In the report titled “The Top Trends in the Agricultural Biologicals Market by Agricultural Biologicals, Biocontrols, Bio fungicides, Bioinsecticides, Bio nematicides, Biostimulants, Biofertilizers, Inoculants, Pheromones, Biological Seed Treatment – Global Forecast to 2028″ published by MarketsandMarkets, the agricultural biologicals market is forecasted to grow at a CAGR of 13.7% from an estimated value of USD 14.7 billion in 2023 to reach USD 27.9 billion by 2028.
Growing Agriculture Biological Market: Key Factors Driving Growth:
- Rising awareness of organic food and concerns about chemical risks
- High demand for valuable crops and increased awareness of residue levels
- Favorable regulatory frameworks supporting sustainable agricultural practices
- Adoption of agricultural biological products contributing to market expansion
Bio nematicides: Leading Market Trend in Agricultural Biologicals:
The fastest-growing trend in the market, addressing nematode-related crop losses. Challenges include controlling nematodes without harming plant growth. Bio nematicides are gaining importance globally for effective nematode control, with crop protection chemicals and nematode control driving market growth.
Bioinsecticides: Second-Most Important Market Trend:
Growing awareness of agricultural technology and increasing pest attacks pose significant threats to high-value crops. There is strong demand for bioinsecticides, particularly in North America, as biopesticides serve as sustainable alternatives to chemical pesticides.
Intense Competition in Europe and Americas:
Europe and the Americas offer substantial market potential. Stringent regulations, consumer demand for sustainable products, and government support drive competition. International manufacturers strive to leverage opportunities in the agricultural biologicals sector.
Leading Companies and Players:
Well-established and financially stable players operate in the industry, including BASF SE, Bayer AG, UPL, Pro Farm Inc., Corteva AgriSciences, and others. These companies focus on marketing strategies, product portfolio, and development. Other notable players include Valagro S.P.A., Syngenta AG, Stockton Bio-AG, and Rizobacter.
