Abstract
Summary
The agricultural biologicals market is projected to grow at a CAGR of 13.7% from an estimated value of USD 14.7 billion in 2023 to reach USD 27.9 billion by 2028. The market for agriculture biologicals has been experiencing significant growth in recent years due to several factors. One of the key drivers is the increasing demand for sustainable agricultural practices and the need to reduce the use of synthetic chemicals in farming. Agriculture biologicals offer a more environmentally friendly alternative, as they are typically biodegradable and have minimal negative impact on ecosystems. Another factor contributing to the growth of the agriculture biologicals market is the rising awareness among farmers about the benefits of these products. They can improve crop yields, enhance nutrient uptake, stimulate plant growth, and provide natural protection against pests and diseases. Additionally, agriculture biologicals can help in improving soil health and promoting overall sustainable farming practices. The market for agriculture biologicals encompasses a wide range of products, including biopesticides, biofertilizers, biostimulants, and other microbial-based products. Biopesticides are used for pest and disease management, while biofertilizers help in enriching the soil with beneficial nutrients. Biostimulants, on the other hand, are used to enhance plant growth and development.
“Bionematicides market to grow at the highest rate during the forecast period.”
The bionematicides market is projected to experience the highest growth rate during the forecast period. Bionematicides are a type of biopesticide specifically formulated to control and manage nematode infestations in agriculture. Nematodes are microscopic worms that can cause significant damage to crops by feeding on plant roots, impairing nutrient uptake, and transmitting diseases. Several factors contribute to the anticipated growth of the bionematicides market. First and foremost, there is a growing concern regarding the environmental and health impacts of conventional chemical nematicides. These chemical-based solutions often persist in the soil, leading to water contamination and detrimental effects on non-target organisms.
“Biocontrols market to be the largest subcategory market among agricultural biologicals during the forecast period.”
The biocontrols market is projected to emerge as the largest subcategory market within the agriculture biologicals sector during the forecast period. Biocontrols refer to the use of beneficial living organisms or natural substances derived from them to manage pests, diseases, and weeds in agriculture. They offer an environmentally friendly and sustainable alternative to conventional chemical pesticides and herbicides. Furthermore, increasing regulatory restrictions on conventional pesticides are driving the adoption of biocontrols. Many countries are implementing stricter regulations and phasing out the use of certain chemical pesticides due to their negative environmental impacts. This regulatory environment creates a favorable market landscape for biocontrols to gain prominence and market share.
“In the biostimulants market, Europe is estimated to be the largest market in 2023.”
Several factors contribute to Europe's dominance in the biostimulant market. Firstly, Europe has a strong focus on sustainable agriculture and environmental stewardship. The region has witnessed a significant shift towards organic farming practices and the reduction of chemical inputs in agriculture. Biostimulants align well with these sustainable farming goals, as they offer a natural and eco-friendly approach to crop enhancement. Additionally, Europe has a favorable regulatory framework for biostimulants. The European Union (EU) has established specific regulations and guidelines for biostimulant products, ensuring their safety and efficacy. This regulatory clarity provides confidence to manufacturers and farmers, facilitating the development, registration, and commercialization of biostimulant products in the region.
The top trends in the agricultural biologicals market are segmented market-wise, with a detailed analysis of each market by studying the individual competitive landscapes.
Breakdown of the profile of primary participants is as follows:
By Company Type: Tier 1 – 60 %, Tier 2 – 20%, and Tier 3 – 20%
By Designation: CXOs – 50%, Managers – 30%, and Executives – 20%
By Region: Asia Pacific – 50%, Europe – 20%, North America – 20%, and RoW – 10%
Leading players profiled in this report
• BASF SE (Germany)
• Bayer AG (Germany)
• Syngenta AG (Switzerland)
• Novozymes (Denmark)
• UPL (India)
• Corteva Agriscience (US)
• FMC Corporation (US)
• Pro Farm Group Inc. (US)
• Lallemand Inc. (Canada)
• Vegalab SA (Switzerland)
• Valent BioSciences LLC (US)
• Koppert (Netherlands)
• Stockton bio-ag (Israel)
• IPL Biologicals Limited (India)
• Certis USA LLC (US)
• Gowan Company (US)
• Kan Biosys (India)
• Symborg (Spain)
• Rizobacter (Argentina)
• Biomax Naturals (Mumbai)
• Biobest Group NV (Belgium)
• AgriLife (India)
• Haifa Negev Technologies Ltd (Israel)
• Pivot Bio (California)
• Precision Laboratories LLC (US)
Research Coverage
This report segments the agricultural biologicals market on the basis of key trends. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the agricultural biologicals industry, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.
