Agricultural Biology Market Size Worth USD 31.99 billion 2027| A CAGR of 14.8%

Market Overview: The global Agricultural Biology Market is predicted to experience a Compound Annual Growth Rate (CAGR) of 14.8%, advancing from USD 10.53 billion in 2019 to reach USD 31.99 billion by 2027. This growth is propelled by factors such as the rapid increase in the global population, heightened demand for ample crop supply, a focus on protecting crops to mitigate losses, enhanced crop yields, elevated consumer demand for sustainably produced food, and addressing challenges posed by climate change and global pandemics.

Agricultural chemical manufacturers worldwide are directing their efforts towards incorporating integrated pest management, patented solutions that enhance productivity at reduced cost, precision farming, and immediate support for farmers. These strategies aim to decrease crop wastage, optimize chemical usage, target marketing more accurately, and ultimately foster sustainable agricultural practices. Global companies also engage in strategic initiatives such as acquisitions and partnerships to broaden their product portfolios, expand geographic presence, adopt digital technologies for improved firm-farmer engagement, and invest in research and development to introduce cutting-edge technological solutions.

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The future potential of the market lies in areas such as indoor farming, waste recycling, genome editing of crops for added value, boosting seed protein efficiency, augmenting production of pollinator-friendly Agricultural Biology, and employing digital analytics to enhance the effectiveness and control of Agricultural Biology. Embracing these opportunities can significantly boost profitability and expand consumer bases for companies operating in this market.

Type Outlook: Cereals and grains, cultivated across various countries, are expected to drive the agricultural enzyme industry. Fertilizing enzymes and fungicides are pivotal in cereal production, enhancing quality and preventing crop diseases. Agricultural Biology applied to cereals and grains can extract bran and germs from the crops.

Growing concerns about the use of chemicals in agriculture have led to a shift in consumer preferences towards organic fruits and vegetables. Pesticides used in crop production can harm living organisms and contribute to environmental deterioration. Government regulations regulating pesticide sales and usage aim to positively impact the agricultural industry.

Healthy foods like apples, bananas, and strawberries offer medicinal benefits such as immune enhancement, cancer prevention, and inflammation reduction. These factors are anticipated to drive the agricultural chemical enzymes market over the forecast period. The Oilseed and Pulses segment is projected to witness production growth due to the rising demand for biofuels and vegetable oils. Consumption of oilseeds like palm kernel, rapeseed, and cotton seeds is also expected to drive segment growth.

Application Outlook: Farmers worldwide face crop losses due to rodents and pests. Control products play a crucial role in mitigating this damage by hindering pest growth and movement in fields. Shrinking arable land has placed strain on global crop production.

Agricultural Biology for crop control improves crop production, reduces pest-related losses, and eliminates harmful microorganisms like soil-borne and pathogenic fungi. This control process stabilizes soil structure and enhances water absorption.

Regional Outlook: In 2019, North America accounted for around USD 3.32 billion, projecting itself as a key revenue-generating region in the market. A substantial share of this region's value originates from the United States. Early technology adoption, awareness about bio-based food products, and super-nutritious edibles contribute to this position. European nations like France and Germany stand out as dominant players. The Asia Pacific region boasts a larger consumer base due to increased spending on food and beverages, including luxury items.

Market Insights: The food and beverage industry is a leading and rapidly growing consumer sector worldwide. Agricultural Biology, a primary material in producing Fast Moving Consumer Goods (FMCG), is projected to experience high demand to meet the growing needs of the global food, beverage, and animal feed industries. Increased awareness of health and hygiene, reliance on bio-pesticide products, and escalating demand for pure bio-based chemical usage in edible products are driving market demand.

The rise in organic farming and increased demand for organic food significantly contribute to the growing interest in agricultural chemicals. Additionally, the pursuit of higher production yields within limited spaces fuels the development of the global agricultural chemicals market. Precision farming is gaining traction among farmers seeking optimal production with limited resources. Changing weather patterns due to global warming necessitate advanced technologies to enhance productivity and crop yields.

Companies Profiled in the Market Study: Key market players include Syngenta AG, Bayer AG, BASF SE, Dow AgroSciences LLC, FMC Corporation, ADAMA Ltd., Nufarm, Sumitomo Chemical Co., Ltd., UPL Limited, and Corteva, Inc., among others. These players have implemented various strategies between 2017 and 2020, such as introducing innovative technologies and expanding product portfolios.

Startup Impact: Emerging startups with innovative products, formulations, insights, or agricultural techniques are entering the market, contributing to growth opportunities. One such startup is ULink AgriTech, an Indian company that developed the AgroStar app, aiding farmers in increasing productivity through real-time solutions for pest management and agricultural chemicals. Collaborations with agrochemical companies sustain productivity.

Segments Covered in the Report: This report forecasts revenue growth globally, regionally, and by country, analyzing market trends in sub-segments from 2017 to 2027. The report covers:

Type Outlook (Revenue, USD Billion; 2017-2027)

  • Fertilizers
  • Pesticides
  • Insecticides
  • Germicides
  • Fungicides

Crop Type Outlook (Revenue, USD Billion; 2017-2027)

  • Cereals and Grains
  • Oilseeds and Pulses
  • Fruits and Vegetables
  • Turf and Ornamentals
  • Others

Mode of Application Outlook (Revenue, USD Billion; 2017-2027)

  • Foliar Spray
  • Soil Treatment
  • Seed Treatment

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Crop Fertility
  • Crop Growth Enhancer
  • Crop Control & Protection
  • Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America (U.S)
  • Europe (U.K, France)
  • Asia Pacific (China, India, Japan)
  • MEA
  • Latin America (Brazil)

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