Agriculture & Forestry Industry Market News

Research report explores the agricultural biologicals market to hit 13.80% CAGR to reach US$ 14.65 billion by 2023

Agriculture Market Research

The agricultural biologicals include raw material suppliers, R&D institutes, crop protection companies and plant biotechnology such as Bayer, Syngenta, BASF, Monsanto BioAg, and government bodies & industry associations such as US Department of Agriculture (USDA), European Biostimulants Industry Council (EBIC), Biostimulant Coalition, International Federation of Organic Agriculture Movements (IFOAM), International Seed Federation (ISF), & American Seed Trade Association (ASTA).

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The agricultural biologicals market is projected to grow at a CAGR of 13.80% to reach USD 14.65 Billion by 2023 from USD 6.75 Billion in 2017. The role of agricultural biological products has become a part of integrated pest management practices (IPM) in developed markets, wherein the biological products are used in combination with new synthetic crop chemistries.

Key Target Audience:

  • Raw material and manufacturing equipment suppliers
  • System integrators
  • Software providers
  • Network service providers
  • Distributors and resellers
  • Telecom operators
  • Telecom infrastructure vendors
  • Device manufacturers
  • Telecom network operators
  • Technology investors
  • Research organizations
  • Cellular technology-related associations, organizations, forums, and alliances

North America accounted for largest share of Agricultural biologicals market, while Europe is projected to be fastest-growing in biopesticides market over next six years.

Biopesticides are expected to be a potential substitute for synthetic pesticides in Europe due to growing regulations on chemical usage and maximum residue levels (MRLs). Ban on use of important pesticides in global market such as neonicotinoids, glyphosate, & paraquat is expected to drive growth of European biopesticides industry.

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The global market for biostimulants is projected to gain strong growth during the forecast period due to their indispensable properties such as activating plant physiology, stimulating soil microbial function, and adjusting nutrients and pH in the rhizosphere. Europe is expected to lead this market, followed by the Asia Pacific and North America, throughout the study period.

Breakdown of the profile of primary participants is as follows:

  • By Company Type: Tier I – 25 %, Tier II – 34%, and Tier III – 41%
  • By Designation: C-level Executives – 15%,Directors – 55%, and Others – 30%
  • By Region: Americas – 45%, Europe – 30%, Asia Pacific – 20%, and RoW – 5%

The market is dominated by key players such asBayer (Germany), Monsanto BioAg (US), Syngenta (Switzerland), BASF (Germany), Dow DuPont (US), and Arysta Life Science (US).

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The top trends in the agricultural biologicals market are segmented market-wise, with a detailed analysis of each market by studying the individual competitive landscapes. The regions covered in this report include North America, Europe, Asia Pacific, and the Rest of the World (RoW).

Research Coverage:

  • This study estimates the market size of the top global trends in the agricultural biologicals market, in terms of value, till 2023.
  • It offers a detailed qualitative and quantitative analysis of this market with reference to the competitive landscape, and the preferred development strategies such as expansions, acquisitions, new product developments, and agreements for each of the trends covered under this market.
  • It provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and the key issues of the overall market broadly.

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