Demand for high-quality crop yield is the chief factor driving the Global Agricultural Biologicals Market. This information was shared in a report, titled “Agricultural Biologicals Market Size, Share and Global Trend By Type (Biopesticides, Biofertilizers, Biostimulants), Source (Microbial, Biochemicals), Mode of Application (Foliar Spray, Seed Treatment, Soil Treatment), Crop Type (Cereals, Oilseeds, Fruits & Vegetables, Turf & Ornamentals) & Geography Forecast till 2026.” The agricultural biological treatment for agriculture farming helps to replace chemicals with organic and natural materials. This further helps to protect crops from weeds, disease, and pests, thereby enhancing crop yield.
Adoption of Modern Agricultural Technologies in Agriculture Sector Drives Market in Europe
North America and Europe are anticipated to grow faster in the global agricultural biologicals market. Stringent regulations regarding the use of crop protection chemicals are likely to drive the market in these two regions. Furthermore, these regulations are implemented to protect the environment from hazardous effects. Other factors driving the market in Europe are improved crop quality outcomes, increasing crop productivity, and rising demand for organic materials. In addition to this, increasing adoption of modern technology for agricultural practices is expected to create revive the market’s growth in this region.
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Key Segmentation:
By Type
- Biopesticides
- Biofertilizers
- Biostimulants
By Source
- Microbial
- Biochemicals
By Mode of Application
- Foliar Spray
- Seed Treatment
- Soil Treatment
By Crop Type
- Cereals
- Oilseeds
- Fruits & vegetables
- Turf & ornamentals
- Other Crops
Rising Preference for Organic Food Encourages Growth in the Market
Agricultural biologicals support farmers in enhancing crop productivity by protecting them from pests and weeds. In integrated pest management (IPM), agricultural biologicals play a significant role as they help to replace synthetic chemicals with the new synthetic crop. In addition to this, seed treatment products weed and insect protection, which in turn, is expected to fuel demand for agricultural biologicals. A lead analyst at Fortune Business Insights said, “Increasing global demand for food and support from governments act as potential growth triggers in the market.” Moreover, the majority of the population is health-conscious, growing demand for organic food products is expected to stimulate the market’s growth by 2026. People have become more aware of the pesticide residue in food, compelling people to opt for organic food.
On the flip side, low shelf-life of organic products may restrict the growth of the market. Furthermore, lack of awareness about biopesticides especially in emerging nations is expected to hamper the market’s growth. This may further lead to their low adoption rates, thus posing a serious threat to the growth of the market.
Regulatory Authorities Approved Marrone’s Products for Sale in Canada
Some of the leading players functional in the global agricultural biologicals market are Bayer, Monsanto BioAg, Syngenta, BASF, Arysta Lifescience, DowDuPont, Koppert, Marrone Bio Innovations, and Valent Biosciences. Among these, companies such as Monsanto, Bayer, Syngenta, and BASF have shown more interest in developing agricultural biologicals over the past few years. With the help of collaboration, new launches, and partnership strategies, these companies maintained a well-established presence in plant nutrition and biological crop protection industry. Considering this, Marrone Bio Innovations Inc. received product approvals for two of its products in January 2019. These products will be available for sale in Canada. MBI-110 Biofungicide was approved by the Pest Management Regulatory Authority (PMRA) and Haven Sun Protectant was approved by the Canadian Food Inspection Agency (CFIA).
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