Agricultural Biologicals Companies: Making a Big Impact in the Agriculture World

Published: March 2024


The rapid increase in global population burdens the agriculture sector to produce high-quality, nutrition-rich food crops. Earlier, farmers used chemical-based fertilizers and growth promoters to enhance crop production and feed the growing populations. The consistent use of chemical ingredients for enhancing crop yield causes damage to the soil and the people's health. Driven by the adverse impact of chemical-based farming on health and the environment, the demand for agricultural biologicals has increased exponentially within the past few years. Agricultural biologicals refer to the diverse range of products such as biofertilizers, biopesticides, and biostimulants (organic fertilizers and pesticides developed from microorganisms and other natural matter). These organic products help to enhance biological activity, soil fertility, and plant growth organically without causing harm to the ecosystem and human health. Furthermore, the trajectory towards organic and sustainable agriculture systems has laid a foundation for implementing sustainable agriculture practices for food production. According to the Roots Analysis the global agricultural biologicals market size is estimated to grow from USD 13.76 billion in 2023 to USD 43.53 billion by 2035, representing a CAGR of 9.98% during the forecast period 2023-2035.

The ongoing wave of agricultural biologics for sustainable farming practices has raised the interest of agricultural biological companies in developing modern solutions that improve crop quality and enhance production. Further, in 2020, the European Union implemented regulatory policies to mitigate the growing usage of chemical fertilizers and pesticides by 50%, aiming to reduce the global carbon footprint.. In the near future, several agricultural biological companies enter the market to deliver organic and sustainable farming solutions that enhance crop yield, nutritional quality, and soil texture. The strategic move taken by agricultural biological companies will make a significant impact in the agriculture world. Below is a deep context of the competitive landscape of the agricultural biologicals market and the top players in the field.

Current Agricultural Biologicals Market Landscape

Presently, the agricultural biologicals landscape features more than 200 companies providing a wide range of biologic crop solutions such as biofertilizers, biostimulants, and biopesticides. Overall, the agricultural biological market is highly fragmented and features very small, small, mid-sized, large, and very large firms that hold the required expertise to produce innovative agricultural biologics solutions for different crops across the globe. It is worth noting that around (40%) of the agricultural biological companies are headquartered in Asia-Pacific, followed by Europe. Furthermore, over 35% of these firms offer three types of products: biopesticides, biostimulants, and biofertilizers.

Leading Agricultural Biologicals Companies in the Market

Increasing technological advances such as gene editing, biotechnologies, and other associated technologies offer significant opportunities to expand agricultural biologics. Countries such as the United States, India, Brazil, China, and the European Union are the leading players in the agricultural biological market. Some of the top players that are developing various biological crop protection solutions are listed below:

1. Bayer CropScience

Bayer CropScience is a division of Bayer (A German-based multinational company) operating in the agricultural, chemical, and pharmaceutical industries. It is well known as the producer of seed products and crop protection products. It creates and promotes a diverse line of crop protection, seed, and digital agricultural goods. Bayer CropScience is a prominent player in the global agricultural sector, and a variety of market and industry conditions may influence its profitability.

In recent years, Bayer CropScience has made major investments in digital farming technology to explore tech-driven solutions for sustainable farming practices. This includes creating its FieldView platform, gene editing technologies that allow researchers to precisely alter crop DNA to produce new kinds with desirable features, and crop protection products. These goods include various agricultural pesticides such as herbicides, fungicides, and insecticides. Additionally, Bayer has developed several pest-resistant microbial strains that can be used as a biopesticide to protect crops naturally.

2. BASF

A German-based multinational company that produces crop and seed protection products organically to improve agricultural yield. In order to stay at the forefront of technological advancement and sustainability, BASF, a prominent player in the chemical and agricultural industries, is required to pursue new initiatives and collaborations. BASF has stated its objective to reduce greenhouse gas emissions by 2050 and boost the use of renewable energy in its operations.

3. Syngenta

It is a Swiss-based agricultural biological company specializing in seed protection products. Apparently, the primary focus of companies will be on the development and production of agricultural biologicals as well as customized solutions to improve crop production. Syngenta is conducting various research and development activities to explore advanced agricultural technologies that can facilitate organic farming, significantly contributing towards the growth of the industry in the upcoming years. Syngenta is anticipated to continue driving innovation by partnering with Valagro (a prominent biostimulant company) to develop and commercialize new biostimulant products to enhance food crops. The primary aim of the strategic partnership is to assist farmers in enhancing their crop yield and improving the sustainability of the agricultural business.

4. Corteva Agriscience

Corteva Agriscience is an American-based agricultural biologicals company that concentrates on biological technologies for agriculture and crop protection. Corteva Agriscience is a significant worldwide agricultural firm that develops and produces seeds, crop protection products, and digital agriculture technology. Corteva Agriscience has launched several new crop protection products, including the Inatreq active fungicide for cereal crops, the Rinskor active herbicide for rice crops, and an innovative herbicide for soybean crops. Corteva Agriscience has committed to reducing its emissions of greenhouse gases by up to 30% by 2030. Furthermore, Corteva Agriscience is committed to fostering agricultural innovation and sustainability; it will likely play an important role in the agricultural biotechnology industry in the next few years.

