Dublin, May 11, 2021 (GLOBE NEWSWIRE) – Added Agricultural Biologicals Market – Forecasts from 2021 to 2026 report ResearchAndMarkets.com Offer.
The agricultural biologics market is expected to grow at an average annual growth rate of 11.02% during the analyzed period to reach a market size of USD 19,699.792 million in 2026 from USD 9,477.038 million in 2019 . Agrobiological biologics are a characteristic group of natural products made from naturally occurring microorganisms, beneficial insects, plant extracts and other organic substances.
Biological products such as agricultural biologics are the fastest growing segments in the agricultural inputs market. The main developer of this industry is the growing demand for environmentally friendly, chemical-free products for better yields. Chemical fertilizers and pesticides increase the yield at the expense of the quality of the crop. The chemicals can end up in the end product and harm consumer health. Agricultural biologists, on the other hand, contain no chemicals and make the plant more nutritious and healthier. Bio-stimulants help to increase the metabolism and the enzyme process of the plants and thus improve the level of production and the quality of the harvest. Biopesticides protect the plant from incest and other microbial infestation and save the yield.
Market growth is being driven by many factors including R&D and innovation to meet the growing demand for food as a result of the growing world population. In addition, consumer interest in organic products will drive the market. In addition, the resistance of insects and weeds to chemicals used in agriculture, combined with increasing environmental concerns, will have a positive impact on the agricultural biologics market.
Rapid urbanization and industrialization as well as growing disposable income will have a positive impact on the market and further stimulate demand.
The main growth driver in the agricultural biologics market is expected to be growing demand for food due to booming population growth. The world population is projected to increase from 7.8 billion in 2019 to 9.8 billion by the end of 2050. This growth will increase the demand for food. In addition, rapid industrialization and urbanization, particularly in developing countries, will reduce the amount of arable land available for cultivation. Therefore, a lot of pressure is put on agricultural land to increase the yield. Farmers will turn to agricultural biologics, which will help increase yields. In addition, the growing disposable income will also stimulate the market. The growth in disposable income is redefining a better standard of living. At the same time, consumers are becoming more health-conscious and are demanding natural organic products. To meet this demand, farmers use organic products. Together, these factors will fuel the agricultural biologics market.
Agricultural Biologics Market Restrictions.
The major barriers to the agricultural biologics market are short shelf life and a lack of awareness.
Agricultural biologics are vegetable or bio-based with minimal or no chemicals involved. As a result, the biological product has a shorter shelf life, ie it cannot be used for a longer period of time. Therefore, it cannot be stored and stored by farmers. In addition, these products are less adaptable and cannot easily be transferred from one container to another. The lack of awareness of these products is another barrier to the market.
Soil treatment and foliar spray to hold a significant market share.
By application, the market is divided into Soil Treatment, Seed Treatment, and Foliar Sprays. These are expected to hold a significant market share due to their awareness and non-technical use, soil treatment and foliar sprays. The seed treatment market segment will also hold a notable stake and is expected to grow significantly as awareness increases.
Based on the source of Agricultural Biologics, the market is segmented into Biochemicals, Microbes, and others.
The Asia-Pacific region is expected to grow the fastest.
Due to the geographic location, the market is divided into North America, South America, Europe, the Middle East and Africa, and the Asia-Pacific region. The Asia-Pacific region is expected to grow the fastest in the forecast period due to rapid urbanization and increasing industrialization. The region will also experience a population boom in the coming years, particularly India and China, which will be the first and second most populous countries, respectively. In addition, the growing disposable income in the region and the increased standard of living have increased the demand for natural products. The increasing health concerns have also had a significant impact on the demand for organic products. Governments also support the use of agricultural biologics for sustainability and health. For example, in August 2020 the Indian government mandated farmers to buy a bag of organic fertilizer every time they purchase a bag of urea. With this ordinance, the government intends to promote the use of organic fertilizers and to prevent the use of chemical fertilizers.
