North America Agricultural Biologicals Market 2021
The North America agriculture biologicals market was worth USD 3.75 billion in 2016 and is expected to grow at a CAGR of 6.4%, to reach USD 5.11 billion by 2021.
Agricultural biologicals are mostly used in agricultural practices to maintain crop health. These products will minimize harmful environmental consequences. Agricultural biologicals combines innovation and science to imcrease the productivity of crops as well as enhancing crop health. Agricultural biological products helps in replacing conventional pesticides in the market due to their non-toxic quality and target specific behavior. However, consumers shift towards the organic foods in US leads to an increasing demand for these agricultural biological products and organic manures since these are prerequisites for the organic farming industry.
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Increasing demand for organic products, growing number of population, rapid growth in the use of these products in seed treatment, improving yield and productivity, increasing spending’s in R&D efforts, support from the government and increasing health consciousness are the factors boosting the growth of the market. Factors such as lack of awareness among the farmers and reluctant to change from existing practices of chemical pesticides are hindering the growth of the market.
Agricultural biologicals market is segmented on the basis of Type, Application, Sources, and Mode of Application. Based on type, market is segmented into Bio pesticides, Bio fertilizers and Bio stimulants. Bio Pesticides are further segmented into Bio insecticides, Bio nematicides, Bio Herbicides. Based on Application, market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Others. Based on sources, market is further segmented into Microbial, Biorationals and Others.
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Some of the major companies dominating the market, by their products and services include BASF, Bayer Crop Science, Syngenta, Novozymes A/S, Isagro, Arysta Lifescience Limited, Arysta LifeScience Corporation, Valent BioScience Corporation, Marrone Bio Innovations Inc., Certis U.S.A and Koppert B.V.
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Scope of the report:-
- Regional and country-level analysisand forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysisin terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges(DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensivePESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, usingPorter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list ofkey market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysislisting out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Anexecutive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along withInvestment opportunities to provide both individuals and organizations a strong financial foothold in the market
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