Global agricultural biologicals market forecast to 2022

Global Agricultural Biologicals Market Forecast to 2022

Summary  Agricultural Biologicals Market is projected to grow at a CAGR of 13.77%  The agricultural biologicals market is projected to reach USD 12.86 billion by 2022 from USD 6.75 billion in 2017, at a CAGR of 13.77%.  The market is driven by growth in demand for biopesticides and biofertilizers that are effective in controlling insect population and maintaining plant health respectively, which helps to reduce the toxicity risks to the environment and human health.  Limited product availability is one of the major restraints in the growth of the agricultural biologicals market.

This report categorizes the market based on manufacturers, regions, types and applications.

Large Players     

Bayer (Germany) Monsanto BioAG (US) BASF (Germany) Syngenta (Switzerland) DowDuPont (US)

Emerging Players  Marrone Bio Innovations (US)  Arysta LifeScience (US)  Isagro (Italy)  Valagro (Italy)  Certis USA (US)  Koppert (Netherlands)  Biolchim (Italy)

The breakdown of the primaries on the basis of company, designation, and region conducted during the research study, is as follows:   

By Company Type: Tier 1 – 25%, Tier 2 – 34%, and Tier 3 – 41%

By Designation: C-Level – 15%, Directors – 55%, and Others* – 30%

By Region: Americas – 45%, Europe – 30%, Asia Pacific – 20%, and RoW – 5%

*Others include sales managers, marketing managers, and product managers.

Note: Tier 1: Revenue > USD 1 billion; Tier 2: Revenue USD 500 million to < USD 1 billion; Tier 3: Revenue < USD 500 million

Regional analysis covers

North America

Latin America

Europe

Asia-Pacific

Middle East and Africa

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 Seed treatment segment is projected to boost the growth of agricultural biologicals from 2017 to 2022  Based on mode of application, the seed treatment segment is projected to grow at the highest rate during the forecast period.  The market for seed treatment is growing at the fastest rate as microbial seed treatments provide more targeted activity on specific pests and improve the efficiency of nutrient uptake in plants.  Additionally, biocontrol seed treatments leave virtually no harmful residue and allow field re-entry almost immediately after application.

 North America is estimated to be the largest market in 2017  North America is estimated to be the largest agricultural biologicals market, by region, in 2017.  This can be attributed to the rapid adoption of modern agricultural technologies due to the ban on certain chemical formulations and to develop a sustainable approach to mitigate the environmental risks of pesticide use.  The market in this region is also projected to grow at the highest CAGR from 2017 to 2022.  It is driven by highly streamlined product registration process, which makes it easier for most private companies to launch their products easily.

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