Agricultural Biological Market

Agricultural Biological Market

  • MC-6487
  • 4.7 Rating
  • 233 Pages
  • Upcoming
  • 98 Reviews
  • PDF Excel PPT
Riddhesh

Author :

Riddhesh Dani

Harneet

Fact-checked by :

Harneet Meher

Shruti

Editor :

Shruti Bhat

Agricultural Biological Market Outlook 2032

The global agricultural biological market size was USD 15.6 Billion in 2023 and is likely to reach USD 54.5 Billion by 2032, expanding at a CAGR of 14.9% during 2024–2032. The market growth is attributed to the increasing importance of maintaining soil health and rising awareness about health and health-related risks.

Agricultural biologicals, also known as bioproducts, are a category of agricultural inputs derived from natural living organisms, minerals, or naturally occurring beneficial substances. They offer a distinct alternative to conventional chemical-based fertilizers and pesticides. Biologicals promote a sustainable approach to agriculture. They improve soil health, reduce reliance on chemical pesticides, and potentially minimize environmental pollution.

Agricultural Biological Market Outlook

The overuse of chemical pesticides led to concerns about pest resistance and environmental impact. Biologicals offer effective pest control without these drawbacks. Certain biologicals such as biostimulants enhance plant growth, stress tolerance, and nutrient uptake, leading to high yields and improved crop quality. Researchers are constantly identifying new strains of microbes and natural substances with potential agricultural applications, leading to the development of effective and targeted bioproducts.

  • In September 2023, FMC India announced the launch of a biological crop protection solution, Entazia bio fungicide, in India. The product is developed with Bacillus subtilis to control the leaf blight in rice that occurs due to bacteria.

Impact of Artificial Intelligence (AI) on the Agricultural Biological Market

Artificial intelligence (AI) is expected to boost the agricultural biologicals market by addressing several key challenges and creating new opportunities. Traditionally, biological products such as biopesticides and biostimulants are applied uniformly across the field. The AI helps design biostimulants that are targeted to specific crops. This leads to the generation of highly effective and specialized biological products.

AI increases the efficiency of bioproducts. The development of specialized biological solutions with improved farm productivity and sustainability is expected to propel the global market during the forecast period. Furthermore, the increased farmer interest in using biological products due to data-driven decision-making is boosting the market remarkably.

Agricultural Biological Market Dynamics

Agricultural Biological Market Dynamics

Major Drivers

Increasing importance of maintaining soil health is driving the global market. Biological products such as biofertilizers improve soil health by promoting beneficial microbial populations and nutrient cycling, leading to improved crop yields and long-term agricultural sustainability. Furthermore, the rising awareness of health and health-related risks of consuming food grown with chemical-based pesticides and fertilizers is fueling the agricultural biological market.

Existing Restraints

High costs of biological products as compared to conventional options restrain the market. While biologicals offer long-term economic benefits and improved soil health and yields, their high cost deters farmers from adopting biologicals, which hinders the market.

Emerging Opportunities

Rising novel bioproducts and increasing research & developmental activities in agricultural biotechnology create immense opportunities in the market. The integration of agriculture biologicals with precision agriculture, such as drone applications and smart delivery, is a promising trend propelling the market. Moreover, the increasing usage of biofungicides, biofertilizers, and biostimulants to enhance soil fertility is boosting the market.

Scope of the Agricultural Biological Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Agricultural Biological Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2023

Historic Data

2017–2022

Forecast Period

2024–2032

Segmentation

Product Type (Biopesticides, Biofertilizers, and Biostimulants), Application (Foliar Spray, Seed Treatment, and Soil Treatment), and Crop (Grains and Cereals, Pulses and Oilseeds, and Fruits and Vegetables)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

Agrinos; Atlantica Agricola; BASF SE; Bayer CropScience AG; Corteva AgriScience; FMA Corporation; Neudorff; Novozymes AG; Syngenta International AG; and UPL Limited


Market Segment Insights

Regional Analysis

In terms of region, the global agricultural biological market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominated the global market in 2023 and the market in the region is projected to grow at a rapid pace in the coming years, owing to the rising research and development in the agricultural sector. Moreover, the strong regulatory framework for biological products is boosting the regional market. The increasing consumer demand for organic food is fueling the market in North America.

The market in Asia pacific is projected to grow at a significant pace in the years to come, owing to high incidences of pests and diseases affecting crop production, leading to increased demand for biologicals. Moreover, the increasing adoption of biostimulants as active ingredients in India is propelling the regional market. Furthermore, the rising organic farming practices in the region are expected to boost the demand for agricultural biologicals, thereby propelling the market in the region.

Agricultural Biological Market Region

Segment Analysis

Product Type Segment Analysis

Based on product type, the agricultural biological market is divided into biopesticides, biofertilizers, and biostimulants. The biopesticides segment held a large share of the market in 2023, owing to high demand for pest control. Farmers are increasingly becoming aware of pest control practices and readily recognize the need for solutions to combat crop-damaging insects, weeds, and other pests. Biopesticides offer a natural alternative to conventional chemical pesticides, thereby increasing their need and driving the segment. Moreover, the availability of a wide range of products compared to biostimulants is expected to propel the segment during the forecast period.

