According to the "The Insight Partners" latest market study on "The global Agricultural Biological Market to 2027 - Analysis and Forecasts by Type (Biopesticides, Biostimulants, Biofertilizers), Source (Microbials, Biochemicals, Others), Application Mode (Foliar Sprays, Soil Treatment, Seed Treatment), Application (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others)". The global agricultural biological market is accounted to US$ 7,148.8 Mn in 2018 in 2018 and is expected to grow at a CAGR of 12.9% during the forecast period 2019 - 2027, to account to US$ 21,141.0 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Agricultural biological are increasingly being used as a replacement of synthetic or chemical plant protection products like chemical pesticides, fungicides or insecticides. Agricultural biological products like biopesticides, biostimulants, and biofertilizers serve as a natural product which lead to soil health development, plant’s disease control, enhancement of nutrient uptake, plant growth enhancement, and various others. The demand for agricultural biological products is growing over other synthetic products owing to its minimal costs, low environmental impacts, and a low risk of product resistance towards the pests.

The market for global agricultural biological is concentrated with some very well-established players. Some of the key players in the global agricultural biological market include 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. 

Based on the type segment, the biopesticides segment accounted for the largest share in the global agricultural biological market. Biopesticides are the extensively used agricultural biological products. They are used to control agricultural pests with the help of specific biological effects. These effects contains biocontrol agents including natural organisms or substances derived from animals, plants, bacteria, or minerals. Biopesticides cover a broad spectrum of potential products like microbial pesticides, plant-incorporated protectants, and biochemical pesticides. They are generally less toxic than the conventional type of pesticides and affects only the target pest.                      

The usage of nanotechnology in the agricultural sector has significantly increased and is expected to grow in the future.  Nanoparticles are used to improve soil fertility, soil nutrients, control growth of weeds, and protect plant crops. Nanobiopesticides are also being used by the agricultural farmers for the pest control and expected to increase in the future. Nanobiopesticides consist of nanoparticles of small engineered structures or active ingredients with important pesticidal properties. The health authorities ensure that these nanobiopesticides doesn’t contain any harmful substances that can harm human beings, plants, and environment. These factors would lead to rising in demand for nanobiopesticides in the agriculture industry.

The global agricultural biological market is bifurcated on the basis of source into microbial, biochemicals, and others. The microbials segment accounted for the largest share in the global agricultural biological market. Microbials are small bacterial and fungal organisms which can be categorized into fungi, bacteria, viruses, protozoa, etc. It improves the soil’s nutrient uptake, offering insect control for protection against diseases, and enhance yield. It helps in absorption of essential nutrients like nitrogen, potassium, phosphorus, and sulphur, and are widely known for solving fundamental agricultural problems such as plant health control, crop productivity, and soil’s health maintenance along with environmental concerns such as soil and water bioremediation from inorganic and organic contaminants.

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