The agricultural biologicals market size is estimated to account for a value of USD 8.8 billion in 2019 and is projected to grow at a CAGR of 13.6% to reach a value of USD 18.9 billion by 2025. The increase in preference for organic food products across the globe has led to a surge in demand for bio-based crop protection methods, which has contributed to the growth of the agricultural biologicals market. The shift toward sustainable agriculture has also, lead to an increase in the use of agricultural biologicals globally.

The agricultural biologicals market witnessed significant growth due to factors, such as the ban of chemical-based products by the government, increasing exports of organic food products, and degrading soil and water quality due to the continuous usage of chemical pesticides. Key players in this market include BASF SE (Germany), Syngenta (Switzerland), Marrione Bio Innovation (US), Isagro (Italy), UPL (India), Evogene (Israel), Bayer (Germany), Vegalab (US), Valent (US), Stockton (Israel), Biolchim (Italy), Rizobacter (Argentina), Valagro (Italy), Koppert Biological Systems (Netherlands), Lallemand (Canada), Symborg (Spain), Andermatt Biocontrol (Switzerland), Seipasa (Spain), and Verdasien Life Sciences (US). These major players are focusing on undertaking acquisitions and mergers to improve their presence in the agricultural biologicals market. They are focusing on introducing new and advanced technology solutions for biologicals.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=100393324

BASF SE provides biological solutions for crop protection. The company operates through five major business segments, namely, functional materials & solutions, chemicals, performance products, agricultural solutions, and other. It provides agricultural biologicals through its agricultural solutions business. Under the agricultural solutions segment, the company has a comprehensive product portfolio for crop protection & seed, turf & ornamentals, and urban & rural pest control. The crop protection segment offers various biological solutions to control pests, fungi, and insects. These biological solutions include biofungicides, biopesticides, bioinsecticides, and pheromones. In August 2018, BASF SE acquired a wide range of businesses and assets from Bayer CropScience (Germany), which complements its crop protection, biotech, and digital farming activities.

Isagro is primarily involved in the manufacturing and marketing of agricultural products, such as agro pharmaceutical and biosolutions. It operates in two major segments, namely, crop protection products, and other products. These products range from fungicides, insecticides, biostimulants, pheromones, and fumigants. Due to the investment of USD 13.1 million in R&D activities for crop protection products, the company has a range of new biological products that would be launched at their scheduled dates. The company also focuses on strengthening its position in the market by expanding its distribution channels through partnerships with other global players.

Syngenta Crop Protection AG is among the leading players in agribusiness, which operates in the crop protection, seeds, controls, and flower markets. It offers agricultural biologicals through its crop protection segment. Through its crop protection segment, the company offers its solutions for selective herbicides, non-selective herbicides, fungicides, insecticides, seed care, controls, and other crop protection products. The crop protection business of the company witnessed significant improvements in sales due to the recovery and growth in the Brazilian market and new product launches in the EMEA and the US. In May 2019, Syngenta launched its first bioinsecticide, Costar, which would be mainly sold in Portugal. The formulation is based on the strain of Bacillus and can be used in over 50 crops in the European countries. This would help the company in increasing its global footprint.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441