Agricultural Biologicals Market to Reach USD 29.31 Billion by 2029; Modifications in Agricultural Inputs Industry to Augur Growth

The global agricultural biologicals market size was valued at USD 10.25 billion in 2021. The market is projected to grow from USD 11.66 billion in 2022 to USD 29.31 billion by 2029, exhibiting a CAGR of 14.07% during the forecast period.

This information is provided by Fortune Business Insights, in its report titled, “Agricultural Biologicals Market Size, Share & COVID-19 Impact Analysis, By Type (Biopesticides, Biostimulants, Biofertilizers), By Source (Microbial, Biochemicals), By Application Method (Foliar Spray, Soil Treatment, Seed Treatment, Others), By Crop (Row Crops, Fruits & Vegetables, Others), and Regional Forecast, 2022-2029.”

Growing cases of pest outbreaks in crops, an upsurge in consciousness and demand for highest quality yield from the farm produce, and the expansion of pest resistance to a few plant protection products are among the prime aspects contributing to the growth of the global market.

Commotions in Supply Chain Owing to Execution of Trade Limitations amid COVID-19 to Impede Market Performance

The sudden outbreak of the COVID-19 pandemic has been impacting the global economy since its arrival, as governments throughout the world executed lockdowns and constrained the mobility of their populace. All the industrial sectors took an enormous toll, as their dealings were postponed, intercontinental travel froze, and only vital businesses such as medicines and food were allowed to work. The severity and haste with which the pandemic swayed the global economy, and in specific the agriculture and food system, obstructed the trade of agricultural biologicals.

Corteva Unveils its First Nutrient Proficient Biostimulant

Corteva Agriscience presented its first nutrient proficiency biostimulant, Utrisha N, offering Canadian farmers an organically derived biological instrument to operatively administer their nitrogen investment, decrease their carbon footprint, and offer crops’ access to nitrogen all season long.

Utrisha N is an organic bacterium that functions by seizing nitrogen from the air and transforming it to a plant-usable form while improving plant growth and resilience by offering crops with a continuous supply of nitrogen throughout the lifecycle of the plant.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/agricultural-biologicals-market-100411

Alteration in the Agricultural Biologicals Inputs Industry to Boost Growth

The global market is determined by an affirmative transformation in the agricultural biologicals inputs scenario. Dynamics, such as food security and public health, are fundamentally related globally and have been determined from all the shareholders in the agri-food industry to guarantee maintainable food production. The amount of Plant Protection Products (PPPs) utilized has doubled across the globe although the manufacturing of conventional (synthetic) PPPs has reduced owing to strict guidelines and increasing consciousness toward eco-friendly food production.

Innovative Product Launch Announcement by Key Players to Bolster Agricultural Biologicals Market Growth

The prominent players adopt several strategies to bolster their position in the market as leading companies. One such key strategy is acquiring companies to bolster the brand value among users. Another essential strategy is periodically launching innovative products with a detailed study of the market and its target audience.

Notable Industry Development:

• March 2021 – Bayer AG declared its presentation of Vynyty Citrus, which is the recent most biological and pheromone-based crop protection product for regulating the pest outbreaks on citrus farms.

List of Key Players Mentioned in the Report:

• Bayer AG (Germany)


• BASF SE (Germany)


• Syngenta AG (Switzerland)


• UPL Limited (India)


• Marrone Bio Innovations (U.S.)


• SEIPASA S.A. (Spain)


• Koppert Biological Systems (Netherlands)


• PI Industries (India)


• Novozymes A/S (Denmark)


• Gowan Group (U.S.)

Further Report Findings

On the basis of application method, the global market has been classified into foliar spray, soil treatment, seed treatment, and others. The foliar spray segment held the major share in the market.

North America held the largest agricultural biologicals market share and accounted for USD 3.33 billion in 2021 in the global marketplace. The demand for biological crop production and crop protection products is rapidly surging due to strict limits on the usage of various synthetic crop protection chemicals as they pose significant threat to human health as well as environment.

Table of Segmentation