Agricultural Biologicals Market Size
Market Outlook:
Base Year Value (2023)
USD 14.4 Billion
CAGR (2024-2032)
10.9%
Forecast Year Value (2032)
USD 36.54 Billion
Historical Data Period
2019-2023
Largest Region
North America
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:Increasing demand for organic food products is A key factor driving growth for the Agricultural Biologicals Market. Consumers are becoming more health-conscious and are preferring organic and chemical-free food, which is driving the demand for agricultural biologicals.
Growing awareness about the harmful effects of chemical-based pesticides and fertilizers is another key driver for the Agricultural Biologicals Market. Farmers are increasingly adopting biologicals as an alternative to traditional chemicals in order to reduce their environmental impact and improve crop yields.
Rising government support for sustainable farming practices is also fueling the growth of the Agricultural Biologicals Market. Governments across the globe are promoting the use of biologicals through various incentives and subsidies, which is boosting the market growth.
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Crop-type, Product, Application, End-User |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | BASF SE, Syngenta AG, Bayer AG, UPL, Corteva Agriscience, The Mosaic Company, Pro Farm Group, Gowan Company, Vegalab SA, Lallemand, Valent BioSciences LLC |
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Limited awareness and knowledge about agricultural biologicals among farmers is A significant challenge for the market. Many farmers are still not fully aware of the benefits and applications of biologicals, which is hindering their adoption in some regions.
High cost of agricultural biologicals compared to chemical-based products is Moreover, a significant restraint for the market. The initial investment required for biological products is usually higher, which can be a deterrent for farmers with limited resources.
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