The agricultural biologicals market is projected to grow at a CAGR of 13.77%

LONDON, Fev. 6, 2018 /PRNewswire/ -- The agricultural biologicals market is projected to grow at a CAGR of 13.77%.
The agricultural biologicals market is projected to reach USD 12.86 billion by 2022 from USD 6.75 billion in 2017, at a CAGR of 13.77%. The market is driven by growth in demand for biopesticides and biofertilizers that are effective in controlling insect population and maintaining plant health respectively, which helps to reduce the toxicity risks to the environment and human health. Limited product availability is one of the major restraints in the growth of the agricultural biologicals market.



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Seed treatment segment is projected to boost the growth of agricultural biologicals from 2017 to 2022.
Based on mode of application, the seed treatment segment is projected to grow at the highest rate during the forecast period. The market for seed treatment is growing at the fastest rate as microbial seed treatments provide more targeted activity on specific pests and improve the efficiency of nutrient uptake in plants. Additionally, biocontrol seed treatments leave virtually no harmful residue and allow field re-entry almost immediately after application.

Biopesticides segment is estimated to be the largest market in 2017.
The biopesticides segment accounted for the majority share in the agricultural biologicals market. Globally, the research & development activities and product commercialization trends are more concentrated toward biopesticides and hence, it accounted for the largest share in the agricultural biologicals market.

North America is estimated to be the largest market in 2017.
North America is estimated to be the largest agricultural biologicals market, by region, in 2017. This can be attributed to the rapid adoption of modern agricultural technologies due to the ban on certain chemical formulations and to develop a sustainable approach to mitigate the environmental risks of pesticide use. The market in this region is also projected to grow at the highest CAGR from 2017 to 2022. It is driven by highly streamlined product registration process, which makes it easier for most private companies to launch their products easily.

The breakdown of the primaries on the basis of company type, designation, and region, conducted during the research study, is as follows:
• By Company Type: Tier 1 – 25%, Tier 2 – 34%, and Tier 3 – 41%
• By Designation: C-Level – 15%, Directors – 55%, and Others* – 30%
• By Region: Americas – 45%, Europe – 30%, Asia Pacific – 20%, and RoW – 5%
*Others include sales managers, marketing managers, and product managers.
Note: Tier 1: Revenue > USD 1 billion; Tier 2: Revenue USD 500 million to < USD 1 billion; Tier 3: Revenue < USD 500 million

The global market for agricultural biologicals is dominated by large players such as Bayer (Germany), Monsanto BioAG (US), BASF (Germany), Syngenta (Switzerland), and DowDuPont (US). Some of the emerging players in the agricultural biologicals market include Marrone Bio Innovations (US), Arysta LifeScience (US), Isagro (Italy), Valagro (Italy), Certis USA (US), Koppert (Netherlands), Biolchim (Italy), and Valent Biosciences (US).

Research Coverage
The report analyzes the agricultural biologicals market across different types and regions. It aims at estimating the market size, in terms of value, and future growth potential of this market across different segments such as type, source, application, mode of application, and region. Furthermore, the report also includes in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall agricultural biologicals market and the subsegments. This report will help stakeholders to better understand the competitor landscape, gain more insights to better position their businesses, and make suitable go-to-market strategies. The report will also help the stakeholders to understand the market and provide them information on key market drivers, restraints, challenges, and opportunities.

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