Top Trends in the Agricultural Biologicals Market by Agricultural Biologicals, Biocontrols, Bio fungicides, Bioinsecticides, Bio nematicides, Biostimulants, Biofertilizers, Inoculants, Pheromones, Biological Seed Treatment – Global Forecast to 2026
Northbrook, IL 60062 — (SBWIRE) — 08/03/2022 — The Top Trends in the Agricultural Biologicals Market is projected to grow at a CAGR of 11.9% from an estimated value of USD 10.6 billion in 2021 to reach USD 18.5 billion by 2026 The market is driven by factors such as increased awareness towards organic food, growing concerns about the hazards of using chemicals, demand for high-value crops, and increase in awareness about residue levels in food, and favorable regulatory framework for the application of agricultural biologicals products are some of the key drivers for growth in agricultural biologicals market.
Bio nematicides is estimated to be the most important market trend among the top trends in agricultural biologicals market.
Bionematicides are the fastest-growing trend in the agricultural biologicals market. Nematodes result in a heavy infestation of the plant parts such as roots, leading to heavy losses of crops every year. The major challenge is to feed the growing population and ensure food safety. It doesn’t kill the plant but hampers the growth of the plant, due to which bionematicides are gaining importance across the world.
Bioinsecticides is estimated to be the second-most important market trend in the agricultural biologicals market.
Bioinsecticides are projected to stand second, in terms of the fastest-growing trends, during the forecast period from 2021 to 2026. The rising awareness about technology in agriculture, high-value crops, and increased level of pest attacks due to various factors are the major drivers for the growth of bioinsecticides market. Various high-value crops such as corn, soybean, potato, and tomato face strong infestation by insects. Hence, bioinsecticides are experiencing high demand across regions, especially in North America.
Significant competition to capitalize on the market potential among international manufacturers in the Europe and American regions.
The need to maintain a minimum residual level in food products and high growth prospects for organic food has been driving the agricultural biologicals market in these regions. Developed countries adopt modern agricultural practices and have strict regulations to limit excessive agrochemical applications. Therefore, the markets in Europe and North America are influenced by such drivers. The awareness regarding the sustainable benefits of biologicals has promoted the growth in developing countries such as Asia Pacific and South America.
Key players include BASF SE (Germany), Bayer AG (Germany), UPL (India), Marrone Bio Innovations (US), Corteva AgriSciences (US), Valent BioSciences (US), Koppert Biological Systems (Netherlands), and Certis USA LLC (US), which are some of the well-established and financially stable players that have been operating in the industry for several years. Other players include Valagro S.P.A. (Italy), Syngenta AG (Switzerland), Stockton Bio-AG (Israel), Valent BioSciences (US), and Rizobacter (Argentina), among others.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
For more information on this press release visit: http://www.sbwire.com/press-releases/top-trends-in-the-agricultural-biologicals-market-is-predicted-to-expand-185-billion-by-2026-1361706.htm
Media Relations Contact
Email: Click to Email Amish Keshwani