Top Trends in the Agricultural Biologicals Industry

Bayer (Germany) and Syngenta (Switzerland) are the Major Players in the Top Trends in the Agricultural Biologicals Market

The agricultural biologicals market is projected to reach USD 14.65 Billion by 2023, growing at a CAGR of 13.80% from 2017. The market is driven by its ability to grow tremendously as a result of a favorable regulatory framework that supports the R&D of biological active ingredients for agricultural applications, and the need to reduce the hazards of using chemical-based counterparts of agricultural inputs/products

The entire market for the top trends in agricultural biologicals is consolidated, with a few players occupying a major share of the global market. The wide variety of products offered by these companies for the various market trends covered, their strong brand value, their vast geographical presence in terms of manufacturing, R&D units, and distribution partners are the major reasons for this organized market. The key players in the agricultural biologicals market include Bayer (Germany), Monsanto BioAg (US), Syngenta (Switzerland), and BASF (Germany). Other players include DowDuPont (US), Marrone Bio Innovations (US), Arysta LifeScience (US), Koppert (Netherlands), Stockton Group (Israel), Isagro (Italy), Certis USA (US), and Valagro (Italy), who also contribute a significant share to the agricultural biologicals market.

Bayer is one of the major players in the market; it operates its agricultural business through two segments-crop protection/seeds and environmental science. The company is engaged in the business of seed, crop nutrition & crop protection products, and related services. The company offers a wide range of seed treatment products comprising both chemical and biological solutions. It also develops customized products for respective countries depending on the cropping pattern and common pest attacks. Bayer has also been increasing its R&D activities to expand the adoption and usage of biological products further. In October 2016, the company announced a USD 17 Million investment for its Wismar, Germany site for R&D on biologicals.

Syngenta is a global manufacturer of crop inputs, specifically crop protection products. Its operations are managed through three segments—crop protection, seeds, and lawn & garden. Syngenta’s product offerings for seed treatment covers a range of variations including insecticides, fungicides, and biologicals. The company offers these products under the business unit, SeedCare; the sales of products under this unit witnessed positive growth over the past few years, which has driven the revenue of Syngenta’s crop protection segment. Syngenta has been focusing on technological innovation in patent registrations for new product launches to strengthen their market base in the agricultural biologicals market. The company gained a strong position in the seed treatment market through its wide geographical presence, strong brand image, and large consumer base. Syngenta strategizes to grow in this market through both organic and inorganic strategies, mainly by investing significantly in R&D activities to develop innovative products. In September 2016, Syngenta opened a new research facility called SeedCare Institute in the US, which is equipped with R&D labs, commercial application and formulation areas, warehouses, and testing labs for developing innovative seed treatment products.

Related Reports:

Top Trends in the Agricultural Biologicals Market Industry Biopesticides (Biofungicides, Bioinsecticides, Bionematicides), Biostimulants, Biofertilizers, Agricultural Inoculants, and Biological Seed Treatment - Global Forecast to 2023

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Report Code
AGI 4970
RI Published ON
4/4/2018
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