Regional Market Analysis:

The global agricultural biologicals market has been studied across five key regions, including Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The North American market held the largest share in 2017 and is projected to continue its dominance during the review period. The US is the leading consumer of agricultural biologicals in the region due to the presence of major manufacturing companies, such as DowDuPont, Valent Biosciences LLC, and Agrinos. There is a growing demand for biopesticides for fruits and vegetable, which propels the regional market growth. On 2nd February 2018, DowDuPont’s agricultural division, Corteva Agriscience, brought together DuPont Crop Protection, DuPont Pioneer, and Dow AgroSciences to produce a market-shaping, distinct agriculture company with leading positions in seed technologies, crop protection, and digital agriculture.

Top Market Players:

Some of the key players operating in the global agricultural biologicals market are DowDuPont (US), Isagro SpA (Italy), Novozymes (Denmark), Marrone Bio Innovations (US), Bayer AG (Germany), Syngenta (Switzerland), Monsanto Company (US), BASF SE (Germany), Valent Biosciences LLC (US), Koppert B.V. (Netherlands), Certis USA L.L.C (Colombia), Agrinos (US), and Arysta LifeScience Corporation (US).

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The Asia-Pacific market is expected to grow at a robust CAGR during the review period owing to the increasing consumer base, government subsidies, large cultivable lands, and growing agricultural business. China accounted for the largest market share in 2017 and is projected to maintain its dominance in the following years. India and Japan are other major economies implementing biopesticides and biofertilizers.

The European market accounted for the second-largest share in 2017 due to the surging demand for bio-based fertilizers and pesticides for the safe and enhanced productivity of crops. In 2017, Germany was the leading country in the region owing to increased use of biopesticides and biofertilizers in growing fruits and vegetables. In 2019, Bayer AG will be launching ‘Vayego’, a foliar and soil-applied insecticide for the use in rice, corn, and horticulture crops for controlling destructive caterpillars, beetles, and sucking pests. The other countries adopting agricultural biologicals in the region are Spain, Italy, and France.

The Latin American market is projected to grow at a moderate pace during the assessment period. Brazil, Mexico, and Argentina are the major countries attributing to the regional market growth due to growing demand for biologicals in cereals and grains.

The market for the Middle East & Africa is projected to grow at a sluggish rate during the forecast period due to unavailability of arable lands for cultivation of crops and lack of awareness about recent agricultural techniques.

Market Synopsis:

Agriculture biologicals are produced from organic sources such as agricultural waste, manure, biological matter, and microorganisms. They offer excellent properties such as stimulating soil microbial function, activating plant physiology, and adjusting nutrients and pH. These natural fertilizers are a favorable substitute for chemical fertilizers, which protect crops from rodents, pests, and plant diseases.

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Industry Segmentation:

The global agricultural biologicals market has been divided based on type, source, mode of application, application, and region.

On the basis of type, the global agricultural biologicals market has been categorized as biopesticides, biofertilizers, bio-stimulants, and others.

By source, the global agricultural biologicals market has been classified into microbial, biochemicals, and biorationals.

Based on mode of application, the global agricultural biologicals market has been segmented into foliar spray, soil treatment, and seed treatment.

On the basis of application, the global agricultural biologicals market has been segregated into cereals & grains, oilseeds & pulses, fruits & vegetables, cash crops, and others.

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