The forecast for the Global Agricultural Biology Market indicates that it will reach USD 31.99 billion by 2027. The market's growth is primarily driven by the significant increase in population and the high demand for sufficient crop production. Factors such as crop loss, the need for higher crop yields, consumer demand for sustainably produced food, and the challenges posed by climate change and global pandemics are contributing to the growing relevance and adoption of Agricultural Biology across various industries.
Agrochemical farms are also investing in research and development to offer innovative product solutions. They are also forming partnerships with other companies to expand their product offerings. The global market is characterized by the participation of competitors who employ different strategic approaches to gain a significant market share. Companies are introducing new agricultural microbial products that promote natural crop growth. New entrants into the industry will likely focus on innovation and advanced technologies to simplify operations and reduce costs.
The COVID-19 pandemic has had a direct impact on the growth rates of Agricultural Biology. Manufacturers are adapting their practices and priorities to meet the demands of the crisis. Disruptions in the supply chain have led to the establishment of new, more expensive supply chains, resulting in increased activity in the biotechnology sector.
Get a sample copy of the Agricultural Biology market report: https://www.reportsanddata.com/download-free-sample/3101
Key findings from the report include:
- In June 2019, BASF, a German company, announced its plan to launch 20 new agricultural chemical protection products in India, targeting key crops such as rice, cotton, fruits, corn, soybeans, and vegetables.
- In March 2019, Helena Chemical Company, a US-based agrochemical manufacturer, introduced four new product lines that provide specific agronomic solutions to maximize yields and returns on investment.
- In August 2017, DuPont de Nemours, Inc., a leading American agrochemical company, acquired Granular, Inc., a San Francisco-based software and analytical tools company for farms. This acquisition aims to enhance digital agriculture and improve agronomic software services.
Opportunities for the market's future growth include the application of indoor farming, waste recycling, genome editing of crops to add value, improving seed protein efficiency, increasing production of pollinator-friendly agricultural biology, and leveraging digital analytics for enhanced usability and performance control. Incorporating these opportunities can increase profitability and expand the consumer base for companies in this market.
Key participants in the market include Syngenta AG, Bayer AG, BASF SE, Dow AgroSciences LLC, FMC Corporation, ADAMA Ltd., Nufarm, Sumitomo Chemical Co., Ltd., UPL Limited, Corteva, Inc., and Conagen, among others.
The agricultural biology market is segmented based on type, crop type, mode of application, application, and region:
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)
Agricultural Biology Market: Drive factors
Factors driving the Agricultural Biology Market include:
- Population Growth: The increasing global population creates a higher demand for food production, leading to the adoption of agricultural biology solutions to enhance crop yields and meet the growing food requirements.
- Demand for Sufficient Crop Production: The need to ensure sufficient crop production to feed the population drives the market for agricultural biology. These solutions help in improving crop productivity and addressing crop loss issues.
- Consumer Demand for Sustainable Food: There is a rising demand for sustainably produced food among consumers. Agricultural biology offers eco-friendly and organic solutions that align with sustainable farming practices, thereby driving market growth.
- Market Competition: The global agricultural biology market is highly competitive, with various companies employing different strategic approaches to gain market share. This competition drives continuous advancements and product innovations in the market.
Overall, the need for sustainable and efficient agricultural practices, coupled with the challenges posed by population growth, climate change, and pandemics, are key driving factors for the agricultural biology market.
Explore Trending Reports:
Construction Lubricants Market: https://www.reportsanddata.com/report-detail/construction-lubricants-market
Battery Materials Market: https://www.reportsanddata.com/report-detail/battery-materials-market
Double Sided Tape Market: https://www.reportsanddata.com/report-detail/double-sided-tape-market
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/3101
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact:
John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
LinkedIn | Twitter | Blogs
