Top Trends In The Agricultural Biologicals Market Driving Factors & Global Forecast To 2028

By Author: sonal
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The global agricultural biologicals market is projected to grow at a CAGR of 13.7% from an estimated value of USD 14.7 billion in 2023 to reach USD 27.9 billion by 2028.

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In 2022, the North American region emerged as the dominant contributor to the growth of the Agricultural Biologicals market, holding the largest market share. The expansion of the organic industry, increasing costs of chemical fertilizers, and growing awareness about soil nutrient preservation are key factors driving the growth of the Agricultural Biologicals market.

The North American region, known for its extensive research and development efforts and the granting of numerous patents for biocontrol and biostimulants by major companies, has played a significant role in the market's expansion in this region.

In Europe and the Americas, international manufacturers are facing intense competition as they seek to tap into the market potential in the agricultural biologicals sector. These regions offer substantial market opportunities ...
... due to factors such as stringent regulations on chemical pesticide use, rising consumer demand for sustainable and organic products, and government initiatives supporting environmentally friendly agricultural practices. As a result, many international manufacturers are striving to seize these opportunities and establish their presence in the market.

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Some of the prominent and financially stable players in the industry include BASF SE (Germany), Bayer AG (Germany), UPL (India), Pro Farm Inc. (US), Corteva AgriSciences (US), Valent BioSciences (US), Koppert Biological Systems (Netherlands), and Certis USA LLC (US). These companies have been operating in the industry for several years and have established themselves as key players. Other notable players include Valagro S.P.A. (Italy), Syngenta AG (Switzerland), Stockton Bio-AG (Israel), Valent BioSciences (US), and Rizobacter (Argentina), among others.