Global Agricultural Biologicals Market Size, Share, Development, Growth and Demand Forecast to 2023 By P&S Market Research

Market Overview

Agricultural biologicals market includes an eco-friendly farming process involving crop rotation and recycling of animal manure, green manure and crop residues. Agricultural biologicals are products obtained from organic matter such as plant extracts and naturally occurring microorganisms, employed to enhance the crop productivity and improving the crop health. Additionally, they focus on moderate use of agricultural machinery and biologicals control methods thereby, reducing the use of chemical pesticides and fertilizers.
The natural products used in agricultural biologicals complement or replace traditional fertilizers and chemicals that would help in reducing the environmental impact of synthetic pesticides. Moreover, the agricultural biologicals provide natural solutions such as microbes, plant extracts, beneficial insects and other organic material that allows farmers to improvise on crop health and productivity.

Market Dynamics

The global market for agricultural biologicals is expected to rise during the forecast period (2017-2023) on account of increasing shift in consumer preferences from chemical/synthetic-based farming to organic farming techniques. Additionally, an increase in demand for crop protection against weeds, insects and pests is likely to spur the growth of global agricultural biologicals market during the forecast period. The rising global demand for food, high yield and improved nutrition content in plants is estimated to further propel the agricultural biologicals market during the forecast period. By type, bio pesticides is expected to witness fastest-growth in the global agricultural biologicals market during the forecast period.
Trends
The key trend observed in the global agricultural biologicals market is increasing demand for organic foods owing to the growing awareness among the health-conscious population. Moreover, major supermarket chains across the globe such as   Wal-Mart Stores, Inc. and Costco Wholesale Corporation are expanding their product offerings in the organic food business. For instance, as of December 2015, Wal-Mart Canada launched a new private brand selection of organic products, under the brand name Great Value, ranging from cookies to pastas to popcorn.
Growth Restraints
Lack of awareness towards bio-based agricultural products and the low adoption rate of biopesticides are the major restraints faced by the global agricultural biologicals market. 

Competitive Landscape

The key players operating in the global agricultural biologicals market include Syngenta AG, The Dow Chemical Company, BASF SE, Bayer AG, Isagro S.p.A., Novozymes A/S, T. Stanes & Company Ltd, Marrone Bio Innovations, Arysta LifeScience Corporation, and Certis USA L.L.C.
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