Market Overview:

Agricultural Biologicals Market was worth USD 16.9 billion in 2018 and is predicted to grow at a CAGR of 6.15%, to reach USD 22.78 billion by 2023. Organic farming is a crop production based on crop rotation, manure recycling, and the application of biological control methods. Organic agricultural products are derived from organic substances such as plant extracts and micro-organisms, which improve the health and productivity of crops. Agricultural biological products are mainly used in the context of Integrated Pest Management (IPM) for the development of innovative plant sciences. Organic farming is a production system that respects the environment and uses products that are safe for improving the harvest. Besides, the increase in demand for organic products is driving market growth in most countries.

Market Drivers and Restraints:

The increase in demand for organic products, the rise in population, the improvement of yield and productivity, the increase in spending on R & D activities, the rapid growth of the use of these products in the treatment of seeds, government support and increase conscience about health are the factors driving the growth of the market. Factors such as a lack of awareness among farmers and a reluctance to change existing chemical pesticide practices are hampering the market growth.

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Report segmented as

By Type:

Bio Pesticides
Bio Insecticides
Bio-Nematicides
Bio Herbicides
Bio Fertilizers
Bio Stimulants
By Application:

Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
By Sources:

Microbial
Biorationals
Geographical Analysis:

The Agricultural Biologicals Market is evaluated for Europe, North America, Asia Pacific, Latin America, and MEA in this definitive study. It's being seen that North America was deemed to have the largest market share in the Agricultural Biologicals Market. The Asia Pacific region is estimated to witness quick-paced growth during the forecast period.

Important Market Players:

Major Key players in this market are BASF, Bayer Crop Science, Syngenta, Novozymes A/S, Isagro, Arysta Lifescience Limited, Arysta LifeScience Corporation, Valent BioScience Corporation, Marrone Bio Innovations Inc., Certis U.S.A, and Koppert B.V.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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