Top Trends in the Agricultural Biologicals Market Driving Factors & Global Forecast to 2028

The Top Trends in the Agricultural Biologicals Market is expected to experience a compound annual growth rate (CAGR) of 13.7% during the forecast period, reaching a value of USD 27.9 billion by 2028 from an estimated value of USD 14.7 billion in 2023.

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The market growth is primarily driven by the increasing awareness of organic food products, growing concerns about environmental safety, and favorable regulatory frameworks. Agricultural biological products have become essential components of integrated pest management (IPM) practices, particularly in developed markets where they are used in conjunction with new synthetic crop chemistries. To strengthen their market presence, key players are focusing on strategic developments such as expansions, new product launches, and agreements.

One of the main drivers behind the growth of the agricultural biologicals market is the growing consumer preference for organic products. Consumers are becoming more aware of the use of pesticides and fertilizers in conventionally grown vegetables, leading them to choose organic food options. The absence of pesticide residues, fertilizers, growth hormones, and antibiotics in organic foods has significantly influenced consumer decision-making. This increased awareness has also fostered the farm-to-table concept among consumers. A report by FiBL on 'The Organic Market in Europe 2021: Current Statistics' highlights the substantial retail sales growth of organic food products in European countries. Denmark, Sweden, Switzerland, Austria, and Luxembourg are among the leading producers of organic products between 2018 and 2019.

Overall, the agricultural biologicals market is poised for significant growth as the demand for organic food products continues to rise, driven by consumer awareness and environmental concerns.

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Leading Companies and Players

  • Well-established and financially stable players operating in the industry
  • BASF SE, Bayer AG, UPL, Pro Farm Inc., Corteva AgriSciences, and more
  • Focus on marketing strategies, product portfolio, and development
  • Other notable players: Valagro S.P.A., Syngenta AG, Stockton Bio-AG, and Rizobacter

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