Agricultural Biologicals Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

Introduction: -

Agricultural biologicals, also called biologics, are seed and plant protection products derived from organic or natural matter, such as plant or animal extracts, microorganisms, and insects. They are primarily used to replace synthetic and chemical fertilizers and are applied to the soil to protect crops from pests, diseases, and weeds. They also aid in improving the yield by enhancing the nutrient uptake, thereby keeping the crops healthy. The biologicals also assist in strengthening the carbon levels and water holding capacity of the soil, restoring mineral and microbial balance, and resistance and residue management. The global agricultural biologicals market is projected to grow at a compounded annual growth rate (CAGR) of 11.0% during the forecast period of 2022-2030.

Growth Drivers:

The government authorities across the globe are increasingly focusing on rolling-out various promotional campaigns, subsidies, and initiatives aimed at enhancing the adoption of natural farming techniques in their respective countries. Moreover, the presence of less-stricter registration norms and the growing implementation of well-defined processes for the registration of new biofertilizers in countries such as India, the U.S., and Canada are also creating lucrative opportunities for the growth of the global agricultural biologicals market.

Moreover, the major players operating in the global agricultural biologicals market are heavily investing in R&D activities and adopting different growth strategies such as the new product launches, mergers & acquisitions, collaborations & partnerships to increase their global footprints and enhance their overall market share. This is largely boosting the growth of the global agricultural biologicals market. For instance, in 2018, Bayer developed Serenade ASO, a biological crop protection product that can tackle bacterial and fungal crop diseases. In 2019.

Furthermore, the rising focus of market players on developing high-performance agricultural products, the proliferating awareness regarding organic food products and the benefits of biologicals, the burgeoning concerns pertaining to environmental safety, the rising trend of sustainable agriculture, and the growing need for improvement in productivity & yield, the increasing occurrence of pest outbreaks are among other major factors driving the growth of the global agricultural biologicals market.

However, the restricted availability of agricultural biologicals, the dearth of awareness and short shelf life of biopesticides, and the rising threat of counterfeit products are expected to hinder the global agricultural biologicals market's growth during the forecast period 2022-2030.

Agricultural Biologicals Market Segmentation:

By Function:

·         Crop Protection

·         Biocontrol

·         Crop Enhancement

·         Biofertilizers

·         Biostimulants

By Product Type:

·         Microbials

·         Macrobials

·         Semiochemicals

·         Natural Products

By Mode of Application:

·         Foliar Spray

·         Soil Treatment

·         Seed Treatment

By Application:

·         Cereals & Grains

·         Oilseed & Pulses

·         Fruits & Vegetables

·         Other Crop Types

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Agricultural Biologicals Market: Function Review:

Based on function, the global agricultural biologicals market is segmented into crop protection, biocontrol, crop enhancement, biofertilizers, and biostimulants. The biocontrol segment held the largest share of the market in 2021. The segment is predicted to retain its dominance and achieve the highest growth in the market during the forecast period of 2022-2030. This can be attributed to the cost-effectiveness and high efficiency of biocontrol products, the growing number of regulations on chemical usage and maximum residue levels (MRLs), and the rising incidence of pest infestations across the globe.

Agricultural Biologicals Market: Product Type Review:

Based on product type, the global agricultural biologicals market is segmented into microbials, macrobials, semiochemicals, and natural products. The microbials segment acquired the largest share of the market in 2021. The segment is predicted to further continue to lead the market during the forecast period of 2022-2030. The high acceptance and adoption of microbials among farmers due to their ease of production and non-requirement of technical knowledge for their usage is the major factor attributed to the large share of this segment.

Agricultural Biologicals Market: Mode of Application Review:

Based on mode of application, the global agricultural biologicals market is segmented into foliar spray, soil treatment, and seed treatment. The seed treatment segment dominated the market in 2021, with further estimations of the trend expected to continue over the forecast period of 2022-2030. However, the foliar spray segment is anticipated to attain the highest growth in the market during the forecast period of 2022-2030. The increased usage of foliar sprays by farmers due to their cost-effectiveness and ease of use is mainly driving the growth of this particular segment.

Agricultural Biologicals Market: Application Review:

Based on application, the global agricultural biologicals market is segmented into cereals & grains, oilseed & pulses, fruits & vegetables, and others. The cereals & grains segment accounted for the largest share of the market in 2021. The segment is expected to retain its dominance further in the market during the forecast period of 2022-2030. The large share of the segment can be ascribed to the ever-rising demand and the growing cultivation of cereals & grains such as rice, corn, barley, wheat, and millet worldwide. However, the fruits & vegetable segment is expected to register the highest CAGR in the market during the forecast period of 2022-2030, mainly due to the increasing adoption of biostimulants to enhance the shape, size, and shelf life of fruits & vegetables across the globe.

Regional Outlook:

The agricultural biologicals research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The North American region dominated the global agricultural biologicals market in 2021, followed by North America, and the Asia Pacific. The regional dominance is predicted to continue over the forecast period of 2022-2030. The major factors responsible for the large share and high growth of the market in the region include the high demand for biocontrols and biostimulants, the growing awareness regarding the preservation of soil nutrients, the presence of a well-established R&D infrastructure, the rapidly expanding organic foods industry, and the burgeoning costs of chemical fertilizers in the region. The U.S. and Canada stand as the leading contributors to the market in the region.

The European region captured the second-largest share in the market in 2021. The region is projected to amass robust growth in the market during the forecast period of 2022-2030, owing to the increasing shifting towards organic harvesting and the growing number of organic farmlands in countries such as Germany, France, Italy, and the U.K. in the region.

The Asia Pacific region is poised to emerge as the fastest-growing regional market for agricultural biologicals during the forecast period of 2022-2030. The growth of the market in the region can be attributed to the presence of a well-established agricultural infrastructure and industry, the escalating support from the government bodies, the growing practice of sustainable forms of agriculture, the ever-increasing population base, and the rising consumer preference for organic food in the region. India, China, Japan, Thailand, Malaysia, South Korea are among the major contributors to the market in the region.

The report also identifies the country market outlook for agricultural biologicals, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

Key Companies in Agricultural Biologicals Market:

The research report offers a competitive analysis of prominent companies operating in the global agricultural biologicals market. Some of the leading players profiled in the market research report include:

·         Novozyme A/S

·         Bayer Cropscience AG

·         BASF SE

·         UPL

·         Corteva AgriSciences

·         Koppert Biological Systems

·         Certis USA LLC

·         Valagro S.P.A.

·         Syngenta AG

·         Stockton Bio-AG

·         Valent BioSciences

·         Rizobacter

·         Marrone Bio Innovation Inc.

·         Other Players