The Top Trends in the Agricultural Biologicals Market is projected to reach USD 27.9 billion by 2028

The Top Trends in the Agricultural Biologicals Market is projected to grow at a CAGR of 13.7% from an estimated value of USD 14.7 billion in 2023 to reach USD 27.9 billion by 2028.

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The global agricultural biologicals market is expected to experience a Compound Annual Growth Rate (CAGR) of 13.7% from an estimated value of USD 14.7 billion in 2023 to reach USD 27.9 billion by 2028. Factors such as the increasing awareness of organic food products, concerns about environmental safety, and favorable regulations are driving the growth of the agricultural biologicals market.

Agricultural biological products have become an integral part of integrated pest management practices (IPM) in developed markets, where they are used in conjunction with new synthetic crop chemistries. Key players in the market are adopting strategies such as expansions, new product launches, and agreements to strengthen their market position.

One of the primary drivers for the growth of the agricultural biologicals market is the growing preference for organic products. Consumers are becoming increasingly aware of the use of pesticides and fertilizers in conventionally grown vegetables, leading to a greater adoption of organic food products. The absence of pesticide residues, fertilizers, growth hormones, and antibiotics in organic foods has encouraged consumers to choose organic options.

This heightened awareness has also fueled the farm-to-table concept among consumers. According to a report published by FiBL on 'The Organic Market in Europe 2021: Current Statistics,' retail sales of organic food products have significantly increased in European countries in recent years. Denmark, Sweden, Switzerland, Austria, and Luxembourg are among the largest producers of organic products between 2018 and 2019.

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Top agricultural biologicals companies 

  • BASF SE, Bayer AG, UPL, Pro Farm Inc., Corteva AgriSciences, and more
  • Other notable players: Valagro S.P.A., Syngenta AG, Stockton Bio-AG, and Rizobacter

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