Global biologicals market to reach $10.05 bn by 2020

The global agricultural biologicals market is projected to reach USD 10.05 Billion by 2020, growing at a CAGR of 14.5% from 2015 to 2020, according to a new biologicals report. The demand for biologicals is also fueled because major agriculture firms intend to continue and preserve their market share or produce incremental income streams; governmental regulatory bodies are actively participating in environmental conservation issues; growers are looking for fresh ways to generate higher yield; and there is an increased demand for agricultural products that ensure overall wellness of consumers.

In the global market for agricultural biologicals, microbials as a source for biologicals is growing at a higher rate as microbials are broadly utilized over the globe and are a valuable source for biologicals to defend crops against insects, diseases, and pests. They are made from microbes which can work alone and complement the conventional method of plant production and protection. They are attractive in controlling agricultural pests which do not create any harm to the environment. Continuous research & development in agrochemicals and advances in the farming methods have also played a major role in the growth of the biologicals market.

Soil treatment is one of the most widely used mode of application under the biologicals market. Soil treatment with the help of biologicals involves the method of improving the soil quality, by adjusting the pH level of the soil, so that the nutrient quality is ultimately improved. Soil treatment also involves the removal of hazardous substances from soil that has been contaminated and unfit for production of agricultural products for human consumption. Recently, there has been an increase in the seed treatment mode of application to protect seeds from early season diseases and pests, which improves crop emergence and its growth. It also improves plant population and therefore there is higher productivity.

The global agricultural biologicals market is dominated by Europe and is closely followed by North America. These regions are quite ahead in adopting modern agricultural technology and organic farming as they are more developed as compared to other developing regions round the globe. This has led to create an increased demand for the overall organic ways to produce crops in the European market. These factors have played a major role in the dominance of the European Agricultural biologicals industry across the globe. However, the demand for agricultural biological products from developing regions, such as Asia-Pacific and Latin America, has significantly increased. Increasing land degradation and rise in productivity of high quality crops have put tremendous pressure on countries with agrarian economy.