Sarasota, FL -- (SBWire) -- 02/22/2019 --Global Agricultural Biological Market: Overview
Biological agriculture is a procedure of eco-friendly farming without the use of chemical pesticides and fertilizers to grow healthy and nutritious food. It makes use of topical or seed treatment products formed of natural materials. The main purpose behind is majorly to reduce or replace chemicals used in agriculture farming sector. More specifically, it can be defined as a production system based on crop rotation and recycling of animal manure, green manure, and crop residues. Biological agriculture instead of chemical relies on organic materials such as plant extracts and naturally occurring microorganisms. Opting this technique not only improves crop productivity but also enormously, benefits crop health. It is an economically and ecologically sustainable agricultural production process that promotes the use of safe products for crop treatment. This is achieved by minimizing environmentally harmful consequences and using non-renewable natural resources.
Global Agricultural Biological Market: Growth Factors
The major growth factors driving the global agriculture biological market include increasing demand for organic products, improving productivity and yield, rising costs of pesticides and fertilizers, and increasing global population. Moreover, increasing demand for organic foods, abbreviated chemical hazards, and a favorable regulatory framework are drivers to boost the growth of the market. Government regulations supporting the use of bio-based products for agriculture and higher necessity of agriculture sustainability is expected to significantly accelerate market growth further during the forecast period. However, few factors such as lack of awareness, limited product availability, and low efficiency of biological materials are expected to hamper the market growth. Rapid growth in the use of microbial seed treatment products creates a significant opportunity for the market players. Poor agricultural practices & supply chain infrastructure and low adoption rate of agricultural biological are some of the major challenges faced by the market players.
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Global Agricultural Biological Market: Segmentation
The global agriculture biological market is segmented on the basis of source, mode of application, type, application, and region. In terms of source, the market is segregated into microbial, biochemical, and others. Based on the mode of application, the market is fragmented into foliar sprays, soil treatment, and seed treatment. In terms of type, the market is bifurcated into bio-pesticides, bio-stimulants, and bio-fertilizers. Furthermore, based on application, the market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and others.
Global Agricultural Biological Market: Regional Analysis
Europe and North America held the largest market share for the agricultural biological market. Moreover, Europe is expected to be the fastest growing market during the forecast period owing to regulations supporting the use of bio-based products. Furthermore, adoption of modern technology for agriculture and demand for organic products are driving the market growth during the forecast period. In addition, awareness about agrochemical-based environmental hazards and the need to preserve the soil quality further boost the market growth. North America market is primly lead due to the U.S., and expected to grow significantly because of increasing demand for organic farm production and stringent regulations against the use of chemical fertilizers. Additionally, the ban on cosmetic fertilizers, particularly in Canada, is anticipated to enhance the market growth. The Asia Pacific is expected to experience significant growth of the market during the forecast period owing to needs of the growing population and government initiatives to promote a better environment. However, lack of knowledge among farmers regarding the benefits of bio-based agricultural products is a factor hindering the market growth in this region. Additionally, the low cost of chemical fertilizers as compared to bio-fertilizers is likely to further restrain the market growth.
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Global Agricultural Biological Market: Competitive Players
Some of the important key players in the global agriculture market are Bayer Cropscience AG, Syngenta, Monsanto BioAG (US), BASF, Valent Biosciences Corporation, Marrone Bio Innovation Inc., Novozymes, and Marrone Bio Innovation Inc., among others.
Global Agricultural Biological Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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Agricultural Biological Market: Rise in Sustainability Around the World, 2017–2024
The major growth factors driving the global agriculture biological market include increasing demand for organic products, improving productivity and yield, rising costs of pesticides and fertilizers, and increasing global population. Moreover, increasing demand for organic foods, abbreviated chemical hazards, and a favorable regulatory framework are drivers to boost the growth of the market.