Agricultural biological market is anticipated to grow at a significant CAGR of 8.9% during the forecast period. The rising awareness about organic food products is boosting the demand for agricultural biological is increasing across the globe. According to Food and Agriculture Organization of the United Nations (FAO) data, the global sales of organic food and drink reached more than $109 billion in 2019. Organic agriculture is practiced in 187 countries, and 72.3 million hectares of agricultural land were managed organically by at least 3.1 million farmers. Further, organic farmland increased by 1.1 Million hectares or 1.6% in 2019. In 2019 the countries with the largest organic markets were the US, Germany, and France. The largest single market was the US (42% of the global market), followed by the European Union (39%) and China (8%) with the highest per capita consumption in 2019 was Denmark. Hence the increasing demand for organic products and increasing organic farming is boosting the demand for agricultural biological as these are topical or seed treatment products made from natural materials such as naturally occurring microorganisms, plant extracts, beneficial insects or other organic matter, which are majorly used to replace chemicals used in agriculture farming. These biological are used to protect crops from pests, weeds, and diseases, thereby maintaining crops healthy.
The global agricultural biological market is segmented based on product, application and crop type. Based on product, the market is segmented into biopesticides, biostimulants, and biofertilizers. Based on application, the market is sub-segmented into foliar spray, seed treatment, soil treatment, and post harvest. Based on crop type the market is sub-segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The above mentioned segments can be customized as per the requirements. Among the product segment the biopesticides sub-segment is anticipated to hold a prominent market share, while the biofertilizers sub segment is anticipated to witness the fastest growth. The biopesticides contains biochemical, and microbial. Microbial pesticides, however, contain active ingredients such as bacterium, fungus, virus or protozoan, which control several types of pests. The highly utilized microbial pesticide includes strains of Bacillus thuringiensis, which forms a protein mix to kill the pests. Hence these factors are growing the biopesticides sub-segment during the forecast period.
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Agricultural Biologicals Market Segmentation
By Product
- Biopesticides
- Biochemicals
- Microbials
- Biostimulants
- Acid based
- Seaweed extract
- Microbials
- Others
- Biofertilizers
- Nitrogen Fixation
- Phosphate Solubilizing
- Others
By Application
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Post Harvest
By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Biolchim S.p.A.
- Biovert, SL
- GOWAN CO.
- Koppert B.V.
- Marrone Bio Innovation
- PI Industries Ltd.
- Rizobacter Argentina SA
- SEIPASA, S.A.
- STK bio-ag technologies
- SYMBORG CORPORATE, SL.
- TRADE CORPORATION INTERNATIONAL, S.A. UNIPERSONAL
- UPL Ltd.
- Valent BioSciences LLC
- Vegalab SA
- Verdesian Life Sciences
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