Agricultural Biologicals Market- Innovative Bio-products for Agriculture: Infinium Global Research

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Mar 13, 2020, 08:00 ET

PUNE, India, March 13, 2020 /PRNewswire/ -- Biological products are one of the fastest-growing segments in agricultural inputs. Agricultural biologicals are a miscellaneous group of products derived from naturally occurring microorganisms, plant extracts, beneficial insects or other organic matter. Infinium global research has recently published a global report on "Agricultural Biologicals Market https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-artificial-pancreas-device-system-market" (Application - Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses and Others; Product - Biopesticides, Biofertilizers, and Biostimulants; Source - Microbials, Biochemicals, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024" published by Infinium Global Research", the reported study estimated the market for agricultural biologicals market will reach up to 16.3 billion by 2024, with a Compound Annual Growth Rate of 13.7%, in the forecast period (2018-2024).

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High Interest of Market Players to Develop Bionematicides

Bionematicide is the fastest-growing trend in the agricultural biologicals market as nematodes are a long-lasting problem throughout the growing season, and several chemical and biological measures are being explored to control the growing nematode menace. Biological controls using Paecilomyces lilacinus and Pasteuria nishizawae are efficiently used to control nematodes in the US and Europe.

There has been a significant interest among the global players to develop and include bionematicides in their portfolio even though it is a niche market. According to the FAO, agricultural biologicals possess various agronomic and environmental benefits. For instance, regular infusion of crop residue upsurges the organic content of the soil, increases soil quality and structure, and aids water conservation.

Food Needs of a Growing World Population and Consumer Interest in Organic Products are Set to Drive the Global Market

The growth of the agricultural biologicals market is driven by factors such as the necessity for innovations to meet the food needs of a growing world population, consumer interest in organic products, the rising demand for agricultural sustainability, weed and insect resistance to chemicals used in agriculture and concerns about the environmental impacts of current agricultural practices. It is used throughout the world with a wide range of fruits, vegetables, and tree-nuts, as well as row and field crops.

Agricultural biologicals are versatile and work in both organic and conventional crop production systems. On the other side, the efficacy issues of agricultural biological products are restraining market growth. Moreover, the increase in demand for organic products and a rise in costs of pesticides and fertilizers are anticipated to provide growth opportunities to the market players.

Manufacturers Adopting Expansion, Acquisition & Partnership Strategies

Recently, In May 2018, US biological crop protection company Omnia Holdings Limited has acquired to the Cayman Islands-based biologicals business of Oro Agri SEZC Limited to expand its sales and marketing capabilities in agricultural markets around the world. Furthermore, in April 2018, the US biopesticide company Marrone Bio Innovations (MBI) has partnered with Israeli crop protection supplier Lidorr Chemicals to distribute a range of novel biopesticides such as REYSANA™ Biofungicide, MAJESTENE® Bionematicide and VENERATE® Bioinsecticide for sustainable farming in Israel. Moreover, in April 2018, Israeli Biopesticide Company STK and BASF have signed a collaboration agreement in Brazil for STK's biofungicide, Timorex Gold.

The North America Region is the Most Lucrative Region for the Agricultural Biologicals Industry

Among the regions, North American accounted for the largest share of the agricultural biologicals market in 2018. The largest share of this region is attributed to its high-end R&D infrastructure and the high number of patents received for biopesticides and biostimulants by companies based in the region. Europe is the second-largest market for the agricultural biologicals owing to enhanced quality outcomes, increased yield and productivity, and growing demand for organic products. Countries such as Italy and Spain hold a significant share of the market in the region.

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Global Agricultural Biologicals Industry Coverage

Chapter - 1 Preface

Report Description
Research Methods
Research Approaches

Chapter - 2 Executive Summary

Chapter - 3 Global Agricultural Biologicals Market Overview

Introduction
Market Dynamics
Drivers
Restraints
Opportunities
Porter's Five Forces Analysis
IGR-Growth Matrix Analysis
Competitive Landscape in the Global Agricultural Biologicals Market

Chapter - 4 Global Agricultural Biologicals Market by Application

Cereals and Grains
Fruits and Vegetables
Oilseeds and Pulses
Others

Chapter - 5 Global Agricultural Biologicals Market by Product

Biopesticides
Biofertilizers
Biostimulants

Chapter - 6 Global Agricultural Biologicals Market by Source

Microbials
Biochemicals
Others

Chapter - 7 Global Agricultural Biologicals Market by Region 2018-2024

North America
Europe
Asia-Pacific
RoW

Chapter - 8 Company Covered

Bayer CropScience AG
Isagro SPA
Novozymes
BASF SE
DowDuPont
Valagro
Biolchim
Valent BioSciences
Syngenta
Koppert

Browse in-depth TOC on "Agricultural Biologicals Market"

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