5. Dow AgroSciences

Dow AgroSciences is an American agricultural biologicals company that focuses on safeguarding crops and bringing innovations in agricultural biotechnology. Typically, Dow Chemical Company's division produces and develops seeds, crop protection chemicals, and biotechnology for the agricultural industry. Dow AgroSciences launched Enlist E3, a new type of genetically manipulated soybeans that can be resistant to three herbicides, to help growers control weeds more effectively. Furthermore, Dow AgroSciences has been a significant participant in the agricultural technology companies, with advances in crop protection and genetic modification that have helped to increase crop yields and ensure global food security.

6. Monsanto

It is a United States-based agricultural biologicals market player focusing on producing genetically modified herbicides and seeds. Monsanto has emerged as an influential player in the global agricultural biologicals market that mainly focuses on developing new solutions to the numerous issues that agriculture faces nowadays. Following its acquisition by Bayer, Monsanto continues to work on crop breeding and genetic engineering, focusing on developing crops that are more productive, environmentally friendly, and resistant to abiotic stresses.

7. Novozymes

Novozymes is determined to reduce the environmental effects of its operations and products. The agricultural biological products developed by the company aim to help growers save money, energy, and water. It is interesting to note here that, In February 2023, Novozymes unveiled Innova fitTM, a novel enzyme solution that can assist food and beverage producers in lessening calorie and sugar content while retaining flavor and texture.

8. KWS SAAT

KWS SAAT is one of the leading agricultural biological companies that produces organic seeds. The agriculture biologicals company was established in Germany; it focuses on manufacturing hybrid seeds for different crops such as sugar beets, corn, and cereals. The agricultural biologicals company works in more than 70 nations, including laboratories for research and development in Asia, Europe, and North and South America. It is worth highlighting here that KWS SAAT introduced three new sugar beetroot varieties, each intended to benefit farmers. The firm is committed to sustainable agriculture and actively researches to develop breakthrough seed technologies that promote climate-smart agriculture and biodiversity.

9. DuPont Pioneer

Pioneer is a Hi-Bred International, a United States-based agricultural biologicals company with a DuPont subsidiary, specializing in plant genetics and biotechnology for agriculture. Corteva Agriscience, the world's biggest pure-play agricultural biologicals company, has bought DuPont Pioneer. With this transaction, DuPont Pioneer can now use Corteva's resources and experience to develop novel technology and solutions for growers.

10. Groupe Limagrain

It is a France-based agricultural company that focuses on developing agricultural biotechnology products and seeds for various crops, including maize, vegetables, and wheat. Groupe Limagrain is the world's 4th largest seed-producing company, operating in over 50 countries. In recent years, the agricultural biologicals company announced the launch of its four advanced wheat cultivars across Europe. These cultivars have been developed by leveraging breeding technology to generate disease resistance and high-yielding crops.

Upcoming Trends in the Agricultural Biologicals Market

Currently, the agricultural biologicals market is experiencing significant trends that are poised to revolutionize the agriculture sector. One significant trend is a shift towards precision farming technologies with agricultural biologicals. Precision farming will include advanced technologies such as data analytics, biosensors, and GPS navigation, enabling farmers to optimize resource use based on the information collected from the crop in real time. Implementing technology aims to maximize crop yield with a target-specific approach. Additionally, combining technology and agricultural biologics products such as biofertilizers, biopesticides, and biostimulants aims to enhance crop protection and overall farming efficiency.

Recent Milestones in the Agricultural Biologicals Market

It is interesting to note here that several stakeholders and leading agricultural biological companies in the biological crop protection field have undergone strategic partnerships to strengthen the agricultural biological product portfolio. Notably, more than 70% of the collaborations and partnerships have been signed since 2021. Some of the recent development activities that have taken place in the agricultural biologicals market are listed below:

  • In August 2023, the Mosaic company announced the development of its biologic crop solutions platform under the Mosaic Biosciences. Several agricultural biologics produced under this platform will allow farmers to grow crops organically and support soil biology without causing harm to the environment.
  • In June 2023, AgBiome and Ginkgo Bioworks inked a product development agreement. Under this agreement, Ginkgo Bioworks is planning to utilize the ultra-high throughput screening platform to support AgBiome in developing specific novel microbial crop protection products for organic and sustainable agriculture.

Concluding Remarks

In conclusion, agricultural biological companies aim to leverage technology to develop innovative solutions to maximize food production while reducing the environmental impact. Modern agricultural biological practices will be a long-term endeavor to enhance crop production and development of hybrid varieties with capabilities of disease resistance, abiotic stress tolerance, and high nutritional values. Owing to the growing demands for sustainable agricultural practices, the agricultural biologicals market is witnessing a remarkable shift towards implementing advanced technologies and gene editing technologies to enhance the efficacy and productivity of crops. Considering the rising interest of key players in the industry, the market will significantly rise in the upcoming years, aiming to develop innovative agricultural practices.

About Roots Analysis

Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights. All reports provided by us are structured in a way that enables the reader to develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we provide bespoke research / consulting services dedicated to serve our clients in the best possible way.

References:

  1. https://www.agribusinessglobal.com/markets/11-new-partnerships-in-the-biologicals-market-making-a-big-impact-in-agriculture/
  2. https://tracxn.com/d/trending-themes/startups-in-crop-biologicals/__DF86adFON499lKYv7d-akaUWxYedLh6Ntynju1Lqnzk

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