The agricultural biologicals market is set to witness substantial growth, with an anticipated size of USD 27.9 billion by 2028, reflecting a significant increase from the 2023 figure of USD 14.6 billion. This surge is attributed to a compound annual growth rate (CAGR) of 13.8% during the forecast period. The driving force behind this expansion is the increasing global demand for safer and more sustainable alternatives to chemical pesticides, as governments and regulatory bodies tighten regulations to protect human health and the environment.
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Governments and regulatory bodies worldwide are acknowledging the potential risks associated with chemical pesticides, ranging from adverse effects on human health to environmental concerns. The push for stricter regulations aims to limit the use and impact of chemical pesticides, prompting a significant shift in the agricultural industry. The recognition of agricultural biologicals as safer and sustainable alternatives has consequently fueled their adoption on a global scale.
The rise of Integrated Pest Management (IPM) is contributing to the growth of the agricultural biologicals market. IPM, recognized as a holistic approach to pest control, advocates for diverse strategies, including biological control methods. Agricultural biologicals play a pivotal role in promoting sustainable pest management within the framework of IPM, offering farmers effective tools to manage pests while minimizing environmental and health impacts. This trend presents substantial opportunities for the utilization of agricultural biologicals across diverse cropping systems.
The European Union (EU) has taken a forefront position in implementing stringent regulations on chemical pesticides. The Sustainable Use Directive (2009/128/EC) encourages integrated pest management practices and non-chemical methods, leading to a significant reduction in the use of chemical pesticides within European agriculture. The EU’s emphasis on biological controls has driven the adoption of agricultural biologicals in the region.
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North America is expected to dominate the global agricultural biologicals market, fueled by a high level of awareness and willingness among farmers in the United States and Canada to embrace sustainable agricultural practices. The increasing demand for organic and sustainable food, coupled with concerns about chemical pesticide use, has driven the active pursuit of alternatives like agricultural biologicals in these regions. The well-established distribution networks and marketing channels for agricultural inputs in North America have further facilitated accessibility, contributing to the robust growth of the agricultural biologicals market.
The agricultural biologicals market’s trajectory is significantly influenced by the global shift towards stricter regulations on chemical pesticides, prompting a surge in demand for safer and sustainable alternatives. As the adoption of Integrated Pest Management practices continues to rise, agricultural biologicals are poised to play a crucial role in shaping the future of pest control in agriculture, ensuring a balance between productivity and environmental stewardship.
