Agricultural Biologicals Market Overview

Agricultural biologicals Market are products derived from living organisms or natural substances that are used to improve plant health and productivity. They include a wide range of products, such as biofertilizers, biopesticides, and biostimulants. Agricultural Biologicals Market Size was valued at USD 8.0 billion in 2022. The Agricultural Biologicals market industry is projected to grow from USD 8.9 Billion in 2023 to USD 17.9 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.2% during the forecast period (2023 - 2030). Increasing awareness among the farmers regarding the benefits of biologicals has increased the demand for agricultural biologicals as the key market drivers enhancing market growth.

Market Drivers

The global agricultural biologicals market is expected to grow at a significant rate over the next decade, driven by a number of factors, including:

• Increasing demand for sustainable agricultural practices: Farmers are increasingly looking for ways to reduce their reliance on synthetic chemical fertilizers and pesticides. Agricultural biologicals offer a sustainable alternative that can help farmers improve their yields and reduce their environmental impact.
• Growing awareness of the benefits of agricultural biologicals market Outlook : Farmers are becoming more aware of the benefits of agricultural biologicals, such as their ability to improve soil health, increase crop yields, and reduce pest and disease pressure.
• Government support for the use of agricultural biologicals: Governments around the world are supporting the use of agricultural biologicals through various initiatives, such as subsidies and tax breaks.

Market Segmentation

The global agricultural biologicals market can be segmented by type, application, and crop type.

By type, the agricultural biologicals market can be segmented into:

• Biofertilizers
• Biopesticides
• Biostimulants

By application, the agricultural biologicals market can be segmented into:

• Soil treatment
• Seed treatment
• Foliar application

By crop type, the agricultural biologicals market can be segmented into:

• Cereals and grains
• Oilseeds and pulses
• Fruits and vegetables
• Turf and ornamentals

Competitive Landscape

The global agricultural biologicals market is highly fragmented, with a number of small and medium-sized enterprises operating in the space. However, there are also a number of large multinational companies that are involved in the market, such as Bayer, Syngenta, and BASF.

Read More : https://www.marketresearchfuture.com/reports/agricultural-biologicals-market-6629

Conclusion

The global agricultural biologicals market is expected to grow at a significant rate over the next decade, driven by a number of factors, including increasing demand for sustainable agricultural practices, growing awareness of the benefits of agricultural biologicals, and government support for the use of agricultural biologicals.