Agriculture Biological Market Size Analysis and Forecast Report 2028

by Niko Suzuki on May 2, 2022 Business 61 Views

The report is titled as ‘Agriculture Biological Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the agriculture biologicals market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Agricultural biological market is expected to grow at a significant rate in the near future.

The global agriculture biological market in 2020 is estimated for more than US$ 10.2 Bn and expected to reach at a value of US$ 30.0 Bn by 2028 with a significant CAGR of 14.4%.

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Agriculture Biological Introduction

Agriculture biological refers to the group of organic compounds that enhances the healthy growth and yield of agricultural products. Agricultural biologicals can also be defined as the ecological agricultural systems that minimize the application of chemical or man-made fertilizers and aiding the conservation of the environment.

Agriculture Biological Market Dynamics 

Agriculture biological market is expected to grow during the forecast period, owing to the wide adoption of organic and chemical-free products. Supportive government policies and the motivation of conservation of the environment are some of the other factors that propel the growth of this market. The aim of conservation of soil with respect to soil nutrients that are essential for the healthy growth of the plants coupled with the strict rules and regulations on its applications is also fueling the need and requirement of agriculture biologicals.

The global agriculture biological market is expected to increase at a significant CAGR over the forecast period owing to the research and development studies on increasing and fulfilling food needs, easy residue management, and supportive government policies.

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Agriculture Biological Market Segmentation       

On the basis of type, the agriculture biological market can be segmented into biopesticides, biostimulants, and biofertilizers. On the basis of application, the global agriculture biological market can be segmented into cereals & grains, oilseeds & pulses and fruits & vegetables. On the basis of source, the agriculture biological market can be segmented into microbials, biorationals and other ingredients. On the basis of mode of application, the agriculture biological market can be segmented into seed treatment, soil treatment and foliar spray.

By Type

•    Biopesticides

•    Biostimulants

•    Biofertilizers

By Application

•    Cereals & Grains

•    Oilseeds & Pulses

•    Fruits & Vegetables

By Source

•    Microbials

•    Biorationals

•    Other Ingredients

Mode of Application      

•    Seed Treatment

•    Soil Treatment

•    Foliar Spray

On the basis of types, biopesticides are expected to dominate this market; accounting for increasing hazards related to toxic and chemical fertilizers is fueling the growth of biopesticides. Whereas, on the basis of applications, cereals & grains dominate this market. Increasing population, cultivation land and use of natural agricultural products are the prime factors responsible for the growth of agricultural biological products. However, the easy availability and usage of chemical fertilizers coupled with the lack of awareness about the biologicals may hamper the growth rate of the agricultural biological market.

Agriculture Biological Market Players

Arysta Lifescience Limited

BASF SE

Bayer CropScience AG

Certis USA LLC

Isagro SPA

Koppert B.V.

Marrone Bio Innovation Inc.

Novozyme A/S

Syngenta, T. Stanes & Company Limited

The DOW Chemical Company

Agriculture Biological Market Regional Analysis

On the basis of region, the agriculture biological market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. Europe dominates the agricultural biological market, followed by North America, and is expected to grow with the same pace during the upcoming years. Increasing demand of organically produced crop yields and adoption of latest agricultural technologies are responsible for propelling the growth of agricultural biological market.

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Article source: https://article-realm.com/article/Business/21812-Agriculture-Biological-Market-Size-Analysis-and-Forecast-Report-2028.html

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