The agricultural biologicals market is projected to reach USD 10.05 Billion by 2020, growing at a CAGR of 14.5% from 2015 to 2020. The growth of this market is attributed to the increasing demand for organic products, the increasing global population, improved yield & productivity, and rising cost of fertilizers & pesticides. Increase in demand for organic foods, swift growth in the use of microbial seed treatment products, abbreviated chemical hazards ,and easier residue management along with the promotion and aid by government agencies have fueled the usage of biologicals among the modern agricultural practices.
Pune, India -- (SBWIRE) -- 05/09/2016 -- The report "Agricultural Biologicals Market by Type (Biopesticides, Biofertilizers & Biostimulants), Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables & Others), Sources (Microbials, Biorationals & Others), and by Mode of Application (Soil Treatment, Seed Treatment &Foliar Spray) - Global Forecast to 2020", The global agricultural biologicals market is projected to reach USD 10.05 Billion by 2020, growing at a CAGR of 14.5% from 2015 to 2020.
Browse 85 market data Tables and 56 Figures spread through 187 Pages and in-depth TOC on "Agricultural Biologicals Market - Global Forecast to 2020"
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The growth of this market is attributed to the increasing demand for organic products, increasing global population, improving yield & productivity, and rising cost of fertilizers & pesticides. The major drivers are increasing demand for organic foods, swift growth in the use of microbial seed treatment products, abbreviated chemical hazards, and easier residue management, promotion, and aid by government agencies. The rising health consciousness among people has also increased the consumption of organic food products, thus leading to the growth in the biologicals market.
Biopesticides are projected to be the fastest growing market from 2015 to 2020
The hazards caused to the environment by chemical pesticide residues can be alleviated with the help of biopesticides. Phasing out the prevalence of highly toxic pesticides proved to be a major driver for the biopesticides market, and has resulted in the development of new prospects for the introduction of less toxic biopesticide products. France and Germany are expected to be high-growth markets for biopesticides in the near future.
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Cereals & grains accounted for the largest market share in 2014
Cereals & grains being the staple crops all over the world have an increased demand due to rising population. Land used for cultivating grains & cereals in developing countries is comparatively more substantial, and it is expected to grow at a faster rate as compared to other applications such as fruits & vegetables or oilseeds & pulses. Apart from this, the farmers in developing regions such as Asia-Pacific and Latin America are facing a rise in the demand for organic agricultural products which has propelled the demand for agricultural biologicals in cereals & grains cultivation.
Key to success of the agricultural biologicals market in the European region
The European region is the largest market for agricultural biologicals in the world. The two major countries that contributed the largest market share in this region are Spain & Italy, primarily driven by factors including increasing demand for organic products, improved outcomes in quality, productivity, and yield, adoption of modern agricultural technology, and organic farming.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading agricultural biological companies such as Syngenta (Switzerland), The Dow Chemical Company (U.S.), Bayer CropScience AG (Germany), BASF SE (Germany), Isagro Spa (Italy), and Novozymes A/S (Denmark). Other players include T. Stanes & Company Ltd (India), Marrone Bio Innovation Inc (U.S.), Arysta LifeScience Ltd (Japan), Certis USA LLC (U.S.), and Koppert B.V. (The Netherlands).
In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global agricultural biologicals market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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