The North America agriculture biologicals market was worth USD 3.75 billion in 2016 and is expected to grow at a CAGR of 6.4%, to reach USD 5.11 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 03/15/2018 -- An agricultural biological is characterized as a whole supportable horticultural generation framework that encourages safe items limiting ecological antagonistic outcomes and the utilization of non-inexhaustible resources. At the end of the day, agricultural biologicals are natural and biological agribusiness frameworks, which demoralize the utilization of synthetic manures, subsequently helping the environmental conservation. The entire natural framework depends on natural green excrement and animal compost and several other environmental strategies and methods.
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The North America agricultural Biologicals testing market was estimated to be at a market value of USD 180 Million in 2016 and is projected to rise at a CAGR 11% to reach USD 300Million by 2022 owing to the increasing concerns over environmental contamination because of synthetic fertilizers.
Some of the key driving factors of the market include growing usage of agricultural biologicals, the large investment in research and development of products related to agricultural biologicals by key players, high outputs of organic agricultural production, and strict regulation policies that will discourage the use of artificial manures and fertilizers.
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However, there are factors that can limit the market like the high expenditure required for conducting the trials and lack of environmental regulations of the synthetic agricultural products that are being used in some economies which are predominantly based on agriculture.
Geographically, the market is categorized into U.S.A and Canada with the major market centred in the USA. North America is dominating the global market currently and is expected to continue doing so owing to the high awareness towards the environmental concerns of synthetic fertilizers and advantages of Agricultural biologicals.
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Some of the key players of North America Agricultural Biologicals testing market are Eurofins Scientific SE, Biotechnologies BT, SGS S.A., RJ Hill Laboratories Ltd., Anadiag Group, SynTech Research, Staphyt SA, Laus GmbH, I2L Research, Apal Agricultural Laboratory, and Bionema Limited.
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