Agricultural Biologics Are Beneficial to Crop Production and Protection Tools

Friday 14 August 2020, Amsterdam

Biological agriculture is a means of sustainable agriculture that does not use synthetic materials. It is a production system based on crop rotation. Bio-agriculture promotes the economic and ecological sustainability of products, thus minimizing harmful effects on the environment. Agricultural biological products are a variety of products derived from naturally occurring substances (including microorganisms, plant extracts, beneficial insects or other organic substances). Agricultural biological products are useful for crop production and protection tools that use natural processes to prevent infestation.

The global growth trend of sustainable agriculture and organic crops has been the main driving force of this market. This technology uses naturally occurring processes and substances to minimize the infestation of crops, thereby supporting green technology and circular economy. The increasing awareness of pesticide residues and their harmful effects is another driving force of this market.

The report titled, "Global Agricultural Biologicals - Market and Technology Forecast to 2028" is segmented as Function, Application and Region. Based on function, the market is sub-segmented by application into Biocontrol, Biofertilizer and Biostimulants. The application segment is sub-segmented by product as Foliar Spray, Soil Treatment, Seed Treatment. The global market is divided regionally by function as NA, EU, APAC, Middle East, and RoW.

By 2020, the global agricultural biological products market will reach 10 billion U.S. dollars, and it is expected to reach 28 billion U.S. dollars by 2028. During the forecast period, the market’s compound annual growth rate is expected to be approximately 14%. Based on function, the part based on biological control is the fastest growing field. Biological control is a term used to quantify the markets of biological insecticides, biological insecticides, biological fungicides and biological nematicides. Due to increased infections of major crops such as wheat, rice, corn and sugarcane, the biological control market has dominated this field. Microbial agricultural biological products are the most widely used products, which are due to factors such as the availability of strains, the ease of production and the high adoption rate of microorganisms among farmers. In addition, the growth of the organic vegetable and fruit market has further promoted the growth of this market. According to the application situation, the foliar spray market is dominant.

North America is expected to occupy the largest market due to high-end R&D infrastructure and a large number of patents for biopesticides and biostimulants obtained by companies in the region. Europe is the second largest market due to increasing awareness of the health benefits of sustainable farming methods and residue-free organic crops. The Asia-Pacific region is the fastest growing part of the world due to the increasing shift from traditional methods to sustainable agriculture

Scope:
The study period of this report titled, "Global Agricultural Biologicals - Market and Technology Forecast to 2028" is from 2018-2028, the forecast period of this report ranges from 2020-2028. The agricultural biologicals market is segmented based on Function, Application and Region.

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