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North America agricultural biologicals market size worth $5.11 million by 2021 according to new research report

North America agricultural biologicals market size worth $5.11 million by 2021 according to new research report

North America agriculture biologicals market was worth USD 3.75 billion in 2016 and is expected to grow at a CAGR of 6.4%, to reach USD 5.11 billion by 2021.

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Agricultural biologicals are mostly used in agricultural practices to maintain crop health. These products will minimize harmful environmental consequences.

Agricultural biologicals combines innovation and science to imcrease the productivity of crops as well as enhancing crop health. Agricultural biological products helps in replacing conventional pesticides in the market due to their non-toxic quality and target specific behavior.

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However, consumers shift towards the organic foods in US leads to an increasing demand for these agricultural biological products and organic manures since these are prerequisites for the organic farming industry.

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Increasing demand for organic products, growing number of population, rapid growth in the use of these products in seed treatment, improving yield and productivity, increasing spending’s in R&D efforts, support from the government and increasing health consciousness are the factors boosting the growth of the market. Factors such as lack of awareness among the farmers and reluctant to change from existing practices of chemical pesticides are hindering the growth of the market.

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Based on type, market is segmented into Bio pesticides, Bio fertilizers and Bio stimulants. Bio Pesticides are further segmented into Bio insecticides, Bio nematicides, Bio Herbicides.

Based on Application, market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Others. Based on sources, market is further segmented into Microbial, Biorationals and Others.

On the basis of Mode of application, market is segmented into Soil Treatment, Seed Treatment and Foliar Spray. On the basis of geography, the North America market is analyzed under various regions namely U.S and Canada.

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Some of the major companies dominating the market, by their products and services include BASF, Bayer Crop Science, Syngenta, Novozymes A/S, Isagro, ArystaLifescience Limited, ArystaLifeScience Corporation, ValentBioScience Corporation, Marrone Bio Innovations Inc., Certis U.S.A and Koppert B.V.

 

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