Agricultural Biologicals Market 2014-2021 Industry Analysis and Future Insights
Agriculture is the major sector for cultivating plants and livestock. The agriculture biological are manufactured from the natural materials such as from seed treatment products. The agricultural biological helps to increase the production of the crop by protecting the crop from various diseases by maintaining healthy crop.
Agricultural Biologicals Market Size and Growth Rate:
Agricultural Biologicals Market was going to reach USD 14.94 billion by 2023 and expected to grow at a CAGR of 13.54% during the forecast period 2014 to 2021.
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Agricultural Biologicals Market Growth Drivers and Restraints:
These biologicals help to cultivate the farm through the natural ways and are extracted from the natural form of micro organisms. These techniques anticipates to have a better treatment for the crop by analyzing and quiet opposite for the use of synthetic and chemical fertilizers. The agricultural biological gives complete protection over the spreading diseases for the plants and come across with the innovative techniques in keeping the farm healthy.
The rapid increase in the population across the globe and increasing demand for the food is the key driving factor for the market to grow substantially. The shifting trend towards the organic based food products where agriculture biological helps throughout the process is also fueling the demand of the market.
However, fluctuations in the availability of the biological now and then are impacting on the price of the final products which is hindering the growth of the market. Violations in cultivating process and also poor supply chain infrastructure are challenging attributes for the demand of the market.
The improvements in the process of cultivating plants and also rise in awareness in practicing agriculture biological everywhere is leveraging the growth opportunities for the market growth. The growing economic strategies and also government support in investments are outshining the growth of the market.
Geographical Analysis of Agricultural Biologicals Market:
Geographically, the agriculture biological market is segmented into Asia Pacific, North America, Europe, and Middle East and Africa. Asia Pacific is the one ruling with the highest shares of the market by owing to increased demand for food with rising population. North America and Europe are accounted to lead the dominant shares of the market with the adoption of agriculture biological in the cultivation with advanced techniques. Middle East and Africa are expected to have significant growth in the near future.
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Key Players of Agricultural Biologicals Market:
The DOW Chemical Company, Isagro SPA, Novozyme A/S, Bayer Cropscience AG, Koppert B.V., Valent Biosciences Corporation, Marrone Bio Innovation Inc., Arysta Lifescience Limited, Certis USA LLC, and BASF SE are some major players in the agriculture biologicals market.
Agricultural Biologicals Market Key Segmentation:
By Product Type:
- Biopesticides
- Biofertilizers
- Biostimulants
By Application:
- Cereals & grains
- Fruits & vegetables
- Oilseeds & pulses
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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