The Agricultural Biologicals market accounted for $8.95 billion in 2019 and is expected to reach $28.56 billion by 2027 growing at a CAGR of 15.6% during the forecast period.
Some of the factors like, increasing preference for organic products and high development costs of synthetic crop protection products are the driving the growth of the market.
However, poor infrastructure & high initial investment is hampering market growth.
Agricultural biologicals are a technique of environmental farming without the use of chemical pesticides and fertilizers to grow healthy and nutritious food.
It makes use of topical or seed treatment products formed of natural materials.
These products help protect plants against pests and are increasingly becoming an integral part of modern farming practices.
Based on the product, the biopesticides segment is estimated to have a lucrative growth due to increasing focus of farmers and agriculturists towards the development of pest resistance products for crops in order to raise the yield of quality crops.
By geography, North America is going to have a lucrative growth during the forecast period due to constantly evolving agricultural practices with respect to farming techniques, technological adaptations and constant research & development and government regulations promoting sustainable farming methods.
Some of the key players profiled in the Agricultural Biologicals Market include BASF SE, Bayer CropScience, Isagro S.p.A, Koppert Biological Systems, Marrone Bio Innovations, Novozymes A/S, Syngenta AG, UPL, Valagro S.p.A, Valent Biosciences, Kiwa Bio-Tech Products Group Corporation, Agrinos Inc., Sigma Agri-Science, LLC, Agricen and Lallemand Inc.
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