The market for agricultural organic products is worth $20.59 billion per

Pune, India, July 29. 2022 (GLOBE NEWSWIRE) — The world agricultural organic products market The size is expected to grow significantly in the coming year due to the growing need to feed the growing population with higher quality agrarian production. Growing incidences of pest outbreaks destroy fields with a bang in no time. Many farmers face huge losses every year. Pesticides and chemicals used in crops are harmful to humans when consumed, which has led to the adoption of organic products. The Fortune Business Insights released its report titled, Agriculture Biologics Market Size, Share & Industry Analysis, and Regional Forecast 2019-2026,indicates that the market size was USD 7.42 billion in 2018 and is expected to grow at a CAGR of 13.68% to reach USD 20.59 billion by the end of 2026. The forecast duration is set between 2019 and 2026 .

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Fortune Business Insights™ lists the names of players operating in the market. They are the following:

  • Novozymes A/S
  • Valagro SpA
  • Isagro SpA
  • Koppert biological systems
  • Valent Biosciences
  • Marrone Bio Innovations
  • UPL
  • Bayer CropScience
  • Syngenta AG
  • BASF SE
  • Other providers

Report Scope and Segmentation:

Report cover Details
Forecast period 2019-2026
Forecast CAGR 13.68%
2026 value projection $20.59 billion
base year 2018
Size of the agricultural organic products market in 2018 $7.42 billion
Historical data 2015-2017
Number of pages 175
Segments Covered By type, by formulation, by application
Agricultural Biologics Market Growth Drivers Increase Incidence Of Pest Outbreaks To Drive Market
Launching an innovative and high-quality product is a key strategy for market growth

The report answers the following questions:

  • What is the nature of the market?
  • How will stringent regulations on chemical and synthetic fertilizers shape the agricultural organics market?
  • What are the key market drivers and restraints?
  • What are the significant industry developments and current market trends?

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Drivers and Constraints-

Increase Incidence Of Pest Outbreaks To Drive Market

Most chemicals used in crops exploit and pose a threat to the environment. The growing awareness of the harmful effects of chemicals on vegetables is a significant factor in promoting the growth of the agricultural biologics market. In addition, the growing demand for premium agricultural products and the need to protect them from pests will contribute to the expansion of the market. In addition, growing awareness of crop protection and nutrition products among farmers and agriculture enthusiasts will also increase growth.

On the contrary, crops grown from this procedure have a lower shelf life than crops produced from chemical and synthetic fertilizers, which may challenge the market. Nonetheless, the stringent regulations imposed by various regulatory bodies on the use of synthetic or man-made biologics are likely to create lucrative growth opportunities for the market in the coming years.

Segment-

The biopesticides segment will cover large shares due to the increasing inclination towards the development of pest resistant products

Based on segmentation by type, the biopesticides segment gained 51.8% market share from agricultural biologics. This is attributed to the growing preference for pest resistant products for their crops. This, coupled with the growing demand for organic farming, is driving the sale of this segment and is expected to continue to do so in the years to come.

Regional Analysis-

North America and Europe will dominate the market owing to stringent regulations on synthetic chemicals

Based on geographic segmentation, Europe and North America hold an estimated market share of 60% or more. This is attributed to the advent of advanced agricultural technologies to develop products, coupled with the strict laws imposed on the use of synthetic chemicals to protect crops. Additionally, the growing number of organic farms in major economies such as Mexico and the United States are also expected to help these regions continue to dominate the market over the forecast years. In 2018, North America had a turnover of 2.40 billion dollars.

Competitive landscape-

Players engaging in geographic expansion to gain competitive advantage

Companies operating in the agricultural organic products market are investing heavily in the development and uses of products in various sectors such as horticulture, agriculture and forestry, to gain major shares. In addition, the players are also waiting to obtain approvals from regulatory bodies and pest control departments for their products, thus helping them to maintain their strategic position in the market. Additionally, the players emphasize geographic expansion, offering a diversified portfolio.

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Detailed Table of Contents:

  • Introduction
    • Search scope
    • Market segmentation
    • Research Methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • key ideas
    • Overview on the trend of the use of agrochemicals
    • Supply chain and regulatory analysis
    • Recent Industry Developments – Mergers & Acquisitions, New Product Launches, Collaborations & Partnerships
  • Global Agricultural Biologics Market Analysis, Outlook and Forecast, 2015-2026
    • Main results/summary
    • Market Analysis, Outlook and Forecast – By Type
      • Biopesticides
      • Biostimulants
      • Biofertilizers
    • Market Analysis, Outlook and Forecast – By Source
    • Market Analysis, Outlook and Forecast – By Application Method
      • Foliar spray
      • Soil treatment
      • Seed treatment
      • Others
    • Market analysis, outlook and forecast – by crop
      • Row crops
      • Fruits and vegetables
      • Others
    • Market Analysis, Outlook and Forecast – By Geography
      • North America
      • Europe
      • Asia Pacific
      • South America
      • Middle East and Africa
  • North America Agricultural Biologics Market Analysis, Outlook and Forecast, 2015-2026
    • Main results/summary
    • Market Analysis, Outlook and Forecast – By Type
      • Biopesticides
      • Biostimulants
      • Biofertilizers
    • Market Analysis, Outlook and Forecast – By Source
    • Market Analysis, Outlook and Forecast – By Application Method
      • Foliar spray
      • Soil treatment
      • Seed treatment
      • Others
    • Market analysis, outlook and forecast – by crop
      • Row crops
      • Fruits and vegetables
      • Others
    • Market Analysis, Outlook and Forecast – by Country

TOC Continued…!

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Biofertilizers market size, Sharing, Growth | Global analysis [2029]

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