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The global agricultural biologicals market is estimated to grow at a CAGR of 14.6% from 2014 to 2019. Although the mature markets (such as the U.S., Spain, and Italy) hold larger shares in the agricultural biologicals market, the European region is expected to grow at the fastest CAGR of 15.2% during the forecast period, 2014 to 2019. The growth of the agricultural biologicals market is driven by various factors, such as the increasing demand for organic products, rising world population, reduced chemical hazards, and easier residue management. Moreover, emerging economies such as India, China, and Japan are creating huge growth opportunities for the agricultural biologicals market in the Asia-Pacific region. However, factors such as barriers in adoption of biologicals and lack of awareness are restraining the growth of this market.
In this report, the global agricultural biologicals market has been broadly classified into three main types, namely biopesticides, biostimulants, and biofertilizers. The biopesticides market segment is estimated to grow at the fastest CAGR from 2014 to 2019, as compared to the other two types. Factors such as phasing out of the prevalence of highly toxic pesticides, improved awareness among farmers regarding the advantages of use of biopesticides, and the increased demand for organic farming are driving the growth of this market.
Geographically, Europe (comprising the France, Italy, and Spain) commanded the largest share of 31.1% of the global agricultural biologicals market in 2013, followed by North America. The agricultural biologicals market in Europe is primarily driven by factors including increasing demand for organic products; reduced chemical hazards; easier residue management; and improved results in yield, quality, and productivity. However, barriers in adoption of biologicals and stricter government regulations are restricting the growth of the agricultural biologicals market in this region. The Asia-Pacific region is estimated to grow at the second-fastest CAGR of 14.7% from 2014 to 2019. Factors such as large population base, rising awareness about organic farming and its advantages, and increasing efforts by government and private organizations to increase awareness are propelling the growth of the agricultural biologicals market in the Asia-Pacific region.
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The global agricultural biologicals market is a competitive market with a number of market players with niche technologies. As of 2014, the global agricultural biologicals market is dominated by BASF SE (Germany), Bayer CropScience (Germany), Marrone Bio Innovations, Inc. (U.S.), and Novozymes A/S (Denmark), among others. New product launches, partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most market players to achieve growth in the agricultural biologicals market.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis, market share analysis of top players, and company profiles. These levels together discuss the basic views on the competitive landscape, emerging and high-growth segments of the agricultural biologicals market, high-growth regions and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities in the market.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn is expected to help firms in garnering a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
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The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on agricultural biologicals offered by the top 10 players in the agricultural biologicals market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the agricultural biologicals market
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the agricultural biologicals market across major regions of the world
- Market Diversification: Exhaustive information about new products, untapped regional markets, recent developments, and investments in the agricultural biologicals market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the agricultural biologicals market
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