Global agricultural biological market is likely to accumulate revenue worth nearly 15.33 (USD Billion) by 2026 and will register a CAGR of nearly 14.22% during the period from 2020 to 2026.
New York, United States - November 2, 2020 /MarketersMedia/ —
As per analysts at Zion Market Research, The global agricultural biological market is predicted to attain USD 15.33 billion by 2026, growing at a CAGR of about 14.22% during the forecasted period 2020–2026. The aspects such as rising demand for agricultural sustainability, higher development outlooks for organic foods, positive regulatory outline, and support for using agricultural biological are boosting the global market. The biological agriculture is a course of eco-friendly farming exclusive of the use of chemical fertilizers and pesticides. More particularly, biological agriculture can be determined as a production system derived from crop rotation and recyclability of green manure, animal manure, and crop residues. It includes realistic usage of agricultural biological and mechanical control methods. Biological agriculture is an ecologically and economically viable agricultural production system that supports the utilization of safe products for crop treatment.
Some of the leading players in the market are Syngenta, The Dow Chemical Company, Bayer AG, BASF SE, Isagro, Novozymes, Certis USA LLC, Marrone Bio Innovation Inc., Koppert B.V., and Arysta LifeScience Corporation.
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Adoption Of Natural Products Over Chemical To Stimulate The Global Agricultural Biological Market
The surge in the adoption of natural products more than synthetic products is impelling the expansion of the agricultural biological market. The agricultural biologicals are utilized as a substitute for chemicals or synthetic plant protection products such as chemical fungicides, pesticides, or insecticides. They act as natural products that result in soil health improvement, augmentation of nutrient uptake, plant’s disease control, plant growth enhancement, and other gains. The rising demand for the agricultural biological products is owing to its low environmental implications and fewer production costs that are anticipated to compel the expansion of the agricultural biological market.
The global agricultural biological market is bifurcated on the basis of type, source, mode of application, application, and regional analysis. Based on the type, the market is divided into biostimulants, biopesticides, and biofertilizers. Based on the source, the market is divided into microbials and biochemicals. Based on the mode of application, the market is divided into seed treatment, foliar spray, and soil treatment. On the basis of application, the market is divided into fruits & vegetables, oilseeds & pulses, and cereals & grains.
The Europe Region Is Estimated To Witness Major Share In The Global Agricultural Biological Market
Based on the geographical analysis, the global agricultural biological market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. In 2015, the European region was the chief market for agricultural biological. The region was accompanied by Asia Pacific, North America, and Latin America in the same year. Europe region is projected to dominate the global agricultural biological market in the forecasted period. Spain and Italy hold a noteworthy share of the market across the region.
The global agricultural biological market is segmented as follows:
By type:
Biostimulants
Biopesticides
Biofertilizers
By source:
Biochemicals
Microbials
By mode of application:
Seed treatment
Foliar spray
Soil treatment
By application:
Oilseeds & pulses
Cereals & grains
Fruits & vegetables
By region:
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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