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 projected 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 🌿
- Fastest-growing trend in the market, addressing nematode-related crop losses
- Challenges of controlling nematodes without harming plant growth
- Bio nematicides gaining importance globally for effective nematode control
- Crop protection chemicals and nematode control driving market growth
🦟 Bioinsecticides: Second-Most Important Market Trend
- Growing awareness of agricultural technology and increasing pest attacks
- Significant threat posed by insects to high-value crops
- Strong demand for bioinsecticides, particularly in North America
- Biopesticides as sustainable alternatives to chemical pesticides
🌍 Intense Competition in Europe and Americas 🤝
- Europe and Americas offer substantial market potential
- Stringent regulations, consumer demand for sustainable products, and government support driving competition
- International manufacturers striving to leverage opportunities in the agriculture biologicals sector
🏢 Leading Companies and Players
- Well-established and financially stable players operating in the industry
- BASF SE, Bayer AG, UPL, Pro Farm Inc., Corteva AgriSciences, and more
- Focus on marketing strategies, product portfolio, and development
- Other notable players: Valagro S.P.A., Syngenta AG, Stockton Bio-AG, and Rizobacter
