Agricultural Biologicals Market

Market Leaders - Agricultural Biologicals Market

The market for Agricultural Biologicals is estimated at USD 12.9 billion in 2022; it is projected to grow at a CAGR of 13.7% to reach USD 24.6 billion by 2027. The growth of this market is also attributed to the increasing demand for organic food products. Consumers are becoming more health-conscious and opting for organically grown food products. The changing lifestyles of consumers have led to an increase in consumer preference for food products, which is projected to fuel the demand for agricultural biologicals.

The Agricultural Biologicals market consists of a few globally established players such as BASF (Germany), Syngenta (Switzerland), Bayer AG (Germany), UPL (India), Marrone Bio Innovation, Inc (US), Gowan Company (US), Vegalab SA (Switzerland), Lallemand Inc (Canada), Valent Bioscience (US), Koppert Biologicals System (Netherlands), Biovert S.L. (Spain), Trade Corporation International (Spain), Stockton Bio AG (Israel), Biolchim SPA (Italy), and Rhizobacter (Argentina). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments

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BASF is one of the leaders operating in the chemical producers’ industry. Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions are the company’s 11 divisions, which are divided into six segments. The Chemicals segment consists of the Petrochemicals and Intermediates divisions. The Performance Materials division and the Monomers division make up the Materials segment. The Industrial Solutions segment consists of the Dispersions & Resins and the Performance Chemicals divisions. The Catalysts and Coatings divisions of the Surface Technologies business provide chemical solutions for surfaces. Care chemicals and nutrition and health division are part of the nutrition and care segment. It provides biological products through its agricultural solutions unit, which comprises fungicides, herbicides, insecticides and biological solutions, as well as seeds and seed treatment products. BASF BioSolutions are excellent organic and conventional crop protection partners. They include Bio Fungicides, Bio Insecticides, and Bio Seed Treatment, all of which are based on natural defenses such as beneficial nematodes, microorganisms, plant extracts, and pheromones. BASF SE has a strong global presence with its operations in more than 90 countries; BASF has six Verbund facilities and 241 additional production sites.

Syngenta AG is a fully owned subsidiary of China National Agrochemical Corporation (CNAC) Saturn (NL) B.V, a private company incorporated in the Netherlands. Syngenta is one of the global market leaders in products that protects crop. The company operates under two segments: Crop Protection and Seeds. Syngenta offers agricultural biologicals through its Crop Protection business segment. Through this segment, the company offers selective herbicides, non-selective herbicides, fungicides, insecticides, seed care, controls, and other crop protection products and seed segments consisting of field crops, vegetables and flowers. Switzerland, the UK, the US, and China are locations of Syngentas most important manufacturing and research & development facilities. Syngenta has significant research labs in Stein, Switzerland, and Jealotts Hill, UK, dedicated to identifying novel active chemicals. Syngentas principal agricultural genomics and biotechnology research facility is based in the US.

Syngenta has a strong global presence with its operations in more than 100 countries to transform how crops are grown and protected. The Crop Protection segment of the company witnessed significant improvement in sales, owing to the recovery and growth in the Brazilian market alongside new product launches in EMEA and the US. Furthermore, the purchase of Syngenta’s shares by ChemChina (China) raised 98% of Syngenta’s share capital. This transaction can be seen as a strategic move by Syngenta to enter into the agricultural market in China, which has shown growth in sustainable agricultural practices. The increased awareness of food safety & quality and the growers’ willingness to invest more for higher yield and quality has provided a platform for Syngenta AG to expand its customer base in China.

Bayer is a life science company and one of the global leaders in health care and nutrition. Bayer operates in three business segments, namely, pharmaceuticals, crop science and consumer health. Crop Science is one of the world’s leading agriculture enterprises, with businesses in crop protection, seeds and digital farming. For sustainable agriculture, the company offers a diverse array of high-value seeds, improved plant features, novel chemical and biological crop protection products, digital solutions, and extended customer service. The Animal Health business unit was sold to Elanco Animal Health Incorporated, United States, in August and is no longer part of the Bayer Group. The collection of more than 125,000 microbial strains allows the company to use genetic diversity to develop new and beneficial products. Bayer also focuses on developing products that engage in techniques, known as RNA interference, to develop efficient products. The acquisition of Monsanto (Germany) has encouraged the company to improve its research on RNAi technology for improving the available solutions for crop protection.

Related Reports:

Agricultural Biologicals Market by Function, Product Type (Microbials, Macrobials, Semiochemicals, Natural products), Mode of Application (Foliar Spray, Soil and Seed treatment), Crop Type and Region - Global Forecast to 2027

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Agricultural Biologicals Market Size,  Share & Growth Report
Report Code
AGI 4282
RI Published ON
3/8/2022
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