The Agricultural Biologicals Market includes products such as biopesticides, biofertilizers, and biostimulants. Factors influencing the market growth include the increasing demand for sustainable farming practices, rising awareness about the environmental impact of chemical pesticides and fertilizers, and the growing trend towards organic farming.
To find the latest agricultural biologicals market forecast, consider looking into reports from market research firms, industry associations, and government agencies. Additionally, news articles and updates from agricultural and biotechnology sources can provide insights into current trends and future projections.
The agricultural biologicals market share is projected to reach USD 27.9 billion by 2028 from USD 14.6 billion by 2023, at a CAGR of 13.8% during the forecast period in terms of value. The market for agricultural biologicals is experiencing growth due to growing organic farming and government initiatives.
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=100393324
South America to boost market growth during the forecast period
Due to the vast agricultural lands in South America, there is a growing awareness and concern regarding the environmental impact of conventional agricultural practices. To address these concerns, there is an increasing demand for agricultural biologicals as they provide more sustainable alternatives by reducing the reliance on synthetic pesticides and fertilizers. These biological products are derived from naturally occurring substances like beneficial microorganisms, plant extracts, and biopesticides, which contribute to improved soil health, biodiversity, and overall ecosystem sustainability. Additionally, South American countries are significant exporters of agricultural commodities, and to meet the stringent regulations of international markets, particularly in Europe and North America, farmers are adopting agricultural biologicals as a sustainable and residue-free alternative to conventional agrochemicals.
Agricultural Biologicals Market trends
Following are Agricultural Biologicals Market trends:
Increasing Demand for Sustainable Agriculture:
- Growing awareness of environmental issues and the need for sustainable agricultural practices is driving the demand for biological products.
- Consumers are increasingly seeking products grown using environmentally friendly and sustainable methods.
Rise in Organic Farming Practices:
- With an increasing focus on health and wellness, there is a growing trend toward organic farming.
- Agricultural biologicals, including biopesticides and biofertilizers, are key components of organic farming practices.
Advancements in Biotechnology:
- Ongoing advancements in biotechnology contribute to the development of more effective and targeted biological products.
- Improved understanding of plant-microbe interactions and genetic engineering techniques are enhancing the efficacy of agricultural biologicals.
Integrated Pest Management (IPM):
- The adoption of Integrated Pest Management practices is rising, encouraging the use of biological control agents alongside traditional chemical methods.
- Farmers are incorporating a combination of biologicals, crop rotation, and other IPM strategies for pest and disease management.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=100393324
