The global market for agricultural biological products was valued at approximately US$ 7,148.8 million in 2018 and is projected to expand at a compound annual growth rate (CAGR) of 12.9% from 2019 to 2027, ultimately reaching around US$ 21,141.0 million by the end of the forecast period.
Agricultural biologicals encompass a diverse array of materials, including plant extracts, insects, microorganisms, and other biological substances utilized by farmers to enhance crop health, increase yields, and manage pests. These products play a crucial role in improving nutrient availability, boosting the nutrient uptake capacity of plants, strengthening resistance to pests, managing residues, and overall enhancing crop productivity. Compared to synthetic crop protection products, agricultural biologicals are often more cost-effective and efficient.
The global agricultural biological market is segmented by type into three main categories: biopesticides, biostimulants, and biofertilizers. Among these, the biopesticides segment holds the largest market share. Biopesticides are extensively utilized in agriculture for pest control, leveraging specific biological mechanisms that include biocontrol agents derived from natural organisms or substances sourced from animals, plants, bacteria, or minerals. This category includes a wide range of products such as microbial pesticides, plant-incorporated protectants, and biochemical pesticides. The rising trend towards organic farming and the demand for agricultural products free from pesticide residues are expected to drive the increased adoption of biopesticides among farmers.
The shift towards natural products in place of synthetic alternatives is a significant factor propelling the growth of the agricultural biological market. These biological products serve as substitutes for conventional chemical plant protection solutions, including pesticides, fungicides, and insecticides. They contribute to soil health, control plant diseases, enhance nutrient uptake, and promote plant growth, among other benefits. The increasing demand for agricultural biological products can be attributed to their minimal environmental impact and lower production costs, which are anticipated to further stimulate market growth.
In the Asia Pacific region, the agricultural biological market is primarily led by China, with India following closely behind. The growing emphasis on organic farming and the need to maintain ecological balance are key drivers for the rising consumption of organic fertilizers in this region. Additionally, the adoption of advanced biological crop protection products, such as biochemicals, bioherbicides, and biopesticides, is significantly influencing market growth. Furthermore, as the costs of chemical fertilizers rise, farmers are increasingly turning to bio-based agricultural solutions, often supported by government initiatives. Consumers in the Asia-Pacific region are also becoming more aware of the benefits of bio-based food products for promoting a healthy lifestyle.
Key players in the global agricultural biological market include prominent companies such as BASF SE, Biolchim S.p.A., Certis U.S.A. LLC, DowDuPont Inc., Isagro S.p.A, Koppert Biological Systems, Marrone Bio Innovations, Inc., Syngenta, UPL, and Valent BioSciences LLC, among others.
The overall size of the global agricultural biological market has been determined through a combination of primary and secondary research methods. The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data related to the agricultural biological market. Additionally, numerous primary interviews are conducted with industry stakeholders and experts to validate the data and analysis. Participants in this research typically include industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the agricultural biological sector.