The global agricultural biologicals market size was valued at USD 10,923.8 million in 2021 and is poised to grow at a significant CAGR of 14.8% during the forecast period 2022-28. The primary reasons that have contributed to a significant increase in food production are population growth and increased consumption of food & goods across globe. Strong organic farming programmes, as well as growing environmental consciousness have increased demand for agricultural biologicals in the agriculture business. Moreover, factors such as deteriorating soil health due to increased use of chemical-based crop protection technologies, decreasing production, and increased insect infestations are driving the expansion of the biologicals segment for crop protection and crop improvement.

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The Biopesticides segment is Dominating the Agricultural Biologicals Market
The Biopesticides segment is expected to account for a larger revenue share and the market is expected to grow at double digit growth rate over the forecast years due to supportive government and market efforts to encourage the use of efficient and environmentally friendly agri-inputs is anticipated to promote market growth in the next years. For instance, in March 2020, the Reserve Bank of India (RBI) adopted a new measure, allowing banking organizations to offer a three-month halt to crop loans and agriculture terms in exchange for a 3% reduction in crop credit interest rates up to USD 4,022.29.

The global Agricultural Biologicals Market segmentation:

• By Product: Biopesticides, Biostimulant, Biofertilizers
• By Application: Oilseeds & Pulses, Fruits &Vegetables, Cereals & Grains, Others

North America Leads Agricultural Biologicals Market
North America is expected to hold significant market share in the global Agricultural Biologicals market and is projected to grow at a prominent growth rate over the forecast years owing to the expansion of the market in the region can be ascribed to the constantly evolving agricultural practices in terms of farming techniques, technological adaptations, ongoing research and development, and government policies that promote sustainable farming methods. Moreover, Europe is the second-largest regional market. Europe recorded a 70% rise in organic farmlands during the past decade, with over 250,000 farms involved in organ harvesting. The largest retail markets for organic produce in Europe include Germany followed by France, Italy, and the U.K.

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Key player’s profiles in the Agricultural Biologicals market report are BASF (Germany), Syngenta (Switzerland), Bayer AG (Germany), UPL (India), Marrone Bio Innovation, Inc (US), Gowan Company (US), Vegalab SA (Switzerland), Lallemand Inc (Canada), Valent Bioscience (US), Koppert Biologicals System (Netherlands), Biovert S.L. (Spain), Trade Corporation International (Spain).

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