The Top Trends in the Agricultural Biologicals Market is projected to grow at a CAGR of 13.7% from an estimated value of USD 9.9 billion in 2020 to reach USD 18.9 billion by 2025.
The market is driven by factors such as increased awareness towards organic food, growing concerns about the hazards of using chemicals, demand for high-value crops, and increase in awareness about residue levels in food, and favorable regulatory framework for the application of agricultural biologicals products are some of the key drivers for growth in agricultural biologicals market.
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The increasing demand for biocontrols in the North American region is projected to drive the growth of the agricultural biologicals market.
The North American region accounted for the largest share of the market in 2019. Growth in the organics industry, rise in the cost of chemical fertilizers, and increasing awareness for the preservation of soil nutrients are the major driving factors of this market. Growth in the North American region can be attributed to its high-end R&D infrastructure and the high number of patents received for biocontrol and biostimulants by various key companies in the region.
Key players in the agricultural biologicals market include BASF SE (Germany), Syngenta AG (Switzerland), Marrone Bio Innovations (US), Isagro S.p.A. (Italy), UPL (India), Evogene Ltd (Israel), Bayer AG (Germany), and Vegalab S.A. (US).
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