The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global agricultural biologics market has witnessed remarkable expansion, with the market size surging from $10.52 billion in 2022 to $12.11 billion in 2023, showcasing a robust Compound Annual Growth Rate (CAGR) of 15.2%. Looking ahead, the market is projected to reach $21.07 billion in 2027, with an anticipated CAGR of 14.8%. This growth is not just numerical but is intricately linked to the challenges posed by increasing pest outbreaks and the industry’s innovative response.

Pests Unleashed: Fueling the Agricultural Biologics Surge

– Incidences of Pest Outbreaks

• Definition: Sudden and large pest populations economically harmful to crops and humans.
• Impact: Threatens major food crops like corn, wheat, and rice, causing 10–40% losses.
• Global Cost: Pests result in significant economic losses, affecting the global economy.
• Example: Locust invasion in various countries estimated a staggering $2.5 billion in crop damage.

Industry Titans: Key Players

– Major Players

• Syngenta AG
• The Dow Chemical Company
• Bayer AG
• BASF SE
• Isagro Company
• Marrone Bio Innovations
• Koppert Biological Systems
• Novozymes A/S
• Gowan Company LLC
• Vegalab SA
• Lallemand Inc.
• Valent Bioscience
• T Stanes & Co Limited
• Arysta LifeScience
• Camson Bio Technologies

Trending Collaborations: Strategic Partnerships in Focus

– Key Trends

• Strategic Collaboration and Partnerships
• UPL and Chr. Hansen Collaboration (October 2021)
  • Aims to fight pest diseases and improve crop quality worldwide.
• Marrone Bio Innovations and Terramera Collaboration (August 2021)
  • Exchange of technological and biological expertise to enhance crop protection product performance.
• Industry Emphasis: Collaboration for product development and commercialization is gaining momentum.

Market Segmentation: Unveiling Diversity

– Global Agricultural Biologics Market Segmentation

1. By Type
   • Biopesticides
   • Biofertilizers
   • Biostimulants
2. By Source
   • Microbials
   • Macrobials
   • Biochemicals
   • Other Sources
3. By Mode of Application
   • Foliar Spray
   • Soil Treatment
   • Seed Treatment
   • Post-Harvest
4. By Application
   • Cereals And Grains
   • Oilseed And Pulses
   • Fruits And Vegetables
   • Turf And Ornamentals
   • Other Applications

Regional Dynamics: North America Leading, Asia-Pacific Emerging

– Regional Insights

• North America (2022)
  • Largest region in the agricultural biologics market.
• Asia-Pacific (Forecast)
  • Expected to be the fastest-growing region.
• Significance: Highlights the global nature of the market and Asia-Pacific’s pivotal role in future growth.

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The Agricultural Biologics Global Market Report 2023  provides an overview of the agricultural biologics market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The agricultural biologics market forecast analyzes agricultural biologics market size, agricultural biologics market share, leading competitor and their market positions.

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