Bharat Book Bureau Provides the Trending Market Research Report on“Global Agricultural Biologicals Market Forecast to 2022” underFood & Beverages category. The report provides information on industry overview, market size, latest developments, industry trends,Large players,Emerging players,global presence, and their future prospects.
Agricultural Biologicals Market is projected to grow at aCAGR of 13.77%
The agricultural biologicals market is projected to reachUSD 12.86 billion by 2022 from USD 6.75 billion in 2017, at a CAGR of 13.77%. The market is driven by growth in demand for biopesticides and biofertilizers that are effective in controlling insect population and maintaining plant health respectively, which helps to reduce the toxicity risks to the environment and human health. Limited product availability is one of the major restraints in the growth of the agricultural biologicals market.
Seed treatment segment is projected to boost the growth of agricultural biologicals from 2017 to 2022
Based on mode of application, the seed treatment segment is projected to grow at the highest rate during the forecast period. The market for seed treatment is growing at the fastest rate as microbial seed treatments provide more targeted activity on specific pests and improve the efficiency of nutrient uptake in plants. Additionally, biocontrol seed treatments leave virtually no harmful residue and allow field re-entry almost immediately after application.
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Biopesticides segment is estimated to be the largest market in 2017
The biopesticides segment accounted for the majority share in the agricultural biologicals market. Globally, the research & development activities and product commercialization trends are more concentrated toward biopesticides and hence, it accounted for the largest share in the agricultural biologicals market.
North America is estimated to be the largest market in 2017
North America is estimated to be the largest agricultural biologicals market, by region, in 2017. This can be attributed to the rapid adoption of modern agricultural technologies due to the ban on certain chemical formulations and to develop a sustainable approach to mitigate the environmental risks of pesticide use. The market in this region is also projected to grow at the highest CAGR from 2017 to 2022. It is driven by highly streamlined product registration process, which makes it easier for most private companies to launch their products easily.
The breakdown of the primaries on the basis of company type, designation, and region, conducted during the research study, is as follows:
- By Company Type: Tier 1 – 25%, Tier 2 – 34%, and Tier 3 – 41%
- By Designation: C-Level – 15%, Directors – 55%, and Others* – 30%
- By Region: Americas – 45%, Europe – 30%, Asia Pacific – 20%, and RoW – 5%
*Others include sales managers, marketing managers, and product managers.
Note: Tier 1: Revenue > USD 1 billion; Tier 2: Revenue USD 500 million to < USD 1 billion; Tier 3: Revenue < USD 500 million
The global market for agricultural biologicals is dominated by large players such as Bayer (Germany), Monsanto BioAG (US), BASF (Germany), Syngenta (Switzerland), and DowDuPont (US). Some of the emerging players in the agricultural biologicals market include Marrone Bio Innovations (US), Arysta LifeScience (US), Isagro (Italy), Valagro (Italy), Certis USA (US), Koppert (Netherlands), Biolchim (Italy), and Valent Biosciences (US).
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