The market for agricultural organic products exceeds $34,984 million in
TOKYO, April 25, 2022 (GLOBE NEWSWIRE) — the global agricultural biologics market size is expected to grow at a CAGR of over 13% over the forecast period and reach a market value of approximately USD 34,984 million by 2030.
Over the year, the organic fruit and vegetable market should experience significant growth. Due to their high nutritional value, organic fruits and vegetables are in high demand in domestic and global markets. Compared to 2016, the global total organic farming system increased by 20% in 2017. According to the FIBL report, there were 69.8 million hectares of organic farming managed worldwide in 2017, an increase 20% or 11.7 million hectares compared to 2016. This is the largest increase in organic farming to date. Moreover, with 35.6 million hectares, Australia has the largest organic farming area in the world, followed by Argentina and China. Organic farming is currently developing on all continents. However, the growing awareness of organic food consumption, along with concerns regarding environmental protection and favorable regulations, are the major drivers for the growth of the agricultural organic products market.
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As people’s awareness of the benefits of organic foods has grown, so has their popularity. Organic produce is grown without the use of chemical fertilizers and pesticides and is grown naturally with manure and compost, as well as using only organic pesticides and insecticides. However, agricultural biologics are naturally occurring microorganisms or plant-derived biochemicals that are used to replace chemicals used in modern agriculture. They are effective in protecting farms from pests and weeds and help maintain crop health. In addition to this, they also help with residue and resistance management, restoring mineral and microbial balance and increasing soil carbon levels and water holding capacity. Additionally, agricultural biologics are now used as an integral part of integrated pest management to maintain a balance between the physical, biological and chemical aspects of the soil.
Growth aspects of the global agricultural biologics market
Globally, the organic agriculture market has witnessed significant growth opportunities as the demand for organic products has increased, productivity and yield have improved, and the costs of pesticides and fertilizers increased. Additionally, these product lines help protect plants from pests and are becoming an increasingly important part of modern farming methods. However, different agricultural organizations around the world have used these products to establish sustainable organic farming. Therefore, a number of NGOs and government agencies are promoting the use of agricultural organic products to promote diversity in advanced agricultural practices. Apart from this, the flexible functions of agricultural biologics in conventional and organic crop production systems, along with increased investments in research and development projects by major market players, are expected to drive the market even further. But again, the lack of knowledge and low adoption rate of biopesticides, combined with their limited shelf life, are expected to limit the market growth to some extent.
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Growing use of biopesticides and biofertilizers, propelling market growth
As far as the question goes, organic farming is becoming increasingly popular around the world, aiming to produce healthy, safe and residue-free food while ensuring long-term sustainability. Organic farming encourages the use of biopesticides and biofertilizers to reduce the harmful effects of continued use of chemicals and pesticides. Biofertilizers and biopesticides have become potentially environmentally friendly inputs for agricultural production and seed treatment. In almost all crops, they are used in place of chemical fertilizers and pesticides to improve soil fertility and control a variety of pests, insects and diseases. Accordingly, the growing demand for biopesticides and biofertilizers is propelling the growth of the market.
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa constitute the regional classification of the global agricultural biologics market. The Asia-Pacific organic agriculture market is expected to grow significantly over the forecast period, owing to increasing consumption of organic products, growing population, and increasing R&D expenditure. Additionally, increasing yield and production efficiency, massive expansion in the use of these products in foliar spray, and government support are propelling the growth of the region’s market. The growth of the regional market depends on the need for agricultural fields to be productive while maintaining soil health. Additionally, the demand for high crop productivity and quality, changing farming practices, and precision farming have all contributed to the growth of the Asia-Pacific market.
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The Global biological seed treatment The market size is expected to be worth around US$2 billion by 2026 and grow at an impressive CAGR of around 11.2% from 2019 to 2026.
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The global agricultural biologics market is categorized by Acumen Research and Consultancy based on product, application, source, and crop type. On the basis of product, the market is divided into biopesticides, biostimulants, biofertilizers and others. Based on application, the market has divided into soil treatment, foliar spray, seed treatment and post-harvest. Based on source, the market is categorized into microbial, biochemical, and others. Based on crop type, the market is categorized into grains and grains, fruits and vegetables, oilseeds and pulses, and others.
Some key players covered globally in Agricultural Biologics industry are Dow Chemical International Pvt. Ltd., CropScience LLC, Syngenta India Ltd., BASF India Ltd., Bayer India Ltd., Isagro Asia Agrochemicals Pvt. Ltd., T Stanes & Co Limited, Novozymes India, Arysta LifeScience India Ltd., Camson Bio Technologies, Koppert Biological Systems India Pvt Ltd and Corteva Agriscience.
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Acumen Research and Consulting