Market Research Report
Agriculture biologicals is also called as organic agriculture system and is a part of sustainable farming system and a viable alternative to the more traditional approaches to agriculture. It is an environmentally friendly farming process with no use of pesticides, fertilizers and chemicals. Moreover, it is production system based on crop rotation, recycling of crop residues and animal manure, green manure, reasonable use of agricultural machinery and biological control methods.
The global market is estimated and forecasted in terms of revenue (USD million) generated by the agriculture biologicals market. The agriculture biologicals market has gained sustainable growth owing to increasing demand or organic food and growing environmental awareness globally. Moreover, rising awareness among the people related to health effects of use of synthetic chemical coupled with rising concern for conservation of soil fertility and adequate crop nutrition are propelling the growth of the agricultural biological market. However, lack of awareness about agriculture biologicals and limited availability of products are the major factors restraining the growth of the agriculture biologicals market. Additionally, developing countries have an enormous potential for growth in the agricultural biologicals market during the forecast period.
Based on type, the agriculture biologicals market is bifurcated into biopesticides, biofertilizers and bio stimulants. The biopesticides segment accounted for largest market share in 2017. The largest share of this segment is primarily attributed to increasing demand for biopesticides as a substitute for hazardous chemical pesticides used conventionally. Biopesticides are organic substance used for controlling pests and improve the quality of the crops. On the basis of source, the agriculture biologicals market is segmented into microbials, biochemicals and others. The microbial segment is projected to be the fastest growing segment and is forecasted to register for highest CAGR during the forecast period. Wide range of application of microbials to reduce the use of synthetic fertilizers and chemical pesticides and low cost of production are the prominent factors fuelling the growth of the market.
Based on mode of application, the agriculture biologicals market is categorised into, foliar sprays, soil treatment and seed treatment. In 2017, the foliar spar segment dominated the market and accounted for a considerable market share in the global agricultural biologicals market as foliar sprays are an excellent solution for crop protection and Macronutrients and micronutrients are normally added along with the bio stimulants meant for foliar application.
By application, the agriculture biological market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables and others. In 2017, the cereals & grains segment is expected to account for largest share. The increase in the production of cereals & grains due to increasing population is primarily attributed to the growth of cereals & grains segment in the global agriculture biologicals market. Moreover, the fruit & vegetable segment is anticipated to grow at a faster pace during the forecast period owing to increased demand for fruits & vegetables.
By geography, the global agriculture biological market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world includes Latin America and Middle East & Africa. Globally, North America is expected to be the fastest-growing region during the prediction period. Factors such as rising demand for sustainable agricultural practices and stringent government regulation against the use of harmful chemicals are fuelling the growth of agriculture biologicals market in North America.
Some of the key participants of the global agriculture biologicals market are Bayer AG, Syngenta, Monsanto, BASF SE, DowDuPont, Marrone Bio Innovations, Arysta LifeScience Corporation, Certis USA LLC, Koppert B.V, Valagro, Biolchim SPA, Valent BioSciences LLC. Furthermore, strategies such as expansions, as well as partnerships and agreements were also implemented by numerous market players to expand their R&D competences and geographic presence in the global market.
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