Agricultural Biologicals Market Size, Share, Industry Overview, Trends, Growth Drivers, Business Opportunities, and Leading Players

Agricultural Biologicals Market by Function, Product Type (Microbials, Macrobials, Semiochemicals, Natural products), Mode of Application (Foliar Spray, Soil & Seed treatment), Crop Type (Cereals & Grains, Fruits) & Region - Global Forecast to 2028
According to MarketsandMarkets, the [https://www.prnewswire.com/news-releases/agricultural-biologicals-market-worth-27-9-billion-by-2028--exclusive-report-by-marketsandmarkets-301880628.html] is projected to reach USD 27.9 billion by 2028 from USD 14.6 billion by 2023, at a CAGR of 13.8%. The global expansion of the organic farming sector is playing a pivotal role in driving the growth of the agricultural biologicals market. Organic farming practices, which necessitate the utilization of natural inputs and biologicals, are a significant catalyst for this growth. Organic farmers prioritize sustainable and environmentally friendly approaches, leading to a surge in demand for agricultural biologicals. This increased demand stems from the industry's commitment to eco-friendly solutions and contributes to the market's upward trajectory.

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The agricultural biologicals market has been witnessing significant growth driven by several key trends:

1. Increasing Demand for Organic Products: With a growing awareness about health and environmental concerns, there's a rising demand for organic food products. Agricultural biologicals, such as biopesticides, biofertilizers, and biostimulants, are seen as sustainable alternatives to conventional chemical inputs, supporting organic farming practices.

2. Regulatory Support: Governments worldwide are implementing regulations favoring the use of biologicals over synthetic chemicals to reduce environmental pollution and promote sustainable agricultural practices. Regulatory support in the form of subsidies, grants, and incentives is encouraging farmers to adopt agricultural biologicals.

3. Advancements in Biotechnology: Advances in biotechnology, including genetic engineering and microbial technology, are driving innovation in the development of new and improved agricultural biological products. This has led to the discovery of novel strains of beneficial microorganisms and the development of more effective biopesticides and biostimulants.

4. Focus on Sustainable Agriculture: Sustainable agriculture practices are gaining traction globally due to concerns about soil degradation, water pollution, and climate change. Agricultural biologicals play a vital role in sustainable agriculture by improving soil health, enhancing nutrient uptake, and reducing the reliance on synthetic chemicals.

5. Increasing Investments and Partnerships: The agricultural biologicals market is attracting significant investments from both established agrochemical companies and startups specializing in biotechnology. These investments are fueling research and development activities aimed at expanding product portfolios and improving the efficacy of agricultural biologicals. Additionally, partnerships between biotech firms, agricultural companies, and research institutions are facilitating technology transfer and commercialization efforts.

6. Growing Adoption in Developing Countries: Developing countries are increasingly adopting agricultural biologicals as they seek to improve crop yields, reduce chemical residues, and enhance food security. Market players are targeting these regions with tailored solutions and affordable products to address the specific needs and challenges faced by smallholder farmers.

7. Consumer Awareness and Demand: Consumers are becoming more conscious of the environmental and health impacts of conventional farming practices, leading to a preference for products grown using sustainable and environmentally friendly methods. This shift in consumer preferences is driving demand for crops produced with the help of agricultural biologicals.

Agricultural Biologicals Market Opportunities [https://www.getnews.info/1334352/agricultural-biologicals-market-worth-279-billion-by-2028-at-a-cagr-of-138.html]: The Rise of Integrated Pest Management: Driving Opportunities for Agricultural Biologicals

Integrated Pest Management (IPM) is gaining global recognition as a holistic approach that combines diverse pest control strategies, including biological control methods. Within the realm of IPM, agricultural biologicals play a crucial role in promoting sustainable pest management practices and reducing reliance on chemical pesticides. As the adoption of IPM practices continues to increase worldwide, it presents significant opportunities for the utilization of agricultural biologicals across diverse cropping systems. By integrating biological control agents, such as beneficial insects, microbial-based products, and plant extracts, into IPM strategies, farmers can effectively manage pests while minimizing negative impacts on the environment and human health.

This growing acceptance of IPM as an effective and sustainable approach to pest management creates a favorable market environment for agricultural biologicals. The adoption of IPM practices encourages the exploration and utilization of biological alternatives to chemical pesticides, as they align with the goals of minimizing chemical inputs and promoting ecological balance. As a result, agricultural biologicals are being increasingly recognized as integral components of IPM programs, providing opportunities for manufacturers to develop and introduce innovative biological products that cater to the specific needs of diverse cropping systems. With IPM gaining momentum globally, the agricultural biologicals market stands poised to thrive as it continues to contribute to sustainable and environmentally friendly pest management practices.

