering competitive dynamics in the global market. These indices serve as valued tools for present market players as well as for companies interested in participating in the Agricultural Biologicals market. The subsequent section of the Agricultural Biologicals report highlights the USPs, which include key industry events (Type launch, research partnership, acquisition, etc.), technology advancements, pipeline analysis, prevalence data, and regulatory scenario.
North America is currently ruling the market, being the largest consumer in the market followed by Europe. The restricted policies of the government globally over the use of synthetic agricultural products are helping in the expansion of the market globally. The technological advancements, new types of equipment, and other resources being developed in Europe and North America are further expected to boost the growth. The demand for agricultural biologicals in the United States increased dramatically as agricultural populations realized that decades of aggressive use of pesticide fertilizers and other agriculture products had depleted underground water sources and soil quality. The Asia-Pacific region is recommended to achieve at a faster rate because it is largely comprised of agrarian economies, including India, Thailand, Japan, Malaysia, South Korea, and the Philippines, which practice more sustainable agricultural practices.
Agricultural Biologicals Market Competitive Landscape
The “Agricultural Biologicals Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF SE, Syngenta AG, Bayer, CropScience, UPL, Marrone Bio Innovations, Valent Biosciences, Koppert Biological Systems, Isagro and Valagro among others.
The report explores the competitive scenario of the Agricultural Biologicals market. Major players operating in the Agricultural Biologicals market have been identified and profiled for unique commercial attributes. Company overview (company description, Type portfolio, geographic presence, employee strength, Key management, etc.), financials, SWOT analysis, recent developments, and key strategies are some of the features of companies profiled in the Agricultural Biologicals market report.
Key Questions Answered in Agricultural Biologicals Market Report
- What are the major players operating in the Agricultural Biologicals market?
- What are trends, drivers, opportunities, and challenges in the Agricultural Biologicals market?
- Which is the leading country in the Agricultural Biologicals market?
- What are the revenue share forecasts of key sections of the Agricultural Biologicals during the estimated timeframe?
- Which segment is expected to lead the Agricultural Biologicals market in terms of revenue by 2030?
- How partnerships & alliances among companies operating in the market are broadening the scope of the Agricultural Biologicals market?
- Who are the top 5 leaders of Agricultural Biologicals market?
- Which unmet needs will remain unaddressed over the projected period?
The Agricultural Biologicals Market has been segmented as below:
Agricultural Biologicals Market, by Application
- Oilseeds & pulses
- Cereals & grains
- Fruits & vegetables
Agricultural Biologicals Market, by type
- Bio stimulants
- Bio pesticides
- Bio fertilizers
Agricultural Biologicals Market, by source
Agricultural Biologicals Market, by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa