Market Overview:

Biological agriculture is a procedure of environment-friendly farming without the employment of chemical pesticides and fertilizers. More particularly, agricultural biologicals are based on crop rotation and recycling of materials like the animal manure, green manure, and crop residues. It involves reasonable employment of machines and a few biological control methods. This kind of agriculture is an economically and ecologically sustainable production system that encourages the use of reliable products for the treatment of plants. The prominence of this system is it can be accomplished by less environmentally harmful consequences, utilizing non-renewable natural resources. The global agricultural biologicals market was valued at USD 16.9 billion in 2019 and is estimated to advance at a CAGR of 6.15% to attain USD 22.78 billion by 2024.

Market drivers and restraints:

Expansion of the global Agricultural Biologicals Market is attributable to the rising call for organic products, enhancing productivity and yield, increasing prices of pesticides and fertilizers, and rising global population. A few other drivers for the market are rising call for organic foods, abbreviated chemical hazards, fast expansion in the employment of microbial seed treatment products, and easier residue management. The market gets advantage by promotions and support by the governments.

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Report segmented as:

By type:

• Bio Pesticides
• Bio Fertilizers
• Bio Stimulants

By application:

• Cereals and grains
• Oilseeds and pulses
• Fruits and vegetables
• Others

By source:

• Microbial
• Bio-rational
• Others

By mode of application:

• Soil treatment
• Seed treatment
• Foliar spray

Geographical analysis:

Based on geography, the global agricultural biologicals market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In 2019, Europe was the key market for these biologicals. The region was followed by North America, Asia Pacific, and Latin America in the same year.

Important market players:

Some of the major players operating in the global agricultural biologicals market are Bayer (Germany), Syngenta (Switzerland), BASF(Germany), Monsanto BioAG, (US), and DowDuPont, (US), and government bodies & regulatory associations such as the US Department of Agriculture (USDA) and the US Environmental Protection Agency (EPA).

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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