DUBLIN--(BUSINESS WIRE)--The "Agricultural Biologicals Market by Type (Biopesticides, Biofertilizers, and Biostimulants), Source (Microbials and Biochemicals), Mode of Application (Foliar Spray, Soil Treatment, and Seed Treatment), Application & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The agricultural biologicals market is estimated to reach a value of USD 6.75 Billion in 2017, and is projected to reach USD 12.86 Billion by 2022, at a CAGR of 13.77% from 2017.
The agricultural biologicals market, based on type, has been segmented into biopesticides, biofertilizers, and biostimulants. Due to the increased interest in sustainable agricultural practices, and the loss of many conventional products to reregistration or performance issues, the biopesticides segment occupied a large share in the market.
The agricultural biologicals market, by source, has been segmented into microbials and biochemicals. The microbials segment estimated to be the largest in 2017, owing to the high usage of microbials, which have various extraordinary properties/characteristics that help to control fungi, bacteria, insects, and weeds. They also stimulate plant growth and yield by improving access to nutrients.
The agricultural biologicals market, by mode of application, has been segmented into foliar spray, soil treatment, and seed treatment. Foliar spray is an excellent solution for plants experiencing stress. Macronutrients and micronutrients are normally added along with the biostimulants meant for foliar application. Due to these advantages, the foliar spray segment is estimated to dominate the market in 2017.
The agricultural biologicals market, by application, has been segmented into cereals & grains, oilseeds & pulses and chemical. The fruits & vegetables segment is estimated to dominate the market in 2017, due to the increased demand for fruits & vegetables with lesser residual load.
- Higher Necessity for Agricultural Sustainability
- Favorable Regulatory Framework
- High Growth Prospects for Organic Foods
- Promotion by Government Organizations
- Technological and Environmental Constraints
- Limited Product Availability and Low Efficacy of Biologicals
- Rising Opportunity for Microbial Seed Treatment Products
- Strong Market Potential in Developing Countries
- Poor Agricultural Practices and Supply Chain Infrastructure
- Low Adoption Rate of Agricultural Biologicals
- Arysta Lifescience
- Certis USA LLC
- Marrone Bio Innovations
- Monsanto Bioag Alliance
- Valent Biosciences
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