Agricultural Biologicals Market Research Report, By Type, Crop Type and Geography – Global Market Share, Trend Analysis and Forecast up to 2023

Report Code: 1269
Publish Date: February 2017

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Product Description

The market for agricultural biologicals is projected to grow at a CAGR between 15% to 16% from 2018 to 2023. Agricultural biologicals are naturally occurring solutions which can be used as a replacement to chemical fertilizers and pesticides. Growing demand for organic farming, increasing awareness about the disadvantages of chemical fertilizers and pesticides, rising demand for food by the growing population, and changing mentality of the farmers inclining more towards usage of biological products for environment safely is driving the market for agricultural biologicals. Along with this, rising cost of fertilizers and increasing government bans and strict regulations for pesticides and fertilizers is fueling the growth of agricultural biologicals market.

The major types of agricultural biologicals considered in the study are biopesticides, biofertilizers, biostimulants, plant extracts and others. Biopesticides dominate the market due to high usage of biopesticides as an alternative to chemical pesticides and increasing support of European countries for use of only biologicals in the agricultural field.

The crop types considered in the agricultural biologicals market are cereals, oilseeds & pulses, fruits & vegetables, plantations crops, nursery and others. The market for cereals is highest due to high consumption of these food grains all over the world thus high usage of agricultural biologicals on them.

The agricultural biologicals market is studied for Americas, Europe, Asia-Pacific, and RoW which includes the Middle East and Africa. Europe dominated the market with the largest market share followed by Americas and Asia-Pacific. Spain and Italy are the largest markets in the country-level market in European region. Rising demand for organic products, reduced chemical hazards, improved yield, and increased productivity along with no harmful residue problem by using agricultural biologicals is driving the market growth in Europe.  Asia-Pacific is the fastest growing region in the agricultural biologicals market.

The leading players in this industry include Agrinos, Arysta LifeScience Ltd., BASF SE, Bayer CropScience AG, Camson Biotechnologies Limited, Certis USA LLC, Isagro SpA, Koppert B.V., Marrone Bio Inovation  Inc, Novozymes A/S, Syngenta AG, T. Stanes & Company Ltd., The Dow Chemical Company, among others. These companies have established their position in the market by offering competent agricultural biological products. Along with this, they are making their presence strong in the market though strategies such as mergers, acquisitions, joint ventures and collaborations.

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Axiom MRC’s Qual-Quant data modeling tool is an in-house developed tool, which is based on the fundamentals such as Top Down and Bottom Up approaches. The data model compares agrochemicals, organic food and vegetables etc. markets to estimate and validate the qualitative and quantitative findings across various countries. It also allows to analyze the market value chain in comparison with main market i.e. global agrochemicals market to arrive at holistic and factual findings of the markets. The macro-indicator (i.e. organic agricultural land) impacts analysis was also conducted, to find out various countries agricultural biologicals market. The outcome of the data collection and secondary research is further validated with in-depth primary interviews conducted with key industry participants of agricultural biologicals market. The various free and paid sources used during the secondary research pahse the sources were used such as : Free sources - organic agrochemicals manufacturers associations, key company web sites, annual reports, journals, FAO, WTO etc. Paid sources such as Factiva, Bloomberg, One Source etc. were also used. Extensive Primary research is conducted to bring insights into the key industry trends, new technologies, and future outlook of this market. All findings are validated by the industry experts and subject matter experts which typically include : • CEOs/CMOs of Key Agrochemcials Companies • Key Opinion Leaders Such As Research Experts, Consultants, Knowledge Professionals and Others • Managers and Top Executives Of Key Players • Suppliers and Manufacturers Of Raw Materials