According to the report, the global agricultural biologicals market is expected to expand at a 14% CAGR between 2017 and 2021. Agricultural biological sources help farmers to improve crop productivity, maintain plant health, and reduce plant stress. To achieve all these, agricultural biologicals are required such as animal manure, organic green manure, residues, and other ecological techniques. They are mainly used as a part of the integrated pest management, offering innovative synthetic crop chemistries. They offer protection against insects, weeds, and pests. These factors are anticipated to boost the growth of the agricultural biologicals market.
The growing preference for organic farming techniques in place of chemical-based farming is one of the important factors driving the demand for agricultural biologicals. The growing population has led to increased pressure on land and other natural resources, which has resulted in increased damage to the ecological base of agriculture, not to mention other socio-economic issues.
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As most farmers have been using chemicals and inorganic fertilizers for soil improvement, the soil health has deteriorated. This has caused a shift towards organic farming and use of agricultural biologicals, on account of them being chemical-free. These agricultural biologicals boost agricultural productivity and crop yield. The input of agricultural biological improves fertility of the soil and produces plant growth substances in the soil. The growing number of supermarket chains offering organic foods is also fueling the growth of the global agricultural biological market.
On the basis of product, the market is segmented into biopesticides, biostimulants, and biofertilizers. Of these, the biopesticides segment held a dominant share in 2015 and accounted for 45% of the total market. Biopesticides are alternatives to chemical pesticides and are derived from natural sources such as minerals and bacteria. They are used extensively for the controlling the effects of weed, ticks, pests, mites, insects, and slugs on crops. Biopesticides can reduce the residue management issues and will continue to be in high demand.
By geography, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Of these, Europe is leading in the market. The market for agricultural biologicals in Europe is anticipated to cross US$3 bn by 2020 on account of the growing demand for organic products, need for high yield, reduction in chemical hazards, and easier management of residue.
The report discusses the competitive landscape of the global agricultural biologicals market. According to the report, this market is highly fragmented and is marked by the presence of a large number of big and mid-sized vendors. The production capacity of agricultural biologicals will witness a remarkable increase as players within the market are making use of advanced technological methods of production. Many players are also adopting the strategy of developing new production plants and acquiring existing players for expanding their production capacities. Price, brand, quality, and variety are the four aspects on which market players are competing with each other.
The report profiles leading players such as BASF SE, Koppert B.V., Agrinos AS, Bayer CropScience AG, T. Stanes & Company, Marrone Bio Innovations, Isagro SPA, Camson, Novozymes A/S, Certis USA, and Valent BioSciences. The business and financial overview of these players are given. Also, the recent accomplishments by these players are included. The various challenges that the players had to deal with and the business strategies adopted by them are revealed in the report. This helps readers, potential investors, new entrants, and even those established to get a clear idea as to how to earn maximum profits, by investing in the most lucrative segment, as well as which situations or factors could act as spoil sport and hamper their advancements.
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