The global agricultural biologicals market size was valued at USD 13.44 billion in 2023. The industry is expected to expand from USD 15.29 billion in 2024 to USD 44.70 billion by 2032, exhibiting a CAGR of 14.35% over the study period.

Agricultural biologicals can be used solely or combined with synthetic pest-resistant chemicals. The market growth can be credited to the risks pertaining to the usage of synthetic chemicals in agriculture. Unlike their synthetic counterparts, biopesticides have a less detrimental effect and are more specific to the target pests.

In 2020, the global economy was affected by the COVID-19 pandemic owing to an adverse impact on all industrial sectors due to a halt in their activities, stoppage of international travel, and permission for only essential businesses, including food and medicines, to function. In addition, a drop in revenue generation was observed by prominent companies in the industry.

Fortune Business Insights™ provides this information in its research report, titled “Agricultural Biologicals Market, 2024-2032”.

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Segmentation

Surging Focus of Farmers on Developing Pest-resistant Products to Impel the Biopesticides Segment Expansion

In terms of type, the market is classified into biofertilizers, biopesticides, and biostimulants. The biopesticides segment registered the largest share in 2023. This is on the back of the growing emphasis of agriculturists and farmers on developing pest-resistant products to boost the yield of high-quality crops.

Rising Uptake of Microbials to Foster the Segment Growth

Based on source, the agricultural biologicals market is divided into biochemicals and microbial. The microbial segment witnesses a major part in the agricultural biologicals market share. The surging adoption of microbials by farmers to solve different major agricultural issues is augmenting the segment expansion.

Surging Adoption of Foliar Spray by Large Farmers to Augment the Segment Expansion

With respect to application method, the market is categorized into seed treatment, soil treatment, foliar spray, and others. The foliar spray segment captured a major share in 2023. The growing adoption of foliar spray by large and small-sized conventional and organic farmers is bolstering the segment growth.

Surging Consumer Preference for Less Processed Foods to Spur the Row Crops Segment Growth

By crop, the market is segregated into fruits & vegetables, row crops, and others. The row crops segment dominated in 2023 on account of the growing consumer preference for less organic and processed foods.

From the regional perspective, the market is classified into Europe, the Asia Pacific, North America, the Middle East & Africa, and Europe.

Report Coverage

The report offers an in-depth analysis of the significant driving and restraining factors affecting the market growth. In addition, it provides a comprehensive coverage of the top trends, COVID-19 impact, and key industry developments. Besides this, it offers vital insights into the strategic initiatives deployed by leading companies to outshine the competition.

Drivers and Restraints:

Increasing Uptake of Integrated Pest Management Practices for Sustainable Agriculture to Escalate the Market Growth

One of the major factors propelling the agricultural biologicals market growth is an increase in the uptake of integrated pest management practices for sustainable agriculture. The popularity of biopesticides among farmers who deploy integrated pest management practices inclined toward the utilization of smart and sustainable methods for crop protection is being supported by their eco-friendly attributes and high effectiveness.

Despite such growth opportunities, the shortage of well-defined regulatory guidelines for biologicals may hinder the market growth.

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Regional Insights:

North America Dominated Due to Growing Acreage for Field Crops

North America market for agricultural biologicals captured the largest share in 2023. This can be attributed to the surging acreage for field crops including soybeans, cotton, and wheat coupled with the worrying growth in plant diseases and infections.

The growth of Europe market for agricultural biologicals is driven by the increasing prices of nitrogen and phosphorous-based chemical fertilizers.

Competitive Landscape:

Key Players Deploy Product Development Strategies to Strengthen their Market Position

The presence of several emerging and well-established companies has led to a moderately consolidated structure of the market. Leading companies register a significant share due to the increasing global food production, robust brand loyalty & distribution network, and huge client base. Moreover, product development strategies are being adopted by top companies to boost their position.

Key Industry Development:

August 2022: Chambal Fertilizers and Chemicals Limited (CFCL) released UTTAM SUPERRHIZA, which is their first Mycorrhiza Product in the Mycorrhiza category of biofertilizers. The product deploys a superior growth promoter technology offering native biological inputs that complement Mycorrhiza performance.

List of Key Players Mentioned in the Report:

  • Bayer AG (Germany)
  • BASF SE (Germany)
  • Syngenta AG (Switzerland)
  • UPL Limited (India)
  • Marrone Bio Innovations (U.S.)
  • SEIPASA S.A. (Spain)
  • Koppert Biological Systems (Netherlands)
  • PI Industries (India)
  • Novozymes A/S (Denmark)
  • Gowan Group (U.S.)

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