Agricultural biologicals market includes an eco-friendly farming process involving crop rotation and recycling of animal manure, green manure and crop residues. Agricultural biologicals are products obtained from organic matter such as plant extracts and naturally occurring microorganisms, employed to enhance the crop productivity and improving the crop health. Additionally, they focus on moderate use of agricultural machinery and biologicals control methods thereby, reducing the use of chemical pesticides and fertilizers.
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The global market for agricultural biologicals is expected to rise during the forecast period (2017-2023) on account of increasing shift in consumer preferences from chemical/synthetic-based farming to organic farming techniques. Additionally, an increase in demand for crop protection against weeds, insects and pests is likely to spur the growth of global agricultural biologicals market during the forecast period. The rising global demand for food, high yield and improved nutrition content in plants is estimated to further propel the agricultural biologicals market during the forecast period. By type, bio pesticides is expected to witness fastest-growth in the global agricultural biologicals market during the forecast period.
The key trend observed in the global agricultural biologicals market is increasing demand for organic foods owing to the growing awareness among the health-conscious population. Moreover, major supermarket chains across the globe such as Wal-Mart Stores, Inc. and Costco Wholesale Corporation are expanding their product offerings in the organic food business. For instance, as of December 2015, Wal-Mart Canada launched a new private brand selection of organic products, under the brand name Great Value, ranging from cookies to pastas to popcorn.
Implementation of stringent registration policies in agricultural sector and increased expenditure on R&D by biological product manufacturers are the major drivers in the global agricultural biologicals market. Government has implemented certain regulations for supporting the use of bio-based products for agriculture. This is expected to drive the agricultural biologicals market growth during the forecast period. High cost of chemical fertilizers and the increasing awareness associated with the adverse health hazards of chemical fertilizers are expected to further spike the growth of the global agricultural biologicals market during the forecast period.
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Lack of awareness towards bio-based agricultural products and the low adoption rate of biopesticides are the major restraints faced by the global agricultural biologicals market.
The key players operating in the global agricultural biologicals market include Syngenta AG, The Dow Chemical Company, BASF SE, Bayer AG, Isagro S.p.A., Novozymes A/S, T. Stanes & Company Ltd, Marrone Bio Innovations, Arysta LifeScience Corporation, and Certis USA L.L.C.
- Cereals and grains
- Oilseeds and pulses
- Fruits and vegetables
- Other crops
By Mode of Application
- Seed treatment
- Soil treatment
- Foliar spray
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