Technavio Announces the Publication of its Research Report Global Agricultural Biologicals Market 2016-2020
Technavio recognizes the following companies as the key players in the global agricultural biologicals market: BASF SE, Bayer CropScience AG, Isagro SPA, and Novozymes A/S.
Other Prominent Vendors in the market are: Agrinos AS, Camson, Certis USA, Koppert B.V., Marrone Bio Innovations, T.Stanes & Company Limited, and Valent BioSciences.
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Commenting on the report, an analyst from Technavios team said: Advent of liquid biofertilizers will be a key trend for market growth. One of the major innovations in agricultural biologicals market is the introduction of liquid biofertilizers. Liquid biofertilizers are special liquid formulations containing not only the desired microorganisms and their nutrients but also special cell protectants or chemicals. This promotes the formation of resting spores or cysts that help the biofertilizer attain a longer shelf life and tolerance to adverse conditions. Carrier-based biofertilizers, which are solid, have a shelf life of only six months. These biofertilizers are not tolerant to UV rays and temperatures of over 300?.
According to the report, one of the key drivers for market growth will be the rising adoption of agricultural biologicals in soil fertility management practices. Over the past decade, soil fertility management practices have gained importance, mainly because of an increase in the demand for food and loss of arable land. It mandates the maximum use of available resources, necessitating the use of agricultural biologicals, especially biofertilizers. Presently, almost all the soil management strategies are primarily dependent on inorganic or chemical fertilizers, which already pose a danger to the human health as well as to the environment. The use of beneficial microbes as biofertilizers have resulted in being of supreme importance to offer food safety and a sustainable crop production practice in the agricultural industry.
Further, the report states that the rising demand for agricultural products, due to an increase in global population, is pressurizing farmers across the world to improve productivity. The availability of limited arable land and climate change further add to the challenge. There is a reduction in soil quality in many countries, and the use of an adequate quantity of pesticides and fertilizers helps farmers increase the productivity by 3-4 times. The increase in crop acreage and the need to augment crop growth is encouraging many farmers to use chemical or inorganic pesticides and fertilizers that can be instantly absorbed by the plants and provide immediate results. Additionally, small-scale farmers are buying chemical or inorganic inputs that reduce their dependency on climatic conditions, and increase yield by timely application of pesticides and fertilizers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Agricultural Biologicals
Agricultural biologicals are crop protection inputs in agricultural practices, which are organic and ecological in nature. They prevent the use of synthetic and chemical fertilizers like biocides, genetic modifications, and other chemical fertilizers, which subsequently helps protect the environment. Biological sources like microbials, plant extracts, minerals, and biochemicals help farmers improve crop productivity, maintain plant health, and reduce plant stress. The entire practice is based on organic green manure, residues, animal manure, or other ecological (bio-control) techniques.
Technavios analysts forecast the global agricultural biologicals market to grow at a CAGR of 14.49% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global agricultural biologicals market for 2016-2020. To calculate the market size, the report considers the revenue generated through the market sales of biopesticides, biostimulants, and biofertilizers to wholesalers, retailers, and individual farmers in the market.
The market is divided into the following segments based on geography:
Technavio’s report, Global Agricultural Biologicals Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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