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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Introduction of Technology Based, Innovative and Sustainable Solutions Likely to Boost Market Growth
Several companies are looking to incorporate technology to produce novel, more effective and sustainable products. For example, in 2021, Syngenta Crop Protection and Insilico Medicine came together to employ artificial intelligence and deep learning to speed up the invention of new, more sustainable products and technologies for growers.
In 2023, Loveland Products, a part of Nutrien Ltd., announced the launch of Accomplish MAX™, a next-generation biocatalyst that offered nutrient efficiency and crop stress tolerance benefits. The product was available through Nutrien Ag Solutions retail locations. Accomplish MAX is a proprietary combination of Loveland Products’ Accomplish® biocatalyst technology and a front-line kelp technology designed to improve crop tolerance to abiotic stressors such as cold temperatures, drought and fertilizer salts.
In 2021, BASF and AgBiome collaborated to introduce a new biological fungicide for Europe, Middle East and Africa. Developed by AgBiome and marketed as Howler® in the United States, the biological fungicide with multiple action modes provided preventative, long-lasting activity on a wide range of soilborne and foliar diseases.
Such innovative and technologically advanced solutions are likely to promote market growth.
Agricultural Biologicals Market Report Snapshots
Agricultural Biologicals Market Size
Agricultural Biologicals Market Growth
Agricultural Biologicals Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global agricultural biologicals market is projected to grow at a CAGR of 12.5% between 2024 and 2032.
The major drivers of the market include sustainable agricultural solutions, rising consumer interest in organic solutions, the resistance of weeds and insects to agricultural chemicals, and concerns about the impact of prevailing agricultural practices on the environment.
The growing need for novel innovations and the increasing global population are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The types of agricultural biologicals in the market are bio-pesticides, bio-stimulants, and bio-fertilisers.
Based on sources, the market is divided into microbials and biochemicals, among others.
By mode of application, the market is divided into foliar spray, seed treatment, soil treatment, and post-harvest.
The various types of crops are classified into cereals and grains, oilseeds and pulses, fruits and vegetables, among others.
The major players in the industry are BASF SE, Gowan Company, L.L.C. (Isagro S.p.A.), Syngenta Crop Protection AG, Marrone Bio Innovations, Inc., Vegalab SA, and Lallemand Inc., among others.
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