It is also estimated that the North American region has a notable market share due to its state-of-the-art infrastructure. Education and awareness-raising also play an important role in promoting agricultural biologics in the region.
COVID pandemic and agrobiological industry.
The coronavirus pandemic had a positive impact on agricultural biology. The pandemic forced governments to question their policies and use sustainable means to reduce people’s carbon footprint. In addition, increased safety standards have encouraged the consumption of healthy, natural and organic products for better immunity and health.
- In March 2021, Arizona-based company Gowan announced the acquisition of all shares in Piemme SRL from its shareholders and Giorgio Basile.
- In March 2021, Bayer AG announced the launch of Vanity Citrus, an organic pesticide against pests in citrus farms. The company claims that its Vanity Citrus does not create any resistance or residue in the crop or the environment.
- In October 2020, the state of Kerala opened its first laboratory for quality control of bio and organic fertilizers in Pattambi. The laboratory would enable farmers to solve problems regulating their organic produce and understand government policies.
- In August 2020, the Indian government commissioned the purchase of organic fertilizer as well as the purchase of urea. The government ordinance states that for every bag of urea purchased, the farmer must buy one bag of organic fertilizer. The implementation of this rule is intended to promote the use of biofertilizers over chemical fertilizers.
Main topics covered:
1.1. Market definition
1.2. Market segmentation
2. Research methodology
2.1. Research data
3.1. Research highlights
4. Market dynamics
4.1. Market leader
4.2. Market restrictions
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining power of suppliers
4.3.2. Bargaining power of buyers
4.3.3. Replacement threat
4.3.4. Threat from new entrants
4.3.5. Competitive rivalry in industry
4.4. Analysis of the industry’s value chain
5. Agrobiological Market by Type
6. Agricultural Biological Market by Application
6.2. Soil treatment
6.3. Seed treatment
6.4. Foliar sprays
7. Agricultural Biological Market by Source
7.3. Microbial agents
8. Agricultural Biologicals Market by Geography
8.2. North America
8.2.1. North America Agricultural Biological Market Analysis by Type
8.2.2. North America Agricultural Biologics Market Analysis by Source
8.2.3. North America Agricultural Biological Market Analysis by Application
8.2.4. By country
220.127.116.11. United States
8.3. South America
8.3.1. Agricultural Biologics Market Analysis in South America by Type
8.3.2. Agricultural Biologics Market Analysis in South America by Source
8.3.3. Agricultural Biologics Market Analysis in South America by Application
8.3.4. By country
8.4.1. Agricultural Biological Market Analysis in Europe by Type
8.4.2. Market Analysis for Agricultural Biologics in Europe by Sources
8.4.3. Market Analysis for Agricultural Biologics in Europe by Application
8.4.4. By country
18.104.22.168. United Kingdom
8.5. The Middle East and Africa
8.5.1. Middle East and Africa Agricultural Biologics Market Analysis by Type
8.5.2. Middle East and Africa Agricultural Biologics Market Analysis by Source
8.5.3. Middle East and Africa Agricultural Biological Market Analysis by Application
8.5.4. By country
22.214.171.124. Saudi Arabia
126.96.36.199. South Africa
8.6. Asia Pacific
8.6.1. Asia Pacific Agricultural Biologics Market Analysis by Type
8.6.2. Asia Pacific Agricultural Biologics Market Analysis by Source
8.6.3. Asia Pacific Agricultural Biologics Market Analysis By Application
8.6.4. By country
188.8.131.52. South Korea
9. Competitive Environment and Analysis
9.1. Main actors and strategy analysis
9.2. Aspiring players and lucrative market
9.3. Mergers, acquisitions, agreements and collaborations
9.4. Matrix for the competitiveness of providers
10. Company profiles
10.1. Biolchim SPA
10.2. Brown organic innovations
10.3. BASF SE
10.4. Valent BioScience
10.7. Arysta LifeSceince
10.8. Koppert biological solutions
10.9. Certainly USA LLC
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