The agricultural biologicals market is projected to grow at a CAGR of 11.9% from an estimated value of USD 10.6 billion in 2021 to reach USD 18.5 billion by 2026. Factors such as the increasing awareness of consumers about biological products, and the need to reduce hazards of chemical-based agricultural inputs and steward the environment and favorable regulatory framework for the usage of biologicals, has led to a huge demand for agricultural biologicals, which can prove to be a sustainable solution.
The entire market for the top trends in agricultural biologicals is consolidated, with a few players occupying a major share in the global market. The wide variety of products offered by these companies for 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 top trends of the agricultural biologicals market include Bayer AG (Germany), UPL (India), Syngenta AG (Switzerland), and BASF SE (Germany). Other players include Isagro S.p.A. (Italy), Marrone Bio Innovations (US), Valent Biosciences (US), Koppert Biological Systems (Netherlands), Stockton Bio-AG (Israel), Lallemand (Canada), Certis USA LLC (US), and Valagro S.P.A (Italy), which also contribute a significant share to the agricultural biologicals market.
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BASF SE (Germany) is one of the leading companies in the market, operating with five business segments, namely, functional materials & solutions, chemicals, performance products, agricultural solutions, and others. The company offers an array of products in biological solutions to control pests and diseases. BASF SE invests in extensive research and development to provide new techniques and methods to traditional products. The crop protection segment offers various biological solutions to control pests, fungi, and insects. These biological solutions include biofungicides, biopesticides, bioinsecticides, and pheromones. In August 2018, BASF SE acquired a wide range of businesses and assets from Bayer AG (Germany), which would complement its crop protection, biotech, and digital farming activities. In October 2019, BASF SE strategically invested in Provivi, Inc. (US), which is emerging to be a key player in the pheromones market globally.
Bayer AG (Germany) is one of the world leaders in Life Sciences. It operates through four segments; pharmaceuticals, consumer health, animal health, and crop science. The crop science segment has been working on seed and crop protection products and digital solutions. The crop protection division offers many biological solutions such as bio fungicides, bioinsecticides, inoculants, bionematicides & bio stimulants. The company has a prominent position in the market through its strong brand, geographical presence, product portfolio, and strong consumer base. The acquisition of Monsanto (US) has been a remarkable development in the expansion of the biological solutions portfolio. Monsanto (US) and Novozymes (Denmark) formed the BioAg alliance to enhance the production of the crops and sustainability of farming, with development in microbial solutions. With the regulatory approvals across regions, the company can expand its geographical presence. In 2016, Bayer AG invested USD 17.0 million for the establishment of a new capacity to improve its position in the biological crop protection market. The growth of the company has been significant in the biologicals market and strategizes to grow through both organic and inorganic strategies.
Top Trends in the Agricultural Biologicals Market by Agricultural Biologicals, Biocontrols, Bio fungicides, Bioinsecticides, Bio nematicides, Biostimulants, Biofertilizers, Inoculants, Pheromones, Biological Seed Treatment - Global Forecast to 2026
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