Agricultural Biologicals Market

Agricultural Biologicals Industry - Upcoming Growth Trends in the Market

The agricultural biologicals industry 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 agricultural biologicals market is experiencing growth due to growing organic farming and government initiatives. 

Agricultural biologicals are a diverse group of products derived from natural materials, including plant extracts, microorganisms, beneficial insects, and other organic substances. These products are used in agricultural practices to enhance crop health, improve yields, and manage pests, diseases, and weeds in an environmentally sustainable way. They are increasingly seen as an alternative or supplement to traditional chemical pesticides and fertilizers.
 
The agricultural biologicals industry is influenced by several key trends, reflecting changes in consumer preferences, technological advancements, and industry regulations. Here are some of the key trends shaping this market:
 
  • Rising demand for organic food
  • Increasing focus on sustainable agriculture
  • Stricter regulations on chemical pesticides
  • Increased pest resistance to conventional pesticides
  • Advancements in technology
  • Consumer Awareness and Education
These trends indicate a dynamic and rapidly evolving agricultural biologicals market, driven by the need for sustainable and environmentally friendly agricultural practices.
 
To know about the assumptions considered for the study download the pdf brochure
 
Rising demand for organic food: Consumers are increasingly concerned about the safety and quality of their food, and are willing to pay a premium for organic products. This is driving demand for agricultural biologicals, which can be used to produce organic crops.
 
Increasing focus on sustainable agriculture: There is a growing awareness of the environmental impact of conventional agriculture, and farmers are looking for ways to reduce their reliance on chemical pesticides and fertilizers. Agricultural biologicals offer a more sustainable alternative, as they are derived from natural materials and do not harm the environment.
 
Stricter regulations on chemical pesticides: Governments around the world are introducing stricter regulations on the use of chemical pesticides, due to concerns about their safety and environmental impact. This is creating an opportunity for agricultural biologicals, which are seen as a safer and more environmentally friendly alternative.
 
Increased pest resistance to conventional pesticides: Pests are becoming increasingly resistant to conventional pesticides, which is making them less effective. Agricultural biologicals offer a different mode of action, which can help to overcome pest resistance.
 
Advancements in technology: There have been significant advancements in technology in recent years, which have led to the development of new and more effective agricultural biologicals. For example, there has been progress in the development of biopesticides that are more targeted and effective against specific pests.
 
Consumer Awareness and Education: Increased awareness among farmers and consumers about the benefits of biologicals is driving market growth. Educational initiatives and extension services are playing a crucial role in disseminating information about the advantages of biological products.
 
Related Report:
 
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

 

Agricultural Biologicals Market Size,  Share & Growth Report
Report Code
AGI 4282
RI Published ON
5/29/2024
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status