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).

Comments

Post a Comment

Popular posts from this blog

Global Bottled Water Processing Market: Key Trends and Insights by 2028

A recent research report by MarketsandMarkets titled " Bottled Water Processing Market " provides valuable insights into the dynamics of the bottled water industry. The study covers both the bottled water market and the bottled water equipment market, forecasting significant growth in both segments. Here are key highlights from the report: Download PDF Brochure Bottled Water Market Overview: The bottled water market is projected to reach USD 457.1 billion by 2028, exhibiting a CAGR of 8.0% from 2023. This growth is attributed to the rising demand in emerging markets where limited access to safe drinking water is a challenge. The global population increase also contributes to the surge in demand for clean and safe drinking water, emphasizing the pivotal role of bottled water processing in providing accessible hydration solutions. Product Type Insights: The report highlights that still water dominates the market, accounting for the largest share in 2022 in terms of value. This ...
Read more

Growth Trends and Opportunities in the Global Edible Oils Market

The global edible oils industry is on track to reach USD 268.9 billion by 2027, marking a significant increase from USD 212.6 billion in 2022, with a projected compound annual growth rate (CAGR) of 4.8% between 2022 and 2027. This growth is primarily fueled by the rising global population, coupled with shifts in lifestyle preferences towards processed foods, where edible oils play a crucial role as primary ingredients. Furthermore, ongoing advancements in food processing, including the development of novel products such as confectionery, bakery items, ready-to-eat foods, and fast foods, are driving substantial demand for edible oils. Download PDF Brochure      Soybean oils emerge as the fastest-growing segment in the global edible oils market , anticipated to experience a robust CAGR of 5.4% during the forecast period. With concerns regarding food costs and climate change's impact on food supplies, soy products, particularly soybean oil, are gaining traction. Soybean oil...
Read more

Beer Processing Market Analysis and Global Forecast to 2025

Image
The global beer processing market studied in this report involves the market coverage of brewery equipment and beer. The global beer processing market is estimated to account for about USD 677.5 billion in 2019 and is projected to reach a value of USD 815.4 billion by 2025, growing at a CAGR of 3.1%. The changing consumer preferences for artisanal and craft beer, instead of traditional beer or other alcoholic beverages, drive the market for beer, globally. Download PDF Brochure The brewery equipment market has been growing in tandem      with the rising demand and consumption of beer. The other factor responsible for driving the global brewery equipment market is the growing number of microbreweries as well as brewpubs.  The European region is projected to account for the largest market share in the brewery equipment market due to the ever increasing beer industry and the presence of leading beer manufacturers. In the beer market, Asia Pacific dominated the global ...
Read more