Agricultural Biological Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user and Region (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global demand for food has witnessed a steady increase over the past few decades, primarily fueled by the incessant rise in the global population. Agricultural producers are striving to boost agricultural production and output by using fertilizers and pesticides. However, the widespread use of chemicals has raised concerns about their harmful effects on humans. In response to these concerns, the global agricultural biological market is flourishing, offering a wide array of organic solutions to enhance farming production. These agricultural biologicals can be used as biostimulants, biopesticides, and biofertility products, providing a sustainable alternative to artificial chemicals during agricultural production.

Soaring Demand for Organic Foods Sustains Growth Across the Global Agricultural Biological Market

Informed consumers today pay close attention not only to the food they eat but also to its origin and production methods. Increasing awareness about the detrimental impact of chemical fertilizers and pesticides on human health has led consumers to adopt more organic consumption patterns. Market players are responding to this shift by offering organic alternatives to their existing products and introducing new ranges of organic products. Stricter actions by food regulation authorities against false organic labels are also enhancing consumer trust. These factors are expected to drive the growth of the global agricultural biological market.

Foliar Sprays Open New Avenues for Market Expansion

As the quest to eliminate the usage of harmful pesticides and fertilizers continues, innovative solutions like foliar sprays are gaining prominence in the agricultural biological market. Foliar sprays enable plants to absorb nutrients twenty times faster than traditional fertilizers applied to the soil. They assist plants in adjusting to soil limitations, such as low fertility and temperature, and can be beneficial for plants affected by extreme conditions like drought, mechanical damage, or diseases. The diverse applications of foliar sprays are expected to contribute to the accelerated growth of the global agricultural biological market.

North America to Reign Supreme Owing to Proliferating Agricultural Activities

North America plays a crucial role in meeting the global demand for wheat, cotton, and soybeans. However, the region also faces challenges with plant-pathogen infections that can devastate crops on a large scale. As a result, the agricultural biological market in North America is witnessing substantial growth. Moreover, the region is at the forefront of adopting the latest agricultural technologies, further boosting the demand for sustainable farming practices. The rising demand for organic food in North America solidifies its position as a leader in the agricultural biological market.

Major Market Players

The global agricultural biological market features active competition among key players such as Syngenta (Switzerland), BASF (Germany), Bayer AG (Germany), Marrone Bio Innovation, Inc. (US), Gowan Company (US), UPL (India), and Vegalab SA (Switzerland).