Reasons to buy this report
• To get a comprehensive overview of the agricultural biologicals market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions, in which the agricultural biologicals market is flourishing
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall top trends in agricultural biologicals market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Initiatives by government agencies and increasing awareness about the need for sustainability in modern agriculture), restraints (Technological and environmental constraints for the use of biologicals), opportunity (Advancements in microbial research across the globe), and challenges (Lack of awareness & low adoption rate of biologicals) influencing the growth of the top trends in agricultural biologicals market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the top trends in agricultural biologicals market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the top trends in agricultural biologicals market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the top trends in agricultural biologicals market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players Syngenta AG (Switzerland), UPL Limited (India), Nufarm (US), Corteva Agriscience (US), BASF SE (Germany), and Novozymes (Denmark) are among others in the top trends in agricultural biologicals market strategies.
Table of Contents
1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 COMPETITIVE INTELLIGENCE 29
1.3 MARKET DEFINITION 29
1.4 YEARS CONSIDERED 30
1.5 CURRENCY CONSIDERED 31
1.6 STAKEHOLDERS 31
1.7 SUMMARY OF CHANGES 32
1.8 RECESSION IMPACT ANALYSIS 32
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
2.1.1 SECONDARY DATA 34
- 2.1.1.1 Key data from secondary sources 34
2.1.2 PRIMARY DATA 35
- 2.1.2.1 Breakdown of primaries 35
- 2.1.2.2 Key primary insights 36
2.2 MARKET SIZE ESTIMATION 36
2.2.1 APPROACH ONE: BOTTOM-UP APPROACH 37
2.2.2 APPROACH TWO: TOP-DOWN APPROACH (BASED ON GLOBAL MARKET) 37
2.3 DATA TRIANGULATION 38
2.4 STUDY ASSUMPTIONS 39
2.5 STUDY LIMITATIONS AND RISK ASSESSMENT 40
2.6 RECESSION IMPACT ANALYSIS 40
2.6.1 MACROINDICATORS OF RECESSION 40
3 EXECUTIVE SUMMARY 43
4 PREMIUM INSIGHTS 46
4.1 OPPORTUNITIES FOR KEY PLAYERS OPERATING IN MARKET 46
4.2 AGRICULTURAL BIOLOGICALS MARKET, BY FUNCTION 46
4.3 NORTH AMERICA: AGRICULTURAL BIOLOGICALS MARKET
4.4 AGRICULTURAL BIOLOGICALS MARKET, BY FUNCTION AND REGION 47
5 MARKET OVERVIEW 48
5.1 INTRODUCTION 48
5.2 MACROECONOMIC INDICATORS 48
5.2.1 INTRODUCTION 48
5.2.2 INCREASE IN ORGANIC AGRICULTURAL FARM AREAS 49
5.2.3 GROWING DEMAND FROM ORGANIC FOOD INDUSTRY 49
5.2.4 HIGH COSTS ASSOCIATED WITH DEVELOPMENT OF SYNTHETIC CROP PROTECTION PRODUCTS 50
5.2.5 CLIMATE CHANGE AND INCREASE IN ABIOTIC STRESSES ON PLANTS 51
5.3 MARKET DYNAMICS 52
5.3.1 DRIVERS 53
- 5.3.1.1 Initiatives by government agencies and increasing awareness of sustainability in modern agriculture 53
- 5.3.1.2 Regulatory pressures and harmful effects associated with synthetic plant protection products 53
- 5.3.1.3 Growing preference for organic products 54
- 5.3.1.4 Limited entry barriers resulting in entry of several players 55
