Published: December 2023
According to a recently published report by Roots Analysis, growing demand for organic crop production is the key driver for the rising demand for agricultural biologicals
The global agricultural biologicals market is anticipated to grow at a CAGR of 9.98% from 2023-2035, reaching USD 43.5 billion by 2035.
The growth in the agricultural biologicals market size over the next decade is likely to be the result of a rise in the demand for organic food coupled with the growing focus on sustainable agriculture. Agricultural biologics include a vast array of products such as biopesticides, biofertilizers and biostimulants derived from natural sources. These products primarily enhance soil fertility, and improve plant growth, mitigating reliance on chemical pesticides and fertilizers. These biologic crop solutions have emerged as a promising alternative over conventional chemical pesticides and fertilizers owing to their multiple benefits for sustainable farming, including shorter product development timelines, higher biological efficiency, and versatile application methods.
Browse 165+ figures and 170+ market data tables spread across 200+ pages and detailed Table of Content on “Agricultural Biologicals Market by Type of Product, Source of Product, Mode of Application, Type of Crop Treated and Key Geographical Regions: Industry Trends and Global Forecasts, 2023-2035” here: https://www.rootsanalysis.com/reports/agricultural-biologicals-market.html
Several factors are propelling the growth of the agricultural biologicals market. The extensive use of conventional agrochemicals over the years has put significant pressure on the environment. These chemicals have impacted human health negatively along with significant deterioration of the soil health. The biologic crop solutions have emerged as a promising alternative over these conventional chemical pesticides and fertilizers owing to their multiple benefits for sustainable farming, including shorter product development timelines, higher biological efficiency, and versatile application methods.
Additionally, owing to the increasing adoption of organic food products and the exponential rise in the population, the demand for agricultural biologicals is also expected to witness a significant rise.
While the agricultural biologicals market is experiencing substantial growth, it is not without its challenges. One of the primary restraints is the high cost associated with agricultural biologicals. Application of agricultural biologicals is a complex process which incurs substantial costs. Moreover, effectiveness of these products is evidently influenced by environmental factors, affecting the overall crop yield. Additionally, concerns about inconsistent product performance as the performance of biological crop solutions can be impacted by multiple environmental factors, including temperature, humidity, and soil type.
Despite the challenges, several growth factors continue to drive the agricultural biologicals market forward. One notable factor is the growing demand for organic food production. Given the exponential rise in the world population and depletion of available natural resources, cultivators have started shifting to organic agricultural practices over the years. As a result, the market for agricultural biologicals is also growing, to cater to this rising demand for sustainable crop production solutions. Additionally, The use of conventional agrochemicals over the years has led to soil degradation and compromised crop quality. Given the rising recognition of sustainable agriculture as a promising solution for addressing these challenges, the need for reliable and efficient production of agricultural biologicals is anticipated to grow.
The agricultural biologicals market report also includes detailed profiles of key players (listed below) that offer agricultural biologicals:
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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.
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