Agricultural Biologicals market share research by applications and regions for 2018-2024

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Agricultural Biologicals market share research by
applications and regions for 2018-2024 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Overview of Agricultural Biologicals Market

• Europe and North America accounted for major
  shares of global agricultural biologicals market.
  Europe agricultural biologicals market is
  expected to grow at a fastest growth rate in the
  coming years owing to the government regulations
  supporting use of organic products. The U.S.
  leads the North America regional market, due to
  stringent regulations regarding the usage of
  chemical fertilizers. The agricultural
  biologicals market shall witness moderate growth
  in Asia Pacific due to lack of awareness and
  knowledge among farmers pertaining to benefits of
  bio-based products.
• Global Agricultural Biologicals Market size is
  likely to witness a significant CAGR during the
  forecast period. The use of agricultural
  biologicals for cultivation/farming reduces the
  use of harmful fertilizers and chemical
  pesticides, which acts as a primary factor
  driving the market growth.
• The key factor responsible for agricultural
  biologicals market size growth is the increasing
  awareness among consumers about the advantages of
  using organic products for cultivation, which
  further led to increased demand for natural and
  environment friendly products in agriculture
  industry.

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• Also, the rising costs of pesticides and
  fertilizers is likely to pave a growth path for
  the product in the coming years. Policies by
  governing bodies such as subsidies and
  promotional campaign about natural farming will
  fuel the agricultural biologicals market growth
  over the forecast period. Moreover, the product
  helps farmers to improve yield and productivity
  by decreasing plant stress, which is a major
  factor supporting further growth of agricultural
  biologicals market till 2025.
• Constant usage of toxic pesticides and
  fertilizers has altered soil nutrients and
  texture to a considerable extent. This loss of
  biological activities in soil and weakened soil
  health, thereby compelling farmers to opt for
  organic farming practices. Agricultural
  biologicals are a vital part of organic farming
  due to its chemical-free and eco-friendly
  properties such as low harmful residues produced.
• The major challenge restricting the growth of
  agricultural biologicals market is the barrier to
  adoption, which leads to lower penetration of
  biologicals. Also, the threat of counterfeit
  products is increasing, due to unsuccessful
  implementation of government rules and norms on
  fertilizers and pesticides usage. This also
  impacts the market growth majorly along with
  penetration. Besides, unavailability of specific
  products for each plant type in market are likely
  to act as an additional threat to agricultural
  biologicals market growth in the near future.

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• Based on product type, the agricultural
  biologicals market can be segmented into
  biopesticides, biofertilizers and biostimulants.
  The agricultural biopesticides product segment is
  expected to hold a largest share of global
  agricultural biologicals market, followed by
  biofertilizers and biostimulants. Biopesticides
  are organic products that control the growth of
  pests by a non-toxic mechanism and enhances
  overall quality of crop. Biofertilizers, contains
  living microorganisms, thus promote plant growth
  by increasing the availability of essential
  nutrients to host plant. Biostimulants also
  improve resistance to abiotic stresses in plant
  or soil to enhance the overall quantity and
  quality of crops.
• The agricultural biologicals market can be
  classified into fruits vegetables, cereals
  grains and oilseeds pulses, based on its
  applications. Cereals grains will have a
  significant share of the global market, as it is
  the staple crop in almost all the nations.
  Increasing population and substantial increase in
  cereals grains cultivation shall accelerate the
  agricultural biologicals demand for cereals
  grains cultivation over the forecast period.

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• The prominent market players functional in the
  industry are BASF SE, Bayer Cropscience AG, The
  DOW Chemical Company, Syngenta, Agrinos AS,
  Marrone Bio Innovations Inc. and Valent
  BioScience Corporation. Other companies include
  Arysta LifeScience Corporation, Koppert B.V.,
  Novozymes, Certis USA L.L.C and T. Stanes
  Company Limited to name a few.
• The key market players are emphasizing on
  partnerships, new product launches investments
  to expand their product portfolio and to increase
  their global presence and market share across the
  world. Also, the market share contributors are
  continuously investing in research development
  to push product innovation to next level. This
  aids in keeping up with demands of existing
  customers and attract new customers.

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Methodology

• Market
  research reports Key analytical components

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