- 5.3.1.5 Hazards of using chemical fertilizers 55
- 5.3.1.6 Strong demand for high-value cash crops 56
- 5.3.1.7 Crop losses due to pest attacks 56
5.3.2 RESTRAINTS 57
- 5.3.2.1 Technological and environmental constraints in use of biologicals 57
- 5.3.2.2 Poor infrastructure & high initial investment 58
- 5.3.2.3 Commercialization of low-quality biological products 58
- 5.3.2.4 Short shelf-life of biopesticides 58
5.3.3 OPPORTUNITIES 59
- 5.3.3.1 Advancements in microbial research 59
- 5.3.3.2 New target markets: Asia Pacific & Africa 59
- 5.3.3.3 Need for development of broad-spectrum formulations in agricultural biologicals 60
- 5.3.3.4 Rapid growth in biocontrol seed treatment solutions 61
5.3.4 CHALLENGES 61
- 5.3.4.1 Lack of awareness & low adoption rate of biologicals 61
- 5.3.4.2 Supply of counterfeit and less-effective products 62
- 5.3.4.3 Prevalence of uncertainty on regulatory framework of agricultural biologicals 62
- 5.3.4.4 High preference for agrochemicals among farmers 62
5.4 PATENT ANALYSIS 63
5.4.1 PATENT ANALYSIS FOR BIOFERTILIZERS MARKET 63
5.4.2 PATENT ANALYSIS FOR BIOPESTICIDES MARKET 65
5.5 PATENT ANALYSIS FOR BIOSTIMULANTS 68
5.6 REGULATORY FRAMEWORK 70
5.6.1 REGULATORY FRAMEWORK FOR BIOPESTICIDES 70
- 5.6.1.1 US 70
- 5.6.1.1.1 Main statutes and legal requirements 70
- 5.6.1.1.1.1 Federal insecticide, fungicide, and rodenticide act (FIFRA) 71
- 5.6.1.1.1.2 Federal food, drug, and cosmetic act (FFDCA) and the food quality protection act (FQPA) 71
- 5.6.1.1.1.3 Pesticide registration improvement extension act (PRIA 3), 2012 71
- 5.6.1.1.1.4 Biopesticide registration 72
- 5.6.1.1.1 Main statutes and legal requirements 70
- 5.6.1.1 US 70
5.6.2 EUROPE 72
- 5.6.2.1 European union 72
- 5.6.2.1.1 Regulation (EC) no. 1107/2009 of European Parliament and of Council of 21 October 2009 73
- 5.6.2.1.1.1 Scope 73
- 5.6.2.1.1.2 Active substances: requirements and
- 5.6.2.1.2 First Approval 75
- 5.6.2.1.1 Regulation (EC) no. 1107/2009 of European Parliament and of Council of 21 October 2009 73
- 5.6.2.2 Russia 75
- 5.6.2.1 European union 72
5.6.3 ASIA PACIFIC 75
- 5.6.3.1 India 75
- 5.6.3.2 China 75
5.6.4 BRAZIL 76
5.6.5 REGULATORY FRAMEWORK FOR BIOSTIMULANTS 76
- 5.6.5.1 Austria 76
- 5.6.5.2 France 76
- 5.6.5.3 Germany 76
- 5.6.5.4 Italy 77
- 5.6.5.5 Ireland 77
- 5.6.5.6 Spain 77
- 5.6.5.7 UK 77
5.6.6 REGULATORY FRAMEWORK FOR BIOFERTILIZERS 77
- 5.6.6.1 North America 77
- 5.6.6.1.1 Canada 78
- 5.6.6.2 Europe 78
- 5.6.6.2.1 Spain 78
- 5.6.6.2.2 Italy 78
- 5.6.6.3 Asia Pacific 78
- 5.6.6.3.1 India 78
- 5.6.6.3.2 China 79
- 5.6.6.3.3 Taiwan 79
- 5.6.6.3.4 Thailand 79
- 5.6.6.3.5 Australia 79
- 5.6.6.3.6 Vietnam 79
- 5.6.6.3.7 Philippines 80
- 5.6.6.3.8 Bhutan 80
- 5.6.6.4 South America 80
- 5.6.6.4.1 Brazil 80
- 5.6.6.5 RoW 80
- 5.6.6.1 North America 77
5.7 SUPPLY CHAIN ANALYSIS 81
5.8 VALUE CHAIN ANALYSIS 82
5.8.1 RESEARCH & PRODUCT DEVELOPMENT 83
5.8.2 MANUFACTURING 83
5.8.3 DISTRIBUTION 83
5.8.4 MARKETING AND SALES 83
5.8.5 POST-SALES SERVICES 83
6 AGRICULTURAL BIOLOGICALS 84
6.1 OVERVIEW 84
6.2 COMPETITIVE LANDSCAPE 84
