Agricultural Biologicals Market Size to Grow USD 39.59 Bn by 2033

The global agricultural biologicals market size is anticipated to grow to around USD 39.59 billion by 2033, growing at a CAGR of 10.75% from 2024 to 2033.

Key Points

• The North America agricultural biologicals market size reached USD 5.22 billion in 2023 and is expected to be worth around USD 14.49 billion by 2033.
• North America led the agricultural biologicals market with the largest share of 36.6% in 2023.
• By Product, the biopesticides segment dominated the agricultural biologicals market with the largest share 57% in 2023.
• By Application, the foliar spray segment held the dominating share of around 64.5% in 2023.
• By Crop-type, the cereals & grains segment has accounted market share of around 37.4% in 2023.
• By end-user, the biological product manufacturers segment held the largest share of the market in 2023.

The Agricultural Biologicals market comprises products derived from natural sources, including plants, animals, microorganisms, and minerals, that can be used to enhance agricultural production. These products include biopesticides, biofertilizers, biostimulants, and other biological solutions for managing crops and improving soil health. Agricultural biologicals are becoming increasingly popular as farmers seek sustainable and environmentally friendly alternatives to traditional chemical-based agricultural inputs.

The market has experienced significant growth in recent years due to increased awareness of the environmental impact of synthetic chemicals, growing consumer demand for organic and sustainably produced food, and the need for improved crop productivity to feed the growing global population.

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Growth Factors

1. Environmental Concerns: Increased awareness of the environmental impact of synthetic chemicals in agriculture is driving the demand for agricultural biologicals. These products offer a more sustainable approach to pest control and soil management, reducing pollution and protecting biodiversity.
2. Consumer Demand for Organic Food: Growing consumer preference for organic and naturally produced food is encouraging farmers to adopt agricultural biologicals. These products align with organic farming practices and help farmers meet consumer expectations.
3. Government Regulations: Many governments around the world are implementing stricter regulations on chemical pesticides and fertilizers. This is creating a favorable environment for the adoption of agricultural biologicals.
4. Advancements in Biotechnology: Ongoing research and development in biotechnology are leading to the creation of new and more effective biological products. These advancements are expanding the applications and benefits of agricultural biologicals.
5. Sustainable Agriculture Initiatives: International organizations and governments are promoting sustainable agriculture practices, including the use of agricultural biologicals, as part of efforts to combat climate change and ensure food security.

Region Insights

1. North America: The North American market is one of the largest for agricultural biologicals due to strong consumer demand for organic products and advanced agricultural practices. The United States and Canada are key markets, with a focus on biopesticides and biofertilizers.
2. Europe: Europe is a significant market, driven by stringent regulations on chemical use in agriculture and a strong emphasis on organic farming. Countries like Germany, France, and the Netherlands are leading in the adoption of agricultural biologicals.
3. Asia-Pacific: This region is experiencing rapid growth in the agricultural biologicals market due to increasing population, rising disposable income, and growing demand for sustainable farming practices. China and India are key markets, with a focus on biofertilizers and biopesticides.
4. Latin America: Latin America is a major producer of agricultural commodities and is increasingly adopting agricultural biologicals to improve crop yields and quality. Brazil and Argentina are leading markets in the region.
5. Middle East and Africa: The Middle East and Africa region is seeing growing interest in agricultural biologicals due to the need for improved agricultural productivity and soil health. Countries like South Africa and Saudi Arabia are key markets in this region.

Agricultural Biologicals Market Scope

Agricultural Biologicals Market Dynamics

Drivers

1. Growing Population: The global population is expected to reach over 9 billion by 2050, increasing the demand for food production. Agricultural biologicals can help boost crop yields and ensure food security.
2. Sustainable Farming Practices: Farmers are increasingly adopting sustainable practices to reduce their environmental footprint. Agricultural biologicals play a key role in this transition by providing natural alternatives to synthetic chemicals.
3. Technological Innovations: Advances in biotechnology and microbial research are leading to the development of new and more effective agricultural biological products.
4. Supportive Government Policies: Many governments are offering subsidies and incentives to promote the use of agricultural biologicals, further driving market growth.
5. Increased Awareness: Farmers and consumers are becoming more aware of the benefits of agricultural biologicals, including their role in improving soil health, crop quality, and environmental sustainability.

Challenges

1. Regulatory Hurdles: The regulatory landscape for agricultural biologicals can be complex and varies by region. Navigating these regulations can be challenging for companies seeking to introduce new products.
2. Limited Awareness and Adoption: Despite growing interest, awareness and adoption of agricultural biologicals can still be limited in some regions, particularly in developing countries.
3. Cost and Accessibility: The cost of agricultural biologicals can be higher than traditional chemical inputs, which may be a barrier for some farmers, especially those with limited resources.
4. Product Efficacy and Consistency: Ensuring the efficacy and consistency of agricultural biologicals can be challenging, as these products may be affected by environmental factors such as temperature and humidity.
5. Competition from Synthetic Products: Traditional chemical inputs continue to dominate the market, and agricultural biologicals must compete with these established products in terms of cost and effectiveness.

Opportunities

1. Research and Development: There is significant potential for research and development in the field of agricultural biologicals. Companies that invest in innovation can create new and improved products that offer greater benefits to farmers.
2. Emerging Markets: Developing regions offer substantial growth opportunities as farmers seek to improve crop yields and adopt sustainable practices. Companies can capitalize on these markets by providing affordable and accessible biological solutions.
3. Strategic Partnerships: Collaborations between companies, research institutions, and government agencies can drive innovation and expand the reach of agricultural biologicals.
4. Digital Agriculture: The integration of digital technologies with agricultural biologicals can enhance precision farming and improve the efficacy of biological products.
5. Consumer Education: Educating consumers about the benefits of agricultural biologicals can drive demand for organic and sustainably produced food, further fueling market growth.

Read Also: Smart Medical Devices Market Size to Rise USD 152.30 Bn by 2033

Recent Developments

• In March 2024, Certis Biologicals comes in a strategic collaboration with the SDS Biotech K.K. for the commercialization and development of the agricultural biological products. The partnership aiming the goal is to find the solution for the evolving challenges of the agriculture industry.
• In March 2024, IPL Biologicals launched its latest brand identity and Microbot™ Technology, to celebrate its 30-year-old journey. The latest logo shows the farming community with the representation of growth, sustainability, and nature.
•  In June 2023, AgBiome tapped in the agreement with the Ginkgo Bioworks aiming to increase the development of latest agricultural biologicals and enhance existing product that uses in the production of crops.

Agricultural Biological Market Companies

• BASF SE (Germany)
• Syngenta AG (Switzerland)
• Bayer AG (Germany)
• UPL (India)
• Corteva Agriscience (US)
• The Mosaic Company (US)
• Pro Farm Group Inc. (US)
• Gowan Company (US)
• Vegalab SA (Switzerland)
• Lallemand Inc. (Canada)
• Valent BioSciences LLC (US)

Segments Covered in the Report

By Crop-type

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

By Product

• Biopesticides
  • Biochemicals
  • Microbials
• Biostimulants
  • Acid Based
  • Seaweed Extract
  • Microbials
  • Others
• Biofertilizers
  • Nitrogen Fixation
  • Phosphate Solubilizing
  • Others
• Others (Macro-organisms)

By Application 

• Foliar Sprays
• Soil Treatment
• Seed Treatment
• Post-harvest

By End-User

• Biological Product Manufacturer
• Government Agencies

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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