According to IMARC Group’s latest report, “Agrobiology Market Report: Industry Trends, Participation, Size, Growth, Opportunities and Forecast 2022-2027”, the global agrobiology market has reached a value of US$10.8 billion in 2021. Looking ahead, IMARC Group expects The market will reach $24.8 billion by 2027, with a compound annual growth rate of 15.2% over the period 2022-2027.
We regularly track the direct impact of COVID-19 in the market, along with the indirect influence of related industries. These notes will be incorporated into the report.
Agricultural biological products are crop production and protection products obtained from natural sources, such as living organisms, plant extracts, insects, and organic matter. They are applied to the soil to protect plants and crops from weeds, pests and diseases and to improve their yield, nutrient absorption and overall health. They also help manage residues and resistance, maintain mineral and microbial balance, increase carbon levels, and improve the soil’s water-holding capacity. Nowadays, farmers around the world are embracing agrobiology as an eco-friendly alternative to synthetic and chemical fertilizers to grow healthy crops.
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Due to the growing world population, scarcity of arable land, and growing food insecurity, there is a simultaneous increase in the demand for agricultural biological products. Furthermore, the emerging trend of chemical-free and organic foods is driving sales of agro-biological materials worldwide. Furthermore, the governing agencies in many countries, along with non-profit organizations, encourage the adoption of modern agricultural practices and focus on educating farmers about the health and environmental impact of synthetic or chemical fertilizers. This, in conjunction with increased investments by several major players in research and development (R&D) activities, is expected to drive the market further.
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List of Major Companies Covered in this Market Report:
- Agri Life
- Agrinos Inc.
- Arysta LifeScience (UPL Limited)
- BASF SE
- Bayer AG
- Isagro (PI Industries)
- Maroon Bio Innovations Company
- Novozymes A/S.
- Syngenta AG
- The Dow Chemical Company
- Valent USA LLC (Sumitomo Chemical Company Limited)
The report has segmented the market by type, source, method of application, application, and geography.
Segmentation by type:
- bio fertilizer
Breakdown by source:
Segmentation by method of application:
- paper spray
- soil treatment
- seed processing
- post harvest
Segmentation by application:
- Cereals and grains
- Oilseeds and legumes
- Fruits and vegetables
- Grass and ornamental plants
Breakdown by geography:
- North America (US and Canada)
- Europe (Germany, UK, France, Italy, Spain, Russia and other countries)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, etc.)
- Latin America (Brazil and Mexico)
- Middle East and Africa
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