The biofertilizers segment is anticipated to expand at a substantial CAGR during the forecast period, due to the growing focus on soil health. The importance of maintaining healthy soil for sustainable agriculture is becoming increasingly recognized. Biofertilizers, with their ability to promote beneficial soil microbes and improve nutrient cycling, play a crucial for achieving this goal. Furthermore, the rising prices of conventional chemical fertilizers is expected to fuel the segment.

Agricultural Biological Market Product Type

Application Segment Analysis

On the basis of application, the global market is segregated into foliar spray, seed treatment, and soil treatment. The foliar spray segment is anticipated to register a considerable CAGR during the projection period. The foliar spray is relatively simpler and straightforward compared to other methods. Furthermore, foliar sprays are used to deliver a wide range of biological products, including biopesticides, biostimulants, and even some biofertilizers in liquid form, increasing their flexibility for addressing various crop health concerns.

The soil treatment segment is projected to register a robust growth rate during the assessment years, owing to its long-term benefits. Moreover, the growing focus on soil health is propelling the segment. The importance of maintaining healthy soil for long-term agricultural productivity is gaining recognition. Soil treatment with biological products directly addresses this concern and aligns with the shift toward sustainable farming practices.

Agricultural Biological Market Application Method

Crop Segment Analysis

On the basis of crop, the agricultural biological market is segmented into grains & cereals, pulses & oilseeds, and fruits & vegetables. The cereals & grains segment registered a robust growth rate in 2023. Cereals & grains such as wheat, rice, corn, and barley are the most widely cultivated crops across the globe. This vast cultivation area translates to a significant rise in agricultural products, including biologicals. Additionally, the increasing government initiatives for promoting natural fertilizers and economic importance are boosting the segment.

The fruits & vegetables segment is expected to expand at a significant growth rate during the projection period, owing to the rising demand for organic and residue-free fruits & vegetables. Moreover, the rising demand for high-value crops and strict regulations on conventional pesticides are driving the segment. In some regions, regulations on the use of conventional pesticides for fruits and vegetables are becoming stringent due to food safety concerns. This opens doors for biological alternatives that meet these regulatory requirements.

Segments

The agricultural biological market has been segmented on the basis of

Product Type

  • Biopesticides
  • Biofertilizers
  • Biostimulants

Application Method

  • Foliar Spray
  • Seed Treatment
  • Soil Treatment

Crop

  • Grains & Cereals
  • Pulses & Oilseeds
  • Fruits & Vegetables

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Agrinos
  • Atlantica Agricola
  • BASF SE
  • Bayer CropScience AG
  • Corteva AgriScience
  • FMA Corporation
  • Neudorff
  • Novozymes AG
  • Syngenta International AG
  • UPL Limited

Competitive Landscape

Key players competing in the global agricultural biological market are Agrinos; Atlantica Agricola; BASF SE; Bayer CropScience AG; Corteva AgriScience; FMA Corporation; Neudorff; Novozymes AG; Syngenta International AG; and UPL Limited.

  • In June 2023, Unnati Agri, an agriculture supply chain and financial services startup, raised INR 28.5 crore led by the family office of IPL Biologicals, a prominent bio-product agri firm. The strategic partnership between Unnati Agri and IPL Biologicals aims to focus on climate-ready products. Unnati Agri further plans to use this raised fund to expand its product line and promote sustainable and climate-friendly farming practices across India.

  • In February 2022, Gujarat State Fertilizers & Chemicals Ltd launched the Urban Sardar organic fertilizer, an eco-friendly and non-toxic product containing organic sources of nutrients best suitable for all flowering plants and ornamental plants, gardens, and kitchen gardening.

    Agricultural Biological Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Agricultural Biological Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Agricultural Biological Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Agricultural Biological Market - Supply Chain
  4.5. Global Agricultural Biological Market Forecast
     4.5.1. Agricultural Biological Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Agricultural Biological Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Agricultural Biological Market Absolute $ Opportunity
5. Global Agricultural Biological Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Agricultural Biological Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Agricultural Biological Demand Share Forecast, 2019-2026
6. North America Agricultural Biological Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Agricultural Biological Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Agricultural Biological Demand Share Forecast, 2019-2026
7. Latin America Agricultural Biological Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Agricultural Biological Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Agricultural Biological Demand Share Forecast, 2019-2026
8. Europe Agricultural Biological Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Agricultural Biological Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Agricultural Biological Demand Share Forecast, 2019-2026
9. Asia Pacific Agricultural Biological Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Agricultural Biological Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Agricultural Biological Demand Share Forecast, 2019-2026
10. Middle East & Africa Agricultural Biological Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Agricultural Biological Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Agricultural Biological Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Agricultural Biological Market: Market Share Analysis
  11.2. Agricultural Biological Distributors and Customers
  11.3. Agricultural Biological Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Agrinos
     11.4.2. Atlantica Agricola
     11.4.3. BASF SE
     11.4.4. Bayer CropScience AG
     11.4.5. Corteva AgriScience
     11.4.6. FMA Corporation
     11.4.7. Neudorff
     11.4.8. Novozymes AG
     11.4.9. Syngenta International AG
     11.4.10. UPL Limited

Purchase Premium Report