North America is expected to dominate the market during the forecast period.

The agricultural biologicals market has seen significant growth in North America, primarily due to the high level of awareness and willingness among farmers in the United States and Canada to adopt sustainable agricultural practices. Farmers in these regions have recognized the increasing demand for organic and sustainable food, as well as the concerns surrounding chemical pesticide use. Consequently, they have actively sought alternatives such as agricultural biologicals, which has fueled market growth.

North America also benefits from well-established distribution networks and marketing channels for agricultural inputs. The presence of established agricultural input suppliers, including distributors and retailers, has played a crucial role in making agricultural biologicals easily accessible and readily available to farmers. This streamlined distribution system has further facilitated the growth of the agricultural biologicals market in the region.

The headquarters of key players such as Corteva Agriscience (US), Pro Farm Group Inc. (US), Valent BioSciences LLC (US) makes it a significant region in the agricultural biologicals market.

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The key players in this include BASF SE (Germany), Syngenta AG (Switzerland), Bayer AG (Germany), UPL (India) and Corteva Agriscience (US). These players in this market are focusing on increasing their presence through agreements, partnerships, acquisitions, 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.

BASF SE (GERMANY)

BASF SE, a prominent player in the chemical producers' industry, operates across various divisions and segments. The company's 11 divisions are categorized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. BASF's Agricultural Solutions unit, a part of the Nutrition & Care segment, plays a significant role in providing biological products. This includes a range of organic and conventional crop protection solutions under BASF BioSolutions, such as Bio Fungicides, Bio Insecticides, and Bio Seed Treatment. These products utilize natural defenses like beneficial nematodes, microorganisms, plant extracts, and pheromones. With a strong global presence, BASF operates in more than 90 countries, and its operations span across multiple production sites. The company has six Verbund sites, which are integrated production sites, along with 241 additional production facilities.

Syngenta AG (Switzerland)

Syngenta AG, a wholly owned subsidiary of Chic Nutaunal Arochemical Corporation (CNAC) Saturn (NL) BV, is a global market leader in crop protection products. The company operates under two primary segments: Crop Protection and Seeds. Within the Crop Protection segment, Syngenta offers a range of agricultural biologicals, including selective and non-selective herbicides, fungicides, insecticides, seed care products, and other crop protection solutions. The Seeds segment focuses on field crops, vegetables, and flowers.

With operations in over 100 countries, Syngenta has a strong global presence and aims to revolutionize crop cultivation and protection practices. The company's Crop Protection segment experienced notable sales improvement, driven by the recovery and growth in the Brazilian market, as well as the introduction of new products in Europe, the Middle East, Africa (EMEA), and the United States.

Bayer AG (Germany)

Bayer, a leading life science company, operates across three business segments: pharmaceuticals, crop science, and consumer health. Within its Crop Science segment, Bayer is a prominent player in the agriculture industry, specializing in crop protection, seeds, and digital farming. To promote sustainable agriculture, Bayer offers a wide range of high-value seeds, advanced plant traits, innovative chemical and biological crop protection products, digital solutions, and comprehensive customer service. The company possesses a vast collection of over 125,000 microbial strains, enabling it to leverage genetic diversity for the development of new and beneficial products. Bayer is dedicated to delivering solutions through cutting-edge research in microbial and RNAi (RNA interference) technology, which enhances the efficiency of its products. The acquisition of Monsanto has further accelerated Bayer's research in RNAi technology, leading to advancements in crop protection solutions.

Bayer conducts studies to explore how microorganisms can contribute to increased crop productivity and plant health. Its experts invest significant time in determining the most effective microbial strains for specific environments to support optimal plant growth. Each year, Bayer's researchers conduct in vitro screenings of more than 10,000 microorganisms, evaluating their potential benefits in agriculture.

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In July 2023, A distribution agreement for the product Essen'ciel for the Italian and Spanish markets was signed by BASF and Vivagro, a cutting-edge French firm specializing in agroecological solutions. Based on sweet orange essential oil, Essen'ciel is a natural fungicide, pesticide, and acaricide. Vine grapes, vegetable crops, berries, ornamental crops, industrial crops, and arboriculture are among the organic uses that have been allowed for it. Given the lack of insecticide alternatives, Essen'ciel stands as an alternative biocontrol agent, particularly for pip fruits like apples, pears, and quinces.

In January 2022, In a strategic move, Syngenta Crop Protection AG has completed the acquisition of Bionema Limited's advanced bioinsecticides, namely NemaTrident and UniSpore. These cutting-edge biocontrol solutions offer customers additional and complementary technologies to efficiently and sustainably combat insect pests and address issues of resistance. With this acquisition, NemaTrident and UniSpore become the first fully owned biocontrol products in Syngenta Professional Solutions' portfolio.

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