Global Agricultural Biologicals Market

Market Leaders: Organic Farming Driving Growth: Catalyst for Agricultural Biologicals Market Expansion

According to MarketsandMarkets, the Agricultural biologicals market is projected to reach USD 27.9 billion by 2028 from USD 14.6 billion by 2023, at a CAGR of 13.8%. The global expansion of the organic farming sector is playing a pivotal role in driving the growth of the agricultural biologicals market. Organic farming practices, which necessitate the utilization of natural inputs and biologicals, are a significant catalyst for this growth. Organic farmers prioritize sustainable and environmentally friendly approaches, leading to a surge in demand for agricultural biologicals. This increased demand stems from the industry's commitment to eco-friendly solutions and contributes to the market's upward trajectory.

The key players in this market include BASF SE (Germany), Syngenta AG (Switzerland), Bayer AG (Germany), UPL (India), Corteva Agriscience (US), The Mosaic Company (US), Pro Farm Group Inc. (US), Gowan Company (US), Vegalab SA (Switzerland), and Lallemand Inc. (Canada). These players have adopted various growth strategies such as partnerships, agreements, collaborations, and new product launches to increase their global market presence.

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BASF SE (GERMANY)

BASF SE, a prominent player in the chemical producers' industry, operates across various divisions and segments. The company's 11 divisions are categorized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. BASF's Agricultural Solutions unit, a part of the Nutrition & Care segment, plays a significant role in providing biological products. This includes a range of organic and conventional crop protection solutions under BASF BioSolutions, such as Bio Fungicides, Bio Insecticides, and Bio Seed Treatment. These products utilize natural defenses like beneficial nematodes, microorganisms, plant extracts, and pheromones. With a strong global presence, BASF operates in more than 90 countries, and its operations span across multiple production sites. The company has six Verbund sites, which are integrated production sites, along with 241 additional production facilities.

Syngenta AG (Switzerland)

Syngenta AG, a wholly owned subsidiary of Chic Nutaunal Arochemical Corporation (CNAC) Saturn (NL) BV, is a global market leader in crop protection products. The company operates under two primary segments: Crop Protection and Seeds. Within the Crop Protection segment, Syngenta offers a range of agricultural biologicals, including selective and non-selective herbicides, fungicides, insecticides, seed care products, and other crop protection solutions. The Seeds segment focuses on field crops, vegetables, and flowers.

With operations in over 100 countries, Syngenta has a strong global presence and aims to revolutionize crop cultivation and protection practices. The company's Crop Protection segment experienced notable sales improvement, driven by the recovery and growth in the Brazilian market, as well as the introduction of new products in Europe, the Middle East, Africa (EMEA), and the United States.

Bayer AG (Germany)

Bayer, a leading life science company, operates across three business segments: pharmaceuticals, crop science, and consumer health. Within its Crop Science segment, Bayer is a prominent player in the agriculture industry, specializing in crop protection, seeds, and digital farming. To promote sustainable agriculture, Bayer offers a wide range of high-value seeds, advanced plant traits, innovative chemical and biological crop protection products, digital solutions, and comprehensive customer service. The company possesses a vast collection of over 125,000 microbial strains, enabling it to leverage genetic diversity for the development of new and beneficial products. Bayer is dedicated to delivering solutions through cutting-edge research in microbial and RNAi (RNA interference) technology, which enhances the efficiency of its products. The acquisition of Monsanto has further accelerated Bayer's research in RNAi technology, leading to advancements in crop protection solutions.

Bayer conducts studies to explore how microorganisms can contribute to increased crop productivity and plant health. Its experts invest significant time in determining the most effective microbial strains for specific environments to support optimal plant growth. Each year, Bayer's researchers conduct in vitro screenings of more than 10,000 microorganisms, evaluating their potential benefits in agriculture.

UPL (India)

UPL, a prominent company in the agricultural solutions industry, offers a wide range of differentiated products, bio-solutions, and collaborations aimed at creating sustainable food systems across the food value chain. The company's business segments encompass seeds, crop protection, bio-solutions, post-harvest, aquatics, farmer engagement, and other related areas. With a presence in over 130 countries, UPL operates 48 manufacturing plants globally. UPL has recently established a new global branch called NPP (Natural Plant Protection), which focuses on the development and distribution of natural and biologically derived agricultural inputs and technology. As the world's leading manufacturer and distributor of biosolutions, UPL offers a diverse portfolio of products and technology derived from botanicals, marine extracts, viruses, microbials, and fermented extracts. These solutions have a low environmental impact, aligning with sustainable agricultural practices.

The newly created business unit, NPP, plays a critical role in addressing abiotic stress, residue management, and resistance management in both established and emerging markets. With its wide portfolio of natural and biologically derived agricultural inputs, UPL continues to contribute to sustainable agriculture and the effective management of challenges faced by farmers worldwide.

Related Reports:

Agricultural Biologicals Market by Function, Product Type (Microbials, Macrobials, Semiochemicals, Natural products), Mode of Application (Foliar Spray, Soil & Seed treatment), Crop Type (Cereals & Grains, Fruits) & Region - Global Forecast to 2028

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Global Agricultural Biologicals Market Size,  Share & Growth Report
Report Code
AGI 4282
RI Published ON
7/19/2023
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