Agricultural Biological Market is estimated to be US$ 33.71 billion by 2030 with a CAGR of 13.7% during the forecast period
Agricultural Biological Market accounted for US$ 9.34 billion in 2020 and is estimated to be US$ 33.71 billion by 2030 and is anticipated to register a CAGR of 13.7%. Biological agriculture is an environmentally friendly farming method that produces healthy and nutritious food without the use of chemical pesticides and fertilisers. It is characterised as a production method that relies on organic elements such as plant extracts and naturally occurring microorganisms and is based on crop rotation and recycling of animal dung, green manure, and crop leftovers. It is a method of agricultural production that is both economically and environmentally sustainable and encourages the use of safe crop treatment products.
The report "Global Agricultural Biological Market, By Type (Bio Fertilizers, Bio Pesticides and Bio Stimulants), By Source (Microbial and Biochemical), By Application (Cereals & Grains, Oilseeds & Pulses and Fruits & Vegetables) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’
Key Highlights:
· In March 2021, FBN DIRECT LAUNCHES PORTFOLIO OF BIOLOGICAL SOLUTIONS FOR CROPS. Farmer’s Business Network has launched 17 new biological products available to U.S.-based members through FBN Direct, the company announced in a press release in mid-March.
Analyst View:
The global agricultural biological market is growing because to rising demand for organic products and rising costs of pesticides and fertilisers as a result of rising population. In addition, rising demand for organic foods, fewer chemical dangers, and a favourable regulatory environment all contribute to the worldwide agricultural biological market's expansion. Furthermore, the use of ecological farming practises to maintain crop health, as well as the use of microbial seeds and easier residue management, are all contributing to the worldwide agricultural biological market's growth.
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Key Market Insights from the report:
Global Agricultural Biological Market accounted for US$ 9.34 billion in 2020 and is estimated to be US$ 33.71 billion by 2030 and is anticipated to register a CAGR of 13.7%. Global Agricultural Biological is segmented into type, source, application and region.
· Based on Type, the Global Agricultural Biological Market is segmented into Bio Fertilizers, Bio Pesticides and Bio Stimulants.
· Based on Source, the Global Agricultural Biological Market is segmented into Microbial and Biochemical.
· Based on Application, the Global Agricultural Biological Market is segmented into Cereals & Grains, Oilseeds & Pulses and Fruits & Vegetables.
· By Region, the Global Agricultural Biological Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the maximum share in the growth of global agricultural biological market owing to increasing demand for organic farm production and stringent regulations against the use of chemical fertilizers.
Competitive Landscape & their strategies of Global Agricultural Biological Market
The key players in the global Agricultural Biological Market includes Bayer Crop science AG, Syngenta, Monsanto Bio AG, BASF, Valent Biosciences Corporation, Marrone Bio Innovation Inc., Novozymes, Marrone Bio Innovation Inc., Certis U.S.A LLC and Arysta Life Science Corporation.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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