The 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. The report offers assessment and analysis of the agricultural biological market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Details of the Report:
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Report Metric |
Details |
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Base Year |
2019 |
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Historical Data |
2017 and 2018 |
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Forecast period |
2020-2026 |
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Market Representation |
Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026 |
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Segments Analyzed |
By Type, By Source, By Mode Of Application, By Application, and By Region |
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Regions Analyzed |
North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa |
Introduction
Biological agriculture is a process of environment friendly farming that does not make usage of pesticides or fertilizers. Furthermore, biological farming is defined as manufacturing system dependent on rotation on crops and recycling of animal manure and crop residues. In addition to this, it knows the requirement of balanced relationship between 3 aspects of the land, particularly, chemical nutrients, physical features, and biological facades for sustainment of life on the earth.
In addition to this, biological agriculture is financially & ecologically sustainable agriculture manufacturing system that helps in promotion of safe use of products for treating crops to enhance its yield. Furthermore, agricultural biologicals are a product assortment that are extracted through organic matter including extracts of plants as well as naturally occurring microbes. These agricultural biologicals are used in agriculture soil for enhancing the crop yield along with improving its health.
Market Growth Dynamics
The rapid expansion of the agricultural biological market over forecast timeline can be ascribed to massive requirement for innovations in farming activities for fulfilling dietary needs of the exploding global population. Apart from this, escalating demand for organic food items, need for increasing crop output, and exponential rising costs of fertilizers will embellish the market growth over the forecast timespan. In addition to this, surge in the utility of microbial seed treated products and effective residue management will exponentiate the growth of the agricultural biological industry over the forthcoming years.
Apart from this, favorable government laws supporting the use of agricultural biologicals will boost the market trends. Moreover, growing preference for sustainable farming activities will increase the product penetration across the globe over the years to come.
Europe To Lead Overall Market Growth During Period From 2020 To 2026
The growth of the market in the region over the forecast timeframe is owing to rise in the crop yield, growing demand for organic items, improved crop quality, and acceptance of new technology in farming activities. Countries and Italy and Spain are predicted to be the major regional revenue pockets over the forecast timeline.
Key players influencing the market growth are BASF SE, Koppert B.V., Syngenta, Marrone Bio Innovation Inc., The Dow Chemical Company, Certis USA LLC, Bayer AG, Isagro, Novozymes, and Arysta LifeScience Corporation.
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
Frequently Asked Questions
Massive requirement for innovations in farming activities for fulfilling dietary needs of the exploding global population will prop up the growth of Agricultural Biological Market by 2026.
The CAGR of the industry is expected to be nearly 14.22% during the forecast timeline.
Europe will contribute remarkably towards the global market share over the estimated timeline.
