Global Agricultural Biologicals Market was worth USD 15.0 billion in 2016 and is predicted to grow at a CAGR of 6.15%, to reach USD 20.22 billion by 2021.
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Biological agriculture is a production of crops based on crop rotation, recycling of manure and by the use of biological control methods. The Agricultural Biological products are obtained from organic matter such as extracts from plants, microorganisms which improve crop health and productivity. Agricultural biologicals are primarily utilized as a part of integrated pest management (IPM) to develop innovative crop sciences. The biological agriculture is an eco-friendly production system which uses the products that are safe for crop improvement. Moreover increasing demand for organic in most of the countries is fuelling the growth of the market.
Increasing demand for organic products, growing number of population, improving yield and productivity, increasing spending’s in R&D efforts, rapid growth in the use of these products in seed treatment, support from the government and increasing health consciousness are the factors driving the growth of the market. Factors such as lack of awareness among the farmers and reluctant to change from existing practices of chemical pesticides are restraining the growth of the market.
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Agricultural biologicals market is segmented on the basis of Type, Application, Sources, and Mode of Application. Based on type, market is segmented into Bio pesticides, Bio fertilizers, and Bio stimulants. Bio Pesticides segment is further categorised into Bio insecticides, Bio nematicides, Bio Herbicides. Based on Application, market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Others. Based on sources, market is further segmented into Microbial, Biorationals and Others. On the basis of Mode of application, market is segmented Soil Treatment, Seed Treatment and Foliar Spray. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Agricultural bio pesticides has the largest share in the market due to increasing usage of products in organic farming.
Major Key players in this market are BASF, Bayer Crop Science, Syngenta, Novozymes A/S, Isagro, Arysta Lifescience Limited, Arysta LifeScience Corporation, Valent BioScience Corporation, Marrone Bio Innovations Inc., Certis U.S.A and Koppert B.V.
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