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Mar 25, 2022
10 Facts About Agricultural Biologicals Market in 2022
Most crop protection companies, regardless of market share, are engaged in the agricultural biologicals market in addition to the numerous specialized biologicals companies operating in the market. The rate of innovation for agricultural biologicals has long exceeded that for conventional crop protection in terms of new products being introduced to the market. Governments wish to promote their use through their policies as well.
In short, agricultural biologicals are a major part of any effective farm-to-fork business strategy.
Agribusiness has identified 10 key agricultural biologicals market facts in 2022, shared in the infographic below.
Download the infographic here.
10 facts about the agricultural biologicals market in 2022
- The Biological Control Agent (BCA) market is estimated to be worth around $3bn and growing at a rate of 7% per annum.
- It comprises around 1000 Als distributed between 4 sectors: microbials, plant extracts, semiochemicals, and macrobials.
- Of the 4 sectors, microbials is by far the largest accounting for around 60% of the estimated $3billion market.
- Europe and North America each account for 30% of the BCA market.
- Asia and Latin America account for 20% and 16%, respectively.
- Over 500 companies are involved in the agricultural biologicals market, range from diversified companies, agricultural input companies, and specialist biologicals companies.
- The market is attracting investors with large amount of venture capital is flowing into the sector.
- The agricultural biologicals market is highly competitive, with relatively low barriers to entry compared to those for conventional crop protection.
- For the leading biological agricultural products, there are multiple suppliers and brands.
- We forecast the BCA market to reach $6bn by 2030.
Download the sample data of our Biological Control Agents Strategic Report 2022 that covers the BCA sector, containing reliable, objective, validated market data and insights based on proprietary databases and inputs from industry leaders.
This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.
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