6.2.1 INTRODUCTION 84
6.3 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 87
6.3.1 STARS 87
6.3.2 EMERGING LEADERS 87
6.3.3 PERVASIVE PLAYERS 87
6.3.4 PARTICIPANTS 87
6.4 PRODUCT FOOTPRINT 89
6.4.1 COMPETITIVE SCENARIO & TRENDS 93
- 6.4.1.1 Product launches & developments 93
- 6.4.1.2 Deals (Mergers, Agreements, Partnerships, Collaborations & Acquisitions) 97
- 6.4.1.3 Others (Expansions & Investments) 111
6.4.2 COMPANY MARKET SHARE ANALYSIS 114
6.5 REGIONAL MARKET ANALYSIS 115
7 BIOCONTROLS 116
7.1 OVERVIEW 116
7.2 COMPETITIVE LANDSCAPE 116
7.2.1 INTRODUCTION 116
7.3 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 118
7.3.1 STARS 119
7.3.2 EMERGING LEADERS 119
7.3.3 PERVASIVE PLAYERS 119
7.3.4 PARTICIPANTS 119
7.4 PRODUCT FOOTPRINT 121
7.4.1 COMPETITIVE SCENARIO & TRENDS 125
- 7.4.1.1 Product launches & developments 125
- 7.4.1.2 Deals (Mergers, Agreements, Partnerships, Collaborations & Acquisitions) 129
- 7.4.1.3 Others (Expansions & Investments) 142
7.4.2 COMPANY RANKING ANALYSIS 144
7.5 REGIONAL MARKET ANALYSIS 144
8 BIOFERTILIZERS 146
8.1 OVERVIEW 146
8.2 COMPETITIVE LANDSCAPE 147
8.2.1 INTRODUCTION 147
8.3 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 149
8.3.1 STARS 149
8.3.2 EMERGING LEADERS 149
8.3.3 PERVASIVE PLAYERS 149
8.3.4 PARTICIPANTS 149
8.3.5 PRODUCT FOOTPRINT 151
8.3.6 COMPETITIVE SCENARIO & TRENDS 156
- 8.3.6.1 Product launches & developments 156
- 8.3.6.2 Deals (Mergers, Agreements, Partnerships, Collaborations & Acquisitions) 157
- 8.3.6.3 Others (Expansions & Investments) 162
8.3.7 COMPANY RANKING ANALYSIS 164
8.4 REGIONAL MARKET ANALYSIS 164
9 BIOSTIMULANTS 166
9.1 OVERVIEW 166
9.2 COMPETITIVE LANDSCAPE 166
9.2.1 INTRODUCTION 166
9.2.2 KEY PLAYER EVALUATION QUADRANT (KEY PLAYERS) 168
- 9.2.2.1 Stars 168
- 9.2.2.2 Emerging Leaders 168
- 9.2.2.3 Pervasive Players 168
- 9.2.2.4 Participants 169
9.3 PRODUCT FOOTPRINT 170
9.3.1 COMPETITIVE SCENARIO & TRENDS 173
- 9.3.1.1 Deals (Agreements, Mergers & Acquisitions, Partnerships & Collaborations) 173
- 9.3.1.2 Product launches, product approvals & registrations 178
- 9.3.1.3 Others (Expansion & Investments) 181
9.4 MARKET SHARE ANALYSIS 182
9.5 REGIONAL MARKET ANALYSIS 183
10 BIOINSECTICIDES 184
10.1 OVERVIEW 184
10.2 COMPETITIVE LANDSCAPE 184
10.2.1 INTRODUCTION 184
10.3 COMPETITIVE LEADERSHIP MAPPING 186
10.3.1 VISIONARY LEADERS 186
10.3.2 INNOVATORS 186
10.3.3 DYNAMIC DIFFERENTIATORS 186
10.3.4 EMERGING COMPANIES 187
10.3.5 COMPETITIVE SCENARIO & TRENDS 188
- 10.3.5.1 Deals (Agreements, Mergers & Acquisitions, Partnerships & Collaborations) 188
- 10.3.5.2 Others (Expansions & Investments) 191
- 10.3.5.3 Product developments & registrations 192
10.4 COMPANY RANKING ANALYSIS, 2022 194
10.5 REGIONAL MARKET ANALYSIS 194
11 BIOFUNGICIDES 196
11.1 OVERVIEW 196
11.2 COMPETITIVE LANDSCAPE 196
11.2.1 INTRODUCTION 196
11.3 COMPETITIVE LEADERSHIP MAPPING 199
11.3.1 VISIONARY LEADERS 199
11.3.2 INNOVATORS 199
11.3.3 DYNAMIC DIFFERENTIATORS 199
11.3.4 EMERGING COMPANIES 199
11.3.5 COMPETITIVE LANDSCAPE 200
- 11.3.5.1 Deals (Agreements, Mergers & Acquisitions, Partnerships & Collaborations) 201
