Asia-Pacific Agricultural Biologicals Market was worth USD 3.45 billion in 2016 and is projected to grow at a CAGR of 6.15%, to reach USD 4.66 billion by 2021.
Agricultural biologicals are an essential components of an organic farming and are going to witness a strong increase in demand due to its eco-friendly properties. These biological products boost soil fertility as well as enhancing the yield of the crop.
In addition to this, these products will improve the fertility of soil by solubilizing the insoluble phosphates, fixing atmospheric nitrogen and thereby producing plant growth substances in the soil.
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Drivers such as increasing demand for organic products, growing number of population, improving yield and productivity, increasing spending’s in R&D efforts, rapid growth in the use of these products in seed treatment, support from the government and increasing health consciousness are propelling the growth of the market.
Lack of awareness among the farmers and reluctant to change from existing practices of chemical pesticides are hindering the growth of the market.
Based on type, market is segmented into Bio pesticides, Biofertilizers, 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 Others. Based on sources, market is further segmented into Microbial, Biorationals and Others.
On the basis of Mode of application, market is segmented Soil Treatment, Seed Treatment and Foliar Spray. On the basis of geography, the Asia-pacific market is analysed under various regions namely Japan, China, Australia, India and South Korea.
Some of the major players influencing Asia-Pacific Agricultural Biological Market are BASF, Bayer Crop Science, Syngenta, Novozymes A/S, Isagro, ArystaLifescienceLimited, ArystaLifeScience Corporation, ValentBioScience Corporation, Marrone Bio Innovations Inc., Certis U.S.A and Koppert B.V.
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