Global Agricultural Biologics Industry to reach USD 18.9 billion by 2025.
Global agricultural biologics Industry is valued approximately USD 6.75 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 13.77 % over the forecast period 2019-2025. Growth in trend of sustainable agricultural, low residue load and supportive government regulations are some key trends that are responsible for the wide adoption of agricultural biologics globally. Growing demand for organic food would increase the adoption of agricultural biologics as these are used to grow nutritious and health crop.
Global agricultural biologics Industry is significantly driven by growth prospects for organic foods. According to the Inter-American Institute for Cooperation on Agriculture in 2018, United States continues to be the largest Industry for organic foods across the world representing around 48% of the total, followed by France 8% and Germany 12%. In 2016, organic products exceeded to 5% of total sales and sales of organic commodities increase 23% as compared to previous year. Additionally, demand for organic beef, chicken and dairy products continues to rise, has resulted in an annual increase in organic soybean and corn imports around 33% per year. As a result, the demand and adoption of agricultural biologics would increase thereby, aiding the growth of the Industry over the forecast period of 2019-2025. Further, opportunities for microbial seed treatment products and Industry potential in developing countries offers lucrative growth prospects for the global agricultural biologics Industry globally over the forecast period. However, limited product availability and low efficacy of biologicals are the major factors that impede the growth of global agricultural biologics Industry.
On the basis of segmentation, the agricultural biologics Industry is segmented into type, source, mode of application and application. Type segment of global agricultural biologics Industry is classified into biopesticides, biostimulants and biofertilizers of which biopesticides is expected to emerge as the fastest growing segment owing to the increasing demand for bioinsecticides and biofungicides for integrated pest management. Based on source segment, the agricultural biologics Industry is diversified into microbials, biochemicals and others of which as these have various characteristics that helps in the control bacteria, fungi, insects and weeds. On the basis of mode of application segment, the Industry is bifurcated into foliar sprays, soil treatment and seed treatment. Based on the application segment, the Industry is classified into cereals & grains, oilseeds & pulses, fruits & vegetables and other crop types of which cereals and grins segment is anticipated to be the fastest growing segment as these are the major cereals treated with biological products for crop protection.
The regional analysis of Agricultural Biologics Industry is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. Asia-Pacific have occupied major share in the global Agricultural Biologics Industry. The major reasons for the dominance of Asia-Pacific are increasing demand for crop nutrition and protection products in Asian countries and also seed manufacturers such as Monsanto, Bayer and Syngenta have been showing interest in tapping this potential Industry. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of Industry share. The growth of Asia-Pacific region is witnessed owing to companies working to expand R&D centers across this region.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Agricultural Biologics Industry Share and Size by 2019-2025
Agricultural Biologics Market Segmentation:
By Mode of Application:
* Foliar Sprays
* Soil Treatment
* Seed Treatment
* Cereals & Grains
* Oilseeds & Pulses
* Fruits & Vegetables
* Other Crop Types
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Agricultural Biologics Market are as follows:
Monsant - Bioag
Marrone Bi - Innovations
Certis USA LLC