Top Trends in the Agricultural Biologicals Market is Poised for Substantial Expansion in Coming Years

The agricultural biologicals market is poised for substantial expansion, with forecasts indicating a compound annual growth rate (CAGR) of 13.7% by 2028, reaching USD 27.9 billion from an estimated value of USD 14.7 billion in 2023.

This growth is attributed to several key factors, including increasing consumer awareness of organic food products, rising environmental concerns, and supportive regulatory frameworks. Agricultural biologicals have emerged as integral components of integrated pest management (IPM) strategies, particularly in developed markets, where they complement new synthetic crop chemistries. Key industry players are focusing on strategic initiatives such as expansions, product launches, and collaborations to fortify their market positions.

A primary driver of the agricultural biologicals market is the escalating consumer preference for organic products. Heightened awareness of conventional pesticide and fertilizer usage in vegetable cultivation has led consumers to opt for organic food alternatives. The absence of pesticide residues, fertilizers, growth hormones, and antibiotics in organic foods significantly influences consumer choices, fostering the farm-to-table concept. 

Notably, European countries have witnessed substantial retail sales growth of organic food products, with Denmark, Sweden, Switzerland, Austria, and Luxembourg emerging as leading producers, as highlighted in the FiBL report, "The Organic Market in Europe 2021: Current Statistics."

Overall, the agricultural biologicals market stands to benefit from the increasing demand for organic food products, driven by heightened consumer awareness and environmental consciousness.

Leading companies in the agricultural biologicals market include BASF SE (Germany), Syngenta AG (Switzerland), Pro Farm Inc. (US), Isagro S.p.A. (Italy), UPL (India), Evogene Ltd (Israel), Bayer AG (Germany), and Vegalab S.A. (US).

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