Global Agricultural Biologicals Testing Market was worth USD 0.68 Billion in 2016 and is expected to reach 1.12 Billion USD by 2021 with a CAGR of 10.4 %.
Hyderabad, India -- (SBWIRE) -- 02/15/2018 -- According to a new market research report " Agricultural Biologicals Testing Market By Product Type (Bio Pesticides, Biofertilizers, Bio Stimulants), Application (Field Support, Analytical, Regulatory), End User (Biological Product Manufacturers, Government Agencies, Other End Users), And Region – Global Industry Analysis, Share, Size, Growth, Trends, And Forecasts (2016-2021)", published by MarketDataForecast™, the he Global Agricultural Biologicals Testing Market was valued to be worth USD 0.68 Billion in 2016 and is calculated to be of a value USD 1.12 Billion by 2021, at a CAGR of 10.4 %. Increasing concentration on more scientific and accurate agricultural practices is the key promoter behind the projected growth of the global market in the recent future.
Browse Market Data Tables and Figures spread through 185 Pages and in-depth TOC on "Agricultural
Biologicals Testing Market"
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Bio pesticides segment is to lead the global market till 2021
Based on Product Type, Market is segmented into Bio-pesticides, Biofertilizers, and Bio stimulants. The increasing preference of people towards the agriculture that uses as few chemicals as it can is the main reason behind the growing demand in this segmentation. From 2016 to 2021, the Bio pesticides segment is the leading segment in the global market both in term of market share and growth rate.
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Field Support segment of the global market to see huge growth
Based on categorization by application, the global market is divided into Field Support, Analytical, and Regulatory. The rising awareness about the diverse advantages ensuing biological testing in farming is the key driver behind the high growth rate of the Field Support segment. This testing can be done before, during and after the farming season.
By end users, many new private market players to enter the global market scenario
On the basis of End users, the global market is classified into Biological Product Manufacturers, Government Agencies and other End users. Various government schemes introduced to ensure the biologicals testing to be done in agriculture provide an increased demand to the government agencies in the market. Several new private firms are also predicted to enter the global market scene in the forecast period.
North America is estimated to command the largest share of the market
According to geography, the global market is examined as North America, Europe, Asia-Pacific, Latin America and Middle East & Africa regions. Owing to the presence of a developed farming and agriculture in the region, North America is portrayed to be the largest market share contributor to the global market. Asia Pacific region provides huge market potential in the form of agriculture based countries like India and China.
Few companies that are leading the present global Agricultural Biologicals Testing Market include Biotechnologies BT, Apal Agricultural Laboratory, Laus GmbH, SynTech Research, SGS S.A., Eurofins Scientific SE, Anadiag Group, I2L Research, RJ Hill Laboratories Ltd., Staphyt SA, and Bionema Limited.
The scope of the report provides:
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Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
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Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
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