The agricultural biologicals market is projected to grow at a CAGR of 13.7% from an estimated value of USD 9.9 billion in 2020 to reach USD 18.9 billion by 2025
NEW YORK, March 10, 2020 /PRNewswire/ --
The agricultural biologicals market is projected to grow at a CAGR of 13.7% during the forecast period.
Read the full report: https://www.reportlinker.com/p04680744/?utm_source=PRN
The agricultural biologicals market is projected to grow at a CAGR of 13.7% from an estimated value of USD 9.9 billion in 2020 to reach USD 18.9 billion by 2025. Agricultural biologicals market has been gaining wide importance among farmers to produce chemical-free food products with the adoption of natural methods. The increased public awareness of the benefits of integrated pest management has created an understanding of plant defense mechanisms among farmers. The increasing trend of organic farming, biotic & abiotic factors affecting plant growth, favorable government regulations, hazards of using chemicals on the living organisms and the environment are the major driving factors affecting the growth of the agricultural biologicals market. Poor knowledge of the application of biologicals, storage issues, and other technological constraints are expected to restrain the growth of the market.
Bionematicides market to grow at the highest rate during the forecast period.
Bionematicides is the fastest-growing trend among the top trends in this market.Nematodes affect plant growth by infesting the root area, and the problem is witnessed throughout the growing season.
Biological controls such as using Paecilomyces lilacinus and Pasteuria nishizawae are being utilized effectively to control nematodes in the US and Europe. It is a severe problem observed in many regions of the world affecting crop production and hence it will gain a significant share of demand among the companies to produce various products in the bionematicides portfolio.
Biocontrols market to be the largest subcategory market among agricultural biologicals during the forecast period.
Biocontrols are estimated to account for the largest share in 2020.There has been an increasing demand for the adoption of biological solutions to chemical pesticides, as the latter is believed to be hazardous to human health and environment.
They are quicker to register and cheaper as compared to chemicals. These biocontrol agents also prove to be cost-effective when added with a limited amount of chemical pesticides in integrated pest management (IPM) systems.
In the biostimulants market, Europe is estimated to be the largest market in 2020.
Europe is an advanced country in terms of the adoption of cutting-edge technology.Greenhouse cultivation is widely practiced in large acres of land.
Therefore, factors such as demand for high-value crops, shift towards organic products, awareness of harmful effects of chemical-based farming, and the need to preserve the soil nutrients exhibited significant growth in many European regions such as Germany, France, Spain, and the UK, are expected to propel the biostimulants market in Europe.
The top trends in the agricultural biologicals market are segmented market-wise, with a detailed analysis of each market by studying the individual competitive landscapes.
Breakdown of the profile of primary participants is as follows:
• By Company Type: Tier 1 – 25 %, Tier 2 – 34%, and Tier 3 – 41%
• By Designation: C-level – 37%, D-level – 25%, and Others* – 38%
• By Region: Asia Pacific – 42%, Europe – 21%, North America – 21%, and RoW – 16%
*Others include sales managers, marketing managers, and product managers.
Leading players profiled in this report
• BASF SE (Germany)
• Syngenta AG (Switzerland)
• Corteva Agriscience (US)
• Marrione Bio Innovation (US)
• UPL (India)
• Isagro S.p.A. (Italy)
• Evogene LTD (Israel)
• Bayer AG (Germany)
• Vegalab S.A. (US)
• Valent Biosciences (US)
• Stockton Bio-AG (Israel)
• Biolchim S.P.A. (Italy)
• Rizobacter Agentina (Argentina)
• Valagro S.P.A (Itlay)
• Koppert Biological Systems (Netherlands)
• ITALPOLLINA (Italy)
• HAIFA Group (Israel)
• Lallemand (Canada)
• Seipasa (Spain)
• Certis US LLC (US)
Research Coverage
This report segments the agricultural biologicals market on the basis of key trends. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the agricultural biologicals industry, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.
Reasons to buy this report
• To get a comprehensive overview of the agricultural biologicals market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions, in which the agricultural biologicals market is flourishing
Read the full report: https://www.reportlinker.com/p04680744/?utm_source=PRN
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001
SOURCE Reportlinker
Share this article