Report : Asia Pacific Agricultural Biologicals Market to 2027 - Regional Analysis and Forecasts by Type (Bio pesticides, Bio stimulants, and Bio fertilizers); Source (Microbials, bio chemicals, and others); Application Mode (Foliar Sprays, Soil Treatment, and Seed treatment); & Application (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others),
Increase in adoption of natural products over synthetic products to escalate the Asia Pacific agricultural biologicals market at a CAGR of 15.0%
Latest market study on “Asia Pacific Agricultural Biologicals Market to 2027 - Analysis and Forecasts Type (Bio pesticides, Bio stimulants, and Bio fertilizers); Source (Microbials, bio chemicals, and others); Application Mode (Foliar Sprays, Soil Treatment, and Seed treatment); & Application (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others), and Country”. Agricultural biologicals involves a broad range of plant extracts, insects, microbials, and other agricultural biologicals materials, which are used by the farmers to improve crop health and yield and for the pests control. It also helps in enhancing the availability of nutrients, nutrient uptake capacity of plant, assists in product’s strong resistance to insects, and residue managements, as well as improving total productivity of the plant crops. Agricultural biologicals products are a cheaper option as compared to synthetic crop protection products. Three major types of agricultural biologicals are bio pesticides, bio stimulants, and bio fertilizers.
The Asia Pacific agricultural biologicals market is accounted to US$ 1,164.2 Mn in 2018 and is expected to grow at a CAGR of 15.0% during the forecast period 2019 - 2027, to account to US$ 4,046.0 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Agricultural biologicals are widely used as a replacement of chemical plant protection or synthetic products like chemical pesticides, fungicides, or insecticides. Agricultural biologicals products such as bio pesticides, bio stimulants, and bio fertilizers function as natural products, leading to soil health development, plant’s disease control, enhancement of nutrient uptake, plant growth enhancement, and numerous others. The customers are highly adopting agricultural biologicals products over the other synthetic products owing to its capability to target specific microorganisms with low impact on other organisms, low environmental impacts, and a low risk of product resistance towards pests. Synthetic products are proven to be toxic and harmful to not only humans but also pets, plant crops, beneficial organisms, and even the environment. Applications of synthetic products cause crop product contamination with toxic chemical residues, contamination of groundwater and soil, and other health risks. Persistent protection of plants by the usage of synthetic products may lead to a strong insect’s resistance towards these chemicals. The manufacturing costs of synthetic products are expensive as compared to agricultural biologicals, contributing to the rising adoption of natural products. Compared to synthetic products, agricultural biologicals products are non-pollutant towards the environment, soil, water, or plant, along with inexhaustible, easily accessible, biodegradable, renewable, non-phytotoxic, and a cost-effective option. Agricultural biologicals consist of essential oils, alkaloids, terpenoids, polypeptides, polyphenols, phenolics, and other natural compounds that assist in the prevention of harmful pests. Also, synthetic products go through numerous regulatory processes as compared to natural products. These factors are mainly contributing to the increasing adoption of natural products over synthetic products and fueling the agricultural biologicals market in the Asia Pacific region.
The market for Asia Pacific agricultural biologicals is concentrated with some very well-established players. Some of the key players in the Asia Pacific agricultural biologicals market include BASF SE, Biolchim S.p.A., DowDuPont Inc., Isagro S.p.A., Koppert Biologicals Systems, Syngenta, UPL, and Valent BioSciences LLC amongst the others.
The report segments the Asia Pacific Agricultural Biologicals market as follows:
Asia Pacific Agricultural Biologicals Market - By Type
Asia Pacific Agricultural Biologicals Market - By Source
Asia Pacific Agricultural Biologicals Market - By Application Mode