The agricultural biologicals market is estimated to reach a value of USD 6.75 Billion in 2017, and is projected to reach USD 12.86 Billion by 2022, at a CAGR of 13.77% from 2017. The market is influenced by the adoption of modern agricultural practices along with the regulatory support for a sustainable approach to limit excessive agrochemical application.
The report "Agricultural Biologicals Market by Type (Biopesticides, Biofertilizers, and Biostimulants), Source (Microbials and Biochemicals), Mode of Application (Foliar Spray, Soil Treatment, and Seed Treatment), Application, and Region - Global Forecast to 2022", The agricultural biologicals market is projected to be USD 12.86 Billion by 2022, at a CAGR of 13.77% from USD 6.75 Billion in 2017. As agricultural biologicals ensure low residue load and have an effective action against the targeted pests, these aspects are expected to reduce environmental and health risks to the applicators, and in turn, are projected to have a strong influence on fruits & vegetables in the next five years.
Browse 88 market data Tables and 45 Figures spread through 179 Pages and in-depth TOC on "Agricultural Biologicals Market by Type (Biopesticides, Biofertilizers, and Biostimulants), Source (Microbials and Biochemicals), Mode of Application (Foliar Spray, Soil Treatment, and Seed Treatment), Application, and Region - Global Forecast to 2022"
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Biopesticides segment estimated to dominate the market with the largest share in 2017
The biopesticides segment is estimated to be the largest type of agricultural biologicals in 2017.
The product portfolios of major companies involved in the pesticides industry have focused on the development of bioinsecticides and biofungicides. Some key companies have been entering into R&D agreements to develop innovative biopesticide products for seed treatment; this segment thus occupied the largest share.
Microbials segment is projected to be the fastest-growing market during the forecast period
The microbials segment is projected to grow at the highest CAGR during the forecast period due to the wide use of beneficial microorganisms to help reduce the usage of synthetic fertilizers and chemical pesticides, thereby reducing investment costs of farmers. Microbials also provide essential benefits to crops in terms of efficiency and productivity.
North American region is estimated to dominate the market in 2017
Decline in trend of the usage of synthetic pesticides and fertilizers in North America for its harmful effects on the environment and increase in the application of integrated pest management are the factors fueling the demand for agricultural biologicals in North America.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Bayer (Germany), Syngenta (Switzerland), Monsanto BioAG (US), BASF (Germany), and DowDuPont (US).
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