- 11.3.5.2 Product launches, product approvals & registrations 206
- 11.3.5.3 Others (Expansions & Investments) 208
11.3.6 COMPANY RANKING ANALYSIS 209
11.4 REGIONAL MARKET ANALYSIS 210
12 BIONEMATICIDES 211
12.1 OVERVIEW 211
12.2 COMPETITIVE LANDSCAPE 211
12.2.1 INTRODUCTION 211
12.2.2 COMPETITIVE SCENARIO & TRENDS 211
12.2.3 PRODUCT LAUNCHES, PRODUCT APPROVALS & REGISTRATIONS 213
12.2.4 DEALS (MERGERS, AGREEMENTS, PARTNERSHIPS, COLLABORATIONS & ACQUISITIONS) 214
12.2.5 OTHERS (EXPANSIONS & INVESTMENTS) 218
12.2.6 COMPANY RANKING ANALYSIS, 2022 220
12.3 REGIONAL MARKET ANALYSIS 220
13 BIOLOGICAL SEED TREATMENT 222
13.1 OVERVIEW 222
13.2 COMPETITIVE LANDSCAPE 222
13.2.1 INTRODUCTION 222
13.3 COMPANY EVALUATION QUADRANT 225
13.3.1 STARS 225
13.3.2 EMERGING LEADERS 225
13.3.3 PERVASIVE PLAYERS 225
13.3.4 PARTICIPANTS 225
13.4 PRODUCT FOOTPRINT 227
13.4.1 COMPETITIVE SCENARIO & TRENDS 231
- 13.4.1.1 Product launches, product approvals & registrations 231
13.4.2 DEALS 232
13.4.3 OTHERS 237
13.4.4 COMPANY RANKING ANALYSIS 239
13.5 REGIONAL MARKET ANALYSIS 239
14 AGRICULTURAL INOCULANTS 241
14.1 OVERVIEW 241
14.2 STRATEGIES ADOPTED BY KEY PLAYERS 241
14.3 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 243
14.3.1 STARS 243
14.3.2 EMERGING LEADERS 243
14.3.3 PERVASIVE PLAYERS 243
14.3.4 PARTICIPANTS 243
14.4 PRODUCT FOOTPRINT 245
14.5 MARKET SHARE ANALYSIS 249
14.5.1 COMPETITIVE SCENARIO & TRENDS 250
- 14.5.1.1 Product launches, product approvals & registrations 250
14.5.2 DEALS (MERGERS, AGREEMENTS, PARTNERSHIPS, COLLABORATIONS & ACQUISITIONS) 252
14.5.3 OTHERS 254
14.6 REGIONAL MARKET ANALYSIS 255
15 AGRICULTURAL PHEROMONES 256
15.1 OVERVIEW 256
15.2 COMPETITIVE LANDSCAPE 256
15.2.1 INTRODUCTION 256
15.3 COMPANY EVALUATION QUADRANT 259
15.3.1 STARS 259
15.3.2 EMERGING LEADERS 259
15.3.3 PERVASIVE PLAYERS 259
15.3.4 PARTICIPANTS 259
15.3.5 PRODUCT FOOTPRINT 261
15.3.6 COMPETITIVE SCENARIO & TRENDS 264
- 15.3.6.1 Product launches, product approvals & registrations 264
- 15.3.6.2 Deals (Mergers, Agreements, Partnerships, Collaborations & Acquisitions) 267
- 15.3.6.3 Others (Expansions & Investments) 271
15.3.7 COMPANY RANKING ANALYSIS 272
15.4 REGIONAL MARKET ANALYSIS 273
16 COMPANY PROFILES 274
16.1 KEY PLAYERS 274
16.1.1 BASF SE 274
16.1.2 BAYER AG 281
16.1.3 SYNGENTA AG 286
16.1.4 NOVOZYMES 292
16.1.5 UPL 297
16.1.6 CORTEVA AGRISCIENCE 301
16.1.7 FMC CORPORATION 306
16.1.8 PRO FARM GROUP INC 310
16.1.9 LALLEMAND INC 313
16.1.10 VEGALAB SA 316
16.1.11 VALENT BIOSCIENCES LLC 319
16.1.12 KOPPERT 322
16.1.13 STOCKTON BIO-AG 326
16.1.14 IPL BIOLOGICALS LIMITED 328
16.1.15 CERTIS USA LLC 330
16.1.16 GOWAN COMPANY 332
16.1.17 KAN BIOSYS 334
16.1.18 SYMBORG 336
16.1.19 RIZOBACTER 339
16.1.20 BIOMAX NATURALS 342
16.1.21 BIOBEST GROUP NV 343
16.1.22 AGRILIFE 348
16.1.23 HAIFA NEGEV TECHNOLOGIES LTD 350
16.1.24 PIVOT BIO 352
16.1.25 PRECISION LABORATORIES LLC 353
17 APPENDIX 354
17.1 DISCUSSION GUIDE 354
17.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 358
17.3 CUSTOMIZATION OPTIONS 360
17.4 RELATED REPORTS 360
17.5 AUTHOR DETAILS 361
2022 (KEY PLAYERS) 120